U.S. banks were the second biggest lenders, providing $68 billion to coal companies between 2018 and 2020. Citigroup was the leading U.S. funder with $13.5 billion in loans to coal companies over the last two years. In April 2020, Citigroup committed to stop providing financial services for thermal coal mining by 2030.
Later on the management of 711 coal mines was also taken over by the Government with effect from 31.1.1973 and they were nationalised w.e.f. 1.5.1973 and a new Government Company namely, Coal Mines Authority Limited (CMAL) with headquarters at Calcutta, was set up by the Government in May, 1973 to manage non-coking coal mines.
Both coal mining and coal-fired power plants: 2015-11: 2017-12: Inter-American Development Bank (IDB) Bank: US: 2020-09: Intesa Sanpaolo S.p.A. Bank: Italy: By 2025, will terminate its exposure to counterparties belonging to the coal mining sector. Will not grant new loans for investments in coal-mining projects or the construction of coal ...
Bharat Coking Coal is a public sector undertaking engaged in the mining of coal and allied activities. Lists Featuring This Company Investors Active in Chennai, Tamil Nadu 441 Number of Organizations • $12B Total Funding Amount • 382 Number of Investors Investors Active in India
Achieved coal exports of 600,000 MT during the calendar year 2012. PT CEG Resources is a coal trading & mining company. It financed coal mines in Indonesia and export coal from Indonesian market to buyers in Asian market. One of the prominent buyer of CEG's products is Chettinad Group, a South Indian conglomerate. Show more Show less
Thermal coal exposure measures the proportion of a company's operations that is linked to the mining, processing or sale of this common but increasingly environmentally unacceptable fossil fuel. Thermal coal, also known as 'steaming coal' or just 'coal', is widely used as the principle means of generating electricity in much of the world.
Five years ago, it acquired Navbharat Coalfields, a privately held firm engaged in coal mining and washery projects. For Oman India Joint Investment Fund, this comes as a back-to-back transaction after it had arguably made a debut deal by picking up nearly 20 per cent stake for $9.8 million (Rs550 million) in Chennai-based Indus Teqsite.
Motilal Oswal Real Estate (MORE), the real estate private equity arm of Motilal Oswal Group, on Wednesday said it has committed investments of Rs 1,200 crore during the last 18 months across various projects and plans to invest Rs 1,000 crore more by March next year. In a statement, MORE said that the company has cumulatively committed Rs 1,200 ...
In March 2021, Coal India Ltd. (CIL) approved 32 new coal mining projects, of which 24 are expansion of the existing projects and the remaining are greenfield. Estimated cost of the project is Rs. 47,000 crore. In 2021, state-owned NMDC aims to utilise 97% production capacity to manufacture 35 MT of iron ore.
Australian Ethical does not invest in any coal mining companies. Unfortunately, the same cannot be said of some of Australia largest super funds. As at 30 June 2018 AustralianSuper's balanced investment option held $63.3 million in Whitehaven shares, and as at 31 March 2018 Hostplus held $34.2 million in Whitehaven shares.
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Coal India set to diversify into non-coal mining areas in 2021 PTI / Dec 26, 2020, 15:33 (IST) State-owned Coal India Ltd (CIL) is set to diversify into non-coal mining areas as well as make major investments in clean technology in 2021 after demand for the dry fuel remained muted for most of this year amid the coronavirus pandemic impacting ...
Europe's leading impact investing fund, Huruma, managed by GAWA Capital, announced its investment of $11.6 million in Chennai-based agri-commerce company WayCool Foods. The investment will be used to accelerate and leverage deep tech and automation at WayCool to enhance its efficiency multi-fold.Luca Torre and Agustin Vitorica, Co-CEOs, …
Director | BSc, MBA Geologist and Mining Financier, Mining Finance Funds Charles is a specialist in resource finance and investment and joined Taurus in 2008. Charles is a trained geologist and worked as such in both Australia and Papua New Guinea with his experience covering coal, copper and gold.