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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, 10 October 19
THERMAL COAL IMPORT LIKELY TO CROSS 200 MT IN 2019-20 - TIME OF INDIA
The country's overall thermal coal import is likely to cross the 200-million tonnes (MT) mark in the current financial year, according to Icra. ...
Wednesday, 09 October 19
SHIPPING MARKET INSIGHT - INTERMODAL
As we have already stated in previous insights, we had expected that the recovery on rates and activity across all segments in the offshore market ...
Thursday, 03 October 19
OIL PRICE ASSUMPTIONS UNCHANGED, NBP GAS PRICE LOWERED - FITCH RATINGS PRIMARY - FITCH RATINGS
Our oil price assumptions are unchanged, despite the recent price volatility following the attacks on Saudi Arabia's oil infrastructure, Fitch ...
Thursday, 03 October 19
SHIPPING MARKET INSIGHT
Edible oil products across the board are showing healthy amount of export activity, however, rates in most cases are struggling to move accordingly ...
Friday, 27 September 19
LOWDOWN ON INCOTERMS 2020 OVERHAUL - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
This ninth revision of Incoterms is changed in style and substance. The revisions improve certain aspects of Incoterms 20 ...
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