Declining coal prices has seen South Africa-focused coal miner Universal Coal report a 76% decline in operating profits for the half year ended December, while net profits after tax fell by 95% compared with the previous corresponding period.
Universa…
Falling prices hit Universal Read More »
Despite a decline in coal supplies to the power sector by State-miner, Coal India Limited (CIL), during April 2019 to January 2020, no thermal power plant of India’s largest power producer, NTPC, is facing any shortage of dry fuel, indicating low deman…
Despite a decline in coal supplies to the power sector by State-miner, Coal India Limited (CIL), during April 2019 to January 2020, no thermal power plant of India’s largest power producer, NTPC, is facing any shortage of dry fuel, indicating low deman…
The Federal Trade Commission (FTC) on Wednesday filed an administrative complaint challenging a proposed joint venture (JV) between the two largest coal-mining companies in the US, on concerns that the transaction will eliminate competition.
Through t…
FTC moves to block Peabody and Arch Coal JV Read More »
Coal miner Universal Coal has launched proceedings in the High Court of Justice of England and Wales against an unsolicited bid by fellow-listed TerraCom.
The litigation has been started to allow Universal Coal’s bid committee to enforce sanctions set…
Universal launches legal bid to stop TerraCom offer Read More »
Coal miner Universal Coal has launched proceedings in the High Court of Justice of England and Wales against an unsolicited bid by fellow-listed TerraCom.
The litigation has been started to allow Universal Coal’s bid committee to enforce sanctions set…
Universal launches legal bid to stop TerraCom offer Read More »
India’s NLC has firmed up plans to increased downstream activity, targeting power generation of 21 011 MW by 2025, of which at least 20% will be from renewable energy sources. In the current financial year, with the commissioning of the 500 MW first un…
NCL firms up plans to increase power generation capacity Read More »
India’s Singareni Collieries Company Limited (SCCL) has firmed up capital expenditure (capex) of $423-million for 2020/21 and increased its coal production target to 67.5-million tons, up from the targeted 66-million tons of the current financial year….
India’s SCCL firms up capex to achieve 67.5Mt production next year Read More »
Large Indian coal consuming companies planning to enter commercial coal mining have asked the government to bundle mandatory approvals before putting up blocks for auction.
The companies made a presentation at a recent meeting where government sought…
Prospective coal block bidders seek bundled approvals Read More »
The Indian government has framed a scheme to offer funds to the technical and consultancy arm of State miner Coal India Limited (CIL) to expand exploration activities so that more fully explored coal blocks could be put up for auction for bidding by p…
India’s Coal Ministry to fund CIL technical wing to increase exploration activity Read More »
