February 2024 sees 11.83% jump in India's coal production; CIL leads with 8.69% growth
Coal India Limited (CIL), the nation's leading coal miner, contributed significantly to this growth with a production of 74.76 MT
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Coal India Limited (CIL), the nation's leading coal miner, contributed significantly to this growth with a production of 74.76 MT
While global efforts to phase out coal are progressing, many Asian countries are struggling to reduce their reliance on coal due to growing energy demands and existing infrastructure contracts
The ministry of coal, under the review of M Nagaraju, additional secretary and nominated authority, reported a production of approximately 125.33 million tonne (MT)
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Power Generation: Simultaneously, coal imports for blending saw a significant reduction of 36.69%, dropping to 19.36 million tonnes from 30.58 million tonnes in the corresponding period of the previous year
The event, aimed at fostering innovation and sustainability in the coal sector
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Same production figure of 800 MT Mark was achieved on 8 March, 2023 in the last FY 2022-23
Coking coal prices swing- falling to $248/t mid last year then rising this week for $318/t as Morgan Stanley states, heading up to $340/t.
Europe imported 6.1 million tons of South African coal from RBCT in 2023. It is expected to increase to 10 million tons in 2024, while Europe has simultaneously shut down its own coal mines.
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American Coal Council on LinkedIn:
Coal production witnessed a substantial increase of 10.6 percent in December 2023 over the corresponding month in 2022, marking a notable contribution to the ICI's overall performance.
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Nitin Gadkari: During his speech, the Minister for Road Transport and Highways asked the CIL and the Coal Ministry whether "coal mines which are economically not viable and those with low-quality coal and where mining is almost stopped in Vidarbha and Western Coal Fields (WCL) areas" could be used for coal gasification projects.
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During a media briefing, Union Coal Minister Pralhad Joshi said, "We have created a joint venture between Coal India and GAIL... and we have also created a joint venture between CIL and BHEL."
Latest government data shows coal import for blending declining to 17 million tonne (MT) during the April-December 2023 period from 28.7 MT in the previous corresponding period amid the spike in thermal power output. At the same time, domestic coal-based generation rising to 872 billion units (BU), an increase of 7% from 813.9 BU in the previous corresponding period.
CCL is aiming to register a growth of 26% in its coal production, taking it to 106 million tonne in the upcoming financial year 2024-25 from the current output of 84 million tonne.
- Industry News | The Financial Express
In a move reflecting India's growing focus on green energy, CIL is seeking to acquire a block from the government for lithium exploration, with plans to commence mining upon successful confirmation of lithium deposits.
Japan’s Kawasaki Kisen Kaisha (K Line) has contracted compatriot Nihon Shipyard to build three wide-beam, shallow draft post-panamax coal carriers. The 92,000 dwt ships are methanol-ready and represent a tweak on the designs of K Line’s existing Corona class of post-pamamaxes. The ships will be used to provide coal to Japanese power stations. No price …
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