Government will soon exploit economically unviable coal mines for gasification to produce cheaper urea to cut down on huge Rs.55,000-crore annual subsidy on the fertiliser, Union Minister Gadkari said.
Category: Coal & Mining
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Coal India output to hit record 550 MnT in FY16
Increased output by Coal India has resulted in savings of about Rs.17,000 crore and the state-run miner is set for a record production of 550 million tonne (MT) this fiscal, a top official said.
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15 coal mines to start production
As many as 15 more coal mines that were auctioned last year would begin production by March 31, taking the number of total producing mines to 23, the government said.
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Government identifies six blocks for mining by PSUs
The coal ministry has identified about six coal blocks for allotment to PSUs for commercial mining, Coal Secretary Anil Swarup said.
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India to go ahead with coal plans after Paris climate deal
India still plans to double coal output by 2020 and to rely on the resource for decades afterwards, a senior official said, days after 190-odd countries
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States receive Rs.582 cr from coal block auction so far
Six state governments have received a total of Rs.582 crore from 31 coal blocks that have been auctioned so far
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Cabinet allows states to mine & sell coal, ends monopoly
Ending the 41-year-old monopoly of the central government over mining and sale of coal, the Cabinet Committee of Economic Affairs (CCEA)
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Government to auction 8 coal blocks to steel and cement companies
The government said it will auction eight coal blocks with 1,143 million tonnes of reserves to steel and cement firms. The last date for submission of bids will be December 31, coal secretary Anil Swarup said
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India to sell more coal mines in production push: Swarup
India will auction another eight coal blocks to private steel, cement and electricity companies in January, coal secretary Anil Swarup said, as it races to more than double output to 1.5 billion tonne.
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Mines Min propose scrapping export tax on iron pellets
The mines ministry has written to the finance ministry to propose scrapping a 5 per cent export duty on iron ore pellets, Mines Secretary Balvinder Kumar said, adding the government could also look at abolishing duty on low-grade iron ore.