Mining Industries Correspondent
Krishna's Feed
Sep 29, 2014

India’s No. 2 coal producer to open country’s biggest underground mine

NEW DELHI, Sept 29 (Reuters) – India’s second-largest coal
producer Singareni Collieries will open the country’s biggest
underground mine next month with a capacity of 2.8 million
tonnes per year, which should help the firm edge past its output
target for this fiscal year.

Singareni’s better-than-expected output will ensure
sufficient supplies to south India-based power plants it caters
to, at a time when the country is facing a severe shortage of
coal. Nearly half of India’s power plants have less than a
week’s stock of the fuel. (link.reuters.com/mep72w)

Sep 26, 2014

Coal imports to jump 60-65 mln T/yr after court scraps concessions

NEW DELHI (Reuters) – India’s annual coal imports could jump by as much as a third to more than 200 million tonnes for the next few years as a result of a court ruling this week that will halt mining of the resource by most private companies from next year.

The Supreme Court has scrapped 214 coal blocks allocated by the government over the past two decades after ruling that the selective allocation process was arbitrary and illegal. It ordered that the operational ones among them be returned to state-run Coal India (COAL.NS: Quote, Profile, Research) by end-March next year.

Sep 26, 2014

India’s coal imports to jump 60-65 mln T/yr after court scraps concessions

NEW DELHI, Sept 26 (Reuters) – India’s annual coal imports
could jump by as much as a third to more than 200 million tonnes
for the next few years as a result of a court ruling this week
that will halt mining of the resource by most private companies
from next year.

The nation’s top court has scrapped 214 coal blocks
allocated by the government over the past two decades after
ruling that the selective allocation process was arbitrary and
illegal. It ordered that the operational ones among them be
returned to state-run Coal India by end-March next
year.

Sep 24, 2014

Supreme Court scraps nearly all coal blocks allocated since 1993

NEW DELHI (Reuters) – The Supreme Court on Wednesday scrapped all but four of 218 coal blocks allocated by the government over the past two decades, in a tougher-than-expected ruling that sank shares of companies that have invested heavily in projects around the concessions.

Most power, steel and cement companies that won blocks will have until end-March to return them, and the government then plans to auction them off. The previous practice of selective allocation was ruled illegal and arbitrary by the court.

Sep 24, 2014

India’s top court scraps nearly all coal blocks allocated since 1993

NEW DELHI, Sept 24 (Reuters) – India’s top court on
Wednesday scrapped all but four of 218 coal blocks allocated by
the government over the past two decades, in a
tougher-than-expected ruling that sank shares of companies that
have invested heavily in projects around the concessions.

Most power, steel and cement companies that won blocks will
have until end-March to return them, and the government then
plans to auction them off. The previous practice of selective
allocation was ruled illegal and arbitrary by the court.

Sep 23, 2014

JSW expects to import 10 mln tonnes or more iron ore

NEW DELHI (Reuters) – JSW Steel Ltd(JSTL.NS: Quote, Profile, Research), India’s No. 3 maker of the alloy, said it is planning to raise iron ore imports to 10 million tonnes this fiscal year and could boost that further if a domestic shortage continues and international prices stay low.

The company was earlier planning to import 6 million tonnes, but a sharp jump in local prices due to recent closures of mines has forced it to consider more shipments.

Sep 23, 2014

India’s JSW expects to import 10 mln tonnes or more iron ore

NEW DELHI, Sept 23 (Reuters) – JSW Steel Ltd,
India’s No. 3 maker of the alloy, said it is planning to raise
iron ore imports to 10 million tonnes this fiscal year and could
boost that further if a domestic shortage continues and
international prices stay low.

The company was earlier planning to import 6 million tonnes,
but a sharp jump in local prices due to recent closures of mines
has forced it to consider more shipments.

Sep 22, 2014

Coal import rush leads to port congestion

NEW DELHI/BHUBANESWAR (Reuters) – India’s power and steel companies are importing shiploads of coal due to a severe shortage at home, leading to heavy congestion in one of the country’s busiest ports that now has twice the number of vessels waiting than its available berths.

The over-crowding at Paradip port in Odisha could derail India’s efforts to prevent a shutdown of more than half of its power plants which are running on stocks of less than a week in the worst deficit since a massive blackout in 2012.

Sep 22, 2014

India’s coal import rush leads to port congestion

NEW DELHI/BHUBANESWAR, Sept 22 (Reuters) – Indian power and
steel companies are importing shiploads of coal due to a severe
shortage at home, leading to heavy congestion in one of the
country’s busiest ports that now has twice the number of vessels
waiting than its available berths.

The over-crowding at Paradip port in eastern Odisha could
derail India’s efforts to prevent a shutdown of more than half
of its power plants which are running on stocks of less than a
week in the worst deficit since a massive blackout in 2012.

Sep 4, 2014

Coal India rushes to supply power plants with critically low stocks

NEW DELHI, Sept 4 (Reuters) – Coal India is
rushing to supply coal it has sourced from railway sidings,
loading areas and other places over the years to feed power
plants critically short of the fuel, a company official with
knowledge of the matter said.

The move is part of emergency measures taken by the state
giant to prevent a shutdown of nearly one third of India’s
thermal power plants that have coal stocks of less than four
days – a situation last seen in one of the worst blackouts in
2012. A few power firms have already switched off some units.

    • About Krishna

      "I have been covering India's metals and mining industries from New Delhi since April Fool’s Day, 2013. Before that I led two teams of reporters covering small-and-medium-sized U.S./Canada-listed energy and resources companies. I have closely followed the solar and shipping industries and love to write on cricket whenever I can."
      Joined Reuters:
      August, 2009
      Languages:
      Assamese
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