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  • FOR 2020, FORECASTS HAVE GONE FROM A 12 MILLION TONS PRE-COVID DEFICIT TO A 56 MILLION TONS POST-COVID SURPLUS IN INTERNATIONAL STEAM COAL SUPPLY, MAINLY DUE TO LOWER IMPORTS IN CHINA AND INDIA - ASSOCARBONI
  • SEABORNE WORLD COAL TRADE CLOSED 2019 POSITIVELY WITH A 2% ANNUAL GROWTH AND CONFIRMING A GROWING TREND LEADING TO A 50% INCREASE IN VOLUMES IN 10 YEARS - ASSOCARBONI
  • EUROPE GENERATES ELECTRICITY MAINLY FROM COAL (18,2%) AND FROM NUCLEAR (25,5%), CUTTING THE COSTS OF ELECTRICITY BILLS BY AN AVERAGE 30% - ASSOCARBONI
  • COAL CONFIRMED ITS LEADERSHIP AS LEADING FUEL FOR ELECTRICITY GENERATION ALSO IN 2019, ACCOUNTING FOR 38% OF OVERALL PRODUCTION AND CLOSING 2019 WITH A 2% INCREASE IN SEABORNE COAL TRADE (1.290 MILLION TONS) - ASSOCARBONI
  • VIETNAM, INDIA, CHINA AND PHILIPPINES ARE THE COUNTRIES THAT CONTRIBUTED THE MOST TO THE GROWTH IN COAL VOLUMES DURING 2019, ACHIEVING RECORD RESULTS IN TERMS OF IMPORT - ASSOCARBONI
  • FOR 2021 EXPECTED AN INCREASE IN SEABORNE COAL TRADE, DRIVEN BY IMPORTS OF NEW EMERGING ASIAN ECONOMIES INCLUDING PAKISTAN, BANGLADESH, PHILIPPINES, MALAYSIA AND VIETNAM - ASSOCARBONI
  • CONFIRMED THE GROWTH TREND THAT IN THE LAST TEN YEARS HAS LED TO A 50% INCREASE IN THE COAL MARKETED VOLUMES - ASSOCARBONI
  • AUGUST 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 50.34 A TON

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Friday, 24 April 20
COAL INDIA TO PRODUCE 710 MT COAL - MINISTER OF COAL AND MINES
Coal Index LogoCoal India Limited (CIL) will produce 710 million tonnes (MT) of coal and company’s coal off take target will also remain at710 MT for this fiscal. Union Minister of Coal and Mines Shri Pralhad Joshi set these targets for the state-run company while reviewing its performance through video conference on 22 April 2020.
 
According to the press release posted on company’s website, Shri Pralhad Joshi said “The demand of coal will pick up again after coronavirus lockdown, so I have directed CIL to keep the production and off take targets at 710 MT for financial year 2020-21 in line with its goal to achieve 1 billion tonne coal production by year2023-24.”
 
Union Coal and Mines Minister stressed upon consistency in coal production throughout the year and instructed CIL management to make all necessary preparations so that production doesn’t get affected even during monsoon season. He asked CIL authorities to provide quality coal to all consumers and make sure that sufficient coal is available at power plant during the year.
 
The press release further noted that, the company’s Over Burden (OB) removal target for financial year 2020-21 was set in the meeting at 1580 million cubic meters in alignment with its 1 BT plans. OB removal refers to the removal of top soil to expose the coal seams making them ready for mining.
 
“I am proud of our Coal Warriors who are toiling day and night to keep the lights on even during Corona Pandemic and hopeful that CIL will achieve all assigned targets on or before time. Government will extend all possible support to get the targets accomplished.” Shri Pralhad Joshi added.
 
The Minister further asked CIL management to approach the companies presently importing coal to cater their demand and advised to chalk out a detailed plan to substitute the import of coal.


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