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Monday, 12 March 18
COAL OUTPUT FROM PRIVATE MINERS UNLIKELY TO RISE IN MEDIUM TERM: ICRA
PTICoal output levels from private commercial miners are unlikely to go up considerably in the medium to short term, given the issues related to land acquisition and regulatory clearances, rating agency Icra said.

The statement comes in the wake of government deciding to open up coal sector to commercial mining by private entities.

However, the power plants already having fuel supply pacts with state run miners are unlikely to switch over to meeting their requirement from commercial miners in the medium term as such FSAs (fuel supply agreement) have been contracted at competitive rates, the rating agency said.

“Nature of coal blocks selected and a stable and predictable policy framework would be other important determinants of the success of the auction process,” the rating agency said.

The coal ministry had last month came out with the methodology for auction of coal mines, which largely aims at opening up the coal sector for private commercial mining and also looks at allowing 100 per cent foreign direct investment in order to create an efficient and competitive coal market.
Source: PTI


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Saturday, 28 April 18
STRONG ASIAN DEMAND CONTINUES TO HOLD UP THERMAL COAL MARKETS - REUTERS
Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding ...


Friday, 27 April 18
PEABODY ENERGY'S REVENUES FOR THE FIRST QUARTER ROSE 10 PERCENT OVER THE PRIOR YEAR TO $1.46 BILLION
Peabody Energy's revenues for the first quarter rose 10 percent over the prior year to $1.46 billion driven by improved seaborne coal pricing a ...


Thursday, 26 April 18
BALTIC EXCHANGE LAUNCHES ESCROW SERVICE FOR VESSEL SALES
The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exc ...


Thursday, 26 April 18
COAL PRICES ARE EXPECTED TO AVERAGE $85/MT IN 2018, DOWN SLIGHTLY FROM 2017 - WORLD BANK
Coal prices rose 4 percent in the first quarter (q/q), following a surge of 34 percent in 2017, mainly due to strong consumption in China spurred b ...


Wednesday, 25 April 18
TANKER MARKET INSIGHT - THEODOROS NTALAKOS
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