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Falling Indian Coal Imports Will Be the Trend

Indian coal imports in the current fiscal (2015-2016) were expected to fall 10%-15% following rapid rise in domestic production and the trend has buoyed the Ministry of Coal to forecast achieving near self-sufficiency by 2017-2018. According to Ministry of Coal data, Indian coal imports recorded a fall for the five consecutive months during July-November 2015, while total inward shipment during the period April-November 2015 was down 9% at 119 million metric tons (mt) compared to 137 million mt during the corresponding period of previous year.

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China: No New Coal Mines for 3 Years

China is suspending the approval of any new coal mines for three years to eliminate stockpiles and increase new-energy consumption, according to China Daily. Nur Bekri, director of the National Energy Administration said during a conference in December that with production overcapacity expected to last for quite some time, green and low-carbon forms of energy will be the main focus of the 13th five-year plan (2016-2020).

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Westmoreland Signs Supply Extension With SaskPower in Canada

Westmoreland Coal lengthened a long-term supply deal with Saskatchewan Power Corp. (SaskPower) by an additional 14 years. The deal, which includes more than 58 million tons, will now run through the end of 2029.

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Indonesia’s Large Miners Plan to Produce More in 2016

While the country’s small- and medium-sized coal miners mostly plan to reduce production, Indonesia’s major coal miners plan to further boost production in 2016 despite an oversupply in the world’s coal market, according to the Jakarta Post. According to data from the Energy and Mineral Resources Ministry’s mineral and coal directorate general, through mid-December, miners were already planning to produce more than 303 million metric tons (mt) in 2016. The 2016 production plan will be far lower compared to the proposed 419 million mt in 2015.

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WCA Calls for Policy Parity for CCS

The World Coal Association (WCA) published a new report highlighting the importance of carbon capture and storage (CCS) technology to an effective climate agreement at COP21 in Paris.

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