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Coal India approves record 32 mining projects at Rs 47K cr

Scripting a record high, Coal India Limited (CIL) has approved 32 coal mining projects in the current fiscal till January 2021, which indicate an estimated incremental capital of around Rs 47,300 crore.

Mining market scenario

The upcoming mining reforms are expected to drive the demand for advanced mining equipment technologies and solutions.

Commercial coal mining can reduce coal import: CRISIL

The government’s move to open up commercial coal mining can halve the annual expenditure incurred on importing non-coking coal because of substitution through domestic production.

Commercial coal mining can reduce coal import: CRISIL

The government’s move to open up commercial coal mining can halve the annual expenditure incurred on importing non-coking coal.

Privatisation of coal mining

India's coal demand-supply balance still remains tilted in favour of coal imports as the state-run miners, Coal India and the Singareni Collieries Company have been unable to entirely meet India's coal demand, especially for higher grade thermal coal/washed coal and coking coal.

Commercial coal mining to improve efficiency

The Union Government?s recent move to allow the private sector to commercially mine coal will boost both production and mining efficiency, according to CRISIL. Substitution of imported non-coking coal with domestic production could save roughly Rs 30,000 crore of coal imports, CRISIL estimates.

Coal import decline to impact port players

The rating firm ICRA has cautioned against the continuing decline in coal imports that may impact long term returns for port players with high concentration of coal cargo.

Coal output records 1.6percent growth

The production of raw coal in the country during April-November of 2016-17 was 391.10 Mte compared to 385.11 Mte during the corresponding period of previous year, an overall growth of 1.6 per cent. The Coal Ministry has given special focus to decrease coal imports in the country.

Government should fast-track the procurement

After a lull in the past three years, mining, especially coal, is set to show significant growth in the next few years. Coal India (CIL) is doing its best to increase coal production quickly, from the current 568 million tonne per annum (mtpa) to 927 mtpa by 2020.

Argentinean power plant operator opts for TPS crane

The Argentinian power plant operator AES Argentina Generacion S.A. (AES) has ordered a Terex Gottwald Model 2 portal harbour crane in the G HSK 2224 variant from Terex Port Solutions. From the end of 2016, AES will use the cargo handling machine in its 1,540 MW power plant in San Nicol?s de los Arroyos to unload coal imported from Colombia and South Africa.

A Game Changer

With Krishnapatnam Port soon becoming the hub for industrialisation in the region, coal imports are surging with an expectation to hit 100 mtpa in the next 10 years. Krishnapatnama Port Company Ltd (KPCL) has always been a step ahead of the demand by increasing its port capacity and operational efficiency.

Mining as a Demand Puller

India is well endowed in terms of most minerals and the country?s mining sector has great potential. While demand for commodities has been strong, supply has been constrained. This has resulted in increased import.

MMTC is the sole bidder for CIL coal import contract

Coal India Ltd intends to import coal for meeting its supply obligation to the power sector. The coal giant has invited expression of interest in this regard. So far, only MMTC has shown interest in the coal import contract.

Government should fast-track the land acquisition process

Gmmco, well supported by Caterpillar, is the one-stop shop for mining equipment and solutions. We offer the complete range of Cat surface and underground mining machines

Getting ready for the upturn

In spite of the unfavourable market dynamics, most of the OEMs have adopted innovative strategies to sustain themselves while keeping an eye on the coming boom. Innovative strategies are developed to retain existing customers

Streamlining the mining process

The year that went by - in fact, the last two years - put the country?s mining sector through one of its toughest tests. The Supreme Court ban on iron ore mining in Karnataka in 2011 and in Goa in 2012, alongside the Coalgate scams and environmental restrictions severely impacted this sector, and led to a considerable dent in the growth of the CE sector during this period.

Panel on surplus coal usage to submit report soon

By the end of this month, the panel headed by BK Chaturvedi to look into the possibility of utilisation of surplus coal from captive mines by power utilities, will submit its report to the Union Coal Ministry. The panel is looking at utilising surplus coal by creating a bank or a common pool that will supply the fuel to the power utilities.

CIL may start coal imports by September end

Government-owned Coal India (CIL) would seek advance payment from its customers for its coal supplies, which it is going to be imported. And for its maiden coal import, the CIL may float a tender by September end. Sources in CIL said that a series of meetings with power producers and trading firms has taken place.

CIL may start coal imports by September end

Government-owned Coal India (CIL) would seek advance payment from its customers for its coal supplies, which it is going to be imported. And for its maiden coal import, the CIL may float a tender by September end. Sources in CIL said that a series of meetings with power producers and trading firms has taken place.

India may pip China in coal import volume

India, which is presently the second largest importer of coal, may pip China to become the largest importer of the commodity in the next 3-5 years. This was predicted by James O?Connell, Editor-in-Chief for coal in Platts McGraw Hill Financial. O?Connell said Indonesia is likely to remain one of the top exporters of the com

CIL meets over 90% of its supply commitment: Govt

The Union Minister of State for Coal Pratik PrakashBapu Patil has recently said in the Rajya Sabha that the Coal India (CIL) has been meeting more than 90 per cent of its supply commitment as against the annual plan target finalised by the Ministry of Coal/Planning Commission. The gap between demand and supply of coal in the country is to be met through coal imports, he added.

India's import of steel scrap, coal set to rise

Some analysts expect import of steel scrap and coal to rise because of shortage in the domestic availability of iron ore and coal. Decline in domestic iron ore production on the back of ban on mining in Karnataka and Goa prompted consumers of ore to import steel scrap from abroad. Some reports suggest that India's import of metal scrap almost doubled from $7 billion in 2009-10 to $13 billion in 2012-

Govt to rope in firm for sampling imported coal

Unconfirmed reports indicate that the union government plans to invite bids from companies for monitoring quality of coal imported by domestic power plants. It may be recalled that domestic power plants complain about the poor quality of coal being imported from abroad as it leads to rise in carbon emission and also

Coal importers evade duty via false classification

The Directorate of Revenue Intelligence (DRI) in Gujarat detected around Rs 600 crore of import duty evasion by coal importers by falsely classifying coal in 2012-13. These coal importers have allegedly evaded duty by reporting bituminous coal imports as steam coal. Earlier, the government waived customs duty on steam coal and imposed only a concessional countervailing duty (CVD

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