There is tremendous scope for contract opportunities in coal material handling equipments because of rising demand for coal. The Planning Commission expects the country's coal demand to rise to 1,000 million tonne (mn t) by 2016-17. Following are some contract opportunities coal handling equipments.
Category: Coal & Mining
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Prime Minerals exports 72,892 t ore to China
Recently, around 72,892 tonne of iron ore fines mined in Maharashtra was exported to China from a port in Goa by Prime Minerals Exports. Reports suggest that this is the first shipment of iron ore to China from India since a ban on mining in Goa took effect in October 2012. In October last year, Supreme Court banned mining in Goa after allegations of illegal mining from a federal gove
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NMDC board may revise price or ore next month
Agency reports suggest that the board of NMDC would meet on in the first week of February in order to review the price of iron ore. Industry sources expect the firm to raise prices for February given that ore price at the international market is rising considerably. From $90 a tonne in last September, iron ore price has
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Contract opportunities in mining sector
As the size of the economy grows, so does the demand for mineral resources like iron ore, coal, manganese, copper. India produces around 89 minerals out of which four are mineral fuels, 11 are metallic, 52 are non-metallic and 22 are minor minerals. In order to boost mining output, the central government revised the National Mineral Policy in 1994 and allowed private domestic and foreign investors to explore and exploit iron ore copper, zinc,
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Experts call for right policy in mining sector
Experts urge government to adopt appropriate policies to tap the mining potential in the interior tribal areas. They note that mineral rich states such as Chattisgarh, Odisha and Jhar khand, have high levels of poverty, indicating that mineral wealth has not translated into prosperity, so far. Therefore, they urge gove rnment to come out with policy that facilitates inclusive development of mining sector which takes into account the overall progress of local population.
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Caterpillar: Works well for Modern Rocks
Success in quarrying relies heavily on the right kind of excavator, which is robust and can withstand extremely tough applications. Nobody understands this better than Manesh Thomas, Owner of Modern Rock Mining Industries. "I started the quarry business in 1992 with Modern Rock Mining Industries. Prior to mechanization of the quarry operations, I had close to a hundred staff running the quarry."
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Passionate leader
Khaled Salmeen Al Kawari is CEO and Managing Director – Industrial Zones in Abu Dhabi Ports Company with a responsibility to lead the development of the multi-billion dollar Khalifa Industrial Zone Abu Dhabi (Kizad). A registered Project Management Professional with the Project Management Institute, Al Kawari’s professional career has covered a number of sectors including energy, utilities, infrastructure, petrochemicals and power.
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Coal shortage in 12th Plan
India may face coal shortage of 185 mn t during the 12th five-year plan as power capacity addition outpaces growth in coal production.
It is learnt that coal production by the terminal year of the 12th Plan may touch 795 mn t. During the 11th Plan, coal production was increased by 110 mn t and there was a gap of 140 mn t.
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Proposed regulator may decide pricing methodology
Reports suggest that government may authorise the proposed coal regulator to decide the methodology to fix prices of the fuel to check abuse of monopoly by any coal producer.
The issue would be considered while finalising the Coal Regulatory Authority Bill. The Coal Ministry wants coal producers to be allowed to determine the price of the commodity, although it wants the pricing methodology to be decided by the regulator.
The ministry, meanwhile, rolled back a crucial proposal to give power of
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Proposed regulator may decide pricing methodology
Reports suggest that government may authorise the proposed coal regulator to decide the methodology to fix prices of the fuel to check abuse of monopoly by any coal producer.
The issue would be considered while finalising the Coal Regulatory Authority Bill. The Coal Ministry wants coal producers to be allowed to determine the price of the commodity, although it wants the pricing methodology to be decided by the regulator.
The ministry, meanwhile, rolled back a crucial proposal to give power of