Coal industry news and business reports.

Power engineers' body demands probe into coal shortage at thermal ...
Tue, 28 Nov 2023 00:00:00 GMT
The All India Power Engineers Federation (AIPEF) has urged for an impartial investigation into the coal shortages affecting several thermal power plants across the country. In addition, the engineers' federation has advocated for scrutiny into the costs associated with the importation of dry fuel in India.


Coal India's e-auction volume projected to double in H2FY'24
Thu, 23 Nov 2023 00:00:00 GMT
Coal India informed analysts that it aims to sell 15% of its production in the second half of the current fiscal (September 2023-March 2024) through e-auctions, which currently command a premium of around 90% over the Fuel Supply Agreement (FSA) price.


Coal India to phase out mining equipment imports in 6 years: ...
Thu, 23 Nov 2023 00:00:00 GMT
Coal India Ltd (CIL) aims to eliminate the Rs 3,500 crore worth of high-capacity mining equipment imports over the next six years, signaling a shift toward supporting domestic manufacturing. The move aligns with the government's strategy to reduce dependence on imports and boost indigenous production. CIL's plan includes recommendations from a high-level committee, emphasizing the country's future energy needs.


Mining News - Glencore to buy Teck coal assets for $6.9B
Wed, 22 Nov 2023 14:51:00 GMT
Teck to receive a total of $8.2B for coal assets in Southern BC; cash infusion to bolster focus on clean energy metals. In a deal that finds a middle ground between the ambitions and future visions of two mining companies, Teck Resources Ltd. has agreed to sell its steelmaking coal assets in Southern British Columbia to Glencore for around US$6.9 billion. 'This sale will ensure Teck is...


Future of coal is bright in India; technologies to help sustainable ...
Mon, 20 Nov 2023 00:00:00 GMT
The future of coal in India is bright......we believe that there are technologies that are available which can help India extract coal far more sustainably, use it far more sustainably, combust it far more sustainably, and post combustion treatment to coal can reduce Co2 emissions by as much as 99 per cent, FutureCoal Board member Sunil Chaturvedi said.


Demand for coal increases during second half to 424 MT
Mon, 20 Nov 2023 00:00:00 GMT
Power generation from coal-based plants is now projected at 657 billion units for the second half of 2023-24 against 619 billion units expected earlier, said one of the persons, who did not wish to be identified.


India seeks to restart stalled Adani coal imports probe
Fri, 17 Nov 2023 00:00:00 GMT
Indian investigators seek Supreme Court permission to restart a probe into Adani Group's alleged coal import overvaluation. The Directorate of Revenue Intelligence aims to collect evidence from Singapore, accusing Adani of thwarting efforts. Adani denies wrongdoing, facing wider scrutiny since Hindenburg Research's accusations. Legal battles span Mumbai, New Delhi, and Singapore.


Coal power plants seen thriving at 65% PLF despite RE surge: ...
Thu, 16 Nov 2023 00:00:00 GMT
Over the past two fiscals, demand for electricity has seen a robust 8-9% annual growth, driven by the post-pandemic economic rebound. During this period, 34 gigawatt (GW) of capacity has been added with 90% of it in RE. In GW terms, this is a 9% growth in power capacities but on normative terms this was only 4-5% growth as capacities operates at varying PLFs2 and in this incremental supply, coal-based power plants remain an important cog, accounting for 69-71% of total power generation becaus...


Ukraine: Donetsk region coalmine on fire
Wed, 15 Nov 2023 10:36:55 GMT
In the evening on November 13, a fire broke out at a coalmine in Donetsk region due to a power surge. There were 45 miners underground at the time of the emergency. No combustion products entered the mine workings. The fire was extinguished within an hour and power was restored to the mine. (Government


Glencore buys $6.9bn stake in Teck's Elk Valley Resources
Tue, 14 Nov 2023 00:00:00 GMT
(Sharecast News) - Mining and commodities giant Glencore is spending $6.9bn to buy a 77% stake in Teck Resources' steelmaking coal business in Canada's Rocky Mountains, Elk Valley Resources (EVR).


FY27 output target 1.4 billion tonnes, need for power plants ...
Tue, 14 Nov 2023 00:00:00 GMT
The production target for this financial year remains at marginally over 1 billion tonnes, which the ministry had earlier projected. Fuel to be supplied to domestic coal-based power plants is around 821 million tonnes for this fiscal.


India's coal import rises 4% in September
Mon, 13 Nov 2023 00:00:00 GMT
India's coal import increased by 4.3 per cent in September compared to that of the corresponding month of previous fiscal. It increased to 20.61 million tonnes (MT) in September.



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