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Shanxi Province halts colliery approval to tackle overcapacity for 5 years - SteelGuru


Shanxi Province halts colliery approval to tackle overcapacity for 5 years
SteelGuru
It is reported that Shanxi Province in north China will approve no new coal mines for the next 5 years to tackle excess capacity. In line with a guideline, for the next 3 years there will be a moratorium on upgrades to collieries with an annual ...

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Militants kidnap 5 miners in Quetta - Report - SteelGuru


Militants kidnap 5 miners in Quetta - Report
SteelGuru
According to security sources, unknown armed men kidnapped seven miners belonging to the Pakistan Mineral Development Corporation in Quetta's Sorenge area. Later on, kidnappers released two coal miners while others were still in their abduction.

Aspire Mining, China Railways complete first stage Ovoot rail study in Mongolia - SteelGuru


Aspire Mining, China Railways complete first stage Ovoot rail study in Mongolia
SteelGuru
Aspire Mining (ASX:AKM) will work with a China Railways Construction Corporation subsidiary to complete the first stage of the Erdenet to Ovoot Rail Bankable Feasibility Study in Mongolia. This comprises desk top engineering of the entire 547 kilometre ...

CIL to engage consultant on auctioning of coal linkages - Report - SteelGuru


CIL to engage consultant on auctioning of coal linkages - Report
SteelGuru
PTI reported that state-owned CIL will engage an external consultant to examine various structures and implementation models to auction coal linkages. The decision was taken during the recent meeting of Inter-Ministerial Committee (IMC) constituted for ...

Coal blocks scam - SC refuses to interfere in auction process - SteelGuru


Coal blocks scam - SC refuses to interfere in auction process
SteelGuru
In a relief for the government, the Supreme Court refused to interfere with the coal blocks' auction process and allowed it to go ahead in accordance with the Coal Mines Ordinance. A bench of Justices Mr J Chelameswar and Mr Rohinton F Nariman set ...

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Coal block allocation - Former PM denies favouring Hindalco to CBI - SteelGuru


Coal block allocation - Former PM denies favouring Hindalco to CBI
SteelGuru
Former PM Dr Manmohan Singh told CBI that Hindalco was not favoured in any manner in the allocation of Talabira-II coal block and that it was done as per prescribed procedures. Dr Manmohan Singh is believed to have made this point when CBI officials ...

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SCCL plans to secure coal blocks in Odisha and Chhattisgarh - CMD - SteelGuru


SCCL plans to secure coal blocks in Odisha and Chhattisgarh - CMD
SteelGuru
Mr N Sridhar CMD of Singareni Collieries Company Limited (SCCL), said that coal production should grow by 10% per annum to realise the upwardly revised production target of increasing the coal output to 80 million tonnes by 2020. This is imperative to ...

Ukraine, Donetsk, coal production, 2015 - SteelGuru


Ukraine, Donetsk, coal production, 2015
SteelGuru
It is reported that Ukraine's eastern self-proclaimed Donetsk republic plans to raise its coal production by 13% in 2015. This decision was made at a joint meeting of the Coal and Energy Ministry with the republican coal-mining companies on Tuesday.

Peabody Energy announces full year 2014 revenues - SteelGuru


Peabody Energy announces full year 2014 revenues
SteelGuru
Peabody Energy reported full-year 2014 revenues of USD 6.79 billion, leading to Adjusted EBITDA1 of USD 814.0 million. Full-year Adjusted EBITDA includes the impact of USD 26.0 million in fourth quarter charges related to an organizational ...

Peabody Energy cuts dividend after posting loss amid coal slump - SteelGuru


Peabody Energy cuts dividend after posting loss amid coal slump
SteelGuru
Peabody Energy Corporation, the biggest US coal producer by sales, cut its quarterly dividend to less than 1%t a share after posting its 5th consecutive quarterly loss. A statement said that Peabody reduced its dividend to 0.25% a share from 8.5% to ...

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