Shares in Jindal Steel hit hard by rejection of coal block bids
Shares in Jindal Steel and Power Ltd were hit by concerns over the company's ability to feed its power plants after the rejection of its coal mine bids.
Shares in Jindal Steel and Power Ltd were hit by concerns over the company's ability to feed its power plants after the rejection of its coal mine bids.
The Brookings Energy Security and Climate Initiative has launched a new project to focus on the changing nature of coal markets in the 21st century.
Further evidence that quality inspections that took effect in January are holding back shipments.
Coal mine fatalities in China dropped almost 87% to 931 last year from more than 7000 casualties registered in the sector in 2002.
China Shenhua Energy has posted a 19.4% fall in 2014 net profit citing a supply glut and slower demand growth that hurt prices.
China's smog-hit capital Beijing has shut down the third of its four coal-fired power plants as part of its campaign to cut pollution.
Modi had gained approval for swiftly responding to a Supreme Court decision invalidating the allocation of coal blocks to private companies.
The jointly owned coal-mining venture expects all of its operations to be profitable by the end of the year after cost savings and productivity measures.
Japanese utilities are seeking a steeper discount on next year's thermal coal price contracts than the 15% foreign mining companies are willing to accept.
Key Asian mining markets are being thrown into crisis by China's slowdown and industrial reforms.
Drummond is sustaining regular exports despite new restrictions on using the Andean country's main coal railway.
Germany is planning actions to force operators of coal plants to curb production at their oldest and most-polluting power stations.
The coal ministry will decide the fate of nine winning mine bids it is re-examining to rule out any price discrepancies.
China produced 240 million t of coal in holiday-shortened February, down 7.7% from a year ago.
Coal futures dropped to 9-year lows this week after a short-lived rally earlier in the year, forcing many miners to produce at a loss.