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Rio Tinto thermal coal mine in Australia cleared to expand

Australia’s Bengalla coal mine has been cleared to boost output by a third and operate for another two decades, majority owner Rio Tinto said on Wednesday. Rio Tinto subsidiary Coal & Allied and 40 percent partner Wesfarmers Ltd have been seeking the clearance by the New South Wales state g ...

India slaps taxes on coal, while China uses less of it

India is doubling its tax on coal, and will put the revenue toward encouraging clean energy. Though Prime Minister Narendra Modi’s government is increasingly looking toward renewable and nuclear power, the nation remains heavily reliant on coal. Last year, the government said it hoped to double ...

China aims for cleaner coal consumption

The nation will launch a five-year action plan to make the industrial use of coal cleaner and more efficient amid a renewed debate on air pollution that has been sparked by a documentary on smog. The industrial sector, excluding power generators, aims to cut coal use by more than 160 million met ...

Decline in China coal demand to continue, says Beijing expert

China’s addiction to coal is coming to an end, with new data from the government indicating demand for the black stuff fell 2.9% in 2014. The country still heavily relies on coal, which accounted for 66% of energy consumption last year. But according to Jiang Kejun, a senior scientist at the Ene ...

Indian Thermal Coal Imports: Steaming Forward

Coal-fired power stations comprise around 60% of India’s power output, and with domestic supply issues and favourable international coal prices, the country looks set to continue to rely on imports. In 2014, India’s thermal coal imports increased 15% to an estimated 162mt. Given that Chinese imp ...

India: Coal imports fall 20% in Jan due to lower demand from steel makers

The surging trend of coal imports in recent times snapped in January as shipments fell by 20% over the previous month due to lower demand from domestic steel makers, as per mjunction data. Online marketplace mjunction, a Tata Steel and SAIL joint venture, today said India’s coal imports in Janua ...

China consumes nearly 57 pct of Vietnamese coal in 2014

China continued to be the largest importer of Vietnamese coal in 2014 consuming 56.9 percent of the total export volume, said Vietnam Industry and Trade Information Center (VITIC) under the Ministry of Industry and trade. In 2014, Vietnam exported 4.1 million tons of coal to China, earning 244 m ...

China’s commodity imports slow in January after record December

China’s imports of key commodities eased in January after the record high set in December, as expected as the earlier heavy purchases to take advantage of weak prices had swollen inventories, preliminary customs data released on Sunday showed. China’s slowing economy – 7.4 percent growth in 2014 ...

China steel recycling seen as growing threat to iron ore demand

China sourced 78.5% of its total iron ore needs from overseas last year, importing a record 933 million tonnes, but is now trying to make more use of vast amounts of steel buried in landfills or encased in concrete. Analysts said it could start making an impact on the market as early as this yea ...

India to notify 31 minerals as minor minerals

India government has decided to notify 31 additional minerals, presently under the list of major minerals, as minor minerals. “This is being done with the intention to devolve more power to the States, and consequently, expedite the process of mineral development in the country,” Narendra Singh ...