n order to boost domestic coal output and reduce imports of the fuel, Coal India (CIL) plans to award mining contracts to private mining firms on public-private partnership (PPP) model. Reports suggest that global miners like Rio Tinto, BHP Billiton may partner
Tag: Coal India
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CIL plans turnkey contracts
In 2013-14, Coal India (CIL) plans to award two-three large turnkey contracts to private players for extracting coal, removing over burden and supply the coal till the loading point. S Narsing Rao, chairman CIL informed that under these contracts the
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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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Will privatisation work?
Lack of institutional capacity for developing coal blocks, limited availability of sound contract miners, and procedural challenges faced by the captive coal block owners are major issues haunting the coal mining in India. Dealing with these challenges is important for improving sector supplies, rather than privatisation, writes Dilip Kumar Jena.
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CIL's coal production
Coal India (CIL) said out of the 119 mines allocated to it, the firm expects to begin production from three mines during the 12th Five Year Plan. During the 13th Plan period (2017-21), the company plans to begin production from 14 blocks. The letter also shows that in case of 11 coal mines the exploration has been completed.
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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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Contract opportunities in mining sector
As the size of the economy grows, so does the demand for mineral resources like iron ore, coal, manganese, copper. India produces around 89 minerals out of which four are mineral fuels, 11 are metallic, 52 are non-metallic and 22 are minor minerals. In order to boost mining output, the central government revised the National Mineral Policy in 1994 and allowed private domestic and foreign investors to explore and exploit iron ore copper, zinc,
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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).
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CIL Price Pooling
Following the rejection of the model proposed by Central Electricity Authority (CEA) for price pooling of imported coal, Coal India (CIL) is in the process of preparing a new model. Reports suggest that the company would fine tune the model proposed by CEA to include all possible scenarios.