News Muncher - searching for coal

coal

Top Gainers and Losers today on 5 November, 2024: JSW Steel, Bajaj Auto, Coal India, Adani Ports & Special Economic Zone among most active stocks; Check full list here

Lured by discounts, Indian steelmakers lap up Russian coking coal

NEW DELHI: India's purchases of coking coal - essential for steel production - from Russia have surged in recent months, as the sanctions-hit country sells the ingredient at a significant discount to other large suppliers. Read this | India to import Russian coking coal via Iran's Chabahar port {{^adFree}} {{/adFree}} A trade source said, requesting anonymity, that the largest buyers …

Coal

India's JSW Steel to buy $120 mln stake in Australian firm to expand coal reserves

By Manvi Pant and Indranil Sarkar India's JSW Steel to buy $120 mln stake in Australian firm to expand coal reserves BENGALURU, - India's top steelmaker JSW Steel said on Monday it will buy a 67% stake in an Australian private firm for $120 million in a bid to expand its coal reserves. JSW Steel said it will buy the …

Coal Reserves

A billion-dollar coal deal in JSW Steel's sights

Mumbai: JSW Steel Ltd is in talks with Australia’s Whitehaven Coal to buy a 20% stake in its Blackwater mine for around $1 billion, two people aware of the matter said. JSW Steel’s talks with Whitehaven follow its failed bid to acquire a majority stake in the metallurgical coal business of Canada’s Teck Resources in 2023, which was snapped up …

Discussions between India’s JSW Steel and Canada’s Teck over the latter’s stake sale had slowed down, Reuters reported. In the first sign that a diplomatic spat is affecting trade ties, India’s JSW Steel Ltd is slowing down the process to buy a stake in the steelmaking coal unit of Canada’s Teck Resources, Reuters news agency has reported, citing a source …

JSW Steel may buy up to 40% stake in Canada’s Teck Resources’ coal unit: Report

JSW Steel Ltd is planning to pick up 20 per cent to 40 per cent stake in Elk Valley Resources Ltd — a metallurgical coal unit of Teck Resources. Indian business tycoon said that Indian steel major intends to bid for 20 per cent to 40 per cent of the coal unit of the Canadian company. Sajjan Jindal went on …