Chhattisgarh announces not to build new coal power plants in the state

The central Indian state of Chhattisgarh, home to the country’s third-largest coal reserves, will not build any new coal power plants, Shailendra Kumar Shukla, chairman of Chhattisgarh State Power Distribution Company, a state-owned utility, told Quartz India. This comes only days after the government in the western state of Gujarat announced it will not give […]

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India’s new FDI policy may not be enough for private coal mining to take off, say experts

Investment in coal has been declining as both global mining corporations and international banks try to address the climate crisis. Rio Tinto has exited the thermal coal business—that is, coal used in power plants. Both Anglo American and BHP are said to have begun the process of divesting their thermal coal assets. Earlier this year, […]

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Eight core sectors growth slows to 2.1% in July; Manufacturing growth falls to 15-month low in August 2019

Growth of eight core industries dropped to 2.1 per cent in July mainly due to a contraction in coal, crude oil, natural gas and refinery products, according to official data. The eight crore sector industries – coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity – had expanded by 7.3 per cent […]

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Coal ministry rejects Niti Aayog’s proposals on raising mining output

Terming them “completely contrary to principles of transparency”, the Union coal ministry has rejected the recommendations of a high-level committee of Niti Aayog on ramping up coal production. The panel had suggested to put an end to captive coal block allocation and conduct auctions only for commercial mining. “Any sudden change in policy pushing for […]

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Despite Indian government’s wish to cut coal imports, Australia bets on coal exports to India

The Australian government thinks there are opportunities to boost coal exports to India. The Indian government wants to cut imports by half by boosting domestic output. Fact: both could turn out to be correct. The Australian government’s Office of the Chief Economist released a report in which it said the outlook for India’s coal imports […]

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NMDC plans special purpose vehicles with state govts to set up steel plants

Going by the annual reports of the public sector mining major, National Mineral Development Corporation, NMDC will set up Special Purpose Vehicles (SPVs) with the governments of Jharkhand and Karnataka to set up steel factories. Its SPV in Jharkhand has already selected the site and applied for allocation of land, water and power. In Karnataka, […]

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EIA forecasts US coal production to drop 2.7 per cent on year in 2019

The US Energy Information Administration (EIA) forecast coal production totaling 688 million tonnes in 2019, down 2.7 per cent from the year-ago production, the EIA’s Short-Term Energy Outlook reported. August ’s forecast  for 2019 output was up 0.6 per cent from July’s forecast , and the first  increase in four months. The 2020 projection increased, […]

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