Coal news and updates

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• National coal index dips 3.48% as coal production sees double-digit growth

  19 Aug 2024

  The NCI, which aggregates coal prices from various sales channels such as notified prices, auction prices, and import prices, reflects transactions across coking and non-coking coal in both regulated sectors like power and fertilizer and non-regulated sectors. The NCI, which aggregates coal prices from various sales channels such as notified prices, auction prices, and import prices, reflects transactions across coking and non-coking coal in both regulated sectors like power and fertilizer and non-regulated sectors. New Delhi: The National Coal Index (NCI) recorded a 3.48% drop in June 2024, standing at 142.13 points compared to 147.25 points in the same month last year, the ministry of coal said in a statement. This decline is indicative of a robust coal supply in the market, meeting the increasing demands of the nation. The NCI, which aggregates coal prices from various sales channels such as notified prices, auction prices, and import prices, reflects transactions across coking and non-coking coal in both regulated sectors like power and fertilizer and non-regulated sectors. It serves as a crucial barometer of market dynamics, illustrating price fluctuations since its establishment in the fiscal year 2017-18. This period also saw a notable increase in coal production, with a growth rate of 14.58% compared to June last year. This surge in production is ensuring a stable supply of coal to various industries reliant on this critical resource, enhancing the overall energy security of the country. . ...Read More

• China's coal output up 2.8% in July despite surging hydropower generation

  16 Aug 2024

  A thermal power plant is seen near residential buildings in Beijing, China November 21, 2018. Picture taken November 21, 2018. REUTERS/Jason Lee/File Photo . ...Read More

• In a first, CIL to pay penalty for non-supply of e-auctioned coal

  16 Aug 2024

  Coal Ministry aims to make miners more accountable for timely and cost efficient supply to consuming industries, including non-regulated sectors. . ...Read More

• A Flood of Hydro Is Washing Coal From China’s Grid

  16 Aug 2024

  Recent torrential downpours have switched this source of power back on. The future will be tougher. . ...Read More

• India amends guidelines for cross-border electricity trade

  16 Aug 2024

  Now, electricity export will only be permitted if it was generated using imported coal. . ...Read More

• Business groups express support for DOE’s balanced energy, coal policy

  14 Aug 2024

  Major business groups including the Philippine Chamber of Commerce and Industry (PCCI), the Management Association of the Philippines (MAP) and the Employers Confederation of the Philippines (ECOP) expressed their support for the Department of Energy (DOE) and Secretary Raphael Lotilla for pursuing a balanced energy policy that addresses the country’s unique needs. . ...Read More

• Centre to engage ‘Mining Developers cum Operators’ for major coal mine projects

  14 Aug 2024

  Centre to engage ‘Mining Developers cum Operators’ for major coal mine projects© Provided by The Statesman . ...Read More

• Wind Overtakes Coal In March, April In U.S. Electricity Production

  14 Aug 2024

  Wind turbines on a ridge tower over the deserted Corridor H highway in northern West Virginia.Curtis Tate/West Virginia Public Broadcasting . ...Read More

• CIL removes all restrictions on coal purchases, demand to dictate supply

  14 Aug 2024

  Ends nearly 20-year practice of supply based on contracted capacity . ...Read More

• India Boosts Coal Production, Aims To Cut Imports For Energy Security

  07 Aug 2024

  (MENAFN- Daily News Egypt) India's Ministry of coal has announced a substantial increase in domestic coal production, which is prompting a strategic shift towards reducing coal imports. . ...Read More

• US EIA says coal generation share to shrink to an all-time low in 2024

  07 Aug 2024

  Inventories are expected to drop 30% by end of 2025 . ...Read More

• Coal trade reshaped by Asian demand

  07 Aug 2024

  Vietnam set to surpass Chinese Taipai in global import rankings . ...Read More

• India turns to coal amid rising electricity demand

  07 Aug 2024

  India is increasing its coal usage to meet soaring electricity demands, despite its efforts to expand renewable energy. . ...Read More

• Coal India signs pacts with global firms for potential investment in critical minerals projects

  06 Aug 2024

  Coal India Ltd signed non-disclosure agreements with international companies to explore investments in critical mineral projects, including lithium extraction in Chile. KABIL, a joint venture of three PSUs, also signed an agreement for joint due diligence and investment in lithium and cobalt mining in Australia, . ...Read More

• Govt plans 100 new mines to raise coal output by 500mn tonnes a year by 2029-30

  06 Aug 2024

  The Ministry of Coal plans to open 100 new mines with a coal production capacity of 500 million tonnes per annum (MTPA) by FY 2029-30, Union Minister of Coal and Mines G. Kishan Reddy told the Rajya Sabha on Monday. . ...Read More