Cement News tagged under: coal
India: Shree Cement wins bid for 80,000t of coal19 July 2016, Published under Cement NewsShree Cement has announced that it has won a bid to be supplied with 80,000tpa of coal from state-owned firm South Eastern Coalfields Ltd (SECL), reports the Economic Times. The deal will see Shree pay INR970/t (US$14.45/t) for the grade 11 coal – in line with the prevailing prices charged by SECL. Earlier this month, UltraTech agreed a deal to pay over INR1500/t for coal to supply cement plants in Maharashtra. That today’s deal is lower-priced reflects the lower energy density of the ... |
India: UltraTech wins two coal mines in auction08 July 2016, Published under Cement NewsUltraTech Cement, one of the largest cement manufacturers in India, has secured two coal linkages for its cement plants in Maharashtra. The company had participated in the auction of coal linkages for cement sector and won Penganga OC mines and Mana Incline mine in the State. The company has won the Penganga OC mine for a basic floor price of INR1510/t (US$22.4/t) and a premium of INR20/t (US$0.29/t). The bid price for the Mana Incline mine was at a basic floor price of INR2060/t. Fu... |
India: Prism Cement secures fuel supplies30 June 2016, Published under Cement NewsAfter a successful bid, Prism Cement Ltd is set to receive 120,000tpa of coal from South Eastern Coalfields (SEC), a subsidiary of Coal India Ltd (CIL). In a filing to the BSE on 29 June 2016, Prism Cement said, “The company has successfully bid for 120,000 tonnes per annum of coal from South Eastern Coalfields Limited (a subsidiary of Coal India Limited) in a recently held auction of coal linkages for the cement industry… The company has secured part fuel requirement for the next 5 years... |
Pakistan: rising coal prices trouble cement sector27 June 2016, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) has called on the government to remove import duties on coal following a 16 per cent rise in price, The Nation reports. The cement industry is Pakistan’s main consumer of imported coal, accounting for 95 per cent of the total. A spokesperson for the APCMA said: “Our all efforts to reduce production costs faded away when the government imposed import duty on the cement industry’s main source of fuel, reducing our competitive advanta... |
Egypt receives 37 applications for new coal-fired cement plants16 February 2016, Published under Cement NewsA total of 37 companies have applied for licences to construct new coal-fired cement plants in nine governorates, Daily News Egypt reported on Saturday citing Egypt’s Industrial Development Authority (IDA). Ismail Gaber, head of the IDA, said the new licences aim to increase investments in the cement industry to meet local consumption. Minister of Industry, Tarek Qabil, announced earlier this year that the IDA would issue licences to establish cement factories in the governorates of Be... |
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) |