India plans to offer 500 mining blocks to investors, says minister

India is planning to swiftly move forward with a process of offering nearly 500 mining blocks for various minerals to domestic and foreign investors, Pralhad Joshi, minister for coal and parliamentary affairs, said Tuesday. The move comes as part of Prime Minister Narendra Modi’s vision of Atma Nirbhar Bharat, or self-reliant India. This will be the […]

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Major ports’ cargo handling drops by 18% to 193 million tonnes in April-July, 2020

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COVID-19 disruptions and lockdowns caused major ports in  India to witness a continued fall in cargo handling. The cargo handling capacity of major ports registered a 18.06 per cent drop to 193.38 million tonnes between April and July this fiscal, according to the Indian Ports Association (IPA). Cargo volumes at these 12 major ports under […]

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E-auction dates for commercial mining of coal likely to be extended again

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The dates for submission of bids for online auction of coal blocks for commercial mining could be further extended due to disruptions caused by the COVID-19 pandemic. The Centre had earlier extended the dates for submission of technical bids. According to the revised schedule, the last date for submitting a technical bid is 2 pm of September 29, and […]

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Mysteel Global – China’s coal consumption cap at 4.2 billion tonnes by 2025

In its latest draft for China’s coal industry development strategy, the China National Coal Association (CNCA) proposes to limit the country’s total coal consumption within 4.2 billion tonnes by 2025 on the assumption that coal will remain China’s core energy generation source, while the proportion of clean energy will incline further in the coming years. […]

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China’s demand for Australian coal and iron ore surges despite rising animosity

China’s surging demand for iron ore and coal worldwide has boosted Australian exports despite the rising animosity between the two countries. The surge illustrates a two-track trade relationship developing between the economies: imports critical to China’s infrastructure stimulus are climbing while trade bans are imposed on beef, barley and education, which can be sourced from […]

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India sees trade surplus for the first time in 18 years as imports fall higher than exports

India’s exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined, but the country’s trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59 per cent. Exports in value terms declined by 12.41 per cent to $21.91 billion in […]

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Global oil demand may hit 100 million bpd in 2021 if economic recovery sustains: S&P Platts

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Platts Analytics sees continued growth in long-term petrochemicals and peak oil demand in 2021. Indeed, many plastics have sustained net positive growth even during the downturn over the past few months. The International Energy Agency is also skeptical of those writing the obituary for oil demand growth. “If oil demand goes back to 100 million b/d I […]

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