The current legislative framework in relation to eligibility with respect to coal mining in India is the Coal Mines (Nationalization) Act, 1973 (ĆĀ“CMN ActĆĀ“). Under the CMN Act, nationalization of coal mines was completed in two phases.
Tag: Coal Mining
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Lanco withdraws from Australia port project
Lanco Infratech Ltd is scaling down its proposed coal mining-cum-infrastructure project in Australia. The proposal for the development of Lanco Resources Australia Pty Ltd's Bunbury Port Berth 14 at the Bunbury Port Inner Harbour was withdrawn.
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Only a transparent delivery system can attract FDI
India's resource governance system needs to ensure allocation of iron ore resources to all the steel producers, so that effective value addition can happen within the country and India will be less dependent on import of finished steel,
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PPP model for coal sector
Government plans to attract private investment in coal mining projects and in this regard an inter-ministerial group would prepare a Public-Private Partnership (PPP) model for the sector.
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Singareni underground mining
Considering that underground coal mining holds long-term potential for coal availability in India, Singareni Collieries plans to invest Rs 2,000 crore
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Singareni underground mining
Considering that underground coal mining holds long-term potential for coal availability in India, Singareni Collieries plans to invest Rs 2,000 crore
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PFC to raise $250 m
Power Finance Corporation (PFC) will raise $250 million through external commercial borrowing (ECB), looking at expanding its portfolio by funding coal mining projects overseas.
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Push comes to shovel
In an environment of slowing economy with threats of a double-dip looming larger than ever, the industry has been hoping for some time for some good news from the government. That wait for mining companies just got longer.
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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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