A subsidiary of European steel giantArcelorMittal has agreed to pay $1.5 million to settle a lawsuit over allegations that its western Pennsylvania coke plant had violated emissions requirements over soot and other pollutants almost daily
Availability of coal stocks with the country’s thermal power plants is expected to normalise to a large extent by mid-January as state-owned Coal India Ltd (CIL) has been able to step up production and debottleneck its supply network to a large extent after freeing up the railway rakes.
The government today said state-owned Coal India is hunting potential avenues for buying stakes in coking coal blocks overseas.
India’s coal demand is expected to grow at about 4% a year up to 2022 as thermal power plants generate more to meet strong demand, analysts say. However, imports are expected to fall, except for coking coal which is projected to rise 5% a year.
The Board of Coal India at its meeting held on 19 December 2017 has approved the introduction of Evacuation Facility Charges @ Rs 50 per tonne for despatch of coal on all despatches except despatch through rapid loading arrangement. This will come into force with immediate effect.
India’s coal demand is expected to grow at about 4% a year up to 2022 as thermal power plants generate more to meet strong demand, analysts say.
India’s infrastructure major Adani Group had announced yesterday that it has cancelled a $2.6 billion dollar contract with Australian mining services company Downer, just days after the Queensland government vetoed a concessional loan to the company for Carmichael coal mine.
Britain led calls for an end to coal-fired power generation at United Nations climate talks in Bonn last month but at the same time British companies are active in coal projects around the world, often with government help.
India’s Adani said on Monday it had cancel Led plans with Downer EDI Ltd to help develop and run its Carmichael coal mine in Australia after failing to secure a cheap government loan for the A$16.5 billion (US$13 billion) project.
V K Saraswat, member of NITI Aayog and former chief of DRDO, said that the Centre is promoting coal gasification to convert high ash coal into methanol to use it as cooking gas with an aim to cut down india’s dependence on West Asian countries for LPG imports.