India is buying more U.S. coking coal after disruptions in top supplier Australia, and as U.S. miners seek new markets due to declining demand from America’s steel industry, an executive at Xcoal Energy & Resources India said on Monday.
An Australian state government leader has intervened to fast-track a proposed coal mine days after voters rejected tougher action to curb greenhouse gas emissions in a federal election.
A surprise election victory for Australia’s pro-coal ruling coalition may bode well for the Adani Group’s long-delayed mega coal mine project, with the Group’s country head saying the defeat of Labor Party in Queensland, where the project is based, is a clear message to get the project done.
Indian energy giant Adani has urged the Australian government to give its controversial coal mine project “a fair go” and indicated that the opposition party would not derail the proposed billion dollar project if it comes to power.
The government Wednesday approved signing of a pact between India and Australia on mines safety. The approval was given by the Union Cabinet, chaired by Prime Minister Narendra Modi.
Some global insurance companies have decided against providing cover to Adani Mining’s Carmichael project in Australia. According to a report in Asia Insurance Post, an insurance journal, the five reinsurers are AXA
India’s Adani Enterprises on Friday urged the government of Australia’s Queensland state to approve a management plan that would allow construction to start at its controversial Carmichael coal mine.
India’s Adani Enterprises will fully fund its controversial Carmichael coal mine and rail project in Australia, Adani Mining Chief Executive Lucas Dow said on Thursday, according to a statement from the group.
Plans to import liquefied natural gas (LNG) to Australia, the world’s second largest LNG exporter, could help cap soaring local gas prices, although the economics might not work, the Australian government said on Monday.
ExxonMobil Corp, southeastern Australia’s biggest gas supplier, is considering importing liquefied natural gas (LNG) to help plug a looming gas shortage from 2021 and protect its market share.