ViganTOC EventsCleveland Cascades LtdCimbriaPort of StocktonTBA Group
  • Port of South Louisiana
  • TBA Group
  • TOC Events
  • Cleveland Cascades Ltd
  • Multimodal 2022
  • Van Aalst

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

Schenck Process announces mining business sale to Sandvik

(Posted on 12/05/22)

Schenck Process, a global company for sustainable, integrated measuring and process technology solutions... Read more


BHP completes the divestment of its BMC interest

(Posted on 05/05/22)

BHP has completed the sale of its 80 per cent interest in BHP Mitsui Coal (BMC) to Stanmore SMC Holdings... Read more


NGFA testifies on rail service failures experienced by grain shippers

(Posted on 27/04/22)

The National Grain and Feed Association (NGFA) in the USA has testified before the Surface Transportation... Read more


Challenging Q1 re-emphasises need to lift Rio Tinto’s ops performance

(Posted on 20/04/22)

Rio Tinto has released its first quarter production results. Chief Executive Jakob Stausholm, said: &... Read more


Universities: sand produced by Vale a solution to sustainability

(Posted on 14/04/22)

A report by the University of Queensland and the University of Geneva indicates that sand from iron... Read more


20 Soy schemes pass FEFAC benchmarking process

(Posted on 12/04/22)

FEFAC and ITC have announced that five more schemes offering responsible soy products to the European... Read more


US ag groups urge flexibility amid food crisis threat

(Posted on 01/04/22)

The National Grain and Feed Association (NGFA) in the USA has urged Agriculture Secretary Tom Vilsack... Read more


Rio Tinto completes acquisition of Rincon lithium project

(Posted on 30/03/22)

Rio Tinto has completed the acquisition of the Rincon lithium projectin Argentina for $825 million,... Read more


Ukrainian Grain Association call for humanitarian aid

(Posted on 23/03/22)

Following Russia’s invasion of Ukraine, the Ukrainian Grain Association has launched an non-political... Read more


Bühler hands over first Prime Masa plant in India

(Posted on 18/03/22)

Bühler has handed over its first Prime Masa plant in India, the second Prime Masa plant worldwide... Read more


The Wolfson Centre for Bulk Solids Handling Technology Multimodal 2022Sailors SocietyTelestackBühler GmbHVan Aalst
  • Sailors Society
  • Telestack
  • Port of Stockton

Subscribe to our newsletter

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