Coal India Limited (CIL), an Indian government-owned coal miner, said that it has secured offtake for 608.15 million tonnes (MTs) of coal as of 4 March 2022 for the fiscal year 2022 (FY 22). According to Coal India, the company has gone past the previous highest coal off-take of 608.14MTs, which was secured in FY’19. […]
UltraTech Cement Limited said that it has started mining coal from its Bicharpur coal mines in Madhya Pradesh, India. The Indian cement manufacturing company said that the coal drawn from the Bicharpur mines for its internal consumption. UltraTech Cement expects the development to cut down its dependence on coal purchases to some extent. The company […]
Coal India Ltd has denied media speculation that it has temporarily stopped the supply of coal to non-power customers, saying that no such negotiations or events were going on. The Indian state-owned coal mining company said that due to the low stock position at the power house end because of the spike in economic activities […]
Asian Energy Services Limited (AESL) has won a contract valued at INR 236 crores from Heavy Engineering Corporation Ltd for coal handling infrastructure at Gevra in Chhattisgarh. The contract marks a significant achievement for the company in its efforts to enter the coal infrastructure sector, which had started last year. Formerly, Asian Oilfield Services Limited, […]
Adani Enterprises Limited said that its fully-owned subsidiary — CG Natural Resources Private Limited (CGNRPL) had recently taken part in a tender invited by the Indian Ministry of Coal, and had been declared as the successful bidder for two coal projects in Chhattisgarh. CG Natural Resources has won the Jhigador and the Khargaon coal blocks, […]
PIMS Mining has bagged an AUD 425 million ($310.84 million) contract for providing underground mining services to the Millennium and Mavis Downs Mine in Australia owned by Stanmore Resources and M Resources. The contract awarded by MetRes Pty Ltd., the joint venture between Stanmore Resources and M Resources, is for a duration of five years. […]
Mining industry news : Rio Tinto is all set to exit from coal mining business by selling its 80% stake in the Kestrel coal mine in Queensland to a consortium of EMR Capital and Indonesian coal producer Adaro Energy, for a sum of $2.25 billion. Rio Tinto’s Recent Deals to Exit Coal Mining Business in […]
Mining industry news : Australian-British mining giant Rio Tinto has made a $1.7 billion deal to exit from two Queensland coal mines – the Hail Creek coal mine and the Valeria coal mine in Australia by selling its stakes to Swiss natural resource company Glencore. Rio Tinto has been looking to divest all of its […]