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India to Make Coal Washery Investment Mandatory for Private Miners

India’s Ministry of Coal has stipulated that private bidders for the forthcoming auction of six coking coal blocks for captive consumption would have to mandatorily commit investments to set up linked coal washeries to be eligible to participate in competitive bidding. According to a government official, since the government objective was to stop all supplies of un-washed coal to user industries, bidders at the auction would have to put in their investment plans the construction of washeries in their bid documents.

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Indonesian Firm to Construct Coal Port in Vietnam

Indonesian firm PT Intra Asia Indonesia has signed a memorandum of understanding (MoU) with its counterpart in Vietnam, in connection with its plan to construct a coal port in the southern part of the country worth $1 billion, according to the Jakarta Post. “The port will especially be used for cargo and logistics that will serve exports and imports between Indonesia and Vietnam, particularly coal,” said Intra Asia Indonesia Commissioner Lutfi Ismail.

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Australian Researchers to Improve Efficiency With DCFC

A research group is aiming to deliver coal power at double the efficiency in two years, according to the Sydney Herald. The research team’s work, which is funded by NSW Coal Innovation, is under way at the Newcastle Institute for Energy and Resources (NIER). The direct carbon fuel cell, or DCFC, will draw energy from fossil fuels at a higher rate than typical coal-fired power generation.

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Posco Wins Power Plant Deal in Bangladesh

South Korea’s Pulse News reported that Posco Engineering & Construction Co. (Posco E&C) landed a $834.2 million deal to build a coal-fired power plant and related facilities in Bangladesh. Posco E&C said it is working with a consortium led by Japan’s Sumitomo Corp. that intends to build two coal-fired power plants with a capacity of 600 megawatts (MW) each, 280 kilometers southeast of Dacca. It is the single largest coal-fired power plant project in southwest Asia and is expected to take about seven years to complete the entire construction. In the project, Posco E&C is assigned for civil engineering of the plants and construction of material handling facilities.

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Whitehaven Posts Impressive Results

Whitehaven Coal, Australia’s leading independent coal company with five operating mines in northwest New South Wales, has reported a net profit after tax of $405.4 million for the fiscal year ending June 30. While costs had increased modestly to $58 per metric ton (mt), the company reported sales of $1.77 billion, up 52%.

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