Industry Focus

2017.05.05

Coal India considering listing on London Stock Exchange

NEW DELHI Coal India Ltd, the world's largest coal miner, is considering a listing on the London Stock Exchange and has had early discussions with the LSE, three sources with direct knowledge of the matter said on Thursday.A listing by the state-controlled miner would be a boost for the LSE as it looks to attract companies foll...

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2017.04.26

China-Bangladesh joint venture begins ceramic tiles production

China-Bangladesh joint venture has invested Tk950 crore for manufacturing high quality and colourful tiles Southeast Union Ceramic Industries Limited (SEUCIL), a coal-based ceramic company, has begun production with a capacity of 2.69 lakh square feet tiles per day to meet local demands. Established on an 11.20-acre land a...

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2017.04.24

Britain Has Its First Day Without Coal Power Since the Industrial Revolution

The coal-free interlude is emblematic of a dramatic broader rollback of coal consumption in both Britain and the U.S. Only 9% of Britain’s electricity came from coal in 2016, down from 23% in 2015, according to The Guardian. Stateside, 2016 saw a stunning 18% dropoff in energy production from coal. That trend is almost certai...

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2017.04.22

Hwange, ZPC and Lusulu Power sign 25-year supply deals

Hwange Colliery Company Limited (HCCL) has signed two 25-year coal supply agreements with the Zimbabwe Power Company and Lusulu Power, an independent power producer in Matabeleland North. The company’s managing director Engineer Thomas Makore said during a media briefing in Hwange on Wednesday that the agreements were part ...

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2017.04.17

177 mines of Coal India downgraded on quality concerns

The national coal quality watchdog has downgraded 177 of Coal India Ltd’s 413 mines, potentially impairing the monopoly miner’s profitability, starting from the current year. The downgrades took effect 1 April. A total of 2,636 samples from the miner’s seven subsidiaries were examined and that led to the downgrading of ...

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2017.04.14

Coking coal price jumps to six-year high

Image of the Pasha Bulker coal carrier that ran aground near Newcastle Australia in 2007 from WikiMedia Commons The price of coking coal gapped higher again on Thursday with the industry benchmark price tracked by the Steel Index surging 4.6% to $314.00 a tonne due to continued supply outages following tropical storms in Aust...

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