The government would table the first report of the Justice MB Shah Commission on the alleged illegal mining activity in Odisha in Parliament soon. Recently, the panel submitted the 1,500 page-long first report to the Union mines ministry. Although the report is not in public domain, it is felt that
the report may contain preliminary observations, suggestion and overall findings besides conclusions on illega
Category: Coal & Mining
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Govt to table 1st report of panel in Parliament
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Govt idenfies 8 lignite blocks for auction via competitive bidding
Under Competitive Bidding of Coal Mine Rules, 2012, the central government would auction eight lignite blocks, five of them in Gujarat and three in Rajasthan. However, the government has not announced when these blocks would be put on auction. The estimated reserves in these blocks are not known immediately as they are not completely explored. On June
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Draft report calls for hiking royalty on ore
In its second draft report, a mines ministry-appointed study group suggested hiking royalty on iron ore to 15 percent from the present 10 percent. The proposal was made based on views taken by the group from various stakeholders including state and centre governments, companies belonging to both public and private sectors, reports indicate
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KIOCL wants govt to clear mining lease applications
Malay Chatterjee, Chairman and Managing Director of KIOCL informed media persons that the Karnataka government was yet to provide clearance for the firm's over 20 applications for mining lease. For more than seven years, the Karnataka-based central public sector mining firm has been out of job with out any captive mines
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Govt to set up coal regulatory authority fund
The central government would set up a fund called ‘The Coal Regulatory Authority Fund” to credit all grants, fee and charges received by the authority. After passing of the Coal Regulatory Authority Bill, 2013, details would be worked out and submitted to the government for appropriate financial sanction for the initial start-up funding, a government press release said. The government said this in a press release after the cabinet cleared the proposal for setting up of an independent regulatory
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Govt may not wait for Parliament nod for bill
The government has decided not to wait for the passage of the Coal Regulatory Bill in Parliament during the Monsoon session and instead go ahead with notifying setting up of the Coal Regulatory Authority (CRA) through an executive order, reports indicate. Some reports suggest that the government may resort to the executive order route to adopt the coal regulatory bill, thereby superseding the time-consuming Parl
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Exploring new options
The exploration capacities of PSUs and the state governments are almost utilised. Dilip Kumar Jena and Bhavesh Singhavi recommend why we should study the best practices in Canada and other mining-rich countries while engaging the private sector.
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Needed: Shot in the arm
There was hardly any investment in the mining sector despite the sector was opened up for 100 per cent FDI in February 2000. There is an urgent need to find out ways and means to attract private investment in exploration because government agencies have not been able to find resources
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Modern mining equipment will be a key success factor
Equipment companies would like to see better procurement methodologies which are technology-driven rather than just low capital cost-oriented, Somnath Dutta Majumdar, Business Line Manager-Drilling Solutions, and Anirban Sen, Business Line Manager-Underground Rock Excavation, Atlas Copco
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Only a transparent delivery system can attract FDI
India's resource governance system needs to ensure allocation of iron ore resources to all the steel producers, so that effective value addition can happen within the country and India will be less dependent on import of finished steel,