Coal India, the Indian coal behemoth, has ended up selling most of the linkages offered to captive power producers. These linkages are critical as they act like long-term assurance for supplies.
Category: Coal & Mining
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Rs.2,237-cr revenue generated from 74 coal mines
Revenue of around Rs.2,237 crore has already been generated till May-end from the allocation of 74 coal mines, Coal and Power Minister Piyush Goyal said in a reply to Rajya Sabha. The estimated revenue from the e-auction of 31 coal mines is Rs.1,96,689 crore, he added.
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We are mechanising all our mines for better turnaround time
The Ministry of Coal (MoC) is targeting coal production of 1.5 billion tonnes. Of this one billion tonnes will come from Coal India Limited (CIL) and the remaining 500 million tonnes will come from non-CIL sources, particularly from the mines that are presently being auctioned or allocated to non-Coal India entities.
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The MMDR Amendment | Silver lining for M And As
Indian soil is blessed with rich mineral resources and has a long history of mining, mineral production, and mineral utilisation. The mining sector in India is governed by the provisions of the Mines and Mineral (Development and Regulation) Act, 1957 (MMDR Act) together with the rules prescribed there under.
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Joy Global expands into underground hard rock
Through two major acquisitions, the leading mining equipment and service provider has established a clear presence in a new market for the company.
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Odisha to have 10percent stake in rail link for port-led development
Odisha has confirmed 10 per cent equity participation in the Special Purpose Vehicle (SPV) of Indian Port Rail Corporation Ltd (IPRCL) that will be formed for development of a heavy haul rail corridor from Salegaon to Paradip port.
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Cabinet approves National Mineral Exploration Policy
The Union Cabinet chaired by Prime Minister Narendra Modi has approved the National Mineral Exploration Policy (NMEP).
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PM wants ministries to chalk out plan for better movement of coal
Prime Minister Narendra Modi has reportedly asked the ministries of coal, railways, shipping and power to work out a plan for better movement of coal though coastal and inland waterways and present the policy on the same to the cabinet.
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New mineral policy to bring in private investment | Tomar
The Centre will soon introduce a national mineral exploration policy which will promote private investment in the sector other than boosting exploration, Union Minister of Mines Narendra Singh Tomar said.
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Hundreds of mines closed following NGT order
Hundreds of minor minerals mines, which failed to obtain the National Green Tribunal (NGT) mandated environment clearance (EC) in Kota region were forced to discontinue operations, leaving thousands of labourers without work.