Coal news and updates

Updated daily

• Big banks seek to back Indonesia coal retirement

  07 Mar 2024

  Jakarta: HSBC Holdings Plc, Standard Chartered Plc (StanChart) and Bank of America Corp (BofA) are among the banks seeking to participate in Indonesia’s first early coal retirement deal, a signal that big lenders are increasingly willing to make the fossil-fuel investments necessary for the global energy transition. . ...Read More

• Indian government to sell up to 7% stake in coal miner NLC

  07 Mar 2024

  The government holds a 79.2% stake in the company, whose shares have nearly tripled over the last year to 226.70 rupees as of Wednesday. . ...Read More

• Gujarat's GMDC approves land acquisition, rehabilitation plan for Baitarani-West coal block

  07 Mar 2024

  "After the approval, GMDC shall move towards the opening of the coal mine with a peak rate capacity of 15 million tonne per annum in Odisha, . ...Read More

• Russia has reduced the export of coal

  06 Mar 2024

  OREANDA-NEWS Coal exports from Russia in January 2024 fell by 8% compared to the same period last year, reaching 14.6 million tons, according to data provided by two sources familiar with the statistics of the Ministry of Energy. . ...Read More

• Coal India's Gevra mine set to become Asia's largest with expansion to 70 million tonnes capacity

  06 Mar 2024

  This expansion comes after concerted efforts by the ministry of coal and the ministry of environment, forest, and climate change (MoEFCC) to secure the clearance in record time, underlining the mine's strategic importance to India's energy sector. . ...Read More

• India preps for summer power surge, power ministry mandates coal blending till June 2024

  06 Mar 2024

  The decision, approved by the Minister of power and new and renewable energy, R.K.Singh comes in the wake of a projected peak demand of up to 250 GW during the upcoming summer season and observed supply constraints in domestic coal. . ...Read More

• China’s Top Coking Coal Miner Calls on State to Control Supply

  06 Mar 2024

  (Bloomberg) -- China’s coking coal industry needs more state protection, including restrictions on supply, according to the chairman of the biggest miner. . ...Read More

• EP BiH Aims for Stability: Increased Coal Production, Cost Reductions, Tariff Procedure Initiation

  04 Mar 2024

  Amidst prevailing challenges, Elektroprivreda BiH (EP BiH) is embarking on a strategic overhaul to ensure the sustainability of electricity supply in Bosnia and Herzegovina. In a recent statement, . ...Read More

• HSBC, StanChart eye coal transition credits

  04 Mar 2024

  HSBC (0005) and Standard Chartered (2888) are working on a new kind of financial instrument that's designed to monetize the shift away from high-carbon assets. . ...Read More

• India saves Rs 82k crore forex outgo on coal imports PiPa News

  04 Mar 2024

  India saves Rs 82k crore forex outgo on coal imports . ...Read More

• Key infra sectors' growth slows to 15-month low of 3.6% in January

  01 Mar 2024

  The output growth of refinery products and fertiliser was in the negative zone. And the pace of increase in the output of coal, steel, and electricity decelerated during the month under review. . ...Read More

• Russia to reintroduce linked coal export duties from March 1

  01 Mar 2024

  MOSCOW, Feb 29 (Reuters) -The Russian government will reintroduce flexible export duties for coal exports linked to the rouble exchange rate from March 1, the government said on Thursday. . ...Read More

• Vedanta, Coal India, Ola Electric bid for critical mineral blocks

  01 Mar 2024

  The tender documents for these blocks were made available for purchase until 13 February . ...Read More

• Drop in share of imported coal in consumption saves Rs 82 k crore forex outgo

  01 Mar 2024

  NEW DELHI: The share of imported coal in overall consumption in the country has come down to 19.3% in the April-December period of the financial year ending March 31 from 21% in the previous corresponding period, . ...Read More

• Pralhad Joshi to launch Coal Logistics Plan & Policy on 29 February

  29 Feb 2024

  "Union coal and mines, and parliamentary affairs minister Pralhad Joshi will grace the occasion as the chief guest and unveil the Coal Logistics Plan & Policy," it added. . ...Read More