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NTPC scouts for coal blocks abroad…
Posted on May 31st, 2009 No commentsNTPC Ltd, countrys largest power generator, is looking at bagging coal assets abroad independently.
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Tata Motors looks at unusual routes to boost demand
Posted on May 31st, 2009 No commentsWeak domestic demand and a slump in the export market has forced the countrys largest manufacturer of commercial vehicles, Tata Motors, to look at unusual factors for demand revival such as vehicle emission norms and depreciation benefits.
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Steel Prices in U.S. at Five-Year Low on Weak Demand (Update3) (Bloomberg)
Posted on May 31st, 2009 No commentsMay 29 (Bloomberg) — Steel prices in the U.S. tumbled 6.7 percent in May to a five-year low as builders and manufacturers withheld orders amid the worst recession in at least half a century.
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Gas blast at Chinese coal mine kills at least 30 – Deepika Global
Posted on May 31st, 2009 No commentsBEIJING, May 31 (Reuters) A gas explosion at a coal mine in southwestern China today killed at least 30 people, state media reported. The blast occurred at the Tonghua coal mine in Chongqing municipality, according to the official Xinhua news agency …
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Santos welcomes discussions over coal bed – Financial Times
Posted on May 31st, 2009 No commentsSantos , the Australian energy group, said it would welcome “collaborative discussions” with rivals from the UK, US and Australia that are also seeking to develop the vast coal bed methane gas reserves in central Queensland. “They are the key …
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Lenders relax Corus loan terms – Daily News and Analysis
Posted on May 31st, 2009 No commentsMumbai: Tata Steel on Saturday said lenders of its UK unit, Tata Steel UK, have eased some of the terms for their £3.7 billion loan, made for the acquisition of Corus. The move will not add any extra interest costs for the remaining life of the loan …
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Coal forum coming to Logan – Logan Banner
Posted on May 31st, 2009 No commentsEveryone in the southern West Virginia region is affected by coal mining. Thatos;s the message the Logan County Commission is stressing right now, as the coal industry struggles through a downturn in the coal market. Logan County Administrator Rocky …
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Greens miffed at Obamaapos;s mining moves – United Press International
Posted on May 31st, 2009 No commentsWASHINGTON, May 31 (UPI) — Environmentalists say they are alarmed at the large percentage of mountaintop-removal coal projects approved by the Obama administration. The Environmental Protection Agency has given its approval to 42 of the 48 proposed …
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China rejects deal on iron ore price cuts – Financial Times
Posted on May 31st, 2009 No commentsChina’s top steel negotiator has formally rejected iron ore price cuts negotiated between Rio Tinto , the Australian mining giant, and Japanese and South Korean steel mills, signalling a showdown between Beijing and the miners. “These prices do …
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Death toll rises to 30 in coal mine blast – Gulf Times
Posted on May 31st, 2009 No commentsIllegal work practices were responsible for the death of 30 miners after an explosion rocked a coal mine in China’s Chongqing region, local media reported yesterday. The incident, which took place on Saturday morning in Anwen, south-west China, was …
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