The Union finance ministry has given an in-principle approval to a new mechanism in which all regulatory clearances are to be obtained by the government before coal blocks are auctioned to state-run or private companies, thus concluding the debate on 'go' and 'no-go' areas for mining of coal.
Category: Coal & Mining
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Infrastructure players need to attain scalability to be accepted by the capital market investor
As one of India's larger infrastructure funds, the company has believed in investing in the high-growth sectors.
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26 per cent profit sharing by coal cos
A 10-member Group of Ministers (GoM) headed by Finance Minister Pranab Mukherjee cleared a proposal in the new mining bill that mandates sharing of 26 per cent profit by coal mining companies with the local population.
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26 per cent profit sharing by coal cos
A 10-member Group of Ministers (GoM) headed by Finance Minister Pranab Mukherjee cleared a proposal in the new mining bill that mandates sharing of 26 per cent profit by coal mining companies with the local population.
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NLC eyes on cancelled NTPC coal blocks
The Union Government received request from Neyveli Lignite (NLC) to allocate three coal blocks that were recently withdrawn from NTPC.
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Land Acquisition Bill: Step to speedier projects
Although not exactly tried and tested, a more definitive Land Acquisition Bill promises to place fewer roadblocks in the way of acquisition, facilitating speedier implementation of infrastructure projects.
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Paradip coal berth project to begin in Sept
The work on coal and iron ore berths at the Paradip port, already delayed by two years, is expected to start in September.
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CIL to invest Rs 300 bn
Coal India (CIL) plans to invest about Rs 30,000 crore to augment its capacity over the next five years and the funds will be spent on new mining projects, washeries, machinery and equipment.
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Coal block bidding
The government expects to introduce competitive bidding for auctioning coal blocks by the end of the financial year.
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The Eighth Commandment
When our November 2010 issue was under construction, the Mining Bill was not exactly the talk of Infrastructure Town, but as we discovered, the divide between the Bill's provisions and industry demands was so sharp that the Bill was in peril of falling into that deep chasm and disappear forever.