Page 27 - Coal Industry

Scott Morrison says China would breach WTO rules if it bans Australian coal

Australia's prime minister said Tuesday that China would be in breach of World Trade Organization rules as well as a bilateral free trade agreement if it banned Australian coal. Prime Minister Scott Morrison was responding to a report in the Chinese state-owned Global Times newspaper that the Chinese National Development and Reform Commission had given power plants approval to import coal without restrictions except for Australian coal. Morrison said he was treating the report as media speculation because the Chinese government had yet to clarify its position. If that were the case, then that would obviously be in breach of WTO rules, Morrison told reporters. It would be obviously in breach of our on free trade agreement and so we would hope that's certainly not the case." Coal and iron ore are Australia's most lucrative exports. But Australian exports appear to have suffered due to deteriorating bilateral relations since Australia called for an independent inquiry into the ...

Will pursue all avenues to defend businesses: Australia on China coal curbs

Australia's Trade Minister Simon Birmingham said he would pursue all avenues to defend the rights of the country's businesses after Chinese media reported China had banned imports of Australian coal

India plans to allow relinquished coal-fired plants to sell power

India's power ministry proposes letting coal-fired power plants keep selling power after completing their agreements with buyers, despite national promises to close old plants to curb pollution

India sees consecutive year-on-year decline in coal funding: Report

The report finds a 126 per cent drop in funding from the commercial banks to coal compared to 2018

Best of BS Opinion: Beyond a seat at UN high table, mining watchdog & more

Here's a selection of Business Standard opinion pieces for the day

Mining watchdog

Independent regulator for coal and other minerals is overdue

We are open to a coal regulator, says Coal Minister Pralhad Joshi

In an interview with Shreya Jai & Jyoti Mukul, Union Minister of Coal, Mines and Parliamentary Affairs Pralhad Joshi argues why coal production cannot be sacrificed at the altar of environment

Siemens Energy exits coal; India entity not to see much impact in business

Company, which is part of Siemens Ltd, said it would discontinue support for development of new coal- fired power plants.

Last day of coal auction closes with record bid of 66.75% revenue share

This was from Sarda Energy & Minerals Ltd, which bagged the Gare Palma-IV/7 coal mine in Chhattisgarh

Coal India sees a 3x surge in October e-auction volumes at 17 mn tonnes

The company said the spike is due to increased demand from the power sector and several unstructured coal buyers

JSPL wins back Gare Palma-IV/1 mine on day three of coal auctions

The second and final round of e-auction started on Monday and 12 mines have been offered so far.

Coal imports rise 12% to 19 MT in September on improved consumption

Of total imports in September, non-coking coal's shipment was 11.97 MT as against 11.81 MT in the year-ago period

'Sunidhi' project to digitise provident fund, pension services of CMPFO

The government on Friday announced the launch of an ambitious information technology project 'Sunidhi' to digitise all provident fund and pension related activities of CMPFO

CIL finalises Rs 5,900 cr heavy machinery contracts to bolster production

Early this year, the company had said it was looking at spending around Rs 7,000 crore on heavy equipment to bolster production

CIL output may fall below 600 MT in FY21 on sluggish demand: Analysts

The miner could end the current year with the production of around 580 million tonnes of coal as against its revised target of 650-660 million tonnes, they said

Thermal, coking coal imports dip 28% to 46 mn tonnes in Apr-Aug: IPA

Thermal coal imports dropped 25.42 per cent to 28.93 MT and coking coal shipments fell 31.87 per cent to 16.84 MT during this period

Don't throw away funds supporting fossil fuel industries: UN chief to govts

The U.N. chief noted that large investors are already pulling their money out of heavily polluting industries, especially coal

Despite soft performance in June quarter, worst behind for Coal India

With the lockdown impacting the economy, coal demand from power producers and other industries suffered, too

Coal India Q1 profit plunges 55% to Rs 2,080 cr due to lower sales

CIL he company had posted consolidated profit from "continuing operations" of Rs 4,629.67 crore in the year-ago period, the PSU said in a filing to BSE

Coal India to create additional board level post to push biz development

As such, at present, there are five Board level posts in CIL including CMD