• 6 minutes Trump vs. MbS
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes WTI @ $75.75, headed for $64 - 67
  • 6 hours Satellite Moons to Replace Streetlamps?!
  • 1 day US top CEO's are spending their own money on the midterm elections
  • 1 min EU to Splash Billions on Battery Factories
  • 4 hours U.S. Shale Oil Debt: Deep the Denial
  • 12 hours The Balkans Are Coming Apart at the Seams Again
  • 1 day OPEC Is Struggling To Deliver On Increased Output Pledge
  • 12 hours The Dirt on Clean Electric Cars
  • 4 hours Owning stocks long-term low risk?
  • 23 hours Uber IPO Proposals Value Company at $120 Billion
  • 14 hours 47 Oil & Gas Projects Expected to Start in SE Asia between 2018 & 2025
  • 1 day A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 1 day 10 Incredible Facts about U.S. LNG
  • 1 day U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
Alt Text

Are Coal-Fired Power Plants Set For A Boost?

Rick Perry has announced a…

Alt Text

Thermal Coal Prices Are Soaring

With tight supply in key…

Alt Text

North Korea Hit Hard As Coal Exports To China Fall 71%

Chinese coal imports from North…

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