>>The Indian Government is contemplating on an idea of scrapping allocation of coal mines for captive uses and instead open it up for private miners. This, according to the government, will increase domestic production and curtail imports.
The government has been laying emphasis on the introduction of the commercial coal mining in India. According to the latest hearsay, the government is preparing to complete all processes associated with coal block auctions for commercial coal mining in the country by Mar’19.
>> There was a dip in the stocks of Met Coke at the major ports in China, and that was due to the nil business activity during the Chinese Lunar Year Holidays.
Quantity in MnT PORT 23Feb’18 9Feb’18 Change Tianjin 67 71 -4 Lianyungang 11.3 12.6 -1.3 Rizhao 75 84 -9 Qingdao 85 80 5 Total 238.3 247.6 -9.3 Source: CoalMint Research
>>In the next fiscal, FY19, capacity utilization of the coal fired power plants in India is expected to hover at around 60-62%, according to industry experts. There is no prospect of the capacity utilization to fall below this level despite the growing prominence of solar energy, the experts believe. Moreover, the recent imposition of provisional Anti Dumping Duty on solar panel imports in the country is expected to push up solar tariffs, according to the experts.
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