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The Latest Breaking News from Coal

Caliber Mining & Logistics IPO Day 1: Issue subscribed 61% so far; GMP signals 25% listing gain

Caliber Mining & Logistics' Rs 450-crore IPO rush was driven by strong retail and non-institutional investor demand. The issue is also attracting attention in the grey market, with a GMP of Rs 105, implying a potential 25% listing premium over the upper price band of Rs 424.

The Economic Times

Air pollution warning as mining union backs major Hunter coal plan

'It's an extremely important project; it will be criminal if the IPC doesn't approve this mine going forward.'

Newcastle Herald

Caliber Mining & Logistics IPO opens today with 25% GMP; Check price band, and key details

Caliber Mining & Logistics' Rs 450-crore IPO opens for subscription today with a grey market premium of Rs 105, indicating a potential 25% listing gain over the upper price band of Rs 424. The issue comprises a Rs 400-crore fresh issue and a Rs 50-crore OFS, with bidding open until…

The Economic Times

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Abakkus, Helios back Caliber Mining's Rs 135-crore anchor book ahead of IPO

The company informed the stock exchanges that it allotted 31,83,961 equity shares to anchor investors at Rs 424 per share, the upper end of the IPO price band.

The Economic Times

Commission warned more coal, more insurance pain

Insurance bills of up to $14,000 to cover flood-prone homes have been used to argue against a major coal mine extension in the same region.

AAP

Supporters and opponents prepare to clash over proposed mine expansion

Mayor predicts "interesting couple of days" in hot debate.

Newcastle Herald

Coalition and One Nation’s plan to ditch net zero would not lower power prices, CSIRO report finds

GenCost report contradicts parties’ claims about abandoning emissions target, and finds nuclear would be most expensive way to generate power

The Guardian - AU

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Trump Utah Monuments Size Reduction Puts Sacred Tribal Land and Mineral Wealth on Collision Course

Native American coalition leaders are heartbroken after Donald Trump used executive powers to shrink the Bears Ears and Grand Staircase-Escalante monuments.

International Business Times UK

7000 jobs on the table at mine sites, now investors need to take the plunge

'We're already aware of a number of businesses looking for sites in the Hunter.'

Newcastle Herald

‘Victory’ as Türkiye ends major coal plant expansion – but still lacks phaseout plan

Türkiye’s last planned coal project was cancelled due to public pressure – but a new one has been announced.

Euronews

Caliber Mining & Logistics IPO to open on July 17, price band announced

Caliber Mining & Logistics announced its Rs 450-crore IPO price band of Rs 402 to Rs 424. The public issue will open for subscription on July 17 and close on July 21. The company plans to use IPO proceeds for debt repayment and capital expenditure.

The Economic Times

Solar generated record 25% of EU power in June with Germany, Spain and Poland leading the race

Solar was ahead of coal, gas, nuclear, wind and hydropower.

Euronews

China investigates mine-safety official for corruption after deadly gas explosion

China's top mine-safety official in a major coal region is under investigation for corruption

The Independent UK

7000 jobs, new industries: bold plan for Hunter's post-coal future revealed

Two Hunter coal sites set for major industrial transformation.

Newcastle Herald

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The Economic Times

'Coal scam': Delhi court dismisses ED case against ex-MP Vijay Darda, son Devendra, others

Special Judge Sunena Sharma was hearing the applications of former MP Vijay Jawaharlal Darda, his son Devendra Kumar Darda, AMR Iron & Steel Pvt Ltd, Manoj Kumar Jayaswal and others seeking the "dropping" of the present Enforcement Directorate (ED) proceedings against them.

Newcastle Herald

Hollow promises: Labor's side-stepping out of tune with bullish vow on miners

Phillip O'Neill: Hunter MPs silent as key transition authorities seem unwilling to dirty their boots

Newcastle Herald

Why this Warners Bay apartment block may stretch above the height limit

The plan proposes 25 apartments close to the suburb's business hub.

The Times of India

Iceland heats almost every home with volcanic heat, pumping naturally heated water from deep beneath its active volcanic landscape instead of burning coal, oil, or natural gas

Iceland harnesses Earth's natural heat for widespread geothermal energy. This system provides heating and hot water to nearly ninety percent of households. Geothermal energy also supports various industries and electricity generation in the country. The nation's long-term investment demonstrates a successful renewable energy transformation. Iceland's model offers valuable lessons for…

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The Economic Times

HCL in 'positive direction' on takeover of 4 copper blocks in Chile; advisors studying data

Hindustan Copper Limited is advancing positively on acquiring four Chilean copper blocks. Transaction advisors are studying data and regulatory issues are being examined. This move aims to secure critical raw materials for India's green energy transition. The company is bidding jointly with NTPC Mining and Coal India Limited.

MyLifeXP

Why This Australia-India Deal Matters More Than You Think

India's demand for electricity is rising faster than ever as cities expand, industries grow, and millions of people require reliable power every day. While solar and wind energy continue to grow, they cannot generate electricity around the clock. That is where nuclear energy becomes important. India's latest uranium supply agreement…

Newcastle Herald

Hunter mine cleared to keep digging for almost another decade

The state government has approved an extension and expansion.

The Times of India

In May 1962, the borough of Centralia burned trash to clean up a local landfill before Memorial Day, but the fire spread into abandoned coal mines beneath the town: More than 60 years later, it’s still burning

In 1962, a landfill fire in Centralia, Pennsylvania, sparked a dangerous underground coal seam blaze that has raged on for over sixty years. Despite engineers' attempts, the intricate geology and the presence of abandoned mines complicated containment efforts. The situation escalated with a sinkhole in 1981, prompting a mass evacuation…

The Economic Times

NALCO shares in focus on JV with NLC India for 1,080 MW thermal plant in Odisha

National Aluminium Company and NLC India have signed an agreement for a joint venture. This new entity will establish a 1,080 MW captive thermal power plant in Odisha. The plant will supply electricity for NALCO's aluminium smelter expansion project. Partners will also explore renewable energy sourcing and long-term coal supply.…

The Economic Times

Govt seeks proposals for coal gasification projects under Rs 37,500-cr incentive scheme

The incentive, launched in May this year, is aimed at promoting surface coal/lignite gasification for the production of syngas and downstream value-added products such as synthetic natural gas (SNG), urea, ammonium nitrate, methanol, DME and other chemicals, thereby enhancing the country's energy security, reducing import dependence, and facilitating utilisation of…

The Economic Times

Nalco, NLCIL sign JV pact to set up 1,080 MW captive power plant in Odisha

National Aluminium Company and NLC India have signed a joint venture agreement. They will jointly establish a 1,080 MW thermal captive power plant in Odisha. This new plant will supply essential power to Nalco's aluminium smelter expansion project. The collaboration also aims to explore renewable energy and secure coal supply.…

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