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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.

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.

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