India is likely to club all spot coal auctions for regulated and non-regulated sectors, aiming at a market-determined uniform price for every grade. At present, separate auctions are held for different sectors and special auctions are held for the power sector, which is the only regulated sector. A senior official said the proposal by the […]
Category: Coal
Coal
Australian children lose bid to block coal mine expansion
A group of Australian child environmentalists lost their court bid Thursday to force the federal government to ban a coal mine expansion. The eight children, aged 13 to 17, had argued in the Federal Court that Environment Minister Sussan Ley had a duty of care to protect younger people against climate change. Ley is considering […]
Poland defies EU court ruling to close major lignite mine
Poland’s government on Monday defied an injunction by the top European Union court that ordered the immediate closure of a major brown coal mine, with officials saying it would shake the nation’s energy system and lead to the layoff of thousands of employees. Development Minister Jaroslaw Gowin said Poland wouldn’t shut the lignite mine in […]
G7 countries agree to stop international funding for coal-fired power
The Group of Seven (G7) rich countries have agreed to stop international funding for the construction of coal-fired power stations that emit carbon, a document summarising a G7 environment ministers’ meeting showed on Friday. “We stress that international investments in unabated coal must stop now and commit to take concrete steps towards an absolute end […]
Tremendous response to second tranche of commercial coal mines auction: Govt
The Central government on Tuesday said the second tranche of commercial coal mines’ auction has received tremendous response which is reflected in around 50 mine specific tender documents being purchased by bidders till date. Many other prospective bidders are in the process of registration and purchase of tender documents from the auction portal, the Coal […]
Coal India supporting hospitals through setting up oxygen plants, ventilators availability
Amid a continuous demand for medical oxygen for coronavirus patients in the country, State-owned Coal India Ltd (CIL) has started a mission ‘Praana Vayu’, under which it is facilitating setting up oxygen plants and ventilators availability at hospitals and Covid care centres. “Responding to the needs, Coal India has launched Mission ‘Praana Vayu’, which is […]
Coal India carbon emissions less than 1pc of India’s in FY20
State-owned Coal India Ltd on Wednesday said that the PSU accounted for only 0.65 per cent of the country’s total carbon dioxide (CO2) emissions of 2,616 million tonnes (MT) during FY2019-20. Coal India (CIL) said that this is according to the data sourced from Global Carbon Project: Carbon Di-Oxide Information Analysis Centre, of the US. […]
Adani coal contractor asks Australian government for insurance help
A rail contractor to Adani Enterprises Ltd’s giant Australian coal project has asked the government for help to obtain insurance that it has not been able to secure from markets, a submission to a parliamentary inquiry showed. BMD Constructions Pty Ltd is building a section of a 210 km (130 mile) rail line that will […]
China’s coal futures hit record as exchange tries to cool rally with fee hike
Thermal coal futures in China surged to a record high as a severe supply crunch overpowered the exchange’s effort to cool down the breakneck price rally. Prices have rallied 34 per cent so far this year as miners struggle to meet robust demand from the nation’s economic rebound. Safety and environmental inspections, mining accidents and […]
Asian Development Bank to end coal, oil and gas financing
The Asian Development Bank will no longer finance coal mining or oil and natural gas activities, it announced in a draft policy statement on Friday, a move welcomed by environmental groups, which said it was a decade overdue. The multilateral development bank, which focuses on eradicating poverty in Asia, provided no timeline for its commitment. […]
CIL says operations slowed down as many employees tested positive for COVID
Coal India Ltd (CIL) on Tuesday said its operations slowed down on account of more than 5,400 of the company’s employees and their wards across subsidiaries testing positive for coronavirus. However, offtake rose to 54.1 Million Tonnes (MTs) last month, the company said in a statement. “Offtake could have been even higher but the pandemic […]
World’s biggest coal port loan price linked to social, emissions goals
Australia’s Port of Newcastle has signed a A$515 million ($398 million) loan with National Australia Bank (NAB) that links interest payments to non-mandatory social and environmental targets, the companies said. The world’s largest coal port will pay less if certain targets are met, including reducing its direct and indirect greenhouse gas emissions and screening all […]