• 5 minutes Malaysia's Petronas vs. Sarawak Court Case - Will It End Up In London Courts?
  • 9 minutes Sell out now or hold on?
  • 16 minutes Oil prices going down
  • 3 hours Oil prices going down
  • 5 hours Oil and Trade War
  • 18 hours Two Koreas Agree To March Together At Asian Games
  • 5 hours When will oil demand start declining due to EVs?
  • 8 hours Sell out now or hold on?
  • 10 hours Correlation Between Oil Sweet Spots and Real Estate Hot Spots
  • 8 hours Russia and Saudi Arabia to have a chat on oil during FIFA World Cup - report
  • 5 hours venezuala oil crisis
  • 4 hours Trump Hits China With Tariffs On $50 Billion Of Goods
  • 3 hours What If Canada Had Wind and Not Oilsands?
  • 3 hours After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 9 hours Malaysia's Petronas vs. Sarawak Court Case - Will It End Up In London Courts?
  • 5 hours Germany Orders Daimler to Recall 774,000 Diesel Cars in Europe
  • 2 hours The Wonderful U.S. Oil Trade Deficit with Canada
  • 18 hours Geopolitical and Political Risks make their strong comeback to global oil and gas markets
  • 15 hours Trump Renews Attack On OPEC Ahead Of Group's Production Meeting
Alt Text

The Death Of Europe’s Coal Industry

A recent report suggests that…

Alt Text

Gas Shortage Has China Backtracking On Coal Ban

China is backpedaling on major…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Two Bullish Missed Targets in Coal ... and One Place that will Benefit

The opportunity in Asian coal continues to grow brighter. Evidenced by two important pieces of data this week from major consuming nation India.

Coal India—the nation’s largest coal miner—reported that its coal production has once again fallen short of target.

The firm said that production for the nine months from April to December 2013 came in 15 million tonnes below forecast. Totaling just 335 million tonnes.

The company also missed its sales target for the same period. With sales falling 12 million tonnes short of the targeted 354 million tonnes.

The underperformance is expected to continue for the rest of the fiscal year (which runs until March 31, 2014). Total mined coal output will likely come in 17 to 18 million tonnes below targets for the year.

A Continuing Crisis Gets Worse

These missed targets are yet more evidence that India’s domestic coal production is in big trouble.

Since 2010 Coal India’s production has fallen well short of its supply commitments to domestic power users. Hampered by a lack of infrastructure and chronic environmental hang-ups over new projects (the company cited two expansion bans from the national environment ministry as reasons for its latest production shortfall).


Source: Press Bureau of India (December 9, 2013)

At the same time, coal demand from India’s power sector is soaring. Total daily requirements are running at 1.4 million tonnes.

Finding…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News