Mining Industries Correspondent
Krishna's Feed
Jun 20, 2014

India moves to raise coal output from old mines in push for power

NEW DELHI, June 20 (Reuters) – India’s coal and power
minister said he will seek environment ministry approval next
week to raise output from coal mines as an interim step to
augment supply for power generation, a focus area for new Prime
Minister Narendra Modi.

Coal India, which accounts for 80 percent of the
country’s output of 562.6 million tonnes, has failed to meet its
output target and made India a big importer, partly due to
delays in securing environmental clearances.

Jun 17, 2014

Government may sell 5 percent stake in SAIL – sources

NEW DELHI (Reuters) – India’s new government could sell a 5 percent stake in state-run Steel Authority of India Ltd(SAIL.NS: Quote, Profile, Research), with a final decision expected next week, two sources directly involved in the process told Reuters.

Prime Minister Narendra Modi, who won a landslide election victory last month largely on his promise of economic growth, is expected to speed divestments to bolster revenue generation at a time of weak economic growth.

Jun 17, 2014

India may sell 5 pct stake in steel company SAIL-sources

NEW DELHI, June 17 (Reuters) – India’s new government could
sell a 5 percent stake in state-run Steel Authority of India Ltd
, with a final decision expected next week, two sources
directly involved in the process told Reuters.

Prime Minister Narendra Modi, who won a landslide election
victory last month largely on his promise of economic growth, is
expected to speed divestments to bolster revenue generation at a
time of weak economic growth.

Jun 17, 2014

Heatwave boosts India coal imports -research firm

NEW DELHI, June 17 (Reuters) – Indian coal imports climbed
12 percent in May from the year before, provisional data from
research firm OreTeam showed, with power companies scrambling to
meet demand as scorching weather drove customers to crank up
fans or air conditioning.

Electricity demand hit multi-year highs in many states over
the last two months as temperatures soared, forcing the new
government of Prime Minister Narendra Modi to firefight public
anger over frequent blackouts.

Jun 15, 2014

Smaller, nimbler rival shows the way for monolith Coal India

NEW DELHI, June 16 (Reuters) – For a coal producer trying to
navigate India’s complex federal structure, size matters. And
the smaller the better.

That harsh lesson was learnt by S. Narsing Rao, the outgoing
chairman and managing director of Coal India Ltd, the
world’s biggest coal miner. While Rao has been at the helm in
the past two years, Coal India has missed its annual output
targets.

Jun 12, 2014

India to speed up work on rail lines to transport coal

NEW DELHI (Reuters) – India’s new government said it would speed up work on three railway lines key to transporting 100 million tonnes of coal per year from remote mines, a priority for Prime Minister Narendra Modi who wants to supply continuous power to all.

Coal India Ltd, the world’s No. 1 coal miner that controls about 80 percent of India’s output, says better connections could push its annual production up by as much as 300 million tonnes from 462 million now.

Jun 12, 2014

Holy men to advise on Modi’s Ganges river cleanup

NEW DELHI (Reuters) – The new government will seek the advice of holy men on how best to carry out an ambitious plan by Prime Minister Narendra Modi to clean up the Ganges, a river that is sacred to the majority Hindu population.

Hindus bathe in the Ganges in an act of ritual purification, yet the 2,500 km (1,600 mile) river stretching from the Himalayas to the Bay of Bengal is full of industrial effluent and untreated sewage, its banks strewn with garbage.

Jun 12, 2014

India’s holy men to advise on Modi’s Ganges river cleanup

NEW DELHI, June 12 (Reuters) – India’s new government will
seek the advice of holy men on how best to carry out an
ambitious plan by Prime Minister Narendra Modi to clean up the
Ganges, a river that is sacred to the majority Hindu population.

Hindus bathe in the Ganges in an act of ritual purification,
yet the 2,500 km (1,600 mile) river stretching from the
Himalayas to the Bay of Bengal is full of industrial effluent
and untreated sewage, its banks strewn with garbage.

Jun 4, 2014

JSW Steel imports iron ore as local supply falls

NEW DELHI (Reuters) – Importing iron ore, buying low-quality ore and operating mills below capacity are the new normal for JSW Steel Ltd, the third-largest steelmaker in India where illegal mining of minerals has been choked by court orders.

JSW, run by billionaire Sajjan Jindal, is importing 500,000 tonnes of iron ore of Australian and South African origin by end-June or July to make up for a domestic shortfall, its joint managing director Seshagiri Rao told Reuters on Wednesday.

Jun 4, 2014

India’s JSW Steel imports iron ore as local supply falls

NEW DELHI, June 4 (Reuters) – Importing iron ore, buying
low-quality ore and operating mills below capacity are the new
normal for JSW Steel Ltd, the third-largest steelmaker
in India where illegal mining of minerals has been choked by
court orders.

JSW, run by billionaire Sajjan Jindal, is importing 500,000
tonnes of iron ore of Australian and South African origin by
end-June or July to make up for a domestic shortfall, its joint
managing director Seshagiri Rao told Reuters on Wednesday.

    • 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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