CA-Black-Transp

India’s NTPC Temporarily Halts Coal Imports

India’s largest government owned and operated power producer, NTPC Ltd., has decided to stop imports of coal during the current fiscal, in view of higher domestic availability and its own production from captive mines. Coal India Ltd. (CIL), with rising production and mounting stocks, has assured the thermal power producer of meeting entire contracted volumes of coal prompting NTPC Ltd. to scrap plans for importing the dry fuel. According to an NTPC official, only marginal volumes already contracted for imports during the previous fiscal would be shipped in but no import contracts would be signed this year.

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China’s Coal Consumption to Hit 4.3 Billion Tons in 2020

China’s coal consumption will be around 4.3 billion tons by 2020 as the government pushes for cleaner and greener growth despite the slowing economy, the China National Coal Association (CNCA) said.

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Chinese Coal Firms Consider Debt-for-equity Swaps

China’s debt-hit coal industry could get some temporary relief from the country’s debt-for-equity swap program, according to the Global Times.

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India’s Plans to Open Commercial Mining to Private Miners Takes a Hit

The Indian government’s plans for opening coal mining for private miners has hit a roadblock of adverse business environment. According to a Coal Ministry official, the government was ready to throw open commercial non-captive coal mining to private miners and had completed the methodology of auction for the allocation of the blocks but was not sure whether auctions would get favorable response in the present investment scarce environment.

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Peabody Sells Undeveloped Leases in Australia to Pembroke Resources

Peabody Energy announced that several of its Australian subsidiaries have entered into sale and purchase agreements with Australia-based Pembroke Resources, which is owned by Denham Capital, to sell its interest in undeveloped metallurgical reserve tenements in Queensland’s Bowen Basin for A$104 million ($77 million) in cash plus a royalty stream.

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