India cuts dependence on Australian coal as exports to
Australia''s share in India''s coking coal market fell to 71 per cent, or million tonnes, during the year ended March 2019 from about 88 per cent three years ago, India coal ministry data
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Australia''s share in India''s coking coal market fell to 71 per cent, or million tonnes, during the year ended March 2019 from about 88 per cent three years ago, India coal ministry data
Jun 06, 2017#0183;#32;An Indian billionaire is forging ead with a massive coal mine in Australia that activists say will be a disaster for the environment. Related: India to sell only electric cars by 2030.
It expects India''s coking coal consumption to grow at a yearly average rate of % between 2019 and 2028, driven by an equally robust expansion in steel production in the country.
#0183;#32;India''s Jindal Steel and Power, which runs a coking coal mine in Australia''s New South Wales, also declared force majeure, with mining operations halted by nonstop rains.
Apr 07, 2017#0183;#32;India''s Jindal Steel and Power, which runs a coking coal mine in Australia''s New South Wales, also declared force majeure, with mining operations halted by nonstop rains.
India Business News: New Delhi, Aug 2 Stateowned CIL has identified seven coking coal assets in Australia for acquisition and is also in discussions with a few mine ow
Jun 24, 2019#0183;#32;KOLKATA: Coal India is looking for minority stakes in operational coking coal mines in Russia, Canada and Australia. Based on its experience it may gradually increase stakes, following which it may buy them out, and then look for new blocks in these countries, a senior Coal India executive said.
May 10, 2012#0183;#32;India is importing 35 MT of coking coal every year about 60 to 70 per cent from Australia which is close to India and the rest from US and New Zealand, Mr. Verma said.
Coal India says efforts to buy coal mines in Australia in process. India''s dependence on imports is particularly heavy on coking coal which is an important ingredient in the steel making process.
Indias Jindal Steel and Power, which runs a coking coal mine in Australias New South Wales, also declared force majeure, with mining operations halted by nonstop rains.
Oct 02, 2020#0183;#32;CIL looking to buy stakes in overseas coking coal mines. Stating that the entire demand of coking coal is not met indigenously, Goyal said Indian consumers import metallurgical coal mainly from Australia. 20 Dec, 2017, PM IST
MELBOURNE: Australia''s Queensland state gave final approvals for a large coking coal mine in the Bowen Basin on Tuesday as it acts to shore up jobs in the resources industry amid coronaviruslinked disruptions and ead of a state election next month. State Mines Minister Anthony Lynham said in a statement that preparation work for construction at the Olive Downs mine could begin immediately.
Australia exported 204 million tons of thermal coal and 178 million tons of coking coal in 2018, right behind Indonesia for No. 1 in the world. Exports are expected to increase slightly through 2020.
Dec 03, 2020#0183;#32;The sharp rise in coking coal is mainly related to the sharp drop in Mongolian coal customs clearance, Hexun analysts said in the Dec. 1 note. At the same time, coal mine safety supervision is tightening and the import of Australian coal is still restricted. Coking coal futures in Dalian rose % Wednesday to 1,535 yuan (234) a
The new approach aims to make the countrys coal reserves more commercially attractive, and increase profits for coal miners. Coal mines will be allowed to sell their output on ROM basis in the open market by making additional premium payment on such sale under the Coal Mines (Special Provisions) Act, 2015 and the Mines and Minerals (Development and Regulation) Act, 1957.
NEW DELHI: World''s largest coal miner CIL is planning to acquire coking coal mines in Australia as it looks to supplement the requirement of country''s metallurgical coal. quot;The government of Australia has put on offer some coking coal blocks. Coal India (CIL) has initiated dialogues with the Australian government with regard to acquiring some mines there,quot; a source privy to the development said.
#0183;#32;Coal India plans to submit binding bids for acquiring stakes in coking coal assets in Australia and Canada by March 2020. The firm is in the process of appointing merchant bankers for the assets it has identified. The quantum of stake to be bought would be decided after a due diligence.
Coal India Says Efforts To Buy Coal Mines In Australia In Process India''s dependence on imports is particularly heavy on coking coal which is an important ingredient in the steel making process
#0183;#32;Coal, the commodity that noone wants to talk about, is staging a comeback as investment banks warm to the profits from improving prices and a new mine in Australia, being built to meet Indian
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