Ending the 41-year-old monopoly of the central government over mining and sale of coal, the Cabinet Committee of Economic Affairs (CCEA)
Category: Coal & Mining
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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.
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Centre to address sector concerns
We are aware that at present the steel sector faces many challenges. Imports increased by 75.5 per cent in 2014-15 and during April-September 2015 imports increased 42 per cent.
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Assured coal supply for stuck power plants
The order refers to the plants which are part of the tranche of projects totalling capacity of 78,000 Mw for which a presidential directive was issued in 2013.The central government will bail out close to 21,400 Mw of power plants by assuring coal linkage through new fuel supply agreements (FSAs).
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CIL, SCCL earn Rs.30,000 cr
The state-owned CIL and Singareni Collieries Company (SCCL) have earned incremental revenues of around Rs.30,000 crore through e-auction, Mjunction Services, a JV between Tata Steel and SAIL that pioneers in e-auction services, said.
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Swapping coal linkages
The government has said it will notify the guidelines for swapping of coal linkages. ´The correction of the grade of coal and the permission to swap coal or exchange coal within plants, within the same company or between the companies based on the guidelines, which we will be shortly notified, will help the nation save at least Rs 20,000 crore in power bills,´ Coal and Power Minister Piyush Goyal Said.
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NTPC to Take a Call on Mining Contract
State-run power producer NTPC will reportedly take a call on the appointment of a mine developercum- operator (MDO)
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New Freight policy fails to woo users
Odisha's efforts to rationalise mineral transportation rates may have ended up leaving some industrial units worse off, with more than one of them forced to shut operations.