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Peabody Energy among final two bidders for coal mine in Mongolia - SteelGuru


Peabody Energy among final two bidders for coal mine in Mongolia
SteelGuru
Peabody Energy is one of two remaining bidders for a contract to develop the Tavan Tolgoi coking coal deposit in Mongolia, which holds 7.4 billion tons of the coal used to make steel. Development of the mine has stalled since a botched tender in 2011 ...

Sesa Sterlite key player in upcoming coal auction - SteelGuru


Sesa Sterlite key player in upcoming coal auction
SteelGuru
Sesa Sterlite's (SSTL) underperformance in our view has been more driven by a lack of any positive news flow on the regulatory front rather than the commodity sell-off. We believe the upcoming coal block auction is the first key catalyst, and we expect ...

Mr Sutirtha appointed as news CM of CIL - SteelGuru


Mr Sutirtha appointed as news CM of CIL
SteelGuru
The Appointments Committee of Cabinet (ACC) headed by PM Mr NarendraModi on Thursday cleared the name of Mr SutirthaBhattacharya for appointment as the next CMD of CIL. The Public Enterprises Selection Board (PESB) had proposed his name to ...

Coal blocks allocation - 101 cancelled mines to be put up for auction under ... - SteelGuru


Coal blocks allocation - 101 cancelled mines to be put up for auction under ...
SteelGuru
Business Standard reported that bidding for coal blocks will now have different methodologies for the power sector and for other users. Where the end use is generation of power, there will be a reverse auction to prevent a cascading effect on power ...

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SC rejects 2 petitions against coal ordinance - Report - SteelGuru


SC rejects 2 petitions against coal ordinance - Report
SteelGuru
It is reported that the Supreme Court recently dismissed petitions filed by 2 firms including the Calcutta Electric Supply Corporation (CESC) Ltd against the Ordinance that has paved way for auctioning of coal mines across the country. A three-judge ...

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Anglo American preparing plans for scaled back version of Drayton South mine - SteelGuru


Anglo American preparing plans for scaled back version of Drayton South mine
SteelGuru
Anglo American said that a scaled back version of its controversial Drayton South Hunter Valley coal project will still be economically viable. The new proposal to mine 75 million tonnes over 15 years will address the issues raised by the Planning ...

Minersworker's union warns PAC Hunter Valley needs MTW super pit - SteelGuru


Minersworker's union warns PAC Hunter Valley needs MTW super pit
SteelGuru
The mineworkers' union told the Planning Assessment Commission (PAC) the Hunter region cannot afford to lose the Mount Thorley-Warkworth coal mine. CFMEU northern district president Mr Peter Jordan was among 50 speakers on the opening day of the ...

Grasstree mine unlikely to reopen this year - SteelGuru


Grasstree mine unlikely to reopen this year
SteelGuru
Argus reported that UK based mining firm Anglo American's Grasstree underground coking coal mine in Queensland, Australia is likely to stay closed for the remainder of this year after the death of a worker. Grasstree is one of four mines that make up ...

Centre fixes coal auction floor price at INR 150 a tonne - SteelGuru


Centre fixes coal auction floor price at INR 150 a tonne
SteelGuru
The government announced draft rules for auctioning 92 coal mines in the first phase and fixed the floor price at INR 150 a tonne for thermal power, steel and cement sectors. In its blueprint for the auction, the coal ministry said the e-auctioning ...

70 year old coal worker dies in unlicensed coal mine in Turkush - Report - SteelGuru


70 year old coal worker dies in unlicensed coal mine in Turkush - Report
SteelGuru
It is reported that a 70 year-old miner lost his life after being severely injured in an unlicensed coal mine that collapsed in the northern Turkish province of Zonguldak. Mr Fahrettin Karamusoglu, the miner, was taken to Zonguldak Atatürk State ...

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