The government is set to undertake the restructuring of Coal India (CIL), by creating multiple mega coal companies in line with the recommendations of a government-commissioned study by global consulting firm Deloitte.
Category: Coal & Mining
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Coal imports set to rise by 20%
According to ICRA estimates, India´s coal import is set to go up significantly in the next financial year.
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Parsons Brinckerhoff to review Adani´s coal project
Adani Enterprises has appointed Parsons Brinckerhoff as consultants to manage contract reviews for its A$7 billion ($6.2 billion) coal mine, rail and port project as it looks to start production by the end of 2017.
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Govt for e-auction of coal blocks
The government has cleared an ordinance for e-auctioning of coal blocks that enables commercial mining by private companies in future.
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Spectrum model e-auction
The government is likely to issue at least a dozen sets of rules before starting the e-auction of coal blocks.
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Morgan Stanley to help Adani
Adani Group has appointed Morgan Stanley to advise on the possible sale of a stake in its Abbot Point coal port in Australia, as it looks to raise funds to help finance a A$7 billion ($6.2 billion) mine, rail and port project.
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Vedanta to restart mining in Goa
Vedanta Resources expects to resume iron ore mining in Goa early next year. According to Tom Albanese, CEO, Vedanta Resources
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Coal imports to jump 65MT
The annual coal imports of the country could jump by about one-third to more than 200 million tonne (MT)
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Biggest underground mine to open
India´s second-largest coal producer Singareni Collieries will open the country´s biggest underground mine this month with a capacity of 2.8 million tonne per year, which should help the firm edge past its output target for this fiscal year.
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NTPC to pick stake in overseas coal mines
NTPC is scouting for coal assets overseas and has invited proposals form coal miners interested in offloading stake. The move is aimed at ensuring a steady supply of imported coal which the power producer needs for its plants.