• 5 minutes Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 minutes Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 15 minutes WTI @ 67.50, charts show $62.50 next
  • 11 hours The EU Loses The Principles On Which It Was Built
  • 3 hours Starvation, horror in Venezuela
  • 5 hours Saudi Fund Wants to Take Tesla Private?
  • 20 hours Crude Price going to $62.50
  • 7 hours Why hydrogen economics does not work
  • 4 hours Tesla Faces 3 Lawsuits Over “Funding Secured” Tweet
  • 4 hours Again Google: Brazil May Probe Google Over Its Cell Phone System
  • 2 days Anyone Worried About the Lira Dragging EVERYTHING Else Down?
  • 17 hours WSJ *still* refuses to acknowledge U.S. Shale Oil industry's horrible economics and debts
  • 1 day Chinese EV Startup Nio Files for $1.8 billion IPO
  • 2 days Oil prices---Tug of War: Sanctions vs. Trade War
  • 2 days Correlation does not equal causation, but they do tend to tango on occasion
  • 2 days Russia retaliate: Our Response to U.S. Sanctions Will Be Precise And Painful
Alt Text

The Billion Dollar Bet On European Coal

A Czech energy tycoon is…

Alt Text

Could China Save The U.S. Coal Industry?

In a somewhat surprising move,…

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