Page 4 - Coal Mining

India offers policy stability, transparency: FM Nirmala Sitharaman

India offers policy stability, transparency and consultative process of governance to incubate investment, Finance Minister Nirmala Sitharaman said on Thursday as she invited investments in prospecting energy resources in the country. Stressing that there is a need for investments in coal, she said, "We need greater investments also to help in gasification of coal. I invite all of you to energetically participate in the (sixth round of commercial mines) auction processes which have been launched today and keep your options also further extended for greater extraction of minerals in India." During this 'Amrit Kaal', India needs all the basic minerals as the country is in the process of rapid growth, she added. Quoting a Morgan Stanley report, the finance minister said India is the place where investment should be. "This is where action is. We are definitely creating a policy environment through which greater transparency and greater policy stability guides and invites investments. T

Coal India aims to reach close to its production target of 306 MT in H1FY23

State-owned CIL on Wednesday said it will reach close to its production target of 306 million tonnes (MT) in the first half of FY23, provided its mining areas are not extremely affected by heavy rains this month. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output. "At the current pace of production...the company is hopeful of reaching close to the apportioned H1 target of 306 MT," CIL said. Of the total production target of 700 MT for FY23, the output split is around 44 per cent in the first half and 56 per cent in the second half, the company said in a statement. Coal India's production increased by 44.6 million tonnes in just five months and four days of the ongoing fiscal (as of September 4). CIL's progressive production touched 259.6 MT as on 4 September, compared to 215 MT during the same period date last year, the statement said. The public sector unit began to chase the production output with growth rate of 12.4 per cent which, on the back of a stro

NTPC registers growth of 62% in coal output from captive mines in Apr-Aug

NTPC has registered a 62 per cent growth in coal production from its captive mines, the state-run power producer said on Friday. NTPC continues to demonstrate an increasing trend in coal production from its captive mines, a company statement said. The coal production in this fiscal till August 2022, was 7.36 MMT, posting a robust growth of 62 per cent when compared to 4.55 MMT achieved in the same period of the last year, it stated. With meticulous planning, resource mobilization, and regular monitoring, NTPC could achieve substantial growth even during the monsoon period, so far, and is hopeful of maintaining similar growth, it added. The coal dispatch from the NTPC's captive mines has been 7.52 MMT against 5.47 MMT in FY22 for the same period (April to August) registering a growth of 37 per cent. The NTPC has taken various steps to augment the coal production from its coal mines. The engagement of high-capacity dumpers as well as an increase in the existing fleet size of excav

Chhattisgarh: New mines give South Eastern Coalfields a ray of hope

The coalfields are part of Central India Coalfields and the mines are developed and operated by SECL, a Chhattisgarh-based arm of state-run Coal India (CIL)

Coal Secretary stresses on need to increase production of dry-fuel

Jain said NCL is eager to promote sustainable coal mining which is getting reflected in the recent initiatives by the coal miniratna, the coal ministry said in a statement.

Govt to monetise assets worth Rs 75,200 cr in coal mining sector in FY23

According to the National Monetisation Pipeline, 160 coal mining assets with an estimated worth of Rs 28,747 crore have been identified for monetisation during FY22-25.

TMC MLA Saokat Molla skips CBI questioning over coal mining scam

Trinamool Congress MLA Saokat Molla failed to appear before the CBI in connection with an investigation into a coal mining scam, an officer of the agency said

Meghalaya failed to comply with SC, NGT on illegal coal mining: Report

A report submitted by Justice (Retd) BP Katakey revealed the failure of authorities in Meghalaya to comply with directions issued by the Supreme Court and the NGT to check illegal coal mining

Pvt investors, CIL, govt exploring ways to make coal mining more bankable

The challenge for the companies is how to make the banks finance the projects

Centre bets on coal and mineral mining to lead asset monetisation in FY23

FY23 target for Railways slashed 47%, from Rs 57,222 crore projected earlier

NGT fines Singareni Rs 41.21 cr for clearance violation, excess coal mining

The green panel directed the Telangana State Pollution Control Board to identify people whose houses have been damaged due to vibrations caused on account of blasting during the initial stages

ED raids multiple locations across country in illegal mining case probe

The Enforcement Directorate (ED) on Friday conducted raids in over 18 locations in connection with Prevention of Money Laundering case related to illegal mining and misappropriation of MGNREGA funds

India's dependence on coal based power is proving to be very expensive

The situation cries out for more global investment in India to retire coal, buy out existing contracts, compensate affected communities and switch to renewables

CIL's supply to power sector up 16% in Apr; to augment dispatches further

On an average, the PSU supplied 1.66 MT of coal per day to power utilities in April which increased to 1.73 MT during last week

Poland: 10 miners missing at 2nd coal mine after underground tremor

The accident at 3:40 a.m. on Saturday at the Borynia-Zofiowka mine occurred 900 metres underground

Several trapped in an abandoned coal mine in Jharkhand's Dhanbad district

The alleged incident occurred in Chanch Victoria colliery area of Bharat Coking Coal.

Meghalaya HC appoints retired judge as head of panel on coal-related issues

Justice Katakey will also recommend the measures to be immediately taken to comply with the outstanding directions, including the sale of coal now available, under the aegis of Coal India Limited

Coal mining resumes at NEC's Tikak Colliery in Assam's Tinsukia

Mining operations at NEC, a unit of Coal India Limited (CIL), were halted due to environment-related issues in 2020

Coal India subsidiary BCCL's output up by record 61% in February to 3.24 mt

Coal India's subsidiary BCCL has posted a record 61% growth in its production to 3.24 million tonne (mt) in February this year over the corresponding month last fiscal, a company statement said

Coal India fuel supply reaches 575 million tonnes so far this fiscal

State-owned CIL has supplied 575 million tonnes (MT) of coal so far this fiscal, surpassing the total dispatch of dry fuel in 2020-21.