Reports suggest that government may authorise the proposed coal regulator to decide the methodology to fix prices of the fuel to check abuse of monopoly by any coal producer.
The issue would be considered while finalising the Coal Regulatory Authority Bill. The Coal Ministry wants coal producers to be allowed to determine the price of the commodity, although it wants the pricing methodology to be decided by the regulator.
The ministry, meanwhile, rolled back a crucial proposal to give power of
Category: Coal & Mining
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Proposed regulator may decide pricing methodology
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Proposed regulator may decide pricing methodology
Reports suggest that government may authorise the proposed coal regulator to decide the methodology to fix prices of the fuel to check abuse of monopoly by any coal producer.
The issue would be considered while finalising the Coal Regulatory Authority Bill. The Coal Ministry wants coal producers to be allowed to determine the price of the commodity, although it wants the pricing methodology to be decided by the regulator.
The ministry, meanwhile, rolled back a crucial proposal to give power of
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Excluding CBM blocks from CAG audit
An expert panel noted that the Coal Bed Methane (CBM) blocks of Reliance Industries (RIL) do not have elements of cost recovery and so CAG audit “may not be required.
This was said by the committee headed by Chairman of Prime MinisterÂ’s Economic Advisory Council, C Rangarajan, in its latest report on petroleum pricing and contracts. It may be noted that the CBM blocks were bid out based on the share of production a company offered from first day of production. The firm bidding the highest, got
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Excluding CBM blocks from CAG audit
An expert panel noted that the Coal Bed Methane (CBM) blocks of Reliance Industries (RIL) do not have elements of cost recovery and so CAG audit “may not be required.
This was said by the committee headed by Chairman of Prime MinisterÂ’s Economic Advisory Council, C Rangarajan, in its latest report on petroleum pricing and contracts. It may be noted that the CBM blocks were bid out based on the share of production a company offered from first day of production. The firm bidding the highest, got
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Contractual opportunities in iron ore segment
The increasing capacity of steel production in the country coupled with ban on illegal mining in some of the states have caused shortage of iron ore in the country. In this backdrop, several companies are looking to hire contractors for activities related to mining and supply of iron ore.
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RBI allows loan recast for mining firms
Agency reports suggest that Reserve Bank of India (RBI) said it does not have any objection for banks restructuring the loan of the mining industry in Goa if they are based on the prescribed guidelines.Ban on mining in the state affected around 22,000 trucks and 400-odd ships in the state transporting ore from different parts of Goa to
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Bauxite shortage to halt operation in Lanjigarh refinery
Media reports quoted a top executive of Vedanta Aluminium (VAL) as saying that the company is forced to shut down its one-million-tonne (mn t) alumina refinery in Odisha because of shortage of bauxite. The company had issued a three-month advance notice in September to close the refinery, as it had no bauxite stock to run the plant beyond the deadline. Meanwhile, the state steel & mines Minister Rajani Kant Singh
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Bauxite shortage to halt operation in Lanjigarh refinery
Media reports quoted a top executive of Vedanta Aluminium (VAL) as saying that the company is forced to shut down its one-million-tonne (mn t) alumina refinery in Odisha because of shortage of bauxite. The company had issued a three-month advance notice in September to close the refinery, as it had no bauxite stock to run the plant beyond the deadline. Meanwhile, the state steel & mines Minister Rajani Kant Singh
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CIL not to sign MoU
The board of Coal India (CIL) decided not to sign any more Memorandum of Understanding (MoU) for supply of coal to power firms after December. As of now, CIL is said to be supplying about 49 million tonne of coal through MoU route and this is said to be one of the reasons why power utilities are hesitant to sign fuel supply agreements (FSA).
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CIL not to sign MoU
The board of Coal India (CIL) decided not to sign any more Memorandum of Understanding (MoU) for supply of coal to power firms after December. As of now, CIL is said to be supplying about 49 million tonne of coal through MoU route and this is said to be one of the reasons why power utilities are hesitant to sign fuel supply agreements (FSA).