The Centre will need to have a proper contract model in place before it starts auctioning commercial coal mines, the coal ministry officials indicate.
Category: Coal & Mining
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A Versatile Genius
Sanjay Aggarwal, Managing Director, Fortum India, has assumed the responsibility of initiating and developing a future growth platform for Fortum in India.
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OPGC to select MDO for coal mines
After winning back the Manoharpur and dip side of Manoharpur blocks, Odisha Power Generation Corporation (OPGC)
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Rs.2,000 crore from lease renewals
The Odisha government has inked supplementary lease deeds to facilitate reopening of 10 iron and manganese ore mines in Sundargarh district.
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Jharkhand govt signs MoU for coal evacuation project
The Union Ministries of Coal and Railways have signed an MoU with the Jharkhand government to form a three-way joint venture for coal evacuation logistics
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Coal auction for commercial mining likely this fiscal
The government said it is likely to auction coal blocks for commercial mining this financial year and is working out details for the same.
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NMDC posts net of Rs.1,347 cr in Q4
NMDC Ltd has posted a net profit of Rs 1,347 crore for Q4 ended March 31, against Rs 1,962.1 crore for Q4 last year.
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We will reach the target of 1 billion tonne per annum by 2020
It will be a game changer in the sense of providing a platform for transparent auctions of coal blocks. These blocks were earlier allocated in such a manner that the Supreme Court and other agencies had concerns over its allocations, leading to its cancellation.
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Rise in Chidambaranar port´s cargo
The VO Chidambaranar port in Tuticorin has achieved an all-time record cargo traffic of 32.41 million tonnes during 2014-15, an increase of 13.17 per cent over last year.
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India to surpass China in thermal coal imports
India is set to overtake China as the biggest importer of power-station coal, emerging as the leader of a clutch of regional nations that miners including Glencore Plc and BHP Billiton Ltd can tap for new orders.