>>Suresh Kumar, the Additional Secretary of the Coal Ministry, has taken over as the acting Chairman and Managing Director of Coal India Limited (CIL). He has replaced Gopal Singh, who was appointed as the interim Chairman in Sep last year. CIL accounts for more than 80% of the coal demand in India.
>>Indonesian coal mining major—Adato Energy—has targeted production of 1 MnT of Coking Coal in 2018. The company had produced 740,000 MT of the coal in 2017.
The company has 54 MnT of Coking Coal reserves at its mines situated in the East and Central Kalimantan provinces.
In 2017, the company had focused on increasing its sales of semi-hard Coking Coal in the domestic as well as international markets.
Notably, Rio Tinto has already agreed to sale its stake in Kestral, an underground Coking Coal mine in the Queensland region of Australia, to the consortium of EMR Capital and Adaro for USD 2.25 billion. The deal is expected to attain completion in the second half of 2018.
>>During Mar’18, around 1.5 MnT of Met Coke was produced in China, according to the latest data published by the National Bureau of Statistics of China. On year-on-year comparison, the production during the month was higher by around 7.14%. In Mar’17, around 1.4 MnT of Met Coke was produced in that country.
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