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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, 27 November 09
EXXARO SEES HIGH COAL DEMAND RAISING PRICES
Reuters reported that, South African diversified miner Exxaro Resources said on Thursday it expected coal prices to rise to between $70 and $75 per ...
Friday, 27 November 09
CENTENNIAL SAYS ENERGY-COAL PRICE TO RISE AS CHINA SEEKS FUEL
Bloomberg reported that, Centennial Coal Co., an Australian producer of the fuel, said contract prices are expected to rise in 2010, with Chinese co ...
Friday, 27 November 09
IN FIRST-10-MONTH OF 2009 COAL IMPORTS IN GUANGXI-FANGCHENG EXCEEDED FULL-2008 IMPORTS
According to Customs statistics, during the January-October, Fangcheng port accumulatively imported 3.676mln tons valuing U.S.$370, rising by 53.8% ...
Thursday, 26 November 09
CHINA'S COAL IMPORTS TO RISE BY 170 PERCENT IN 2009
According to the statistics released by China's General Administration of Customs on November 23, China's coal imports for October totaled 11.1 mi ...
Thursday, 26 November 09
CIL EYES OVERSEAS ACQUISITIONS TO BRIDGE SUPPLY GAP
Coal Minister Sriprakash Jaiswal on Wednesday said that state-run coal major Coal India is looking to acquire coal blocks in the US and
othe ...
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- Makarim & Taira - Indonesia
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- Essar Steel Hazira Ltd - India
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- Coalindo Energy - Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
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- Indian Oil Corporation Limited
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- Metalloyd Limited - United Kingdom
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- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
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- Salva Resources Pvt Ltd - India
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- GMR Energy Limited - India
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
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- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
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- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
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- Sinarmas Energy and Mining - Indonesia
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- Bhoruka Overseas - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
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- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
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