Coal news and updates

Singareni Collieries tweaks prices twice in 10 days

India Coal Market Watch

December 9: While keeping the basic run of mine (ROM) prices unchanged, Singareni Collieries Company Ltd (SCCL) has brought in changes to its overall coal prices twice in the last 10 days, according to information available with ICMW.

The latest notification dated December 8 announced separate pricing of Ramagundam (RG) Opencast III CHP coal prices for G10-G12 grades. Earlier, these prices were not mentioned separately in the price chart.

According to the new notification, the prices for G10-CRR (4,301-4,600 Kcal/kg) coal from RG OC-III CHP for power utilities are fixed at Rs 1,709 per ton and for non-power consumers at Rs 2,229 per ton. The same for G11-CRR (4,001-4,300 Kcal/kg) are fixed at Rs 1,399 and Rs 1,824 for power and non-power sectors, respectively. Prices for G12-CRR (3,701-4,000 Kcal/kg) grade from RG OC-III CHP for power and non-power consumers are at Rs 1,149 and Rs 1,494 per ton, respectively.

 Earlier, on November 30, SCCL announced an additional 2% on royalty as per directive of Director of Mines & Geology.

Coal India awaits Green nod for 33 projects in 2016

India Coal Market Watch

December 9: Altogether, 33 coal mining projects of Coal India Ltd (CIL) are lined up for receiving environmental clearances (EC) during the year 2016, according to information available with ICMW.

Of these, the highest number of 8 projects pending EC are located in the command area of South Eastern Coalfields Ltd (SECL). This is followed by 6 projects each under Bharat Coking Coal Ltd (BCCL) and Mahanadi Coalfields Ltd (MCL), 4 projects each under Central Coalfields Ltd (CCL) and Northern Coalfields Ltd (NCL) and 2 under Eastern Coalfields Ltd (ECL), the data shows.

However, the total number of pending projects may increase if the huge number of prospective ECs this year spill over into the next, sources said.