At the moment @chuckle SP movements are largely irrational at...

At the moment @chuckle SP movements are largely irrational at best. Hopefully the SP finds a base at the current levels.

Some more information on the current Indian / Australian round table discussions (from prolifix post 16972256 on another company I have an interest in).

Shri Piyush Goyal, Minister of State (IC) for Power, Coal and New & Renewable Energy will co-chair 3^rd India – Australia Energy Security Dialogue to be held from 8th to 11th February 2016 at Australia.
Besides official dialogue, several Roundtables will be organized during the Energy Security Dialogue with a view to get to know the state of art technologies in the relevant areas. The discussion will also enhance business to business collaboration in different sectors. These roundtables include
(a) Efficient Coal Mining, Clean Coal Technologies, Coal Gasification (including underground) Mine Safety, Mine Closure etc. at Brisbane.
(b) Business opportunities for LNG production and trade, Coal Bed Methane at Brisbane.
(c) Management training and Skills Development in Coal Sector at Brisbane.
(d) Renewable Energy and Challenges for Grid Integration at Sydney.
(e) Efficient Coal Based Power Generation and Carbon Capture and Storage (CCS) at Sydney.
(f) Smart Grids, Smart Meters and Energy Efficiency at Sydney.
(g) Investors Roundtables (Business Community, Investors, Industry Analysts,etc.) at Sydney.
The coal sector of India envisages doubling its production in next five years. This includes technology development, adopting best mining practices, environment management, development of skills, improvement of safety etc. Australia being the leading coal producer in the world with very high safety records in coal mining is in a position to help India in improving the mining practices and development of environment friendly technologies.

It is envisaged that the technical cooperation between India and Australia in the coal mining sector would help India in improving the safety, production and productivity of coal mines besides developing clean coal technologies. In this context, the following areas have been proposed for deliberations in the ensuing meetings of energy security dialogue between both the countries.

Underground mining technologies
Mine closure and reclamation of mined out areas
Mines safety – capacity building
Exploration technologies for coal exploration
Dry coal beneficiation technologies
Development of coal bed methane (CBM)/coal mine methane (CMM)
Development of underground coal gasification (UCG)
Skill development

For improvement of safety in coal mines, officials from coal companies are being trained at SIMTARS, Australia under the programme of training for trainers. It is proposed to enhance the scale of this training covering more number of people from the industry. It is proposed to set up a virtual reality training centre at ISM, Dhanbad with the help of SIMTARS, Australia and Indian coal mining companies namely CIL and NTPC.

In regard to skill development, both the countries have agreed to set up a Centre of Excellence for Mining at Indian School of Mines (ISM), Dhanbad. This facility is envisaged to provide opportunities for partnership between Australian institutions and ISM, Dhanbad in the areas of research and development, mining technology, safety and disaster management, clean coal and energy technology etc. and joint training programmes for technological, managerial and operational skill development in coal sector.


http://pib.nic.in/newsite/erelease.aspx?relid=136172