India's FY18 thermal coal imports up 8%
The recent government data showed that India’s thermal coal and coking coal imports rose by 8 per cent and 13 per cent respectively, for the first time in three financial years. The increase in imports will be a boon for international miners like Indonesia's Adaro Energy, Australia's Whitehaven Coal and global commodity merchants such as Glencore.
CIL to restart search to secure coal assets overseas
Unfazed by its earlier failed attempts to expand overseas, CIL will again scout for reserves of coking coal and high-grade low ash thermal coal in countries such as the US, Colombia, Canada, Australia, Indonesia and South Africa.
CIL eyes Bangladesh market
Coal India is in talks with power companies in Bangladesh for striking supply deals. This is the first time Coal India will export the fossil fuel on a commercial basis
CIL revises price of non-coking coal
Coal India (CIL) revised the price of non-coking coal to keep the domestic coal prices at globally competitive level. The prices were revised across all grades for use in power sector.
PPT logs highest coal traffic
Paradeep Port Trust (PPT) logged the highest thermal coal traffic coal traffic among all major ports logging 12.5 MT in the April-August period under review. This is 13.07 per cent higher than 11.09 MT in the same period in the previous fiscal.
Coal Ministry to take up CIL restructuring
The coal ministry has prepared an action plan for restructuring of State-owned Coal India Ltd (CIL). This is to improve overall operational efficiency of the company. CIL has seven subsidiaries. The company has missed the coal production targets in 2013-14.
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