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Thursday, 07 May 20
CIL'S SUPPLY TO POWER SECTOR FALLS IN MARCH AMID SLUMP IN COAL DEMAND - PTI
 The supply of coal to the power sector by state-owned CIL registered a decline of eight per cent to 42.30 million tonne in March in the wake of slump in the fuel demand due to lockdown. CIL dispatched 45.84 million tonne (MT) of coal in the corresponding month of 2018-19, the coal ministry said in its latest report to the Cabinet.
In 2019-20, the supply of fuel by Coal India Ltd (CIL) to the power sector dropped by six per cent to 463 MT as compared to 491.5 MT in 2018-19.
CIL, the world’s largest coal producing company, is a major supplier of the dry fuel to the power sector in India.
The coal supply by state-owned Singareni Collieries Company Ltd (SCCL) to the power sector also dropped by 19 per cent to 4.35 MT in March, over 5.35 MT in the year-ago period.
In 2019-20, SCCL dispatched 52.95 MT of coal as compared to 55.38 MT in the previous fiscal, registering a decline of 4.4 per cent.
With the power sector, a major consumer of the dry fuel, witnessing almost 30 per cent drop in fuel consumption amid the lockdown, CIL has shifted its focus to overburden removal — the process of removing the top soil and rock to expose coal seams in its open cast mines.
The enhancement in overburden removal will enable CIL to accelerate production whenever the demand picks up and coal can be supplied to its customers at short notice.
Over 95 per cent of CIL’s production comes from its 171 open cast mines.
The PSU removed 114.43 million cubic metres of overburden in its open cast mines in April 2020, as compared to 104.22 million cubic metres during the same period last year, registering an increase of 9.7 per cent.
A Central Electricity Authority (CEA) report said that as on April 30, 2020, there were 50.89 MT of coal stocked up at the power houses in India, enough to last for 31 days.
CIL itself has a pit-head stock of about 76 MT as on April 30.
The PSU is in regular touch with its customers, especially in the southern states, and is pursuing them to increase the intake of domestic coal as a substitute for imported coal.
CIL, which accounts for over 80 per cent of domestic coal output, is eyeing one billion tonne of production by 2023-24.
Source: PTI
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Sunday, 23 February 20
SHIPPING INDUSTRY FACES $370 MILLION HIT FROM NEW PANAMA CANAL CHARGE - REUTERS
A new “freshwater” charge that came in this month to help the Panama Canal cope with climate change will cost the shipping industry up ...
Sunday, 23 February 20
A 57,000DWT SHIP FIXING DELIVERY SOUTH KALIMANTAN TRIP, REDELIVERY CJK, AT $7,600 - BALTIC BRIEFING
Capesize
The Capesize market found little to cheer about this week as it again endured remarkable lows. The Atlantic continued to improve, with ...
Saturday, 22 February 20
THE SURPRISING MOVE IN MARINE FUEL SPREADS - ING
Middle distillates tank
One of the biggest surprises since the implementation of new International Maritime Organization (IMO) sulphur regulati ...
Friday, 21 February 20
CAPE: AVERAGE NOMINAL DAILY EARNINGS STILL ADMITTEDLY UNCHANGED W-O-W AT BELOW US$3000 - FEARNLEYS
CAPE
The worst may just about be over for the big ships. Average nominal daily earnings still admittedly unchanged w-o-w at below US$3k, but sent ...
Friday, 21 February 20
INDIA: POTENTIAL INVESTORS SEEK MORE CLARITY ON COMMERCIAL COAL MINING NORMS - FINANCIAL EXPRESS
Potential private investors have sought more clarity on the pricing mechanism proposed for the much-anticipated auction for commercial coal mining. ...
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- Samtan Co., Ltd - South Korea
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- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Carbofer General Trading SA - India
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- Semirara Mining and Power Corporation, Philippines
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- Orica Mining Services - Indonesia
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- MS Steel International - UAE
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- Ministry of Finance - Indonesia
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- Global Green Power PLC Corporation, Philippines
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- Economic Council, Georgia
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- Thiess Contractors Indonesia
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- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
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- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
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- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
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- Larsen & Toubro Limited - India
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- Latin American Coal - Colombia
- Trasteel International SA, Italy
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- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
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- Banpu Public Company Limited - Thailand
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
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- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
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- New Zealand Coal & Carbon
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- Marubeni Corporation - India
- Parry Sugars Refinery, India
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- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
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- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Central Electricity Authority - India
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- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
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- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
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- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
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- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
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- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
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- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
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- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- The University of Queensland
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
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- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
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- Thai Mozambique Logistica
- Singapore Mercantile Exchange
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- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
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- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
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- The State Trading Corporation of India Ltd
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- Commonwealth Bank - Australia
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- Merrill Lynch Commodities Europe
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