U.S. coal miners are almost certainly cheering the sharp rise in exports of their product, but their good fortune is mainly the result of Chinese domestic policies that have driven up global prices for the polluting fuel.
Teck Resources Ltd is interested in expanding its sales of steelmaking coal to India, company officials said on Thursday, as the Canadian miner reported quarterly earnings that beat market expectations, lifting its shares.
Coal India has asked five of its seven subsidiaries to keep aside a total of 40 million tonnes of coal for auction to independent power producers under the Shakti scheme. South Eastern Coalfields and Central Coalfields will supply 12 million tonnes each, while Northern Coalfields will provide 4 million tonnes; Mahanadi Coalfields 9 million tonnes and Western Coalfields […]
U.S. coal exports have jumped more than 60 percent this year due to soaring demand from Europe and Asia, according to a Reuters review of government data
Union minister of Power, Coal and Mines Piyush Goyal on Thursday Informed The Parliament About SHAKTI – The Policy On Transparent Coal Allocations
coal imports has been declining over the last three years. During 2014-15 India imported 217.78 million tonnes of coal which declined to 203.95 million tonnes in 2015-16 and further to 190.95 million tonnes in 2016-17.
The trend of fall in import of coal continued unabated in 2017-18 and during April-June 2017-18, 52.74 million tonnes of coal was imported against 57.38 million tonnes in the corresponding previous period registering a 8.1% fall, Union Minister Piyush Goyal said citing figures of the Directorate General of Commercial Intelligence & Statistics.
Provident fund accounts of 3.47 lakh coal mine workers, roughly 96 per cent of the total workforce, have been linked to Aadhaar.
Coal India has asked five of its seven subsidiaries to keep aside a total of 40 million tonnes of coal for auction to independent power producers under the Shakti scheme.
India’s dependence on coal will continue even after three decades from now with an estimated share of 42-50 per cent of the country’s energy mix, said a report.
Coal would remain at the centre stage in India with its share in energy mix not declining below 46% in 2047, claimed a report titled ‘Energising India