Entries by KATM Admin

Japan utilities, Glencore set annual coal contract at $110/T: sources

Japanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018-March 2019 at $110 a tonne, according to several people with knowledge of the matter. The deals were struck between Glencore and Japanese utilities such as Shikoku Electric, Chugoku Electric and Kansai Electric after bilateral talks, a source […]

Aluminium sector faces coal shortage

The ongoing coal shortage has begun affecting other segments besides power plants and the railways, with the Federation of Indian Mineral Industries (FIMI) stating on Wednesday that aluminium makers are seeing an adverse impact on their refinery and smelting operations. The reason, FIMI Secretary General R K Sharma said, is that these manufacturers are unable […]

Coal India Q1 profit jumps 61% to Rs 3,786 cr, production rises 15%

Coal India has reported massive 61.1 percent year-on-year growth in consolidated net profit to Rs 3,786.4 crore, driven by growth across the board. Profit in the year-ago period was at Rs 2,350.8 crore. Consolidated revenue during the quarter increased 26.6 percent to Rs 24,260.9 crore compared to Rs 19,161.7 crore in the corresponding period last […]

KIOCL & RINL JV iron ore pellet plant to come up in Vizag

Board of KIOCL Limited, formerly Kudremukh Iron Ore Company Ltd, a public sector organisation under the Ministry of Steel, has approved the technoeconomic feasibility report (TEFR) for establishing a two million tonne iron ore pellet plant in Visakhapatnam with an investment of INR 900 crore. KIOCL Ltd entered into a joint venture with Rashtriya Ispat […]