The Bad Deal Dossier: Coal India gives up majority of coal concessions in Mozambique

And the story continues. It began with Rio Tinto, but now it is Coal Indian Ltd (CIL) time as The board of directors of the Indian Group decides to dispose of three-quarters of two mining concessions it has in Mozambique, the group said in a statement issued on the Bombay Stock Exchange. The statement said that the group’s management had decided to retain 54 square kilometres of the concession area and containing coal at a depth…

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Global Mining: Blackout fears loom as India’s coal shortage situation worsens

India is on the brink of a major power crisis as several power plants are running out of coal stocks.The number of thermal power plants with less than seven days of coal stocks has risen to 56 this week from 52 last week, government data showed on Wednesday as reported by Indian Firstpost news wire.

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Mozambique Mining Industry: Coal India quits State consortium exploring coal in the country

The Coal India Ltd group (CIL) has decided to leave the International Coal Ventures Ltd consortium (ICVL), founded by Indian state companies to acquire and explore coal assets abroad, according to a statement filed with the Mumbai Stock Exchange. In a statement, the group said only that the board of directors had decided to leave the consortium, after previously noting that remaining in that group of companies led only to an increase in cost without…

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What Thought You Should Know This: Coal India unions on five day strike from Tuesday

An estimated five lakh employees in the coal industry will begin a five-day nationwide strike on Tuesday to denounce moves towards commercial mining of the fuel. A senior union leader warned that the strike may hit power supply in the country. Coal workers and unions across the country are bitterly opposed to the coal block allocation ordinance that they say could lead commercial mining of the fuel.

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Global Coal Markets: India May Become World’s Largest Coal Importer

It was to be expected. India’s coal imports in September zoomed up by 19% to 16 million tons as compared to a year ago, no thanks to low output from the state-run Coal India Ltd (CIL), according to data by online trader mjunction.

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Mozambique Coal Industry: Rio Tinto offloads Mine assets in the country

A group of Indian state-run metal and mining companies is planning to buy three of Rio Tinto’s coal mines in Mozambique for around $US108 million ($114.7m), said people familiar with the negotiations.

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Mozambique Mining Industry: Moatize Coal due to be exported via Nacala in December

Exports via the port of Nacala, in Mozambique’s Nampula province, of coal mined in Tete province are scheduled to begin in December of this year, according to information given at the 32nd Coordinating Council of the Mozambican Transport and Communications Ministry.

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