TelestackPort of South LouisianaPort of StocktonBühler GmbHTMS Awards 2023Sailors Society
  • Cimbria
  • Bühler GmbH
  • Vigan
  • Telestack
  • Sailors Society
  • Port of Stockton

WCA responds to India coal auctions

WCA responds to India coal auctions

(Posted on 19/06/20)

Statement from Michelle Manook, World Coal Association Chief Executive:

“The World Coal Association acknowledges the significance of India’s coal auctions in what is recognised as a historic moment for the country. We strongly support all countries in their right to choose coal and clean coal technologies, to deliver their economic and environmental aspirations. Today is an important milestone in India’s drive towards ‘24x7 affordable and environmentally friendly power for all by 2022’, with coal enabling economic growth, bringing power to households, and directly supporting the steel and cement industries who will be critical to the success of the ‘Make in India’ campaign. Moreover, the coal auctions will support several other policy objectives of the Indian Government, including Prime Minister Modi’s 1 billion tonne coal vision and economic recovery following COVID-19.

As Prime Minister Modi has made clear, the coal auctions are a major step in developing the economy, with the commercial mining of coal blocks expected to generate Rs 33,000 crore of capital investment over the next five to seven years.

While it’s true that the Indian government has acknowledged the hurdles to investors and businesses, these can be resolved with a collaborative approach. India has a young consumer population and its economic potential is clear: economic liberalisation, strong demand potential and planned infrastructure development all provide positive signs for the expansion of India. Today’s coal auctions emphasise the need for a collective focus and alignment; for industry, governments, investors and key stakeholders to work together to deliver both the economic and environmental objectives of the government reforms which will enhance operational efficiency, innovation, and productivity in India.

Coal will remain a critical contributor for the foreseeable future, to the energy mix and for several industries including steel and cement. India is rightly prioritising their right to develop and deliver the economic and environmental aspirations which will build a sustainable future for the country.

The World Coal Association looks forward to engaging with the Ministry of Coal and working collaboratively with all stakeholders in supporting the economic opportunities underpinned by clean coal.”

Latest News

SSAB postpones commissioning of new steel mill in Luleå by 12 months

(Posted on 20/06/25)

SSAB has commenced preparatory work to build a new, state-of-the-art steel mill in Luleå, Sweden... Read more


Anglo American streamlines leadership team to reflect portfolio progress

(Posted on 20/06/25)

Anglo American plc has streamlined its executive leadership team to reflect substantial progress with... Read more


NeoSmelt welcomes Government support for steel decarbonisation project

(Posted on 20/06/25)

NeoSmelt, a consortium of leading resources, energy and manufacturing companies working together on... Read more


Telestack announces new iron ore project

(Posted on 16/06/25)

Northern Ireland based Telestack have announced that they have been awarded a contract for the supply... Read more


Bühler opens grain puffing technology centre

(Posted on 15/06/25)

Bühler has opened its new Puffing Application Center in Uzwil, Switzerland, providing food... Read more


Ore sorting demonstration project at Havre-Saint-Pierre mine launched

(Posted on 15/06/25)

Rio Tinto is investing CA$7.6 million in an industrial demonstration project to assess the integration... Read more


Bühler sets new global standard with state-of-the-art Milling Academy

(Posted on 15/06/25)

Bühler has opened a new, state-of-the-art Milling Academy – a 1,800-square-meter training... Read more


Anglo American completes demerger of Valterra Platinum

(Posted on 06/06/25)

Anglo American plc has announced that it has completed the demerger of c.51% of the Company’s... Read more


Western Range iron ore mine in Pilbara opened with Yinhawangka owners

(Posted on 06/06/25)

Rio Tinto has officially opened its newest iron ore mine, Western Range, with Western Australian Premier... Read more


Heidelberg presents Strategy 2030 to accelerate profitable growth

(Posted on 02/06/25)

Heidelberg Materials has presented its “Strategy 2030: Making a Material Difference” at... Read more


Van AalstViganCimbriaTBA GroupGeneva Dry
  • Port of South Louisiana
  • TMS Awards 2023
  • Geneva Dry
  • Van Aalst

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping