Industry analysts share their views on the bills that are pending in the Parliament and how they will impact once they take the shape of a law. The Coal Regulatory Authority of India Bill (CRAI) is a much needed piece of legislation.
Category: Coal & Mining
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Waiting in the wings
There is a perennial need for regulatory and institutional changes to keep in step with the social and infrastructural development. It often seems that the law is playing catch up with situations that evolve and many a times it is possible to trace in new or amended legislation the exact gap or mischief it is trying to plug.
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CIL’s April production at 37.5 mt
Coal India Ltd (CIL) produced 37.5 million tonne of coal in April, as against the target of 37.6 mt. The company's offtake was 40.54 mt during the month, against a target of 45.17 mt.
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European coal price drops
European physical coal prices fell on weak demand and oversupply. Traders said that the lower prices were a result of oversupply combining with weak demand
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Coking coal import up 18 per cent in FY14
Indian steel producers imported 33.1 million tonne (mt) of coking coal in 2013-14, an increase of 18 per cent over the previous comparable period, taking advantage of a price slump, said traders and analysts.
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Government evaluating site in Bihar for UMPP
The power ministry is evaluating a site in Bihar for setting up a 4,000 MW ultra mega power project (UMPP) and has approached the Coal Ministry for allocation of a nearest coal block for the thermal plant.
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Thermal coal cargo throughput at major ports up
The country's major ports saw 22 per cent jump in imported thermal coal cargo at 71.60 million tonne (mt) in 2013. Handling of coking coal, which is used mainly for steel-making, witnessed an 18.26 per cent increase
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Coal ministry amends bidding document on 3 blocks
The Coal Ministry has made amendments in certain clauses of the bidding document pertaining to the three coal blocks put for auction. The development follows the bidders raising concerns on various issues with regard to the mines put up for sale.
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Coal ministry imposes fine on Abhijeet Group
Abhijeet Group has been penalised by the Ministry of Coal for delay in coal production. The fine imposed is not much and it hurts the company's prestige more than the finances.
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Supreme Court allows iron ore mining in Goa
The Supreme Court allowed mining to resume in Goa, subject to an annual cap of 20 million tonne from leases other than dumps, lifting a ban that it imposed in 2012 but disallowing all so-called deemed lease holders from continuing with the activity.