Chief Correspondent, Commodities, India
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Feb 5, 2015

India may cut iron ore export duty for Goa state

NEW DELHI, Feb 5 (Reuters) – India is considering cutting
the export duty for the low-quality iron ore produced by the
country’s biggest exporting state Goa, the mines and steel
minister said, a move that could boost shipments to China and
put more pressure on global prices.

The idea was welcomed by top private miner Sesa Sterlite
Ltd, though some steel companies were critical.

Feb 4, 2015

Around 12 mln tonnes of iron ore stuck at Indian ports -officials

SINGAPORE/NEW DELHI, Feb 4 (Reuters) – Around 12 million
tonnes of low-grade iron ore has been stuck at Indian ports for
months, stranded as hefty export taxes and plunging prices make
higher quality ore more appealing to buyers, said industry and
government officials.

Indian steel producers, many of which have been buying iron
ore overseas amid short supply at home, are unable to use the
low-grade material, which is typically shipped to top market
China.

Feb 2, 2015

As India opens up coal sector, global miners cool on investing

NEW DELHI/MELBOURNE, Feb 3 (Reuters) – India’s plans to
attract badly needed foreign investment and technology to its
coal sector are getting a cool response from some miners and
trading houses, even though the country is one of the few bright
spots for global coal demand.

Seeking to curb a growing reliance on imports, Prime
Minister Narendra Modi passed an order in December to allow
private firms to mine and sell coal for the first time in more
than 42 years.

Jan 25, 2015

Obama backs India’s solar goals, seeks support for climate talks

NEW DELHI (Reuters) – U.S. President Barack Obama on Sunday offered to help finance India’s ambitious solar energy target and sought Prime Minister Narendra Modi’s support at global climate talks in Paris later this year.

India is the world’s third-largest greenhouse gas emitter and often acts as the voice of the world’s developing countries in United Nations talks on everything from climate change to economic cooperation.

Jan 16, 2015

Goa says decks clear for iron ore mining to resume

NEW DELHI (Reuters) – Goa has removed a two-year ban on iron ore mining and expects mines could be back up and running by March or April at the earliest, Goa’s Director of Mines and Geology Prasanna Acharya said on Friday.

India was once the world’s third largest iron ore exporter and Goa its biggest exporting state. The return of Goa iron ore exports could further pressure global prices hovering around 5-1/2 year lows due to oversupply.

Jan 16, 2015

India’s Goa says decks clear for iron ore mining to resume

NEW DELHI, Jan 16 (Reuters) – India’s Goa state has removed
a two-year ban on iron ore mining and expects mines could be
back up and running by March or April at the earliest, Goa’s
Director of Mines and Geology Prasanna Acharya said on Friday.

India was once the world’s third largest iron ore exporter
and Goa its biggest exporting state. The return of Goa iron ore
exports could further pressure global prices hovering around
5-1/2 year lows due to oversupply.

Jan 8, 2015

India says coal reforms to go on after workers end strike

NEW DELHI, Jan 8 (Reuters) – India will stick to its plans
to open up the coal industry to private firms and sell a stake
in state-run Coal India Ltd, despite the resistance by
mine workers, the country’s coal and power minister said on
Thursday.

The five mineworker unions of the world’s largest coal miner
called off a five-day strike in its second day on Wednesday,
after coal and power minister Piyush Goyal assured them a
committee would be formed to address their concerns.

Jan 7, 2015

Coal India unions call off strike in relief for govt

NEW DELHI/BHUBANESWAR (Reuters) – Coal India Ltd (COAL.NS: Quote, Profile, Research) unions, protesting against a move to open up the industry to private firms, called off a five-day strike on its second day on Wednesday after a meeting with the coal and power minister, staving off a looming power crisis.

The company accounts for about 80 percent of India’s total output and strikes have previously crippled power plants, hampering government efforts to reform the coal industry. Coal fuels 60 percent of the country’s power production.

Jan 7, 2015

Coal India unions call off strike in relief for Modi government

NEW DELHI/BHUBANESWAR, India, Jan 7 (Reuters) – Coal India
Ltd unions, protesting against a move to open up the
industry to private firms, called off a five-day strike on its
second day on Wednesday after a meeting with the coal and power
minister, staving off a looming power crisis.

The company accounts for about 80 percent of India’s total
output and strikes have previously crippled power plants,
hampering government efforts to reform the coal industry. Coal
fuels 60 percent of the country’s power production.

Jan 7, 2015

Coal India struggles to produce half of normal output amid strike

NEW DELHI, Jan 7 (Reuters) – Coal India Ltd
struggled to produce and ship less than half of its daily target
on the first day of a five-day worker strike that began on
Tuesday, hampering government efforts to reform the country’s
coal industry and ease its power crisis.

Unionized miners at the world’s top coal producer are
protesting Prime Minister Narendra Modi’s move to allow private
companies to mine and sell the fuel for the first time in 42
years. Modi’s ministers have said that increasing competition is
key to ending India’s power shortage.

    • About Krishna

      "I lead the India commodities team for Reuters in New Delhi. I cover the coal, metals and mining industries with a focus on government policy. Before coming to the capital in April 2013, I headed two teams of reporters covering small-and-medium-sized U.S./Canada-listed energy and resources companies."
      Joined Reuters:
      August, 2009
      Languages:
      Assamese
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