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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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Wednesday, 11 April 18
CHINA UTILITIES PLAN NEW COAL IMPORT PRICE INDEX TO CURB VOLATILITY - REUTERS
China’s major utilities are preparing to launch their own coal price index for imports, an official at China Huaneng Group said, in a move th ...
Wednesday, 11 April 18
US-CHINA TARIFF THREATS RAISE GLOBAL TRADE RISKS - FITCH
Escalating tariff proposals by the U.S. and Chinese governments are increasing the risks of a full-blown trade war, says Fitch Ratings. The most li ...
Tuesday, 10 April 18
BUMA GRANTED ADDITIONAL LOAN FACILITY FROM BTMU TO SUPPORT GROWTH
Press Release: PT Delta Dunia Makmur Tbk. is pleased to announce that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), signed an a ...
Monday, 09 April 18
APRIL INDONESIAN COAL PRICE REFERENCE DROPS TO LOWEST IN 2018
COALspot.com: According to latest ministerial decree, the Indonesian Coal Price Reference (HBA) decline 6.98 per cent in April 2018 compared to Mar ...
Friday, 06 April 18
TOP MINER BHP QUITS WORLD COAL ASSOCIATION OVER CLIMATE CLASH - BLOOMBERG
BHP Billiton Ltd. has severed ties with the World Coal Association over a clash of views on how to combat climate change, with the mining giant say ...
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