Coal India Emerges as World's Sixth Largest Mining Firm (From #8 in '14 to #6 in '15)

[Chanakya's_Chant]

Coal India Emerges as World's Sixth Biggest Mining Firm: PwC Report

State-owned miner Coal India is now the sixth largest company globally when it comes to market capitalisation, according to a report by global auditor firm.

Previously, the company held the eighth rank in the list of leading 40 global mining companies, stated a report by PricewaterhouseCoopers (PwC).

Coal India was the second highest dividend payer in the country for the fiscal year ending March 2015, next to India's largest software firm Tata Consultancy Services (TCS).

Another state-controlled mining major National Mineral Development Corporation (NMDC), which is also included in the list, saw its position moving up to 21 from 24.

The report, named 'Mine 2015', which measures the financial performance of the top 40 global mining firms by their market capitalisation, has found their market values falling in 2014 despite an improvement in most of the other financial parameters.

"The top 40 miners lost $156 billion, or about 16 per cent of their combined market value, in 2014," the report stated, according to Business Standard.

The total market capitalisation of 40 companies stood at $791 billion by the end of 2014, falling to a level seen 10 years ago.

"That's a drop of 16 per cent from $947 billion at the end of 2013. It's the second consecutive year of decline. Incredibly, the market capitalisation of the top 40 is only about half of its value four years ago," it added.

Iron ore mining companies, which have a diversified portfolio, were largely responsible for the fall in market capitalisation of the studied companies in 2014.

Last year, iron ore was the most severely hit metal in the commodity complex, as oversupply concerns and subdued demand reduced its prices by half.

However, the report said the coal mining companies in the BRICS countries had witnessed a 19 percent rise in market capitalisation last year as compared to a year earlier.

Overall, stock prices of the 40 firms showed a stark difference, with 15 of them recording gains and 25 posting losses last year.

Source:- Coal India Emerges as World's Sixth Biggest Mining Firm: PwC Report

 

[East or West India Best]

That can be attributed to falling oil prices.

 

[Chanakya's_Chant]

How? Not only India’s coal consumption was the highest in the world in 2014 at 11.1% but also the growth in overall energy consumption in India at 7.1%, outperformed the global growth at 0.9% in 2014. In comparison, coal consumption growth in China was only 0.1%.

India’s share of global energy consumption stood at 4.9% in 2014.

Interestingly India’s coal production reached a record high of 644 million tonnes. Output grew by 38.9 million tonnes in 2014, the largest increase in the world and in the country’s history. India was the fifth largest coal producer in 2014.

India's coal consumption grew fastest in the world in 2014: BP | Business Line

It has more to do with the revival of the Indian economy than the falling oil prices that have now started to recover.

 

[Echo_419]

How? Not only India’s coal consumption was the highest in the world in 2014 at 11.1% but also the growth in overall energy consumption in India at 7.1%, outperformed the global growth at 0.9% in 2014. In comparison, coal consumption growth in China was only 0.1%.

India’s share of global energy consumption stood at 4.9% in 2014.

Interestingly India’s coal production reached a record high of 644 million tonnes. Output grew by 38.9 million tonnes in 2014, the largest increase in the world and in the country’s history. India was the fifth largest coal producer in 2014.

India's coal consumption grew fastest in the world in 2014: BP | Business Line

It has more to do with the revival of the Indian economy than the falling oil prices that have now started to recover.

Nah every good thing is die to oil prices even if you passed the maths exam its becuz of oil prices

 

[cirr]

How? Not only India’s coal consumption was the highest in the world in 2014 at 11.1% but also the growth in overall energy consumption in India at 7.1%, outperformed the global growth at 0.9% in 2014. In comparison, coal consumption growth in China was only 0.1%.

India’s share of global energy consumption stood at 4.9% in 2014.

Interestingly India’s coal production reached a record high of 644 million tonnes. Output grew by 38.9 million tonnes in 2014, the largest increase in the world and in the country’s history. India was the fifth largest coal producer in 2014.

India's coal consumption grew fastest in the world in 2014: BP | Business Line

It has more to do with the revival of the Indian economy than the falling oil prices that have now started to recover.

India’s coal consumption was the highest in the world in 2014 at 11.1%？Highest compared with what？Previous years？As a percentage of total enegy consumed？Highest in the world？Don't kid yourself。India's is not by a long stretch。

China's 2014 coal production was just under 4 billion tons（nearly half of the world total）while India produced a measly 0.644 billion tons。

India has got a long long long way to go either as a producer of coal or consumer of coal。

For your information，China is doing its level best to cut down the consumption of coal so as to meet its environmental goals。

 

[Chanakya's_Chant]

India’s coal consumption was the highest in the world in 2014 at 11.1%？Highest compared with what？Previous years？As a percentage of total enegy consumed？Highest in the world？Don't kid yourself。India's is not by a long stretch。

Both coal consumption and production GROWTH were the highest in the world in '14.

India's coal consumption grew fastest in the world in 2014: BP | Business Line

 

[nForce]

Modi ka luck hai yaar.. man na padega

 

[AndrewJin]

Both coal consumption and production GROWTH were the highest in the world in '14.

India's coal consumption grew fastest in the world in 2014: BP | Business Line

How? Not only India’s coal consumption was the highest in the world in 2014 at 11.1% but also the growth in overall energy consumption in India at 7.1%, outperformed the global growth at 0.9% in 2014.

India's coal consumption was the highest in the world.
Congrats!

 

[cirr]

Both coal consumption and production GROWTH were the highest in the world in '14.

India's coal consumption grew fastest in the world in 2014: BP | Business Line

India the largest coal consumer in the world？

You need to double check your figure and not be easily misled，or worse，brainwashed，by third rate reporting which has become the hallmark of Indian journalism。

 

[tsinga]

Coal India needs to be privatized.

 

[scorpionx]

India the largest coal consumer in the world？

You need to double check your figure and not be easily misled，or worse，brainwashed，by third rate reporting which has become the hallmark of Indian journalism。

Its the rate of growth not cumulative consumption the report is talking about.

 

[Chanakya's_Chant]

India's coal consumption was the highest in the world.
Congrats!

India the largest coal consumer in the world？

You need to double check your figure and not be easily misled，or worse，brainwashed，by third rate reporting which has become the hallmark of Indian journalism。

Don't embarrass yourselves - It's the GROWTH god damn it. Comprehension issues much?

 

[The enlightened]

Coal consumption needs to come down, not go up dammit.

 

[AndrewJin]

Don't embarrass yourselves - It's the GROWTH god damn it. Comprehension issues much?

We all know what the truth is, pls check your own comment.

How? Not only India’s coal consumption was the highest in the world in 2014 at 11.1%

British empire really taught you brilliant English skills.

 

[IND151]

Its the rate of growth not cumulative consumption the report is talking about.

Exactly.