News  COAL & MINING NEWS

Coal imports down 25 per cent at 14 MT in December

731 times viewed
Source: PTI
Monday, January 16, 2017
Coal imports fell by 25 per cent to 14.31 million tonnes in December, due to higher availability of domestic fuel.
 
The country had imported 19.15 million tonnes of coal in December 2015.
 
"Coal import (all type of coals) in December 2016 stood at 14.31 million tonnes (provisional) against 19.15 MT in December 2015," mjunction, an online procurement and sales platform floated jointly by state-run SAIL and Tata Steel said.
 
The coal import in November, 2016 was at 12.51 MT.
 
"...year-on-year imports were lower because public sector power generation companies have virtually stopped buying imported coal as they are getting almost sufficient supplies of domestic coal," mjunction CEO Vinaya Varma told PTI.
 
mjunction is a joint venture between Tata Steel and Steel Authority of India Ltd (SAIL).
 
Further, Varma said, there was sharp increase in non-coking coal imports in December as compared to November last year as non-power sector consumers started stocking up the material in the aftermath of softness in international prices towards end of November.
 
"International coal prices softened by 15 per cent in the first week of December 2016 compared with the prices prevailing in the third week of November and this prompted price-sensitive Indian consumers to bring in higher quantities of imported coal that has consistency in quality," Verma added.
 
Expressing concern over import of coal despite being surplus in the dry fuel, Coal and Power Minister Piyush Goyal had earlier said that Coal India has set a target to replace about 15 MT of imported coal with indigenous fuel in the next few months.
 
Helped by a record coal production by the world's largest coal miner Coal India, India reduced its import bill of the dry fuel by more than Rs 28,000 crore in the last fiscal.
 
 
 
Tata Steel’s mine gets first drone application
PTI Steel 16 Jan 2017
 
Private steel major Tata Steel’s Noamundi Iron-ore mine in West Singhbhum district of Jharkhand is all set to become the first mine of the country to launch ‘Drone Application in Mine Monitoring' on Monday.
 
Noamundi Iron Mine of Tata Steel will become the first mine in India to launch ‘Drone Application in Mine Monitoring’ on January 16, said a Tata Steel press release here, adding the DAMM will be launched by Secretary, Ministry of Mines, Balvinder Kumar.
 
Under the Flagship programme ‘Make in India', Prime Minister Narendra Modi emphasised on role of space science for achieving good governance during his address at the National Meet on Promoting Space Technology based Tools and Application in Governance and Development.
 
Based on the Prime Minister's vision, Ministry of Mines launched MSS (Mine Surveillance System) on October 15, 2016. MSS is a satellite-based monitoring system through automatic remote sensing detection technology to have responsive mineral administration by curbing illegal mining and public participation.
 
Others likely to be present on the occasion are RK Sinha, Controller General, Indian Bureau of Mines, A B Panigrahi, Controller of Mines (CZ), Indian Bureau of Mines, Rajeev Singhal, Vice President, Raw Materials, Tata Steel, Pankaj Kumar Satija, General Manager (OMQ), Tata Steel and Manish Mishra, Chief (Regulatory Affairs), Tata Steel.
 

 



Comments:



Post Your Comment:

Name:*
    
E-mail:*
    
Comments:*
    


Also Read:

»

Adani's $3.5 billion debt-funded 'investment' in Australia at risk: Report

»

Coal India, arms set up control rooms to track coal stocks with power plants

»

Growth in coal use falls in last 10 yrs as India eyes Paris goal

»

Coal India's April-July output at 155 mt, misses target by 13 mt

»

Coal India's e-auction of coal sales up by 32 per cent in Q1

»

KPMG to ready Vision 2030 for Coal India

»

Coal on the rise in China, US, India after major 2016 drop

»

Dhanbad-Chandrapura railway track closure hits coal supply to power plants

»

Power plants seek Coal India’s e-auction calendar

»

Coal India to save Rs 800-1000 cr by closing 37 unviable underground mines

News  NEWS ARCHIVE
   
Home | Recent News | Privacy Policy | Disclaimer | Feedback | Sitemap | Contact Us

© Copyright Power Hub 2012-2014, All rights reserved.