Category: Coal

The Australian government needs to help fund coal-fired power producers because finance and insurance for coal plants is becoming unaffordable or too hard to secure, power producer Alinta Energy’s head said on Thursday. The issue is coming to a head as investors and activists pressure banks and insurers to stop backing coal-fired plants while the […]

Environmental Social and Governance (ESG) factors have an overall negative credit impact on metals and mining companies globally and a more pronounced negative credit impact on coal companies, according to Moody’s Investors Service. It said in a report on ESG credit impact scores for companies in the metals and mining and coal sectors that carbon […]

Coal India Ltd., one of the nation’s biggest employers, has asked Prime Minister Narendra Modi’s government to help accelerate the vaccination of its work force after the deaths of almost 400 staff from Covid-19. The world’s top coal miner, which employs about 259,000 people, said it has written to government officials requesting about 1 million […]

State-run Coal India (CIL) has posted 52.5% growth in e-auction bookings during the first two months of the ongoing fiscal. CIL’s total allocated quantity this fiscal till May’21 increased to 21.5 Million Tonnes (MTs) under the five auction windows, against 14.1 MTs for the comparable period last year, a company executive said. With the demand […]

Much of India’s 33 gigawatts (GW) of coal-fired power capacity currently under construction and another 29 GW in the pre-construction stage will end up stranded due to competition from renewables, according to the Institute for Energy Economics and Financial Analysis (IEEFA). “Coal-fired power simply cannot compete with the ongoing cost reductions of renewables. Solar tariffs […]

State-owned CIL’s management is likely to start negotiations with the trade unions this month over the salary hike, a move that is likely to have financial impact on the world’s largest coal miner to a large extent, a trade union leader said on Wednesday. Nathulal Pandey, president of HMS-affiliated Hind Khadan Mazdoor Federation, said Coal […]

A next-generation, small nuclear plant will be built at a soon-to-be retired coal-fired power plant in Wyoming in the next several years, business and government officials said Wednesday. The plant featuring a sodium reactor and molten salt energy storage system will perform better, be safer and cost less than traditional nuclear power, Microsoft co-founder and […]

State Bank of India needs to finance coal projects to meet the Indian leader’s push to electrify more homes, yet it wants to back renewable projects to appease investors like BlackRock Inc. For now it’s doing a bit of both. “Investors’ concerns are very important to us, we take them into consideration,” the lender’s head […]

Heavy rainfall on Tuesday hampered operations to rescue at least five miners trapped for two days deep inside an illegal rat-hole coal pit in Meghalayas East Jaintia Hills district, officials said. The district administration has identified five miners four from Assam and one from Tripura who were trapped at the coal pit in the remote […]

Coal India Ltd., the world’s biggest miner of the fossil fuel, is about to enter negotiations with trade unions over potentially hefty pay hikes at a time when the global push for clean energy is putting the industry’s future into doubt. The Indian coal giant is expected to begin talks this month that could result […]

Assam Police on Tuesday seized around 250 tonnes of coal, which was being exported to Bangladesh from Meghalaya, violating official regulations, officials said. Police said that four people, including three exporters, were arrested for exporting the coal through the Sutarkandi land customs station in Assam’s Karimganj district. Karimganj Superintendent of Police Mayank Kumar Jha said […]

Six miners from Assam, allegedly involved in illegal rat-hole mining in Meghalaya’s East Jaintia Hills district, were feared trapped inside a coal mine after it collapsed, according to information received from the neighbouring state. “Information has emanated from SP Silchar that 6 persons from Assam are trapped in a coal mine in EJ Hills. The […]