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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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Tuesday, 06 August 19
SHIPPING MARKET INSIGHT - INTERMODAL
On the 12th of May four tankers were attacked near the coast of Fujairah. The tankers hit were waiving international flags such as that of No ...
Monday, 05 August 19
SUPRAMAX: COAL FROM INDONESIA TO CHINA PAID AT MID $8,000S ON A 57,000-TONNER DELIVERY SOUTH CHINA - BALTIC BRIEFING
Capesize
Having hit a high of $32,963 early last week, the Capesize 5TC now stands at $25,749. This is over 20% of its value lost in 10 days. C ...
Thursday, 01 August 19
PANAMAX: THE SENTIMENT IN THE MARKET IS STILL POSITIVE FOR THE LONGER TERM - FEARNLEYS
Capesize
Two weeks ago the 5TC index was at 33,000 USD pd. Since then it has fallen off a bit and has stayed around 27,000 USD pd the last week ...
Thursday, 01 August 19
INDIKA ENERGY REVENUES DECLINE DUE TO LOW COAL PRICES
One of the largest Indonesian integrated energy companies PT Indika Energy Tbk posted revenues of US $ 1,380.4 million, down 4.6% compared to US $ ...
Wednesday, 31 July 19
INDIA'S 2019 THERMAL COAL IMPORTS SEEN AT 180-185 MLN T - WOODMAC
India is expected to import 180-185 million tonnes of thermal coal in 2019, said Dale Hazelton, head of thermal coal at consultancy Wood Mackenzie. ...
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