>> Hong Kong headquartered global coal major—Noble Group—has completed disposing off MR Coal Marketing and Trading, a coal selling unit, for USD 34.5 million. The company has, however, not disclosed the buyer.
>> State-run Coal India Limited is considering diversifying into mining of metals, like iron ore, bauxite, copper and nickel, leveraging its expertise. The coal major, accounts for around 80% of the domestic coal production in India, has targeted producing 1 BnT of coal by FY20.
>> Infrastructure major, NCC Limited, will start extracting coal from its captive Talaipalli coal block, situated in Chhattisgarh, from FY20 onwards. The company is expecting production of 4 MnTPA of coal from the block.
>> The United Nations has said that the Indian economy is poised for a growth of 7.2% in 2018 from 6.7% in 2017 on the back of structural reforms, increased private consumption and public investment. The projected growth in the economy is also indicative of coal consumption increasing.
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