Federation of Indian Mineral Industries (FIMI) is an all-India federation registered under the Companies Act, 1956 to promote the interests of mining, mineral processing, metal making and other mineral-based industries
Tag: CIL
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Australian miner NRW may invest in India
Australia's leading construction and mining services firm NRW has reportedly expressed interest to form a joint venture with another India-focused Australian miner, India Resources (IRL) to invest in the mining sector in India. NRW proposes to form a joint venture with IRL with a long-term view on the Indian mining sector, which has got
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Coal India’s cost to rise owing to diesel price hike
Minister of State of Coal Pratik Prakash Bapu Patil informed Rajya Sabha that the rise in petrol and diesel prices will impact the cost of coal production in the country. The rise in diesel price would increase the cost of production of Coal India (CIL), which accounts for over 80 per cent of the domestic coal mining, by Rs 600 crore per annu
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Experts suggest govt to amend Coal Mines Act
Experts suggest the government to make amendments in the Coal Mines (Nationalisation) Act in order to allow coal miners to supply surplus coal in the market instead of selling it to Coal India (CIL).
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Govt may form task force to draft policy on underground mining
Public sector miner like Coal India (CIL) and other companies have urged government to draft a policy for the development of underground coal mines in the country. Following this, the union coal ministry has reportedly proposed to set up a task force to map out a strat
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Coal ministry justifies allocation of blocks to captive miners
Union coal ministry justified the allocation of coal blocks to private captive coal miners on grounds that Coal India and other public sector agencies could not meet the demands from private power generators. Therefore, the government had no alternative but to allot captive coal blocks "if it wanted to ensure spee
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Rs 497 bn for rural electrifi cation
Union Power Secretary P Uma Shankar informed that the Centre sanctioned budgetary support of around Rs 49,730 crore for the power ministryĆās fl agship rural electrifi cation pro gramme called Rajiv Gandhi Grameen Vidyutikaran Yojana during the 12th Plan. The ministry also harnessed Information Technology for ensuring quality power supply to different parts of the country, he said.
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CIL arm calls for new pricing regime
Coal India (CIL) subsidiary Western Coalfields argues that its proposed 25 new projects with a capital investment of about Rs 4,000 crore would not be viable unles
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Growth or admin?
Did his experience in quelling union strikes land him the top job that some call plum, others unenviable? Narsing Rao, who will be assuming charge as the new chairman of Coal India Limited (CIL) by the end of this month, has successfully brought down the number of worker strikes during his period at Singareni, where 70,000 workers operate the mines.
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CIL supplies more coal to power sector
In the last few months, the supply of coal to power sector has been rising, claims Coal India (CIL). It says the perceĆĀntage materialisation of coal supply to the power stations against the commitment as per fuel supply agreements or memorandum of understandings in the months of October, November and December (up to 20) have been 88 percent, 96 percent and 103 percent, respectively.