CIL to offer 60-70 million tonnes coal in spot & forward auctions

CIL to offer 60-70 million tonnes coal in spot & forward auctions

Coal India will offer 60-70 million tonnes (MT) of coal in spot and forward auction markets this year. Despite being a little lower than last year’s offerings, premiums on auctions are expected to remain soft as the company has decided to increase contracted supplies and international coal prices have started to soften.

Adani’s coal hopes look increasingly isolated as BHP joins naysayers

Adani’s coal hopes look increasingly isolated as BHP joins naysayers

How’s this for a study in contrasts: One of the world’s biggest coal miners effectively says the industry is dying just days after Australia’s opposition party suffered a shock election loss, partly blamed on its failure to unambiguously back a new coal mine.GOOD MORNING INDIA!

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Coal India on Rs 10,000 crore equipment buying spree

Coal India on Rs 10,000 crore equipment buying spree

Coal India has embarked upon a Rs 10,000 crore shopping spree for latest highcapacity mining equipment as it aims to meet a target of producing 660 million tonnes of black diamond in 2019-20, a move that will require raising annual output by 8-9% in the current fiscal.