China to ban coal imports from small ports from July 1
The Dollar Business Bureau China will ban the imports of coal from July 1 at small ports, according to a report by the state-run newspaper - China Securities Times on Wednesday. China, the world's largest coal consumer, tightens the supply of this fuel as part of its efforts to manage glut as well as smog. The move to ban coal imports is one of the latest attempts by the country to control the coal supply during summer and also to support the prices, which have fluctuated in the previous year in the wake of a series of regulations which are aimed to keep the prices of the fuel high enough so that they can support the miners. The ban will only cover tier II ports that were set up with approvals ...
China to ban coal imports from small ports from July 1
The Dollar Business Bureau China will ban the imports of coal from July 1 at small ports, according to a report by the state-run newspaper - China Securities Times on Wednesday. China, the world's largest coal consumer, tightens the supply of this fuel as part of its efforts to manage glut as well as smog. The move to ban coal imports is one of the latest attempts by the country to control the coal supply during summer and also to support the prices, which have fluctuated in the previous year in the wake of a series of regulations which are aimed to keep the prices of the fuel high enough so that they can support the miners. The ban will only cover tier II ports that were set up with approvals ...
Chidambaranar Port, TANGEDCO ink pact to upgrade coal jetties to handle 24 mn tonnes
The Dollar Business Bureau One of the top major ports in the country, the VO Chidambaranar (VOC) Port and Tamil Nadu’s Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) inked an agreement today to increase the capacities of two coal jetties at the port four-fold to 24 million tonnes for Rs 800 crore. The pact will upgrade two coal jetties at VOC Port - Jetty I and II -- from 6.25 MTPA (million tonne per annum) to 24 MTPA. The Ministry of Shipping in a press a statement said: "The VOCP Trust signed a Memorandum of Understanding with Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for the upgradation of Coal Jetty I and II.” The Minister for Shipping Nitin Gadkari said that coal ...
UltraTech secures coal linkages for cement plants
The Dollar Business Bureau UltraTech Cement Ltd has taken part in the recently held auction of coal linkages for cement sector. It has secured coal supply linkages for its cement plants in the State of Maharashtra, the company said in a statement on Thursday. In an auction held on June 28, Ultratech won the coal linkages from Penganga OC mines to supply 52,000 tonnes per annum (TPA) of G10 Grade at a basic floor price of Rs.1,510 per tonne and a premium of Rs.20 per tonne, the statement said. During the auction held on July 1, the company has bagged 30,000 TPA of Grade 8 coal supply from Mana Incline at a basic floor price of Rs.2060 per tonne. These coal linkages in favour ...
Cabinet okays plan to upgrade Paradip Port coal export handling capacity
Source: PIB, Government of India The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has given its approval to the project of Mechanisation of East Quay (EQ) Berths-1, 2 and 3 at Paradip Port on Build, Operate and Transfer (BOT) basis, under Public Private Partnership (PPP) mode for handling thermal coal exports. The estimated cost of the project is Rs.1437.76 crore of which Rs.1412.76 crore will be spent by the concessionaire. The remaining Rs.25 crore will be spent by the Paradip Port Trust on dredging. The project envisages mechanization of EQ 1, 2 and 3 Berths to increase their capacity from the existing 7.85 million tonnes to 30 million tonnes. The project is scheduled to be ...
