Appalachian Coal country wants Republican nod for federal aid
A small but growing number of Appalachian coal communities are urging Republicans in Congress to support a proposed $1 billion federal aid program from the Obama administration to save local economies ravaged by the decline of the coal industry.
Global Coal price on the downslide
The sharp decline in the prices of coal to five-year low at $42.55 per tonne in the global market is unlikely to bring any cheer to the imported coal-based power producers. However, with cost of generation going down by as much as 35 per cent, the cases of compensatory tariff contested on basis of escalating global price of coal could stand invalid now.
China, US seek clean Coal agreement as industry struggles
U.S. and China officials took a major step Tuesday toward an agreement to advance "clean coal" technologies that purport to reduce the fuel's contribution to climate change — and could offer a potential lifeline for an industry that's seen its fortunes fade.
Buy Coal India; target INR 439: Motilal Oswal
Coal India (COAL) is delivering impressive double-digit production growth, pleasantly surprising consumers. E-auction supplies have jumped, affecting realizations in recent months. We continue to believe that e-auction realizations would soften, and cut our realization estimate for FY18 by INR270/ton to INR1,849/ton. This should be the bottom-of-the-pit realization.
Thermal Coal imports soar 24% to 33 MT at 12 major ports
Imports of thermal coal jumped 24% at the country’s top 12 major ports to 32.54 million tonnes (MT) during the April-July period this year even as the government continues to announce its commitment to boost domestic output, mainly by Coal India.
West Coast coal cartage under dispute
KiwiRail has said that it believes the pricing for the transport of Solid Energy's coal from the West Coast does not fairly reflect the cost it bears for operating the services.
Coal India to invest INR 5,900 crore, clears 3 projects of 40 mn tonnes capacity
Coal India (CIL) cleared three projects with a total production capacity of 40 million tonnes and requiring a combined investment of about INR 5,900 crore at a board meeting last week. These mines are expected to start production in a few years and will add to the company's target of achieving 1 billion tonnes in output by 2020.
Coal scam: Court grants Congress MP Vijay Darda, 5 others bail
Rajya Sabha MP Vijay Darda and five others, including his son Devendra Darda and former coal secretary HC Gupta, were on Thursday granted bail by a Special Court in a coal scam case pertaining to alleged irregularities in allocation of Fatehpur (East) coal block in Chhattisgarh.