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Monday, 02 December 19
COAL PRODUCTION IN INDIA UP BY 164.58 MT IN 5 YEARS - BUSINESS LINE
 Raw coal production in the country has increased from 567.77 million tons (MT) in 2013-14 to 730.35 MT in 2018-19, Union Coal and Parliamentary Affairs Minister Pralhad Joshi said in Lok Sabha. He said that India had to import 234 MT coal last year for which it lost Rs 1.7 lakh crore foreign exchange.
“All India raw coal production increased from 565.77 MT in 2013-14 to 730.35 MT in 2018-19, an absolute increase of 164.58 MT as compared to increase of coal production of 73.01 MT between 2008-09 and 2013-14,” he said during Question Hour.
The minister said while there was a positive growth in production in the first quarter of the current year (April- June 2019), production has been slipping since July. This is largely because of heavy rainfall witnessed in coal mining areas of the country, he said.
Joshi said this year rainfall has continued in the month of October also which hampered the growth in production during this month that normally taken place after the rainy session. He said during the current year (April-October 2019), though there has been a decline in dispatch to power sector, it has not affected the coal availability position at the power house end.
Presently, stock at Power House end stands at 22.78 MT as on November 19, 2019, equivalent to 14 days’ consumption with 5 power plants under critical list, as against last year same day’s stock of 11.68 Million tonnes, equivalent to 7 days’ consumption, with 25 power plants reeling under criticality.
“The coal production of CIL and its subsidiaries is being reviewed regularly at the highest level of Ministry. The CIL has been asked to make all out efforts to reach the target by improving production in the remaining months of the current year,” he said.
Joshi said the focus of the government is on accelerating domestic production of coal through allocation of more coal blocks, pursuing with state government for assistance in land acquisition and coordinated efforts with Railways for movement of coal.
Source: The Hindu Business Line
COALspot note: Rs 1.7 lakh crore equivalent to approximately USD 23.693 billion
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Wednesday, 04 December 19
FITCH RATINGS: CASH FLOW GENERATION TO SLOW DOWN FOR INDONESIAN COAL MINERS
Fitch Ratings' negative outlook on the Indonesian coal-mining sector reflects our view of weaker cash flow generation on account of declining c ...
Wednesday, 04 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
Dry bulk freight rates rebounded last week, a development that came as a relief following the recent negative sentiment that prevailed in the marke ...
Wednesday, 04 December 19
INDONESIA REVIEWING RULES MANDATING COAL SALES TO LOCAL BUYERS: OFFICIAL - REUTERS
Indonesia is reviewing rules that require coal miners to sell a portion of their coal to local buyers, a government official said on Monday, as sup ...
Tuesday, 03 December 19
STABILITY AND COMPATIBILITY OF VERY LOW SULPHUR FUEL OILS - GARD
In order to meet increasing restrictions on the sulphur content in marine fuel as defined by MARPOL Annex VI Regulation 14.1.3, the characteristics ...
Monday, 02 December 19
OPEC PREPS FOR OIL'S 2020 BALANCING ACT - WOOD MACKENZIE
What steps should OPEC and its non-OPEC partners take to keep the market in balance in 2020? Ahead of OPEC’s meeting in Vienna on 5 and 6 Dec ...
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