Metals markets eye China reopening for stimulus rally cues
There are still plenty of concerns that Beijing will need to act even more forcefully and restore China to its status as the growth engine for major commodities.
The Times of India reports that rain has disrupted operations at several coal mines in India, and several power plants are close to shutting down due to lack of supply:
The country is staring at a blackout situation as nearly all thermal power generation units are operating on a fast-depleting supply of coal that can run out any moment.
2 Comments
M.D. from Germany
Are you aware, that your Article is based on old information, dating back to 2008. This is badly researched, Mr. McCrae. Yours, M.D. from Germany
Here the Original:
Coal shortage: Kolkata faces blackout threat
Debdutta Ghosh, Posted: Oct 24, 2008 at 0340 hrs IST
http://www.expressindia.com/latest-news/coal-shortage-kolkata-faces-blackout-threat/377450/
M.D.
Sorry, Mr. McCrae, I have to apologize. Since you didn’t link the original, google mislead me to an older acticle. The resumee is, that India ist facing this type of shortage many times out of different reasons.
Brace for blackouts as supply falls short
TNN Oct 8, 2011, 02.47AM IST
http://articles.timesofindia.indiatimes.com/2011-10-08/delhi/30257873_1_power-plants-dadri-plant-power-generation