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.
Australian govt gives nod for uranium supply to India
India can begin import of uranium from Australia immediately, Foreign Minister Julie Bishop has said, shortly after prime ministers of the two nations announced the completion of procedures necessary for a landmark bilateral nuclear deal.
Dart Energy to exit India
Dart Energy will wind up its India operations by November 2015.The main reason behind the decision is tough working conditions in India. Dart joins the list of over half-a-dozen exploration companies like the Italy´s Eni SpA, Australia´s Santos, the UK-based Foresight Group, BHP Billiton Petroleum, Canada´s GeoGlobal Resources, Norway´s Statoil ASA
Adani group may work on a coal mining project in Queensland
The Adani group hopes to work with the new regime in Australia´s Queensland State and discuss the coal mining project that will create 10,000 jobs and contribute $22 billion to the State´s revenue, the conglomerate stated in the wake of renewed activist enthusiasm after the victory of the Labor party in the province.
Coal import bill continues to rise
India´s coal import bill surged 42 per cent to Rs 11,441 crore in November 2014 despite a 16 per cent increase in Coal India´s production, highlighting the rapidly widening demand-supply gap for the fuel in the country.
On the block
Just when the power sector was beginning to find its feet again, thanks to a slew of decisions taken by the new government, along comes the Supreme Court verdict declaring the allocation of 218 coal blocks made since 1993 as ¨illegal and arbitrary¨.
Power 20:20 | Adani Power
APL commercialised its first unit of 330 MW at Mundra, Gujarat, in 2009 and scaled up plans to build India´s largest and one of the world´s top five single location thermal power plants with a capacity of 4,620 MW. The company has also made inroads into power generation in Maharashtra
Adani taps POSCO for Oz coal project
India's Adani Mining Pty Ltd has said that South Korea's POSCO Engineering & Construction Co Ltd will build the rail line for a long-delayed A$16.5 billion
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