The government has put 90 of Coal India's (CIL) nearly 150 greenfield and brownfield mining projects on the fast track, entailing an investment of around Rs 88,000 crore, in a bid to augment domestic coal supply quickly and ensure uninterrupted power.
Category: Coal & Mining
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Restructuring of CIL
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.
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Coal imports set to rise by 20%
According to ICRA estimates, IndiaĂ´s coal import is set to go up significantly in the next financial year.
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Parsons Brinckerhoff to review AdaniĂ´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
IndiaĂ´s second-largest coal producer Singareni Collieries will open the countryĂ´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.