Mining Industries Correspondent
Krishna's Feed
Feb 18, 2014

Coal India unit Western Coalfields sees 10 pct output rise in 2014/15

NEW DELHI, Feb 18 (Reuters) – Coal India unit
Western Coalfields expects to raise output by 10 percent to 44
million tonnes in the next fiscal year due to the use of more
sophisticated machinery in its mines, the unit’s chairman said
on Tuesday.

Western Coalfield’s first potential output increase in five
years will help India keep a lid on costly imports of coal at a
time its parent is struggling to boost production.

Feb 12, 2014

India rejects call to ban iron ore exports from Odisha

NEW DELHI/BHUBANESWAR, India (Reuters) – The ministry of mines has rejected suggestions by a powerful government panel to ban exports of iron ore and limit output from the Odisha, dispelling fears the country’s top producer faced curbs similar to those imposed elsewhere.

The bans in two other producing states, Karnataka and Goa, have helped spur sales by miners from Australia, Brazil and South Africa, pushing India to ninth place last year among world exporters of the steelmaking raw material to top market China.

Feb 12, 2014

India rejects call to ban iron ore exports from top producing state

NEW DELHI/BHUBANESWAR, India, Feb 12 (Reuters) – India’s
mines ministry has rejected suggestions by a powerful government
panel to ban exports of iron ore and limit output from the
eastern state of Odisha, dispelling fears the country’s top
producer faced curbs similar to those imposed elsewhere.

The bans in two other producing states, Karnataka and Goa,
have helped spur sales by miners from Australia, Brazil and
South Africa, pushing India to ninth place last year among world
exporters of the steelmaking raw material to top market China.

Feb 10, 2014

Weak rupee cuts January coal imports by 33 percent

NEW DELHI (Reuters) – The weak rupee cut India’s imports of coal, the fuel that provides almost 60 percent of its electricity, by 33 percent in January from the same month last year, data from leading research group OreTeam showed on Monday.

Struggling domestic coal output has meant that India has jumped to the number three global importer, behind China and Japan. It is less reliant on imports of coking coal for its steel industry.

Feb 10, 2014

Weak rupee cuts India’s Jan coal imports 33 pct yr/yr

NEW DELHI, Feb 10 (Reuters) – The weak rupee cut India’s
imports of coal, the fuel that provides almost 60 percent of its
electricity, by 33 percent in January from the same month last
year, data from leading research group OreTeam showed on Monday.

Struggling domestic coal output has meant that India has
jumped to the number three global importer, behind China and
Japan. It is less reliant on imports of coking coal for its
steel industry.

Feb 10, 2014

Goa expects iron ore mining to restart before monsoon

NEW DELHI (Reuters) – Goa expects to resume mining before monsoon that starts in June, its chief minister said on Monday, but this may not mean an immediate resumption in shipments from what used to be the country’s top iron ore exporter.

A ban on mining and exports in September 2012 to clamp down on illegal mining in Goa, coupled with a similar step in neighbouring Karnataka, has slashed output and shipments from India.

Feb 10, 2014

India’s Goa state expects iron ore mining to restart before monsoon

NEW DELHI, Feb 10 (Reuters) – India’s Goa state expects to
resume mining before monsoon that starts in June, its chief
minister said on Monday, but this may not mean an immediate
resumption in shipments from what used to be the country’s top
iron ore exporter.

A ban on mining and exports in September 2012 to clamp down
on illegal mining in Goa, coupled with a similar step in
neighbouring Karnataka, has slashed output and shipments from
India.

Jan 22, 2014

Coal imports up 21 percent in 2013 – research firm

NEW DELHI (Reuters) – India’s coal imports rose 21 percent to 152 million tonnes last year as power producers bought more due to low prices and a domestic shortage, research firm OreTeam said, adding that shipments could rise to 170 million tonnes this year.

Bureaucratic, environmental and legal delays in adding new mines and expanding existing ones have made India the No. 3 importer of coal, behind China and Japan, even though it sits on what BP Plc (BP.L: Quote, Profile, Research) ranks as the world’s fifth-largest reserves.

Jan 22, 2014

India coal imports up 21 pct in 2013 -OreTeam

NEW DELHI, Jan 22 (Reuters) – India’s coal imports rose 21
percent to 152 million tonnes last year as power producers
bought more due to low prices and a domestic shortage, research
firm OreTeam said, adding that shipments could rise to 170
million tonnes this year.

Bureaucratic, environmental and legal delays in adding new
mines and expanding existing ones have made India the No. 3
importer of coal, behind China and Japan, even though it sits on
what BP Plc ranks as the world’s fifth-largest reserves.

Jan 16, 2014

India PM: POSCO to start work on steel plant in coming weeks

NEW DELHI, Jan 16 (Reuters) – South Korea’s POSCO
will be able to start work on its planned
$12-billion Indian steel plant over the coming weeks, India’s
prime minister said on Thursday, ending an eight year delay for
environmental and legal clearances.

Manmohan Singh said the firm’s request for an iron ore
mining licence – the final regulatory hurdle for the project
which would be the biggest foreign direct investment in India -
was at an “advanced stage of processing”.

    • 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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