Negotiations between Nippon Steel Corp. and Australian and British mining giant BHP Billiton are likely to result in a 200 percent spike in the price of coking coal in the next business year, sources said Saturday. JFE Steel Corp. and other major Japanese steelmakers are likely to accept price rises of similar magnitude, the sources said. Overall costs for the Japanese steel industry are likely to be pushed up by
There seems to be a serious divide within the Planning Commission over the implementation of the country's first $8-billion coal-to-liquid (CTL) project by the Tata group and its South African partner Sasol. The inter-ministerial group (IMG) headed by Planning Commission member (energy) Kirit Parikh had in February-end, given its consent to the Tata-Sasol project. The Tata group has sought access to 30 million tonne a year of coal for producing 3 million barrels of oil and 1,500 mw of power for the CTL project.