Page 29 - Coal Industry
Coronavirus lockdown: Coal India extends payment deadline till April 21
Pending demand for Deferred Payment Letters of Credit implemented as additional mode of payment along with irrevocable revolving L/C for coal supplied to power producers, especially IPPs
 "Coronavirus lockdown: Coal India extends payment deadline till April 21")
Major ports show muted growth in cargo as thermal coal volume slides 15%
Visakhapatnam port upstaged others in cargo throughput growth, recording 10.98 per cent increase
 "Major ports show muted growth in cargo as thermal coal volume slides 15%")
Cabinet relaxes norms to mine, sell coal; entry for foreign players eased
The announcement comes four years after the Centre enabled commercial mining and sale of coal by private companies under the CMSP Act, 2015
 "Cabinet relaxes norms to mine, sell coal; entry for foreign players eased")
SC seeks govt response on plea challenging provisions of Coal Mines Act
A bench comprising Chief Justice S A Bobde and Justices B R Gavai and Surya Kant issued a notice to Ministry of Coal and Ministry of Law and Justice, seeking their response in four weeks
Slide in coal volumes pulls down cargo volumes to 0.4% at major ports
In contrast, coal volumes grew by 11 per cent in FY19
 "Slide in coal volumes pulls down cargo volumes to 0.4% at major ports")
Two hurdles in the transition from coal-based power to renewable energy
A fine balance is needed between the two sources of electricity in order to enable the wider use of renewables
 "Two hurdles in the transition from coal-based power to renewable energy")
Coal crunch roils captive power plants after MCL's output declines steeply
Mahanadi Coalfield's output plummeted 33 per cent in September, engendering huge shortage for CPP-based industries
NCL eyes coal production of 115MT by FY'24, focus on offtake by railways
The coal ministry has advanced the one billion million tonnes production target of Coal India Limited by two years to 2023-24 which will force the mining behemoth to revisit its production plan
Govt to now offer coal mines to private companies only for commercial work
Captive production allowed, companies can sell coal in open market
 "Govt to now offer coal mines to private companies only for commercial work")
India has increased coal capacity by 82.3 Gw, China by 290 GW: Report
A Global Energy Monitor report from January 2018 to June 2019 said countries outside of China decreased their total coal power capacity by 8.1 GW, while China increased its coal fleet by 42.9 GW
 "India has increased coal capacity by 82.3 Gw, China by 290 GW: Report")
State govt-run power firms hit by huge cost of transporting their own coal
Freight cost comes to Rs 1000 per tonne; Firms submit plan to offer some coal from their mines in Chhattisgarh to power units in that state
After day-long strike, coal unions meet on Monday to decide plan of action
If unions resort to strike, Coal India's production target might go haywire
Contractor market in coal mining to grow to Rs 60,000 crore by 2030: KPMG
KPMG has also looked at some of the active mining contractors and compared their financial and technical competencies
Private coal producers told to pull up socks to boost production
Coal Secretary Sumanta Chaudhuri calls upon allottees to go extra mile with govt to operationalise the mines
How one billionaire kept three nations hooked on coal for decades
The story of Adani and its Australian project illustrates why the world keeps burning coal despite its profound danger
 "How one billionaire kept three nations hooked on coal for decades")
Near-term worries outweigh Coal India's Q1 gains; stock falls 1.6%
Further fresh auction of coal mines to private players can also lead to higher competition for Coal India
Odisha Mining Corp's coal mine foray stumbles on lack of evacuation infra
Lack of clarity on overburden dumping area use has also impeded progress of the commercial coal mine
 "Odisha Mining Corp's coal mine foray stumbles on lack of evacuation infra")
Coal crunch shuts down three units of NTPC's plant in Odisha's Kaniha
Power production at the plant has dwindled to 1000 Mw against its capacity of 3000 Mw
Govt to auction over 41 new coal blocks 'very shortly', says Pralhad Joshi
He told the Lok Sabha that a number of important steps have been taken to augment and monitor coal dispatches to power plants
 "Govt to auction over 41 new coal blocks 'very shortly', says Pralhad Joshi")
Bharat Coking Coal to boost output as steel firms battle volatile prices
Washed coal is more expensive because it burns longer, thus providing more energy
 "Bharat Coking Coal to boost output as steel firms battle volatile prices")