Captive, commercial coal mines output up over 30% during April-January
Coal production by captive and commercial mines rose by 30.70 per cent Y-o-Y to 93.22 million tonnes (mt) during the April-January period in the current financial year ending March 2023.“The Ministry has been actively engaging with various Centre and State government agencies both for starting new coal mines and for increasing coal production in the […]
Unprecedented response to commercial coal block auctions; bids to be opened tomorrow
The Coal Ministry on Monday said it has received an unprecedented response to commercial mines auction under the sixth round and second attempt of the fifth round of auctions launched in November last year.The last day for submission of bids ended on Monday. .“A total of 99 bids for 36 coal mines have been received […]
Power producers owe more than ₹19,000 crore to coal mining PSUs as of December 2022
The outstanding dues of the power sector for the coal supplied by the mining PSUs rose by 10 per cent on a M-o-M basis to ₹19,180 crore at the end of December 2022, of which the majority is owed to Coal India (CIL).According to the latest data by the Coal Ministry, power generating companies owed […]
China reportedly places first order for Australian coal since unofficial ban in 2020
That’s a positive sign for the aussie amid improved China-Australia relations at least. It is being reported that China Energy Investment Corp has placed an order to import Australian coal, with the cargo likely to be loaded before the end of this month. This relates to the headline from earlier this week here: ADVERTISEMENT – […]
Chinese Coal Rumors Boost AUD
The AUDUSD caught a bit of a bid yesterday on rumors that China might lift its ban on coal imports from Australia. This could have an important impact on the Australian currency. But, it could also not end up becoming effective, since this rumor has gone around before. Given the situation, it’s good to know […]