Coal mining news- Source P T I

Goyal to inaugurate 2 WCL coal mines by month-end

In past seven months, Western Coalfields has opened 8 mines, says Coal Minister Piyush Goyal

Press Trust of India | New Delhi October 11, 2015 Last Updated at 11:13 IST

Goyal to inaugurate 2 WCL coal mines by month-end

COAL INDIA LTD

LIVE STOCK PRICE - CLICK HERE FOR MORE

BSE 334.50-1.15 (-0.34%)

NSE 334.40-1.45 (-0.43%)

2Y 1Y 6M 1M 5D 1D

ALSO READ
CIL will produce 50 mn tonne more coal than last year: Piyush GoyalSome parties obstructing nation's development process: Piyush GoyalGovt gets Rs 1,029 cr from coal mines auction, allocation: Piyush Goyal

Coal and Power Minister Piyush Goyal will inaugurate by month-end two mines of Western Coalfields Ltd, an arm of Coal India which is working towards meeting one billion tonnes production over the next 5 years.

ALSO READ: Coal India to adopt multi-pronged strategy to raise output

"Towards the end of October, probably around 25th, I am going to open two more mines," Goyal said.

In the past seven months, WCL has opened eight mines, he said, adding, "ever heard in the history of India that the government company is opening 10 mines in 10 months".

In 24 months, starting from March, WCL would have opened 24 mines, he added.

According to a WCL official, two mines to be opened this month are Dinesh open cast project having a production capacity of 4 million tonnes per annum and Yekona open cast project with 2.75 mtpa.

Both mines are greenfield projects.

Although the government is optimistic that CIL will meet the billion tonne production target by 2020, the Maharatnafirm recorded an output of 37.17 million tonnes in September, missing the target of 38.77 million tonnes or by 4.1 per cent.

CIL had missed the production target for 2014-15 by 3 per cent, recording an output of 494.23 million tonnes. The company accounts for more than 80 per cent of the domestic coal production.

coal mining news-2 dead, 8 trapped after blast in coal mine in eastern China

2 dead, 8 trapped after blast in coal mine in eastern China

6:30 PM Saturday Oct 10, 2015

Facebook0
Twitter0
LinkedIn0
Google+0

BEIJING (AP) " A gas explosion in a coal mine has killed two miners and left eight others trapped, a local authority in eastern China said Saturday.

The blast happened Friday night in Shangrao county in Jiangxi province, initially trapping 10 miners in the privately run Yongji Coal Mine, the Shangrao government information office said in an online statement. Two bodies were later found, it said. It gave no details on the cause of the blast.

The official Xinhua News Agency reported that the mine's owner was being questioned by police.

China's mines are the world's deadliest. There has been a dramatic drop in accidental deaths in recent years, partly as a result of improved safety measures but also because of falling coal production levels as the slowing economy reduces demand.

This story has been automatically published from the Associated Press wire

Coal Mining News-Fire occurs at coal mine in Turkey

Fire occurs at coal mine in Turkey

Baku, Azerbaijan, Oct.7

By Rufiz Hafizoglu – Trend:

Fire has occurred at one of the coal mines in Turkey’s Zonguldak province, Haber7 TV channel reported Oct.7.

All the miners have already been evacuated. No casualties have been reported, according to the preliminary data.

Work is underway to extinguish the fire that occurred at a depth of 320 meters.

Currently, the cause of the fire is being determined.

Turkey has faced a number of mine accidents in recent years.

The previous worst mine accident in Turkey's history occurred in the city of Soma on May 13, 2014 leaving 301 people dead and 486 injured. That time, the police detained 25 people over the accident.

In total, there are 740 coal mines in Turkey.

Coal Mining News-Coal mine workers vow to continue strike

Coal mine workers vow to continue strike

Wednesday 7 October 2015 05:49

Thandokukhanya Mkhatshwa

The workers are demanding a R1000 salary increase as opposed to the employer's offer of between R350 to R600 increase. (SABC)

TAGS:

Hundreds of members of the National Union of Mine Workers (NUM) have marched to hand over a memorandum with their grievances to Anglo Coal Mine Head Office in Emalahleni, Mpumalanga.

This comes after the workers from all mines in Emalahleni have down tools demanding among others a better wage increase.

The workers are demanding a R1000 salary increase as opposed to the employer's offer of between R350 to R600 increase.

One of the National Chief Negotiators, Peter Bailey, says they will continue with the strike until their demands are met.

"The workers led by the National Union of Mine Workers have handed over the memorandum of their grievances to their employer. Their grievances include, wage increase, medical aid, security upgrade and housing allowance. They also accused coal mining companies of sending workers messages suggesting that the strike has been suspended."

Bailey says the employer should look at their demands, otherwise there will be no production in their companies. He says the employer should not undermine the workers.

We will report back as per your demands in the memorandum in terms of the response

"They believed that you would not strike, they say that it is the chief negotiators who is the problem and not the members who wants more money because they believe that you are satisfied with the scraps. The memorandum clearly states that enough is enough. We black South African workers deserve to be treated with dignity and respect."

NUM says Eskom does not have enough coal to sustain them the whole month.

According to NUM National Chief Negotiator Nelson Ratoshi , no coal has been supplied to Eskom from Sunday.

The management of the Anglo Coal mine have accepted the memorandum on behalf of the Chamber of Mines.

Anglo Coal Mine Employee Relations' Paulos Soviya says they will look at their grievances and also pass on the memorandum to the other employers.

"The Chamber of Mines is really appreciating the fact that you are handing over the memorandum on behalf of Chamber of Mines and the CEO's. We will then take it over to our principals. We will report back as per your demands in the memorandum in terms of the response, we really appreciate that."

Coal Mining News-source:Business line- The Singareni Collieries Co Ltd output up by 27 per cent

HYDERABAD, OCTOBER 7:

The Singareni Collieries Co Ltd first half of 2015-16 ended September 30 was witness to record coal production and despatches with the output up by 27 per cent at 27.20 million tonnes.

The mining company has recorded a production of 27.20 million tonnes (MT) of coal during the first half of 2015-16 against target of 25.09 MT, registering 108 per cent output. This was higher by 27.46 per cent over previous year first half production of 21.34 MT during the same period.

The company despatched 28.34 MT coal, recording 14.55 per cent growth over previous year supply of 24.74 MT. The company claimed this was the highest ever despatch as it managed to meet the requirement of power utilities, captive power plants, cement companies and other industries.

N. Sridhar, CMD of SCCL, appealed to the company staff to continue with the same spirit and achieve the annual production target (aims at 60 MT target for the year 2015-16. The management of the company has initiated steps to increase the coal output to meet the requirements of coal for power units in Telangana.

During the first half, it excavated overburden of 139.99 million cubic meters (MCu.m) against target 131.76 M.Cu.m, representing 6 per cent increase over last year excavation of 113.71 M.Cum.

The mining company is at advanced stage of implementing the 1200 MW thermal power project in Adilabad and expects to commission both the units before the end of this fiscal.

(This article was published on October 7, 2015)

Post Comment

coal mining news- source P T I &MoneyControl

Coal India's Magadh mine may produce 51 mtpa by 2020

"The production from Magadh mine in Chatra district of Jharkhand may be around 51 million tonnes per annum (mtpa) by 2019-20," a Coal Ministry official said. The Magadh open cast mine of Central Coalfields (CCL), a Coal India subsidiary, located in Chatra district of Jharkhand was inaugurated in May.

Coal India 's Magadh mine in Jharkhand, which started production last month, could well become Asia's biggest by 2019-20, with the output from the block pegged at around 51 million tonnes per annum (mtpa).

"The production from Magadh mine in Chatra district of Jharkhand may be around 51 million tonnes per annum (mtpa) by 2019-20," a Coal Ministry official said. The Magadh open cast mine of Central Coalfields (CCL), a Coal India subsidiary, located in Chatra district of Jharkhand was inaugurated in May.

The official put the likely production from the mine in the current fiscal at around 2 million tonnes (mt). The coal produced from the mine will be used to power plants like NTPC 's North Karanpura project. The government has set one billion tonne production goal for Coal India (CIL) by 2020.

Western Coalfields, another subsidiary of CIL, will be opening one new mine every month for the next two years. CIL, which accounts for over 80 percent of domestic coal production, recorded an output of 37.17 million tonnes in September, missing the target by 4.1 percent.

The coal PSU had also missed the production target for 2014-15 by 3 percent, clocking an output of 494.23 million tonnes.

Coal mining news-(CIL) has planned to generate 1,000 MW of solar power,

Coal India Limited (CIL) has planned to generate 1,000 MW of solar power, starting with Madhya Pradesh. The project will be eventually spread to other states like Maharashtra, Jharkhand, Bihar, Orissa and Chhattisgarh, where CIL has its subsidiaries.

The Solar Energy Corporation of India is the consultant for the project. Wherever there is land available in mining areas, it will be used to fix photovoltaic panels for generating electricity.

Most of the power generated in this way can be used for captive purposes within CIL itself. The project is expected to begin in 3 to 4 months.

coal mining news-The initial floor price for the proposed auction of coal linkages should be fixed on the basis of CIL Run-of-Mine price

New Delhi: The initial floor price for the proposed auction of coal linkages should be fixed on the basis of CIL Run-of-Mine price and bidders have to bid for premium above this price for the relevant grade, an inter-ministerial panel has suggested.

Run-of-Mine (ROM) is coal that is not graded according to quality or size.

There is also a proposal that in the proposed auction of coal linkages to non-regulated sector which covers cement, sponge iron, captive power and others through competitive bidding the maximum bid quantity by a particular bidder will not exceed the normative requirement of the end-use plant, an official said.

"For auction of linkages, Coal India (CIL) shall chalk out annual or six-monthly auction calendar and there shall also be a provision for third party sampling of coal supplied," the official added.

The government had last month informed CIL that the policy with regard to auction of coal linkages may take some more time to be finalised.

The government is considering a policy for coal linkage auction and has sought comments from stakeholders on the draft auction methodology which it has prepared.

An Inter-Ministerial Committee (IMC) was set up in January to consider various models, including auctioning of coal linkages/LoAs (Letter of Assurances) through competitive bidding as the selection process and to recommend the optimal structure that would meet the requirements of all the stakeholders.

Till now, Standing Linkage Committee was deciding on allocation of long-term and short-term linkages for the sectors, including power and steel.

PTI

First Published: Friday, October 2, 2015 - 17:11

coal mining-Did not influence anyone to give coal block

Did not influence anyone to give coal block to Birla: Manmohan

Former Prime Minister Manmohan Singh has told CBI that he did not try to “influence” anybody, nor was there “any undue haste” in awarding the Talabira-II coal block toHINDALCO which was initially refused.

He also told CBI, investigating the case, that he had neither promised, nor gave any assurance to industrialistKumar Mangalam Birla about allocation of the block in Odisha to his firm HINDALCO.

Singh, who was holding the portfolio of the Coal Ministry in 2005, said he only forwarded the letters of Birla and Chief Minister of Odisha Naveen Patnaik in this regard to the Ministry for careful examination.

“On being asked, I state that I do not recall having told anyone in PMO to issue reminders, other than the noting of my PS. It is a routine administrative matter. The PM does not go into these issues. Anyway, I had already stated that I did not try to influence anybody and that there was no undue haste in arriving at the decision,” he said.

While Birla had written letters requesting the Government to “change the decision” of not considering HINDALCO for the coal block, Patnaik had requested a review of the decision.
Singh, who has been summoned as accused by a special CBI court in the case, in a statement to the agency has said that recommendation of the Ministry to accommodate HINDALCO was approved by him.

There was no “undue haste” in arriving at the decision to allocate the block to HINDALCO, he maintained.

The Supreme Court had on April 1 stayed the trial court’s order summoning Singh and others, including Birla and ex-Coal Secretary P C Parakh, as accused in the case.

( Source – PTI )

Coal Mining-Longmay to cut 100,000 coal jobs

Longmay to cut 100,000 coal jobs

Updated: 2015-09-26 09:37

By Lyu Chang(China Daily)

Comments()

Mail

Large Medium Small

分享按钮

Faced with falling prices and weak demand in a slowing economy, coal companies will find it an opportune time for mergers and acquisitions, industry experts said on Tuesday. [Photo/China Daily]

Non-core businesses being sold to pay off debts as mining group reels from continued losses

The largest coal mining group in Northeast China is cutting 100,000 jobs within the next three months to reduce its losses - one of the biggest mass layoffs in recent years.

Heilongjiang Longmay Mining Holding Group Co Ltd, which has a 240,000 workforce, said a special center would be created to help those losing their jobs to either relocate or start their own businesses.

Chaiman of the group Wang Zhikui said the job losses were a way of helping the company "stop bleeding".

It also plans to sell its non-coal related businesses to help pay off its debts, said Wang.

The State-owned mining group has subsidiaries in Jixi, Hegang, Shuangyashan and Qitaihe in Heilongjiang province, which account for about half the region's coal production.

China's coal mining industry has been struggling with overcapacity and falling coal prices since 2012.

Last year, Longmay launched a management restructuring and cut thousands of jobs to stay profitable, amid the overall industry decline.

However, the company still reported around 5 billion yuan ($815 million) in losses.

It has been a dramatic fall from grace for the company, which in 2011 reported 800 million yuan in profit with annual production exceeding 50 million metric tons.

Experts said staff costs remain a major reason for the company's continued heavy losses.

Last year its coal production stood at 49 million tons, just 10 percent that of Shenhua Group Corp Ltd, China's biggest coal producer. But Longmay's workforce remains well above that of Shenhua's 214,000 in total.

Official data show that average annual production per head at Longmay is about 250 tons, against a national industry average of between 500 to 600 tons.

Longmay also has 180,000 pensioners to take care of, with life-long payments covering pensions and medical insurance, which are also considered a huge financial burden.

"Personnel is probably its largest cost," said Deng Shun, an analyst at Shanghai-based energy consultancy ICIS C1 Energy.

"Actually many traditional State-owned coal enterprises are facing the same kind of problem. It has become more severe as the industry remains on a downward trend."

Deng also cautioned on the social problems that massive layoffs may cause, suggesting a reduction in welfare or salaries might be a better way to cut back on costs.

MITRA-MANDAL- PAGE

MITRA MANDAL GLOBAL NEWS