>>Mumbai-based Mercator has resumed mining operations in Indonesia after its third quarter operations were disturbed due to management issues. Under the new management, operations in Indonesia are expected to reach optimum levels by Mar’18.
The company owns and operates various coal mines in Indonesia, and apart from that, Mercator also holds a coal mining license in Mozambique.
>> The recent coal price hike by the state-run Coal India Limited will pull up secondary steel production costs by at least INR 500, says a economic think-tank. With effect from 9Jan’18, the coal major has hiked its Non-Coking Coal prices by 8.5%.
>> Under the new coal pricing methodology, to swing into action from 1Apr’18, power tariffs are expected to come down. The new pricing methodology involves pricing the coal on the basis of the actual energy content. Also, seven coal grades have been eliminated under the new scheme.
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