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Friday, 07 February 20
CIL LOOKING TO TAP NON-POWER SECTORS FOR INCREMENTAL COAL, PTI REPORTED
Coal and ExcavatorThe miner is looking to ramp up production to meet its targets for the current fiscal at a time when the economic slowdown is impacting demand for the dry fuel by power plants, Press Trust of India reported.
 
According to PTI, mining major Coal India Ltd is keen to tap non-power consumers to feed its incremental production post the monsoon period, a senior company official has said.
 
The miner is looking to ramp up production to meet its targets for the current fiscal at a time when the economic slowdown is impacting demand for the dry fuel by power plants.
 
“CIL is eyeing non-power consumers for incremental coal, as the slowdown has resulted in lower electricity demand. We are also offering some relaxation in payments and evacuation to encourage better lifting of coal,” the official told PTI.
 
Press Trust of India further noted that, Coal despatch to the power sector in the first nine months of the current fiscal was down by 8.1 per cent at 334.27 million tonnes as against the figure in the corresponding period a year ago.
 
In December 2019 alone, the decline was close to 2 per cent, officials said.
 
Coal alloted for spot e-auction, however, was 5.07 million tonnes in December, nearly a 50-per cent jump over the same month a year ago.
 
The miner is banking on sectors like cement and sponge iron for incremental coal.
 
Coal India had set a production target of 660 million tonnes for 2019-20, but company officials said the figure is likely to be in the range of 625-635 million tonnes said Press Trust of India in its latest report.


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Saturday, 18 January 20
GERMAN STEAM COAL IMPORTS IN 2019 PLUMMETED BY 17 % - COAL IMPORTERS ASSOCIATION
Press Release: According to preliminary calculations by the German Coal Importers Association (Verein der Kohlenimporteure e. V.), world trade in h ...


Saturday, 18 January 20
A 61,400 DWT FIXED FROM SOUTH EAST ASIA DELIVERY EAST KALIMANTAN REDELIVERY WEST COAST INDIA IN THE LOW $7,000S - BALTIC BRIEFING
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Friday, 17 January 20
EIA ESTIMATES THAT U.S. COAL PRODUCTION DECLINED BY 65 MMST (9%) TO 690 MMST IN 2019. IN 2020, COAL PRODUCTION WILL DECLINE BY A FURTHER 14% TO 597 MMST
U.S. Coal Supply.  EIA estimates that U.S. coal production declined by 65 million short tons (MMst) (9%) to 690 MMst in 2019. In 2020, EIA ...


Friday, 17 January 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.   The Bohai-Rim Steam-Coal Price Index, a gauge of coal p ...


Thursday, 16 January 20
SUPRAMAX: INDO/CHINA ROUND VOYAGE FIXING AROUND LOW/MID USD 6,000 BSS APS INDO - FEARNLEYS
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