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Tuesday, 12 May 20
INDIA'S COAL PRODUCTION TO CLOCK RECORD 700 MILLION TONNES IN FY21: COAL SECRETARY - PTI
 Coal Secretary Anil Jain said FY20 coal production was lower than the target of 660 million tonnes because of flooding of a key coal mine.
India will produce a record 700 million tonnes of coal in the current fiscal ending March 2021, helping cut down on imports, Coal Secretary Anil Jain said.
India produced 602.14 million tonnes of coal in 2019-20 fiscal, marginally lower than 606 million tonnes output in the previous year.
“We are on track to producing 700 million tonnes of coal in 2020-21 fiscal,” Jain told PTI in an interview.
This record output will help stop most of substitutable coal imports, he said.
India imports 235 million tonnes of coal annually. About half of this is non-substitutable as they are tied to the power plant or user factories, but the rest can be cut down, he said.
“We will able to cut substitutable coal imports with this rise in production,” he said.
Prime Minister Narendra Modi has set a target to expand the country’s economy to USD 5 trillion by 2024, from USD 2.9 trillion currently, and reducing energy imports and harnessing domestic resources are key to meeting that goal.
To meet the import reduction goal, state miner Coal India Ltd is targeting to raise its annual output to 1 billion tonnes by fiscal year 2024.
Jain said FY20 coal production was lower than the target of 660 million tonnes because of flooding of a key coal mine.
Power plants, which are key coal users, have stocks as high as 30-days due to the coronavirus lockdown, he said.
The lockdown shut factories and offices, slashing electricity demand by about a quarter, thus affecting the use of coal and causing inventories to swell to record levels.
Coal India Ltd has stocked up a record 75 million tonnes at its mines while power station inventories have surged to 44.7 million tonnes, the highest in data going back to 2008.
The combined inventories are more than the two-month average of production at Coal India last fiscal.
The demand for coal, he said, will pick up again after the lockdown is lifted. Jain said coal production in April was about 40 million tonnes, down from 45 million tonnes a year back.
Coal’s share in India’s electricity generation is estimated to come down to 50 per cent by 2030 from about 72 per cent now.
Source: PTI
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Tuesday, 12 May 20
A GLOBAL ECONOMIC RESTART HAS SLOWLY BEGUN AS COUNTRIES AROUND THE WORLD GRADUALLY - ALLIED
A global economic restart has slowly begun as countries around the world gradually set their return back to “normality”. Yet by all mea ...
Tuesday, 12 May 20
CAN INDONESIA'S COAL INDUSTRY SURVIVE COVID-19? : IEEFA
Pandemic Lockdown and Slumping Prices Put Extreme Pressure on Coal Miners
Executive Summary
While attention has been focused on th ...
Monday, 11 May 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Monday, 11 May 20
CORONAVIRUS PUTS MORE THAN A THIRD OF SEABORNE COAL SUPPLY AT RISK - WOOD MACKENZIE
The full impact of the coronavirus outbreak on the global economy is yet unclear. However, the demand destruction is already becoming evident, with ...
Saturday, 09 May 20
ANGLO AMERICAN CONSIDERS SPINNING OFF SOUTH AFRICAN COAL OPERATIONS - REUTERS
Diversified miner Anglo American said on Thursday it prefers unbundling and listing its thermal coal operations in South Africa on the Johannesburg ...
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- The University of Queensland
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
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- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
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- SMC Global Power, Philippines
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- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
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- Meenaskhi Energy Private Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
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- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
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- Gujarat Electricity Regulatory Commission - India
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- Sical Logistics Limited - India
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- Kepco SPC Power Corporation, Philippines
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- Ministry of Transport, Egypt
- Xindia Steels Limited - India
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- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
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- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
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- Straits Asia Resources Limited - Singapore
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- Energy Development Corp, Philippines
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- Cement Manufacturers Association - India
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- Bangladesh Power Developement Board
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- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Marubeni Corporation - India
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- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
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- Power Finance Corporation Ltd., India
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- Thai Mozambique Logistica
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- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
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- Energy Link Ltd, New Zealand
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- India Bulls Power Limited - India
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- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
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- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
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- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
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- Economic Council, Georgia
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- Metalloyd Limited - United Kingdom
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- Renaissance Capital - South Africa
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- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
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- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
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