Odisha government said it would not be possible to clear all the applications for renewing mining leases by June 15 in view of the guidelines issued by the Ministry of Environment and Forest (MoEF) on February 1, 2013. Therefore, the state government, at an inter-departmental meeting, decided to request the High Court to give more time for clearing these applications. The state gove
Category: Coal & Mining
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Govt to hire consultant to restructure Coal India
Government is in the process of hiring an external consultant to advise on the restructuring of Coal India (CIL) for a long term sustainability roadmap. The government is learnt to have shortlisted nine consultants for the purpose. Meanwhile, agency reports quoted Coal Minister Prakash Jaiswal as saying that he was not in favour of splitting the state-run CIL. The minister has reportedly said
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Oil ministry to demarcate coal bearing seams
The 15 coal bed methane (CBM) blocks, which are part of the 54 blocks that the government identified for auctioning to state-run and private companies, would be demarcated by the oil ministry and given to the coal ministry. It may be recalled that recently, the coal ministry asked the oil ministry to demarcate the coal bearing areas of these CBM mines, relinquish them and hand them
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GVK gets green nod for its Australia mine project
In western Queensland of Australia, Hyderabad-based GVK Power & Infrastructure has received environmental approval from the Australia's Coordinator-General for its $4.2-billion Kevin's Corner mine project in the Galilee Basin. The Kevin's Corner project, proposes a 30-million tonne per annum (mtpa) underground and open-cut coal mine and other associated infrastructure 65 kilometre north-west of the Alpha township.
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Govt to auction coal blocks
By the end of June 2013, the government plans to conduct its first round of auction of coal blocks to companies belonging to sectors other than power, media reports indicate. It is learnt that the union coal ministry may auction 6-7 coal blocks during the first round and it has approached the Ministry of Environment and Forests seeking a feed
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Coal regulatory bill
The Cabinet Committee on Economic Affairs (CCEA) would decide on clearing the draft coal regulatory authority bill in a month as the bill received the approval of the Group of Ministers (GoM)
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CIL’s net rises
The consolidated net profit of Coal India (CIL) rose 34.9 per cent year-on-year to Rs 5,414 crore during January-March 2013.
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Odisha govt seeks status of end-use plants
The mining department of Odisha government asked the developers of Rampia and Mandakini A coal blocks to submit status of the end-use power plants. The above two blocks are allotted to captive miners who are developing power plants. While Rampia coal block is allotted jointly to Sterlite Energy, GMR Energy, ArcellorMittal India, Lanco Group, Navbharat Power and Relia
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CoP mulls transportation of coal
The Captain of Ports (CoP) of the Goa government is exploring possibilities of initiating coal transportation in order to arrest the decline in its revenue. The revenue earning of CoP declined to 12 crore in 2012 from 40 crore in 2011. Major chunk of its revenue came from barges transporting iron ore. Following the ban on iron ore mining in the state, it has been losing revenue from transportation of
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Govt offered 17 blocks to PSUs
The government offered 17 coal blocks for allocation to government companies and identified six more explored coal blocks to allocate to private sector through competitive bidding. The government said this in its 'Report to the People' released by Prime Minister Manmohan Singh and Congress President Sonia Gandhi on the fourth anniversary of UPA-II