The Union Mines Ministry has expressed displeasure over the unimpressive progress of mineral blocks auctioned by states, reports the Business Standard. Post auctions, little has been done to secure clearances to enable commencement of mining from such blocks.
Category: Coal & Mining
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Excess coal output worries government
As India plans to become completely self-sufficient in energy security in view of the changing circumstances, the government is worried about how to dispose the country's excess coal production, Union Minister for Power Piyush Goyal has said. He said that two years ago, when he had announced a target of one billion tonnes of coal production, Ăâit was an off-the-cuff remarkĂâ to tackle coal shortages prevalent then.
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Coal price increase may push up power tariffs
With a hike in coal prices and levy of coal terminal charge, electricity consumers may end up paying more as discoms increase tariffs to counter the hike. This is due to the hike in coal price.
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Coal Ministry to go totally digital
In line with the CentreĂ´s ambitious Ă´Digital IndiaĂ´ initiative, the Coal Ministry has decided to move all papers and documents into digital format from November 1 onwards, a move aimed at bringing in efficiency and transparency.
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Jharkhand revises royalty income from coal auctions
The success of the recently concluded coal mines auctions is poised to increase JharkhandĂ´s royalty income from coal mines by 73.5 per cent, as the state now aims to receive Rs.5,500 crore as royalty income each year.
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Coal ministry to allocate alternative block to Odisha
The Coal Ministry has agreed to OdishaĂ´s proposal to allocate an alternative coal block to Odisha Thermal Power Corporation Ltd (OPTCL) for its 2,400-MW coal-based power plant proposed near Dhenkanal.
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Portal launched for rating of mines
To ensure mining companies follow all regulatory rules, the Ministry of Mines has launched a portal for online filing of evaluation template for star rating of mines, which will prompt miners to quickly adopt sustainable practices for a higher rating.
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India to develop coal fields in Russia
India plans to further enlarge the scope of investment in the Russian commodity market to fuel its industries for coming decades. As part of this strategy India has offered to jointly develop coal fields and mines in Russia.
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Gen-next mining solutions
As the Indian economy continues to grow from strength to strength, significant investments are being made to improve the much needed infrastructure of the construction and the mining industries, that are not far behind, with a high demand for fuel efficient and high productivity tippers.
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Railways rationalises coal tariff
The Railways has rationalised coal tariff by reducing the rate for long-distance transportation and increasing it for short distance while imposing Rs 110 per ton coal terminal surcharge at loading and unloading for distance beyond 100 km.