Page 4 - Coal Industry

Centre plans to launch 'Coal Reforms 3.0', eyes non-power sectors

CoalMin plans to unlock domestic coking coal availability via several steps

India targets higher domestic coal production, reduced imports: Govt

India, which is under pressure from rich economies to stop or reduce coal use, has plans to set up new coal power plants with power generation set to begin four years later

Colombia will suspend coal exports to Israel over Gaza war, says Prez Petro

Colombian President Gustavo Petro announced on Saturday that his country will suspend coal exports to Israel over the war in Gaza, as relations sour between two countries that were once close military and commercial allies. Petro wrote on the social media platform X that coal exports will only resume when the genocide in Gaza stops. Petro also posted a draft decree, which says that coal exports will only resume if Israel complies with a recent order by the International Court of Justice that says Israel should withdraw its troops from the Gaza strip. According to Colombia's National Statistics Department, coal exports to Israel were worth more than $320 million in the first eight months of last year. That's a small fraction of the nation's overall coal exports which were worth more than $9 billion in 2023. Israel imports more than 50% of its coal from Colombia, according to the American Journal for Transportation, and uses much of it to feed its power plants. Petro, who was elected

Major world economies seek to halt financing of private sector coal deals

Under the plan, financial institutions would fund the early retirement of coal plants, rather than divest from these assets

Coal production in India rises 10% to 83.91 mn tonnes in May: Govt data

The country's coal production rose by 10.15 per cent to 83.91 million tonnes (MT) in May compared to 76.18 MT in the year-ago period. Coal production by state-owned CIL rose by 7.46 per cent to 64.40 MT in May compared to 59.93 MT in the year-ago period, according to the Coal Ministry's provisional data. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output. "Additionally, coal production by captive and other entities in May 2024 stood at 13.78 MT (provisional), reflecting a growth of 32.76 per cent from the previous year, which was 10.38 MT," the ministry said in a statement. Similarly, India's overall coal dispatches in May reached 90.84 MT, up by 10.35 per cent as against 82.32 MT reported in the same period last financial year. During the reported month, CIL dispatched 69.08 MT of coal, with a growth of 8.50 per cent compared to the corresponding period of the previous fiscal when it was 63.67 MT. The total stock of dry fuel with coal companies stands at

400 Dumka villagers boycott voting over coal dumping yard construction

Over 400 people in a village in Dumka district boycotted voting in the seventh and final phase of the Lok Sabha polls on Saturday to protest against the construction of a coal dumping yard, an official said. A total of 426 voters did not exercise their franchise at booth number 94 in Bagdubhi village, a part of the Dumka Lok Sabha constituency, he said. Out of 430 voters enrolled in the booth, only four electors have exercised their franchise till 3 pm, Dumka Circle Officer Amar Kumar told PTI. He said the villagers have been protesting against the construction of the Railways' coal dumping yard. Sub-divisional Officer Ajay Kumar held a meeting with the villagers and assured them of raising the issue with higher authorities. However, they did not agree to vote. A representative of the village, Lakshman Soren, told PTI, We made it clear that if the SDO gives us an assurance in writing to stop the construction of the yard, we will go to cast our votes. But, we were not given any suc

China plans to cut CO2 emission in key sectors by 1% of 2023 level

The plan said China would 'strictly' control coal consumption, 'reasonably' control petroleum consumption and promote use of biofuel and sustainable aviation fuel

Coal India incorporates new subsidiary for coal-to-chemical business

State-owned Coal India on Tuesday announced the incorporation of a subsidiary firm, Bharat Coal Gasification and Chemicals Ltd (BCGCL) for undertaking a coal-to-chemicals business. Coal India (CIL) holds a majority 51 per cent stake in the new entity while the remaining 49 per cent is owned by BHEL, the coal behemoth informed the BSE. Coal India in February signed a joint venture agreement with Bharat Heavy Electricals Ltd (BHEL) for undertaking a coal-to-chemicals business. Clearance of NITI Aayog and the Department of Investment and Public Asset Management (DIPAM) has been received for the formation of the joint venture company between BHEL and CIL, the filing said. "Bharat Coal Gasification & Chemicals Ltd has been incorporated...for coal to chemicals business to produce ammonia and nitric acid as intermediate products and ammonium nitrate as end product," the filing said. Meanwhile, CIL had signed a Memorandum of Understanding (MoU) with GAIL for setting up of ...

Vedanta Aluminium turning to renewables, not adding coal capacity: CEO

Coal accounts for nearly 50% of the country's installed power capacity of 443 GW

BEML bags order worth Rs 250 cr from Northern Coalfields for dump trucks

BEML Ltd has secured an order worth Rs 250 crore from Northern Coal Fields Limited (NCL) for the supply of 28 units of BH100 rear dump trucks, the company said on Friday. The BH100 rear dump truck is engineered to transport payloads of up to 100 tonnes, specifically designed for the efficient handling of overburden and coal in mining operations, they said. In a statement, BEML Ltd said, "The dumpers will be maintained under a Guaranteed Spare Parts contract for a period of five years, ensuring uninterrupted service and operational efficiency. The BEML BH100 rear dump truck is renowned for its robust design, advanced features, and operational efficiency, making it a preferred choice in the mining industry." Designed to transport payloads of up to 100 tonnes, the BH100 is ideal for heavy duty mining operations, particularly for handling overburden and coal. Engineered for fuel efficiency, the BH100 helps reduce operational costs while maintaining high performance levels, it said. "Ou

Despite India's renewables push, it's fossil, fossil burning bright

With a record hot summer and with unprecedented weather events feared this year, India's grid operators are falling back on coal

India's coal import surges 8% to 268 MT in FY24 due to rise in power demand

India's coal import rose by 7.7 per cent to 268.24 million tonne (MT) in FY24 driven by softness in seaborne prices and likelihood of increase in power demand during summer. The country's coal import was 249.06 MT in FY23, according to data compiled by B2B e-commerce company mjunction services. Coal import in March FY24 also rose to 23.96 MT, over 21.12 MT in the corresponding month of the previous fiscal. Of the total volume recorded in March 2024, non-coking coal import stood at 15.33 MT, against 13.88 MT in March FY23. Coking coal import in March 2024 was 5.34 MT against 3.96 MT a year ago. During FY24, non-coking coal import was at 175.96 MT, higher than 162.46 MT imported during FY23. Coking coal import was at 57.22 MT in 2023-24, against 54.46 MT in 2022-23. "There was an increase in coal import volumes due to the continued softness in seaborne prices and expectation of a demand uptick during the summer season. However, as there is ample availability of domestic coal in the

Rail freight grows at 1.4% in April; coal cargo rises by 6.3%

Coal cargo falls by nearly 8 per cent on cooler April in north, west India

Rajasthan plans to go all out on solar, shun coal, to meet power demand

According to the plan, subsidised rooftop systems are to be installed at 500,000 houses in the first phase of PM Suryaghar Yojana in the state

Coal India's contribution to govt exchequer up 6.4% at Rs 60,140 cr in FY24

State-owned Coal India Ltd's contribution to the government exchequer increased by 6.4 per cent to Rs 60,140.31 crore in FY24, over the financial year 2022-23. Coal India Ltd (CIL), which accounts for over 80 per cent of domestic coal output, paid Rs 56,524.11 crore to the government exchequer in FY23, according to provisional figures of the coal ministry. Total levies paid to the government in March 2024 also went up by 14.8 per cent to Rs 6,069.18 crore from Rs 5,282.59 crore paid in the corresponding month of FY23. Of the total Rs 60,140.42 crore paid to the government exchequer in FY24, maximum amount of Rs 13,268.55 crore was made to the state government of Jharkhand, followed by Rs 12,836.20 crore to the Odisha government, Rs 11,890.79 crore to Chhattisgarh, Rs 10,865.96 crore to Madhya Pradesh, and Rs 6,188.89 crore to Maharashtra among others. The coal-producing states earned the revenue from royalty, District Mineral Foundation (DMF) and National Mineral Exploration Trust

JSW group, Japan's JFE in race to acquire 30% in Australian mine

Several Indian companies including Tata Power, Adani, and the Essar group had acquired coal mines overseas as part of their strategy to secure their raw material supplies

Sampling, grading of coal at 427 mines completed; to be applicable for FY24

The coal ministry on Wednesday said it has completed the annual exercise of sampling and grading of coal at 427 mines and the new fuel grade will be applicable from April 1 this year. Of the total 427 mines, 331 are central public sector units, 69 under state governments and 27 private sector mines, the coal ministry said in a statement. "To ensure the correctness of the grade, the samples drawn were analyzed in two different labs," it added. The ministry further said, the process of "declaration of annual grading of seams of mines as per laid down procedure has been completed" and the declared grade will be applicable with effect from April 1, 2024. The Coal Controller's Organisation (CCO), having its field offices at Dhanbad, Ranchi, Bilaspur, Nagpur, Sambalpur, and Kothagudem, carried out the exercise of drawing the coal samples and its analysis from coal and lignite mines for the ongoing financial year. CCO, a subordinate office of the coal ministry, lays down the procedure an

China's March coal output drops 4.2% amid oversupply, weak demand

Averaged out against expected production increases by some other provinces, China's total output will be about 1 per cent higher in 2024, an industry group has forecast

Coal fuels India's power demand as growing economy crushes green hopes

Electricity consumption in India is growing at the fastest rate of any major economy, driven by rising temperatures and incomes, which have pushed up sales of power-intensive appliances like ACs

India doubled new coal power capacity in 2023: Global Energy Monitor

The survey also revealed a substantial increase in coal power proposals in India, with both public and private sectors proposing 11.4 GW of new capacity