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Thursday, 22 April 10
NEED TO IMPORT 82 MT COAL IN FISCAL - INDIA COAL MIN
Indian Express reported that, anxious to bridge the ever-widening gap between the rising demand for coal and its inadequate supply, the Coal Ministry today said the country would have to import 82 million tones coal to fire its blast furnaces and power turbines in 2010-11.
In its quest for streamlining growth in the sector, the ministry has also pledged to expedite the setting up of the proposed Coal Regulator by seeking the approval of the union cabinet soon.
Pointing out that the total demand for coking and non-coking coal in 2010-11 has been estimated to be around 653.71 million tones, Coal Minister Sriprakash Jaiswal told The Indian Express that coal imports was imperative to ensure raw material security.
“After a recent review meeting on the sector, we saw that the total coal demand was around 654 million tones. We found that production from all the sources including our behemoth Coal India Limited would be around 572.37 million tones, thereby leaving a gap of nearly 82 MT this fiscal. So imports will have to happen,” Jaiswal argued.
Source: Indian Express (By: Priyadarshi Siddhanta)
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Monday, 28 June 10
REVISIONS SHOULD AIM MINERAL AND COAL LAW
VIVAnews reported that, the Consortium of Mineral, Coal and Geothermal-Producing Regional Governments (Minerbapabum) is asking the government to per ...
Monday, 28 June 10
MEC TO INK COAL-EQUITY SWAP DEALS WITH POWER PROJECTS
Business Line reported that, First it was power producers moving to pick up stakes in coal mining projects to ensure the raw material supplies.
N ...
Monday, 28 June 10
COLOMBIA WILL LIKELY EXPORT 80 MILLION TONNES OF COAL IN 2010
Best Colombia reported that, Mr Hernan Martinez energy and mines minister of Colombia told reporters that Colombia will likely export 80 million ton ...
Monday, 28 June 10
WESFARMERS' SEPT QTR COAL PRICE UP 11% - SMH
SMH reported that, Wesfarmers Ltd says it expects a 11 per cent increase in prices for metallurgical coal from its Curragh mine in Queensland in the ...
Saturday, 26 June 10
THE SUPRAMAX INDEX FOR S6 ROUTE WAS UP BY US$ 1091 PER DAY OR 5.7 PERCENT D-O-D -- VISTAAR
COALspot.com: The market appears to be steadying with all indices almost stabilizing and the drop much less than last two weeks.
The BDI softened ...
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- Asmin Koalindo Tuhup - Indonesia
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- Eastern Coal Council - USA
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- MS Steel International - UAE
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- Siam City Cement PLC, Thailand
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- Indian Energy Exchange, India
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- Kohat Cement Company Ltd. - Pakistan
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- Energy Development Corp, Philippines
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- Africa Commodities Group - South Africa
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