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GVK Power seeks Tokisud south coal block
November 18, 2008: GVK Power Ltd has sought allocation of Tokisud south coal block from the Ministry of Coal. This will help it meet the additional requirement for its 2x270-MW thermal power project at Goindwal Sahib in Punjab.
November 18, 2008: GVK Power Ltd has sought allocation of Tokisud south coal block from the Ministry of Coal. This will help it meet the additional requirement for its 2x270-MW thermal power project at Goindwal Sahib in Punjab.
Asian coal breaches $98 mark on demand constraints
November 18, 2008: Australian power generators' coal prices slipped below the $98 mark in the past week. These serve as a benchmark for Asia.
November 18, 2008: Australian power generators' coal prices slipped below the $98 mark in the past week. These serve as a benchmark for Asia.
Macquarie cuts coal, iron ore forecast
November 18, 2008: Macquarie analyst Jim Lennon owing to continued weakening demand outlook slashed the contract price forecasts of coal over the past month.
November 18, 2008: Macquarie analyst Jim Lennon owing to continued weakening demand outlook slashed the contract price forecasts of coal over the past month.
Physical ARA (DES) deal settled
November 18, 2008: A physical deal was settled on November 14, 2008 at the thermal coal market of globalCOAL, an ARA (DES) (delivered in Amsterdam/Rotterdam) of ACPRS (Australian, Colombian, Polish, Russian and South African) coal at $91.50.
November 18, 2008: A physical deal was settled on November 14, 2008 at the thermal coal market of globalCOAL, an ARA (DES) (delivered in Amsterdam/Rotterdam) of ACPRS (Australian, Colombian, Polish, Russian and South African) coal at $91.50.
CIL gets 12 EoIs for abandoned mines
November 18, 2008: Twelve companies have responded to the global expression of interest floated by Coal India (CIL) in September.
November 18, 2008: Twelve companies have responded to the global expression of interest floated by Coal India (CIL) in September.
Taiwan coal import prices soar
November 18, 2008: The average import price at which Taiwan bought coking coal in September 2008 stood at $318.40 per ton which 193.86 percent more than the price in the corresponding period last year.
November 18, 2008: The average import price at which Taiwan bought coking coal in September 2008 stood at $318.40 per ton which 193.86 percent more than the price in the corresponding period last year.
US coal exports up in September 2008
November 18, 2008: US coal exports rose 77.1 percent in September, compared to the corresponding period last year and reached 7.85 million tons (mt) during the month.
November 18, 2008: US coal exports rose 77.1 percent in September, compared to the corresponding period last year and reached 7.85 million tons (mt) during the month.
Coal exports by Shenhua Group may exceed 20 mt in 2008
November 18, 2008: Shenhua Group Corp. Ltd. of China has recently forecasted that coal exports by the company may exceed the 20-million-ton (mt) mark in 2008.
November 18, 2008: Shenhua Group Corp. Ltd. of China has recently forecasted that coal exports by the company may exceed the 20-million-ton (mt) mark in 2008.
Power line addition for FY09 way short of target
November 17, 2008: Work on more than 80 percent of the targeted addition in the first half of financial year 2008-2009 is yet to be completed.
November 17, 2008: Work on more than 80 percent of the targeted addition in the first half of financial year 2008-2009 is yet to be completed.
JPMorgan predicts coking coal price dip
November 16, 2008: Metallurgical coal prices may have peaked at the nine-month average of $107 per ton and could slide in 2009 to $95 on the back of steelmakers cutting production by an estimated 25 percent.
November 16, 2008: Metallurgical coal prices may have peaked at the nine-month average of $107 per ton and could slide in 2009 to $95 on the back of steelmakers cutting production by an estimated 25 percent.
IPPs may have to deposit margin money
November 15, 2008: Independent power producers (IPPs) will now have to deposit 10 percent of the equipment cost as margin money with equipment suppliers to get coal linkages.
November 15, 2008: Independent power producers (IPPs) will now have to deposit 10 percent of the equipment cost as margin money with equipment suppliers to get coal linkages.
PT Kideco Jaya Agung domestic sales drop
November 14, 2008: PT Kideco Jaya Agung of Indonesia sold 0.40 million tons (mt) of coal in September in the domestic market.
November 14, 2008: PT Kideco Jaya Agung of Indonesia sold 0.40 million tons (mt) of coal in September in the domestic market.
Stock position of PT Kideco Jaya Agung fluctuating
November 14, 2008: Since the beginning of 2008, the stock position of PT Kideco Jaya Agung of Indonesia has been following a fluctuating trend.
November 14, 2008: Since the beginning of 2008, the stock position of PT Kideco Jaya Agung of Indonesia has been following a fluctuating trend.
Coal production by PT Kideco Jaya Agung up 8.5%
November 14, 2008: PT Kideco Jaya Agung of Indonesia produced 1.85 million tons (mt) of coal during September 2008, which went up by 8.5 percent compared to the same period last year.
November 14, 2008: PT Kideco Jaya Agung of Indonesia produced 1.85 million tons (mt) of coal during September 2008, which went up by 8.5 percent compared to the same period last year.
Physical ARA (DES) deal realised
November 14, 2008: A physical deal of ACPRS (Australian, Colombian, Polish, Russian and South African) thermal coal was realised on November 12, 2008 at the thermal coal market of globalCOAL.
November 14, 2008: A physical deal of ACPRS (Australian, Colombian, Polish, Russian and South African) thermal coal was realised on November 12, 2008 at the thermal coal market of globalCOAL.
4 spot deals realised in Australian thermal coal
November 14, 2008: Four spot deals were realised in the Australian thermal coal market on November 12, 2008.
November 14, 2008: Four spot deals were realised in the Australian thermal coal market on November 12, 2008.
12 companies interested in reopening mines of Coal India
November 13, 2008: Twelve companies, including a host of national and international majors, expressed interest in reopening underground mines in a 50:50 joint venture with Coal India Limited (CIL).
November 13, 2008: Twelve companies, including a host of national and international majors, expressed interest in reopening underground mines in a 50:50 joint venture with Coal India Limited (CIL).
Nalco to build coal stock
November 13, 2008: The public sector, National Aluminium Company (Nalco) has drawn up a plan to build coal stock of 4 lakh tons on the back of imported coal and also enhanced supplies from Mahanadi Coalfields Limited (MCL).
November 13, 2008: The public sector, National Aluminium Company (Nalco) has drawn up a plan to build coal stock of 4 lakh tons on the back of imported coal and also enhanced supplies from Mahanadi Coalfields Limited (MCL).
Salim group offers to build power plant in Maharashtra
November 13, 2008: The Indonesia-based conglomerate Salim Group has shown interest in setting up power project in the energy-starved state of Maharashtra.
November 13, 2008: The Indonesia-based conglomerate Salim Group has shown interest in setting up power project in the energy-starved state of Maharashtra.
KIOCL floats tender to procure LAM coke
November 12, 2008: Kudremukh Iron Ore Company Ltd (KIOCL), a 100 percent export-oriented unit with Mini Ratna status, under Ministry of Steel, has floated a tender for procurement of low ash metallurgical (LAM) coke.
November 12, 2008: Kudremukh Iron Ore Company Ltd (KIOCL), a 100 percent export-oriented unit with Mini Ratna status, under Ministry of Steel, has floated a tender for procurement of low ash metallurgical (LAM) coke.
