Business Teck Announces Full Sale of Steelmaking Coal Business Nick J Adam Nov 14, 2023 Sale of majority stake to Glencore at implied enterprise value of US$9.0 billion on a 100% basisMinority sale to Nippon… Read More...
Business NTPC to hive off coal mining business into arm in Rs 7,795-crore deal Nick J Adam Jul 29, 2023 MUMBAI - State-owned power producer NTPC Ltd has received board approval to hive off its coal mining operations into a… Read More...
Business ‘What went wrong here?’: Big banks refuse coal king $1b debt refinance Nick J Adam Jul 17, 2023 “Anybody who’s in thermal coal is going to be facing similar challenges in mobilising funding from traditional sources,”… Read More...
Business Explained | What is the contention between Coal India and CCI? Nick J Adam Jul 16, 2023 Mining operations underway at Coal India-owned coal mine in Korba. | Photo Credit: PTI The story so far: On June 15,… Read More...
Business Underground coal mines the ‘clear losers’ as pollution caps tighten Nick J Adam Jul 9, 2023 Large open-cut mines, including BHP’s Mt Arthur coal mine, Adani’s Carmichael mine and Glencore and Yancoal’s Hunter… Read More...
Business Insurer walks away from Adani’s Carmichael coal mine Nick J Adam Jul 9, 2023 In January, the conglomerate was the subject of a damaging report by US-based boutique investment firm Hindenburg… Read More...
Business Coal India net profit rises 62% to record Rs 28,125 crore in FY23 Nick J Adam May 8, 2023 National miner Coal India’s (CIL’s) profit for the financial year 2023-24 increased 62 per cent year-on-year (YoY) to… Read More...
Business Coal India Q4 profit drops 18% on wage bill; record net profit in FY23 Nick J Adam May 7, 2023 Coal India Ltd, the world's largest coal miner, on Sunday reported 17.7 per cent drop in its March quarter net… Read More...
Business Coal India Profit Drops After Wage Cost Provisions Jump 12-Fold Nick J Adam May 7, 2023 Article content (Bloomberg) — Coal India Ltd., one of the world’s top producers of the fuel, reported a 17% decline in… Read More...
Business Coal to dominate India power mix until 2030 despite record renewables push Nick J Adam May 5, 2023 By Rajesh Kumar SinghCoal will remain India’s largest source of electricity generation by 2030 and additional new… Read More...