Yanzhou Coal Said in Talks to Buy Vale’s Stake in Mine Yanzhou Coal Mining Co. (1171) is among companies in talks to buy Vale SA (VALE5) ’s stake in an Australian coal mine for more than A$500 million ($503 million), said people with knowledge of the matter. Read Full Article Read more   India eyes coal fund to buy assets abroad NEW DELHI (Reuters) - India's coal ministry has proposed setting up a sovereign fund to buy coal assets abroad, Coal Minister Sriprakash Jaiswal said on Friday, as the country struggles to secure supplies ... Read Full Article Read more   India’s Quest for Coal Stalls as Red Tape Kills Mining Takeovers India’s quest for natural resources to power its growing economy and compete with China has met the enemy: Its own red tape. Read Full Article Read more   Coal India signs MoU with Union Government Kolkata, Apr 24: Coal India Limited (CIL), the coal mining Maharatna PSU, signed a Memorandum of Understanding (MoU) with the union coal ministry yesterday for its key performance areas during the current fiscal (2012-13). Read Full Article Read more   No auction of coal blocks for India power sector: source NEW DELHI (Reuters) - India will not auction new coal mining blocks to the power sector and will instead allocate them to companies that offer to sell electricity cheapest, a government source said on ... Read Full Article Read more   SAIL inks MoU with Mongolia to develop coal reserves Steel Authority of India Ltd (SAIL) plans to help Mongolia develop its iron ore and coal deposits. A memorandum of understanding (MoU) to this effect was signed between SAIL and the Mongolian Ministry of Mineral Resource and Energy on Friday. Read Full Article Read more   Steel Authority Of India, Mongolia Sign Pact For Mining, Steel Plant State-run Steel Authority of India Ltd. (500113.BY) Friday signed an initial agreement with the government of Mongolia to explore the possibilities for setting up a steel plant and mining iron ore and coking coal in the landlocked Central Asian country. Read Full Article Read more   SAIL signs MoU with Mongolia to develop iron ore, coal deposits Steel Authority of India Ltd (SAIL) plans to develop iron ore and coal mines in Mongolia in collaboration with the local government. Read Full Article Read more   SAIL eyes iron, coal mines in Mongolia India plans to expand steel production from the current 80 million tonnes (mt) to 200mt by 2020 and is looking to secure coking coal supplies since there are few quality coking coal mines at home. Read Full Article Read more   CIL to go slow on underground mines The world’s largest coal producer Coal India Ltd (CIL) will go slow on underground (UG) mines as there is a drop of about 1 million tonne in production from these mines every year. Read Full Article Read more

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