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Thursday, 17 December 09
CIL TO IMPORT 4 MILLION TONNES COAL FOR NTPC
The country's largest coal miner Coal India Ltd (CIL) will import 4 million tonnes of coal for state-run power company NTPC.
"Earlier, there were no takers for the imported coal. Now NTPC has asked us to import 4 million tonnes of coal for their utilities," Coal India Chairman P S Bhattacharyya told reporters here.
However, the coal major said, it is yet to receive a formal letter from NTPC in this regard. "The company is expected to write to us regarding the same soon," he said.
CIL had set a target to import 4 million tonnes of coal for the current fiscal. However, earlier this week, it had set that it may not be shipping any coal in the country as its domestic output would be enough to meet the local demand.
NTPC requires 150 million tonnes of coal during the current financial year to fire its power plants and it plans to import 12.5 million tonnes of the dry fuel from overseas.
Further, Bhattacharyya said a policy of washing coal should be approved to reduce the ash content of the dry fuel and reduce the price gap in comparison to international coal.
"Policy of washing coal should be approved. If more coal is washed here, there would be lesser gap between domestic and international coal prices," he said.
CIL's coal prices are in the range of Rs 448-Rs 2,500 per tonne, up to 50 per cent less than international rates, he said.
Source: Newsx
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Friday, 04 December 09
CHINA'S COAL IMPORTS PREDICTED TO DECLINE IN 2010
China's eye-catching coal import figure s are unlikely to extend into 2010 given the predicted narrow-down of the coal price spread between the hom ...
Friday, 04 December 09
SUBHASH PROJECTS BEGINS MINING AT INDONESIAN COAL BLOCK
Kolkata-based infrastructure company Subhash Projects and Marketing (SPML) has begun mining at its coal block in Indonesia and will begin despatchin ...
Friday, 04 December 09
DRY BULK MARKET IS ON THE RISE AGAIN
Proving rather resilient, compared to previous behaviors, the dry bulk market has been on a rebound mode once again, after a two-week fall, which su ...
Friday, 04 December 09
INDONESIA'S BUMI EYES MARKETING DEAL FOR BERAU COAL
Reuters reported that, Indonesian coal miner PT Bumi Resources Tbk said on Thursday it is in talks to be the exclusive marketing agent for coal prod ...
Friday, 04 December 09
KALIMANTAN GOLD AGREES TO SELL IBP COAL CONCESSION
COALspot.com ( Press Release): Kalimantan Gold Corporation Limited ("KLG" or the "Company"), which undertook drilling and had an ...
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- MS Steel International - UAE
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- Interocean Group of Companies - India
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- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
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- Australian Commodity Traders Exchange
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- Altura Mining Limited, Indonesia
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- Planning Commission, India
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- Alfred C Toepfer International GmbH - Germany
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- Eastern Coal Council - USA
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Intertek Mineral Services - Indonesia
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- CNBM International Corporation - China
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- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
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- Sojitz Corporation - Japan
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- Sindya Power Generating Company Private Ltd
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