Saturday, 25 Feb 2012
China Taiyuan Coal Transaction Center, China’s first trading platform for coal commodities, started operation today with 722,800 tons traded, the official Xinhua News Agency said, citing center Director Qu Jiawu.
All coal companies in Shanxi province are asked to trade 95% of their output at the center, which is located in Taiyuan, the provincial capital, Xinhua said. Coal production in Shanxi accounts for almost a quarter of the country’s total.
(Sourced from Bloomberg)
Showing posts with label operations. Show all posts
Showing posts with label operations. Show all posts
Saturday, February 25, 2012
Wednesday, February 15, 2012
NTPC told to begin production from 5 de allocated coal blocks
Wednesday, 15 Feb 2012
Mr P Uma Shankar Power Secretary at an Operation & Maintenance conference said public sector power major NTPC has been asked to begin production from five mines re-allocated to it by the Coal Ministry. The blocks had earlier been taken away after the company failed to develop them.
He said that “Some of NTPC coal mines were de-allocated now they have been re-allocated they should do something to increase production from those blocks.”
Last year, the Coal Ministry had cancelled allocation of five blocks Chatti Bariatu, Chatti Bariatu, Kerandari, Brahmani and Chichiro Patsimal to NTPC as it could not develop the mines within the stipulated timeframe.
In his address to the conference, the Union Minister of State for Power Mr KC Venugopal said the country should seriously focus on improving availability of domestic coal by developing more mines and had to find ways to improve fuel security.
He asked NTPC to work hard for early start of production of coal from its captive mines to help bridge the gap between requirement and availability as also lower the cost of power generation.
Pricing of coal
Mr Venugopal said availability and pricing of coal were two crucial issues confronting the power sector. He said initiatives had already been taken for execution of fuel supply agreements for plants commissioned beyond March 2009.
Meanwhile, sources said NTPC may soon begin work on its proposed 1,980 megawatt thermal power plant at North Karanpura in Jharkhand.
Mr Arup Roy Choudhury NTPC Chairman and Managing Ditrector said that “We are told that the report on the North Karanpura project is with the Finance Minister and we are also told that the project will come up. We are ready for the project.”
Mr Choudhury said he was hopeful of starting work on the project as soon as the panel gave its go-ahead. He said that “Our land acquisition is over. The moment we get the clearance, we would start work.”
The proposed plant has been in the news over its relocation, as it is planned in an area holding six billion tonnes of coal reserves. While the Coal Ministry was arguing in favour of relocating the proposed plant, the Power Ministry was opposed to the move, following which the matter was referred to a Ministerial panel last year.
(sourced Thehindubusinessline.com)
Mr P Uma Shankar Power Secretary at an Operation & Maintenance conference said public sector power major NTPC has been asked to begin production from five mines re-allocated to it by the Coal Ministry. The blocks had earlier been taken away after the company failed to develop them.
He said that “Some of NTPC coal mines were de-allocated now they have been re-allocated they should do something to increase production from those blocks.”
Last year, the Coal Ministry had cancelled allocation of five blocks Chatti Bariatu, Chatti Bariatu, Kerandari, Brahmani and Chichiro Patsimal to NTPC as it could not develop the mines within the stipulated timeframe.
In his address to the conference, the Union Minister of State for Power Mr KC Venugopal said the country should seriously focus on improving availability of domestic coal by developing more mines and had to find ways to improve fuel security.
He asked NTPC to work hard for early start of production of coal from its captive mines to help bridge the gap between requirement and availability as also lower the cost of power generation.
Pricing of coal
Mr Venugopal said availability and pricing of coal were two crucial issues confronting the power sector. He said initiatives had already been taken for execution of fuel supply agreements for plants commissioned beyond March 2009.
Meanwhile, sources said NTPC may soon begin work on its proposed 1,980 megawatt thermal power plant at North Karanpura in Jharkhand.
Mr Arup Roy Choudhury NTPC Chairman and Managing Ditrector said that “We are told that the report on the North Karanpura project is with the Finance Minister and we are also told that the project will come up. We are ready for the project.”
Mr Choudhury said he was hopeful of starting work on the project as soon as the panel gave its go-ahead. He said that “Our land acquisition is over. The moment we get the clearance, we would start work.”
The proposed plant has been in the news over its relocation, as it is planned in an area holding six billion tonnes of coal reserves. While the Coal Ministry was arguing in favour of relocating the proposed plant, the Power Ministry was opposed to the move, following which the matter was referred to a Ministerial panel last year.
(sourced Thehindubusinessline.com)
Tuesday, November 15, 2011
JSW Steel Vijaynagar plant operating at 60pct to 65pct
Tuesday, 15 Nov 2011
Mr Seshagiri Rao CFO of JSW Steel said that JSW Steel Ltd is operating its main plant in southern India at 60% to 65% capacity as the shortage of iron ore persists.
Mr Rao told reporters that "We have iron ore stocks but we need to increase [them] adding that the company plans to increase the amount of ore it has been getting through court mandated auctions.”
JSW Steel has been hit by a ban on mining in three districts of Karnataka state which supplied most of the iron ore for its 10 million metric tonne factory in the town of Vijaynagar.
Since the ban came into effect a few months ago the company has depended on court-mandated auctions to buy iron ore, which it said isn't currently enough to run the plant at full capacity.
(sourced marketwatch)
Mr Seshagiri Rao CFO of JSW Steel said that JSW Steel Ltd is operating its main plant in southern India at 60% to 65% capacity as the shortage of iron ore persists.
Mr Rao told reporters that "We have iron ore stocks but we need to increase [them] adding that the company plans to increase the amount of ore it has been getting through court mandated auctions.”
JSW Steel has been hit by a ban on mining in three districts of Karnataka state which supplied most of the iron ore for its 10 million metric tonne factory in the town of Vijaynagar.
Since the ban came into effect a few months ago the company has depended on court-mandated auctions to buy iron ore, which it said isn't currently enough to run the plant at full capacity.
(sourced marketwatch)
Thursday, February 3, 2011
Nippon Steel, Sumitomo Metal Inds say plan to merge
Thu Feb 3, 2011 2:39am EST
(Repeats to attach story to separate alert)
TOKYO Feb 3 (Reuters)
Japanese steelmakers Nippon Steel Corp (5401.T) and Sumitomo Metal Industries (5405.T) said on Thursday that they were in talks to merge their operations in October 2012.
(Reporting by Nathan Layne; Editing by Edmund Klamann)
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