Year 2013-14 was probably the most chaotic environment for mining sector as the so-called "coalgate" scam continued to haunt the industry and many coal blocks at in a danger of being deallocated. Inordinate delays in clearances further dragged the mining sector backward.
Category: Coal & Mining
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Several mine-owners are not seeking clearance renewals
Much of the iron ore mining output from Karnataka this year depended on completion of R&R activities in the mineral-rich Bellary-Chitradurga-Tumkur belt. After the mining scam,
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Towards more scientific mining processes
Disregard to science and engineering of mining should be a big concern especially when it comes to giving the land back to the environment it came from. Mining companies have a lot to do in ensuring a stable environment,
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Winds of change
This period of lull before the national election is an unfortunate reality that the industry must deal with, with no end in sight to the prevalent cloudiness around the fate and status of the more than 150 post-clearance projects
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We expect a positive trend in mining
Sadbhav has performed exceptionally well in mining sector and performed beyond its set targets so far. We are positively expecting this trend to continue in coming years. I see tremendous potential in the segment
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EC nod to fast-track project execution
The first two weeks of the new year witnessed some positive actions in the infrastructure space. And to everyone's surprise, the Ministry of Environment and Forests (MoEF) has led the way. M Veerappa Moily has swung into action after taking additional charge of MoEF apart from his petroleum and natural gas portfolio.
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Study to restructure CIL
The Union Minister of State for Coal, Pratik Prakash Bapu Patil said that his ministry has proposed to institute a study on restructuring of Coal India (CIL) in line with the recommendations of the TL Shankar Committee on Road Map for Coal Sector reforms. Accordingly, Ministry of Coal had floated an Expression of Interest (EOI) for engaging consultants for restructuring Coal India to strengthen coal development in the country.
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Thermal coal imports via major ports up
The major ports in the country handled around 5.5 million tonne (mt) of imported thermal coal, which is up by 10 per cent on the year, while coking coal imports rose 21 per cent to 3.4 mt, says latest data by Indian ports Association (IPA). The 12 ports handled 47.8 mt of imported thermal coal during April-November, up 35.7 per cent from 35.2 mt from the same period a year ago.
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CIL to earn Rs.2,119 cr more via price revision
On account of revision in dry fuel prices, Coal India (CIL) is likely to get an extra revenue of Rs 2,119 crore in this fiscal. CIL has revised and rationalised the basic notified prices of all the grades of non-coking coal except GI, G2 and G5. The estimated additional revenue due to revision of basic notified price for the current financial year is Rs 2,119 crore.
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One step closer to clean coal
Global energy services solutions provider GSE Systems is currently working on Phase II of a multi-phase project with Babcock and Wilcox Power Generation Group (B and W PGG) to supply an engineering simulator for the first-of-a-kind power plant design, FutureGen 2.0 project. The FutureGen 2.0 will be a near-zero emissions coal-fueled power plant using oxy-combustion technology.FutureGen 2.0, funded by the American Recovery and Reinvestment Act overseen by the US Department of Energy, will retrofi