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Nalco to build 4 lakh tons coal stock

by Coal Insights Bureau

November 28, 2008: Faced with immense shortage in supply of domestic coal during the past two to three months that affected production in August and September, National Aluminium Company (Nalco) has drawn up a plan to build up coal stock of 4 lakh tons to ensure smooth production.

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World's largest coal terminal at Mundra to serve power, steel plants

by Coal Insights Bureau

November 28, 2008: Adani Group, which is developing a special economic zone at Mundra, is also setting up the world's largest coal handling terminal at Wandh. This will mechanically evacuate 40 million tons of coal annually as part of its strategy to attract steelmakers to set up plants in the zone.

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Mining engineers seek attention as country embarks on growth path

by Coal Insights Bureau

November 28, 2008: Mining engineers posted at various mines in difficult terrains and environments play a crucial role in a country like India, which has been growing at 8 percent rate since the last couple of years.

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Dropping sea freight affects timely delivery of import contracts

by Rajkumar Mitra

November 28, 2008: Though Indian industries would like to forget the current period of financial doldrums soon, it is party time for the third party logistics (3PL) service providers who are providing dedicated services to the customers.

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India imports 4.69 mt thermal coal between Aug-Oct

by Chandrika Bose & Gargi Sahai

November 28, 2008: India's thermal coal imports through 17 major and minor ports between August and October this year stood at about 4.69 million tons (mt), while coking coal imports during the same period stood at 7.40 mt, according to data compiled by Coal Insights.

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NMDC suggests formation of iron ore index

by Coal Insights Bureau

November 28, 2008: For perhaps the first time, the chairman and managing director of NMDC, Rana Som, has floated the idea of setting up an "iron ore index" along the lines of indices for ferrous metals, followed the world over.

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SAIL tops list of coking coal importers

by Coal Insights Bureau

November 27, 2008: Coking coal imports through eight major ports, excluding Vizag, in September and October stood at 2.87 million tons (mt).

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Global mining expo draws huge response

by Coal Insights Bureau

November 27, 2008: The two-day ninth International Mining & Machinery Exhibition (IMME 2008) - organised by the Confederation of Indian Industry in association with the Ministry of Coal, Ministry of Mines, Government of India and Coal India - concluded on November 8 in Kolkata.

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Coal to remain chief power source well into 21st century: IEA

by Coal Insights Bureau

November 27, 2008: Usage of coal is on the rise and the commodity is likely to remain the chief power source globally well into the 21st century, according to a new study released by the International Energy Agency (IEA).

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ICVL expecting first overseas acquisition

by Coal Insights Bureau

November 27, 2008: The economic slowdown that has considerably pulled down the global value of coal, may turn out to be a boon for International Coal Ventures Ltd (ICVL).

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India, UK plan alternate energy sources

by Coal Insights Bureau

November 27, 2008: Faced with a horde of regulations and a changing energy picture, both the Indian and UK coal industries are taking steps to identify alternate sources of energy.

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Indian power companies declare moderate H1 results

by Coal Insights Bureau

November 27, 2008: The first half of the current fiscal has short-circuited most of the power sector's positive plans. It has been a tough six months, with coal scarcity making it near impossible for power companies to meet demand.

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GMR Energy plan to acquire SA firm falls through

by Coal Insights Bureau

November 27, 2008: GMR Energy, a subsidiary of GMR Infrastructure Ltd, in a recent announcement said that it had dropped the idea of acquiring 50 percent stake in the South African firm, Homeland Mining Energy.

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Chinese equipment maker to set up manufacturing facility in India

by Rakesh Dubey

November 27, 2008: The Liu Gong Group, one of the top 500 manufacturers of construction equipment in China, is all set to open a manufacturing facility at Indore in India at an investment of Rs 150 crore.

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BCCL draws up huge revamp package

by Sarbani Haldar

November 27, 2008: In view of the growing demand for coal, the Bharat Coking Coal (BCCL), a subsidiary of Coal India (CIL), has embarked on a massive investment and revamping programme to augment production and improve its operational efficiencies.

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Govt green signal for CTL projects still awaited

by Coal Insights Bureau

November 27, 2008: The inter ministerial group (IMG) formed by the Coal Ministry for allocation of blocks for India's coal-to-liquid (CTL) projects, is yet to come up with a final decision on the allotment of blocks to the 22 companies who have made their presentations.

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More than 80% of coal find buyers in e-auction

by Rakesh Dubey

November 27, 2008: As much as 80.55 percent of the total quantity of coal offered by eight coal producing subsidiaries of Coal India (CIL) for electronic auction (e-auction) in October was lifted by consumers.

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Demand outstrips supply of OTR tyres

by Madhuchanda Dasgupta

November 27, 2008: Just about three years ago, the domestic coal mining industry was faced with an acute shortage of off-the-road (OTR) tyres.

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Coal imports by China in October 2008

November 27, 2008: Coal imports by China in October 2008 stood at 3.48 million tons, down by 6.3 percent from 2.18 million tons in the same month last year.

Out of the total imports, 0.67 million tons of thermal coal was imported, also down by 4.3 percent, stated a Tex Report data.

Source: Coal Insights Bureau

CIL subsidiaries to buy about 2200 tyres in 2008-09

by Coal Insights Bureau

November 27, 2008: Coal India Ltd (CIL) is the largest buyer of off-the-road (OTR) tyres in the country.

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