The coal sector remains the most inefficient and least open to private investment, despite coal being the country´s primary source of fuel, says Krrishan Singhania, Managing Partner, Singhania Associates.
Category: Coal & Mining
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Digging Deep
In the early 1970s, the Government of India took over the management of coal mines in two tranches. The process kick-started with the nationalisation of coking coal mines in 1971-72, followed by non-coking coal mines the following year. With the enactment of the Coal Mines Act, 1973, all mines were nationalised.
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CIL hikes coking coal prices by over 20percent
Coal India subsidiary, Bharat Coking Coal, has raised prices of coking coal used in sponge iron making by a minimum of 20 per cent. It has also linked prices of premium grades of coking coal with the import prices.
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Coal Ministry wants fuel linkage auctions
The Coal Ministry will soon seek Cabinet approval for the auction of coal linkages for the power sector.
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ArcelorMitta´s Rs.50,000-crore mining project fails to get green nod
The Environment Ministry has shot down a Rs 50,000-crore proposal from ArcelorMittal for a mining project in the dense Saranda forest area of Jharkhand.
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Coal Ministry to move Cabinet for fuel linkages to power sector
The Coal Ministry will soon seek Cabinet approval for the auction of coal linkages for the power sector.
“It is broadly finalised. We will take it to the Cabinet soon,” said Coal and Power Minister Piyush Goyal. “We will soon go for inter-ministerial consultations. The whole process has been finalised.”
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Iron ore shipments up 154percent through Major Ports
Iron ore cargo through Major Ports has logged the sharpest growth among all commodities in the April-December period. Till the end of December, iron ore shipments were up from 12.7 million tonnes (MT) to 32.4 MT, a rise of 154 per cent.
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Coal imports down 25percent at 14 MT in December
Coal imports have fallen by 25 per cent to 14.31 million tonnes (MT) in December, due to higher availability of domestic fuel. The country had imported 19.15 MT of coal in December 2015.
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Coal India hikes coking coal prices by over 20 per cent
Coal India subsidiary, Bharat Coking Coal, has raised prices of coking coal used in sponge iron making by a minimum of 20 per cent. It has also linked prices of premium grades of coking coal with the import prices.
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ArcelorMittal’s Rs 50,000-crore mining project fails to get green nod
The Environment Ministry has shot down a Rs 50,000-crore proposal from ArcelorMittal for a mining project in the dense Saranda forest area of Jharkhand.