On Novemebr 3, Union Finance Minister Nirmala Sitharaman launched the biggest ever coal mine auction of 141 mines in India
Finance Minister Nirmala Sitharaman will launch the sixth round of commercial coal mines auction on Thursday. Sitharaman will be the chief guest at the launch event to be held in the national capital. The coal mines to be auctioned are fully-explored and partially-explored coking and non-coking mines, the coal ministry said in a statement. Coal minister Pralhad Joshi and Minister of State for coal, mines and railways Raosaheb Patil Danve will be the guests of honour for the event. "Details of the mines, auction terms, timelines etc. can be accessed on MSTC auction platform," the coal ministry said in a statement. The auction will be held in online mode through a transparent two-stage process, on the basis of percentage revenue share. The coal ministry has so far auctioned 64 mines under commercial coal mines auction, which was launched in 2020.
Vedanta Ltd on Wednesday said that its arm Balco has won the bid for a coal block in Chhattisgarh. The company emerged as successful bidder for the mine during the fourth round of commercial coal mine auction conducted by the government. "The coal block is an optimal fit for Balco, given its logistical location," Vedanta said in a filing to BSE. Once operational, the mine will provide fuel security, enhance power availability, and further strengthen Balco's operations and performance. The block has estimated reserves of 900 million tonnes. Balco was incorporated in 1965 as the first public sector undertaking in the country. In 2001 the Centre disinvested 51 per cent shares of Bharat Aluminium Company Ltd (BALCO) to Sterlite Industries Limited, a subsidiary of Vedanta Limited. The remaining 49 per cent is with the Centre.
An explosion inside a coal mine in northern Turkey killed at least 22 people, Turkey's health minister announced, while rescuers were trying to bring dozens of others trapped inside the mine to the surface. The explosion occurred 6:45 pm on Friday at the state-owned TTK Amasra Muessese Mudurlugu mine in the town of Amasra in the Black Sea coastal province of Bartin. Energy Minister Fatih Donmez said a preliminary assessment indicated the explosion was likely caused by firedamp a reference to flammable gases found in coal mines. There were 110 people in the mine at the time of the explosion, Interior Minister Suleyman Soylu, who travelled to Amasra to coordinate the rescue operation, told reporters. Most of the workers were able to evacuate following the blast, but 49 were trapped in a higher risk area of the facility, the minister said. Soylu would not provide a number for those still trapped, saying some among the 49 had been lifted to safety. Health Minister Fahrettin Koca ...
Vedanta Ltd has emerged as the highest bidder for two coal mines in Odisha on the second day of commercial coal mines auction. The government put on sale 10 coal mines under the commercial coal mine auction on Tuesday and Wednesday. "On the 2nd day of the e-auction today , two coal mines were put up for auction of which both coal mines were MMDR coal mines," the coal ministry said in a statement. The blocks were auctioned under the second attempt of the fourth round of commercial coal mine auction. Both the coal mines are fully explored and have Peak Rate Capacity (PRC) of 20 million tonnes per annum. Jaiprakash Power Ventures had emerged as the highest bidder for a coal block in Madhya Pradesh on the first day of the auction of blocks on Tuesday. While Madhya Bharat Minerals had emerged as the highest bidder for a coal mine in Chhattisgarh, Avassa Ferro Alloys bid the highest for a mine in Maharashtra. Gangaramchak Mining was the highest bidder for a mine in Jharkhand whi
With regards to commercial mining, coal minister Pralhad Joshi said 43 mines have been awarded during the last two years and that they will generate employment for nearly 32,000 people
Chennai-based India Cements has said that it has already imported two shipments of Russian coal due to shortage of domestic supply
After long power outages owing to coal shortages over two years, the government and its principal producer have drawn up an integrated plan to preclude the annual seasonal supply dislocations
CIL has called for bids to supply 2.4 mt of coal to be delivered for the July to September 2022 period
The government on Tuesday launched the Project Information and Management (PIM) module of the Single Window Clearance System, a platform to seek various clearances to operationalise coal mines. The development assumes significance in the wake of the government making efforts to secure domestic fuel supplies amid fear of shortage during monsoon. "The Ministry of Coal has launched Project Information & Management Module of Single Window Clearance System (SWCS) here today," according to an official statement. The PIM module of SWCS will facilitate project proponents as well as ministry and state officials in monitoring and expeditious implementation of coal mines. While launching the new IT-enabled facility, Coal Secretary Anil Kumar Jain said it is an innovative endeavour of the government to create a platform to obtain various clearances for operationalisation of coal mines. He called upon officials to organise interactive sessions in order to make the new facility familiar to all
Output from the new Siarmal mine in eastern Odisha state would rise gradually, reaching capacity of 50 million tonnes in about 5 to 7 years, Vinayak Jamwal, Mahanadi Coalfields spokesman said
Over 500 workers at a coal mine in Mozambique owned by a subsidiary of an Indian company have been on strike for a week, the company said in a statement
A resurgence in India's hunger for coal could mean peak consumption is years away
The alleged incident occurred in Chanch Victoria colliery area of Bharat Coking Coal.
The Ministry of Coal on Wednesday said it has put on auction 122 coal and lignite mines under the commercial auction process. Addressing the fifth tranche of auction launch, Union Minister of Coal, Mines and Parliamentary Affairs Pralhad Joshi said 42 coal mines have already been auctioned successfully so far. In a statement, the ministry said it "has placed on offer 122 coal/lignite mines today under commercial auction of coal mines, including 18 new coal mines." Sharing the details of mines under different tranches for auction, it said there are 109 coal mines under 15th Tranche of Coal Mines (Special Provisions) Act, 2015 and 5th Tranche of Mines and Minerals (Development & Regulation) Act, 1957. Of the 109 mines on offer, 59 are fully explored mines and 50 are partially explored mines. Four coal mines are under second attempt of 14th Tranche of Coal Mines (Special Provisions) Act, 2015 and Second Attempt of 4th Tranche of Mines and Minerals (Development & ...
Jharkhand Chief Minister Hemant Soren has warned the coal companies of putting barricades around coal mines if due payment of worth Rs 1.36 lakh crore is not cleared to the state by Central PSUs."We have demanded payment of Rs 1.36 lakh crore (dues) to the state from the coal companies, and we will take it, this is State's right otherwise we will put barricades around coal mineral resources," the Chief Minister said in his speech in the Legislative Assembly on Friday.Soren had raised the issue of non-payment of dues by coal companies to the Centre in a letter to Union Coal and Mines Minister Pralhad Joshi dated March 2, 2022."Inspite of repeated consultations held with @CoalMinistry & @NITIAayogregarding non payment of long standing legitimate dues of Rs 1.36 lakh crores related to mining done by Central PSUs, Govt of India has paid no heed so far. I have written to @JoshiPralhad ji in this regard", tweeted Soren on Saturday.Noting that Jharkhand is a mineral-rich state and that
The Railways ministry mapping 48 mines, 29 ports across 52 districts
Fourteen workers who were trapped when a coal mine in southwest China collapsed 10 days ago had died, media reported
India is considering partnering with private companies to operate mines which have been previously shut or production discontinued by state-run Coal India Ltd
Technological advancements in coal mining are also making operations more productive.