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Barapukuria Coal Mine Company To Export 200,000 tonnes Coal Mine Exploration Result
Authorities have shelved a proposal to export 200,000 tonnes of high quality and expensive coal by the Barapukuria Coal Mine Company Ltd (BCMCL) and asked it to go for local market sale first.
Sources say frustrated by a lack of interest in local buyers, who prefer cheaper but environmentally hazardous coal from India, BCMCL sought permission [...]
India Mining Companies, Need New Policy for Iron Ore Mine Exploration and Export
Mines Minister Sis Ram Ola has sought Prime Minister Manmohan Singh’s intervention in reviewing present policy for export duty on iron ore, saying it is inimical to growth of the mining sector.
In a letter to the Prime Minister, Ola said India has sufficient resources of iron ore to meet the requirement of the domestic steel [...]
The price of coal trends to increase
Pike River Coal (PRC) is bullish about coal, ahead of new international prices being set next month.
Pike coal is due to come into production from late April, and prices for that coal will be influenced by November’s talks between Australian coal producers and northern hemisphere customers.
PRC chairman John Dow said supply problems had helped push [...]
Delay in coal import hits steel, power cos
Indian companies like SAIL and Tata Power have been losing sleep over the huge delay in shipment of coal that comes from New Castle in Australia.
First there was a delay due to bad weather and now the port congestion has further blocked shipment.
The vessels that carry coal from Australia’s New Castle, the world’s biggest export [...]
India’s steel industry steps onto world stage
Tata Group’s new status as the world’s fifth-largest steel firm signals a milestone for the Indian economy.
There was much jubilation in India when the Tata Group, an Indian conglomerate, won a bid late last month for the Corus Group, an Anglo-Dutch steel firm. The deal catapulted the new global entity to become the world’s fifth-largest [...]
Petro-Power and the Nuclear Renaissance
With global demand for energy constantly rising and supplies contracting (or at least failing to keep pace), the world is being ever more sharply divided into two classes of nations: the energy haves and have-nots, says Michael Klare.
Not “Islamo-fascism” but “Energo-fascism” — the heavily militarized global struggle over diminishing supplies of energy — will dominate [...]
Indonesia’s Riches Draw China, India
When it comes to energy and industrial commodities, China and India are Asia’s fiercest competitors. For the last couple of years, both Chinese and Indian companies have done deals across the globe — from Latin America to Africa — to win oil exploration rights or secure long-term raw material contracts.
Now they have set their sights [...]
Hard road to extract Pike River coal
THE FLOAT OF New Zealand Oil & Gas’ subsidiary Pike River Coal Ltd next month is set to create the country’s second largest coal exporter and inject up to $30 million a year into the jaded Greymouth economy.
Details of the float, the share allocation and amount sought, can not be revealed because of stock exchange [...]
Indian buyers replace Chinese coal with S. African
Indian coal consumers who rely on imported Chinese and South African material are finding it impossible to obtain Chinese tonnes, Indian and European traders said.
Cement and sponge iron makers on the West coast of India, especially, have been seeking more prompt South African coal cargoes as a result, traders said.
