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Wednesday, 12 February 20
COAL INDIA WILL EXCEED LAST YEAR'S PRODUCTION FIGURES: OFFICIAL - PTI
 Despite coal production being hampered at Dipka mines due to prolonged rains, Coal India Ltd will exceed last year’s production figures, a top coal ministry official said here on Tuesday. In 2018-19, Coal India produced 606.89 million tonnes (MT),while dispatch was at 608.14 MT.
“Coal India’s production was nearly minus 8 per cent till October. So in the last few months the coal production has caught up. Now it has just minus 3.5 percent. And it will go on to be plus at the end of the year. It is going to be healthy percentage over last year’s (figures),” Secretary of Coal Ministry, Anil Kumar Jain told PTI on the sidelines of Energise 2020 a biennial conclave.
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CIL, which accounts for over 80 per cent of the domestic production, saw its output decline by six per cent to 241 MT in April-September on account of monsoon.
“In fact it would be the highest ever in the country,” Jain added. Replying to a query on the spinning of Coal India Ltd subsidiaries into five entities, Jain said though there were some discussions held earlier in that direction, there is no fresh development. “At the moment that is the decision (Coal India remains as it is),” he said.
On the overall coal scenario in the country, the official said the production this year will exceed that of last year, though there was some impact due to rains, by the end of the current fiscal it will be covered up.
“So we will be exceeding the last year production numbers with a healthy surplus. There has been a setback because one of the largest mines and the largest mine in Asia Deepika that has been flooded. So that has impacted the production. But the coal scenario is very healthy in the country. Stocks at the power plants and mines are much higher than the same period last year,” he explained.
In September, a non-perennial, seasonal river Lilagarh breached its embankment and flooded the lower benches of Dipka opencast mine of SECL (South Eastern Coalfields), one of the largest open cast mines of CIL with a production capacity of 35 MT per annum.
Source: PTI
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Wednesday, 25 March 20
CORONAVIRUS CRISIS IS CRUSHING GLOBAL GDP GROWTH - FITCH RATINGS
The coronavirus crisis is crushing global GDP growth according to Fitch Ratings in its latest quarterly “Global Economic Outlook” (GEO) ...
Wednesday, 25 March 20
MARKET INSIGHT - INTERMODAL
There is no doubt that the Covid-19 pandemic crisis is a world-shattering event that will change the world as we know it. Societies are facing chal ...
Wednesday, 25 March 20
INDONESIA TO CANCEL RULES REQUIRING DOMESTIC SHIPS FOR COAL, PALM EXPORTS : REFINITIV
Indonesia's government will revoke rules requiring exporters of coal and palm oil to use domestic shipping companies for shipments, Coordinatin ...
Wednesday, 25 March 20
JAN-FEB 2020, INDONESIA SHIPPED 64.5 MLN TONNES OF COAL, UP +3.4% YOY - BANCHERO COSTA
In the 12 months of calendar 2019, Indonesia exported 386.4 mln tonnes of coal, according to vessel tracking data from Refinitiv. This represents a ...
Tuesday, 24 March 20
MARKET ANALYSIS - ALLIED
As countries around the world struggle to take back control of the ongoing COVID-19 pandemic the global economy shuts down bit by bit, leaving only ...
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- Electricity Authority, New Zealand
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- Ministry of Mines - Canada
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- Directorate General of MIneral and Coal - Indonesia
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- Intertek Mineral Services - Indonesia
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- Globalindo Alam Lestari - Indonesia
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- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
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- Neyveli Lignite Corporation Ltd, - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
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- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
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- Videocon Industries ltd - India
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- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
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- Eastern Coal Council - USA
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
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- Siam City Cement - Thailand
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- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Economic Council, Georgia
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- Minerals Council of Australia
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- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
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- Australian Coal Association
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- New Zealand Coal & Carbon
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- Bangladesh Power Developement Board
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