State-run miner Coal India on Wednesday said it is working towards listing its subsidiary Bharat Coking Coal (BCCL). It will be followed by the listing of its another arm Central Mine Planning & Design Institute (CMPDI). “We have identified the banks. First, we will be listing BCCL, and CMPDI will follow,” Coal India chairman-cum-managing director […]
Category: Coal
Thungela profit tumbles on lower coal prices and rail woes
Thungela Resources, South Africa’s largest shipper of coal burned in power stations, suffered a 69% drop in first-half profit, hit by lower prices and transportation problems, it said on Monday. The Johannesburg-based thermal coal producer spun off from Anglo American in 2021 added that it could be forced to “structurally resize the portfolio in response […]
Trials for Coal India’s in-house e-auction platform successful: Officials
The trials for Coal India’s in-house e-auction platform have been carried out satisfactorily, and the mechanism can have a full-fledged rollout across the company’s coal-producing subsidiaries, officials said Sunday. A total of seven trial auctions involving nearly 18 million tonnes of coal have been conducted, they said. The mining major has entrusted its wholly owned […]
JSW weighs majority stake in Teck coal unit
Sajjan Jindal-led JSW Steel is planning to bid for a majority stake in Teck Resources’ coking coal business. The Canadian company is considering various proposals, including a partial sale of its steel-making coal business. The Indian company has initiated discussions with Teck Resources to acquire anywhere between 20% and 75% stake in latter’s steel-making coal […]
First Mile Connectivity to be a catalyst of change for coal transportation! What exactly is govt’s plan? Know all about FMC’s pivotal role & benefits
With the aim of bolstering India’s energy security and advancing the vision of a self-reliant nation as outlined in the concept of Atmanirbhar Bharat, the Ministry of Coal is actively engaged in the formulation of the National Coal Logistic Plan. This comprehensive plan encompasses the concept of First Mile Connectivity (FMC), a transformative approach centered […]
CIL explores acquisition of lithium, cobalt, nickel assets abroad
For diversification and value chain integration, state-run coal miner Coal India is exploring the acquisition of lithium, cobalt, and nickel assets abroad. Meanwhile, the company on Tuesday said it registered a 13.4% year-on-year growth in coal production at 53.6 MTs in the month of July.
Drone-as-a-service model finds clients across sectors
From agriculture and infrastructure to logistics and disaster management, drones are unlocking new opportunities and efficiencies, propelling India into the future.
NTPC’s captive coal mines production nearly doubles to 8.48 MMT in April-June
The production from captive coal mines of NTPC almost doubled to 8.48 million metric tonnes (MMT) in the first quarter of FY24, a statement said on Saturday. NTPC produced 4.27 MMT coal from its captive mines in Q1 FY23, the company said in the statement.
Coal India to achieve output target for this fiscal, says Prasad
PM Prasad, who assumed the charge of chairman-cum-managing director of state-run Coal India (CIL) from Saturday, said the company would achieve the 780 million tonne (MT) output target for this fiscal with “all efforts and means available at its disposal”. “On supply side, ensuring uninterrupted coal flow to the power sector is another priority area,” […]
Technical bids for 7th coal block auction to open on Wednesday: Coal Ministry
Technical bids coming for the seventh round of commercial coal block auctions will be opened on June 28, an official statement said on Monday.”As part of the auction process, Technical Bids comprising of online and offline bid documents will be opened on June 28, 2023, 10:00 am onwards at New Delhi, in the presence of […]
Even after coal, CIL will remain a viable entity: Pramod Agrawal
Coal India (CIL) has set a target of producing 1 billion tonne (BT) coal by FY26. Just last fiscal, it increased its output by 81 million tonne (MT) to 703 MT. The state-run miner aims to help substitute 100 MT of coal imports and begin exports next fiscal. Outgoing chairman Pramod Agrawal says coal will […]
41% of big miners feel won’t survive 10 years: PwC
Forty-one percent of the mining CEOs polled in the PwC’s 26th Annual Global CEO Survey don’t think their companies will be economically viable in 10 years if they continue on their current path. “Miners can no longer depend on yesterday’s portfolios and practices to create value in this newly dynamic and fiercely competitive landscape,” PwC […]