Global coal prices and demand have fallen, as coal is being replaced by other sources of energy. It is replaced by shale gas in the US and is likely to lose out to renewable energy in China. In India, the new government is keen to accelerate mining to unlock indigenous coal reserves of 200 billion metric tonnes.
Tag: Coal
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Coal India CMD quits
S Narsing Rao has stepped down as the Chairman and Managing Director of Coal India to take up a new role as Principal Secretary to K Chandrasekhar Rao, the Chief Minister of India's 29th state Telangana from June 2. Meanwhile, there is no word yet on the successor of Rao in Coal India after his resignation.
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Action plan for CIL
Coal India (CIL) has been asked by the new government to prepare an action plan for enhancing output over the next five years and fast-track the completion of projects and expansion of existing coal mines. The government has also asked CIL to adopt an action plan for technology development and modernisation of mines.
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Dighi Port to handle ethylene
Dighi Port is in discussions with IPCL to handle ethylene shipment, which is being currently managed from the JNPT near Mumbai. As of now, the port has one operational berth with a keel-length of 650 m that can accommodate three large ships, including the Panamax types, at a time.
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Pending Bills: Still bill
All hopes are set on the new government that will drive the country's growth in the coming times. While a number of policies and bills were passed towards the end of the last government's term, there are still a number of pending bills that are important for the people,
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Pending bills that matter
Industry analysts share their views on the bills that are pending in the Parliament and how they will impact once they take the shape of a law. The Coal Regulatory Authority of India Bill (CRAI) is a much needed piece of legislation.
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Waiting in the wings
There is a perennial need for regulatory and institutional changes to keep in step with the social and infrastructural development. It often seems that the law is playing catch up with situations that evolve and many a times it is possible to trace in new or amended legislation the exact gap or mischief it is trying to plug.
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CIL’s April production at 37.5 mt
Coal India Ltd (CIL) produced 37.5 million tonne of coal in April, as against the target of 37.6 mt. The company's offtake was 40.54 mt during the month, against a target of 45.17 mt.
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MoEF defers decision regarding Rajgammar UG coal block
The environment ministry has deferred a decision on granting clearance to underground coal mining project of Monnet Ispat & Energy Ltd in the state of Chhattisgarh. The said company is seeking environment clearance for Rajgammar underground coal mine project located in Korba district of Chhattisgarh.
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Transparent moves
In a bid to try and get to the root cause of the delays that were stalling the implementation of projects in the country, the Project Monitoring Group (PMG) under its Chairman Anil Swarup has initiated a process to digitise the whole procedure through which clearances happen. "Our job at the PMG will get reduced as then we will know why the delays are happening and the clogging will not happen.