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Sunday, 22 December 19
NMDC DIVERSIFIES INTO COAL MINING - THE HINDU
 Iron ore mining major NMDC has been allocated two coal blocks in Jharkhand for commercial mining by the Union Ministry of Coal.
Both the Rohne and Tokisud North blocks are located in Hazaribagh district and were allocated recently by the Ministry. The allocation was made under Section 5(1) of Coal Mines (Special Provisions) Act 2015 for commercial mining, a release from the public sector enterprise on Thursday said.
The Rohne coal block has coking coal that may require washing of coal for feeding into steel plant. Hence, NMDC is exploring the possibility for setting up of coal washeries. The Rohne coal block has extractable reserves of 191 million tonnes and planned production capacity of 8 MT per annum. The Tokisud North coal block has extractable reserves of about 52 MT of thermal coal and planned production capacity of 2.32 MT per annum. Both the blocks are located at an aerial distance of about 10-15 km.
NMDC will execute allotment agreement of Tokisud North coal block on December 24. The Rohne coal block allotment agreement would be executed as per the directives from Ministry of Coal with respective execution date, the release said.
Chairman-cum-Managing Director of NMDC N. Baijendra Kumar thanked the Centre, especially Steel and Coal ministries for reposing faith on the company as it diversifies into coal. NMDC has set up a coal division at its office in Hyderabad exclusively for looking at coal assets in India to provide linkage to steel and power sector, the release said.
Source: The Hindu
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Thursday, 30 January 20
PRIVATE SECTOR COMPANIES SEEK 'LEVEL PLAYING FIELD' FOR COAL BLOCK AUCTION - PTI
Private sector companies scouting opportunities for commercial coal mining in the country are seeking a “level playing field” to encour ...
Thursday, 30 January 20
CAPE: WITH CHINESE NEW YEAR TAKING PLACE, THE RATES ARE REACHING FURTHER DISAPPOINTING LEVELS - FEARNLEYS
Cape
With Chinese New Year taking place, the rates are reaching further disappointing levels. Present TC average is below USD 4,500, off 24% fr ...
Wednesday, 29 January 20
INDONESIA REMAINS AT THE TOP SPOT IN 2019 AS THE LARGEST SUPPLIER OF COAL TO INDIA WITH 91.3 MLN TONNES - BANCHERO COSTA
Despite repeated promises from India’s government to reduce the country’s coal imports and increase domestic self-reliance, volumes jus ...
Wednesday, 29 January 20
MARKET INSIGHT - INTERMODAL
Last week Libya’s oil production operations were disrupted as it was reported that local Libyan tribes interrupted output at the the El Feel ...
Tuesday, 28 January 20
INDONESIA - UNCERTAINTY OVER AVAILABILITY OF LSFO - THE STANDARD CLUB
The club has received reports that low sulphur fuel is not currently readily available in all Indonesian ports and that there are local shortages.
...
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