Cement News tagged under: coal
Demand for fossil fuels set to decline as investors consider world’s fuel choices at COP2102 December 2015, Published under Cement NewsAs the word’s decision makers are preparing to gather at the COP21 climate talks in Paris, investors consider the long-term prospects and risks of the fuel choice made in power generation and other industries. Allianz, Europe’s biggest insurer, has said in support to COP21 that it will reduce its coal investments and double its renewables spending from about EUR2bn (US$2.1bn). The move is to “send a signal to our branch and to capital markets,” said Allianz’s chief investment officer, Andr... |
Coal prices set to fall further18 November 2015, Published under Cement NewsCement producers can expect to look forward to lower coal prices as world demand for the commodity is expected to fall and over-investment in mines is causing a production hike. China’s slowing economic growth is forecast to see the country’s coal demand fall faster than its domestic supply, even after mine production cuts, thus affecting imports into the Asian nation. Chinese coal imports are contracting by a record 50Mt to 85Mt this year and further decreases are expected for 2016-17, a... |
India: Coal India contracts not discontinued in June 201609 November 2015, Published under Cement NewsThe fuel supply contracts of cement companies with Coal India will not be discontinued for auction, in contrast to earlier government announcements that all coal supply agreements between Coal India and non-power firms would end in June 2016. The government will wait for the contracts to end and then auction them. Most contracts are expected to laps in 2017. Around 28Mt of coal is due for auctioning to unregulated sectors (e.g. cement and steel) next year. The companies will have to in... |
Tanzania: Dangote Cement awards 150,000t coal contract to Tancoal09 October 2015, Published under Cement NewsDangote Cement in Tanzania awarded Tancoal Energy Ltd, part of Australia’s Intra Energy Corp Ltd, the contract for more than 150,000t of coal, which will be supplied over the course of next year. The AUD9.3m order represents about half of Dangote Cement Tanzania’s coal requirement and will enable Tancoal to increase mine output by 35 per cent. |
Egypt: Ministry to assess environmental impact of coal use18 September 2015, Published under Cement NewsEgypt's Environment Minister, Khaled Fahmy, has agreed to assess the environmental impact of seven out of 19 cement companies that have conducted studies to use coal as an alternative source of energy. The minister told the MENA news agency that the approved studies included ways of reducing greenhouse gases, as the ministry requested. (Source : Egypt Independent) |
UltraTech29 June 2015, Published under Cement NewsUnseasonably wet weather in the opening months of this year has hampered infrastructure projects in India, resulting in a slowdown in cement demand. Despite new capacity, UltraTech has already reported a three per cent fall in dispatches in 1Q15. Demand from rural India, which accounts for around 40 per cent of total cement demand, is also down, leading analysts to predict weak demand persisting into the first half of FY16. UltraTech will also be keeping a close eye on recent proposals fr... |
Amreyah Cement Co awards coal mill contracts to Christian Pfeiffer29 June 2015, Published under Cement NewsChristian Pfeiffer Maschinenfabrik signed a contract for the delivery and construction of two complete coal mills on 3 June 2015 at the head offices of Amreyah Cement Co, a member of InterCement, in Alexandria, Egypt. The contract will be implemented as a turnkey project, meaning that Christian Pfeiffer Beckum (CPB) will be responsible for the engineering, delivering all equipment and organising the construction work in Egypt. Signing the contract for two turnkey coal mills at ... |
Government of India transfers environment clearance of 19 coal blocks23 June 2015, Published under Cement NewsThe government of India has so far transferred the environment clearance (EC) of 19 coal blocks out of a total of 29 approved mines from the previous allottees to new successful bidders including some cement producers. In a bid to expedite operations from the recently allocated coal mines, the Environment Ministry had amended EC norms after a request made by the Coal Ministry to facilitate the transfer of ECs to successful coal bidders. "We have so far transferred the ECs of 19 coal blocks... |
India to auction 10 coal blocks05 June 2015, Published under Cement NewsThe government of India said Thursday it will auction 10 coal blocks with extractable reserves of 356Mt to cement and steel companies. The auction process will begin on 8 June with the government notifying the blocks for different sectors. Bid documents for the blocks will be on sale from that day. The government will invite technical and financial bids for the mines and the last date for submission of the documents will be 21 July. The auction will take place between 11-17 August 2015.... |
Ha Tien 1 Cement seeks Indonesian coal import approval24 March 2015, Published under Cement NewsVietnamese producer Ha Tien 1 Cement JSC (HT1) is seeking government approval to import coal from Indonesia for cement production as the market price has fallen sharply along with the drop in crude oil prices. At present, HT1 is buying coal from Vietnam National Coal and Mineral Industries Holding Corporation (Vinacomin) at US$100/t. Meanwhile, the coal price in Indonesia is US$52/t FOB. Analysts noted that if Ha Tien 1 can import 25% of total coal it needs for production, it would be a... |