Page 5 - Coal Mining
States get Rs 7,930-cr royalty from coal mining in Apr-Dec 2020
A total royalty of Rs 7,930.61 crore was provided to states from coal mining during April-December 2020, Parliament was on Monday informed. A royalty of Rs 2,102.01 crore went to Jharkhand, followed by Rs 1,575.73 crore to Chhattisgarh, Rs 1,489.44 crore to Madhya Pradesh, and Rs 1,165.48 crore to Odisha, Coal Minister Pralhad Joshi said in a written reply to a question in the Rajya Sabha. A total royalty of Rs 12,962.92 crore was paid to states during 2019-20, Rs 14,746.11 crore during 2018-19, Rs 13,126.03 crore during 2017-18, Rs 11,227.14 crore during 2016-17, and Rs 10,736.7 crore during 2015-16, the minister said. The 10 states that were provided royalty are Chhattisgarh, Jharkhand, Odisha, Madhya Pradesh, Maharashtra, Telangana, West Bengal, Assam, Uttar Pradesh and Meghalaya. Royalty is a right to receive payment based on a percentage of the minerals or other products produced at a mine or of the revenues or profits generated from the sale of those minerals or other product
 "States get Rs 7,930-cr royalty from coal mining in Apr-Dec 2020")
Adani Power takes one of three mines on Day-1 of commercial coal auction
Firm quoted 9.5% premium on reserve price of Gondkhari coal mine in Maharashtra
 "Adani Power takes one of three mines on Day-1 of commercial coal auction")
Coal India to close down 23 unviable mines, to help save around Rs 500 cr
Coal India Limited has decided to close down 23 unviable mines and it would help save the company around Rs 500 crore considering all costs, officials said on Tuesday.
 "Coal India to close down 23 unviable mines, to help save around Rs 500 cr")
World's coal producers now planning more than 400 new mines: Research
The world's coal producers are currently planning as many as 432 new mine projects with 2.28 billion tonnes of annual output capacity putting targets for slowing global climate change at risk.
 "World's coal producers now planning more than 400 new mines: Research")
21 miners trapped and 8 rescued in China coal mine mishap: Report
The mine in Hutubi County in the Xinjiang region flooded at about 6:10 pm on Saturday, the Xinhua News Agency said. It said eight people were rescued
 "21 miners trapped and 8 rescued in China coal mine mishap: Report")
Decoded: Why the industry is unhappy with amendments to mining law
The latest amendments come with the Bharatiya Janata Party-led central government opening up key sectors for greater private investment
 "Decoded: Why the industry is unhappy with amendments to mining law")
5 miners, 2 rescuers killed in coal mining disaster in Balochistan's Harnai
At least five coal miners and two rescuers died due to suffocation after a methane gas fire broke out in the southwestern Pakistani province of Balochistan
 "5 miners, 2 rescuers killed in coal mining disaster in Balochistan's Harnai")
Coal India approves 32 mining projects worth Rs 47,000 cr this fiscal
24 are expansion projects, eight are greenfield; combined incremental peak capacity is projected at 193 MTPA
 "Coal India approves 32 mining projects worth Rs 47,000 cr this fiscal")
Next round of coal auction to have only small and medium-sized mines
The mines won't have legacy or legal issues as the Centre is trying to make the process as seamless as possible
Next tranche of commercial mining auction to be launched this month
Further rounds will continue thereafter: Coal minister
 "Next tranche of commercial mining auction to be launched this month")
Coal mining opens doors to pvt players; power distribution fails to reform
The Centre amended the Coal Mines (Special Provisions) Act, 2015, in May to open up auction for non-mining firms; micro, small, and medium enterprises; and foreign companies
 "Coal mining opens doors to pvt players; power distribution fails to reform")
India sees consecutive year-on-year decline in coal funding: Report
The report finds a 126 per cent drop in funding from the commercial banks to coal compared to 2018
Best of BS Opinion: Beyond a seat at UN high table, mining watchdog & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Beyond a seat at UN high table, mining watchdog & more")
CIL issues tenders worth Rs 12,500 cr for transporting 406 mn tonnes coal
Each of the mining projects have production capacity of 4 MTPA and above. The expenditure would be met out of the company's capex
 "CIL issues tenders worth Rs 12,500 cr for transporting 406 mn tonnes coal")
Tweak in policy helps attract 'realistic' bids for coal blocks: Experts
Revenue-sharing model drove interest among larger firms, say experts
Gauhati HC defers hearing in coal mining inside Dehing Patkai till Feb 2021
The Gauhati HC said it will wait for the outcome of the enquiry by Assam government before proceeding in the case related to Coal India's mining inside Dehing Patkai, the largest rainforest.
 "Gauhati HC defers hearing in coal mining inside Dehing Patkai till Feb 2021")
India may close some of its coal plants as focus shifts to climate change
Efforts in India to close old coal plants have gathered pace amid rising outcry against air pollution and deepening concerns over climate change
 "India may close some of its coal plants as focus shifts to climate change")
No govt has the right to mine coal in eco-sensitive zones, observes SC
The remark was made by the top court which was hearing Jharkhand government's pleas challenging the Centre's decision to auction coal blocks for commercial mining
 "No govt has the right to mine coal in eco-sensitive zones, observes SC")
Commercial coal auction: Adani, Hindalco, Essel Mining among bidders
Govt gets 82 bids in technical round for India's first such auction
 "Commercial coal auction: Adani, Hindalco, Essel Mining among bidders")
CIL finalises Rs 5,900 cr heavy machinery contracts to bolster production
Early this year, the company had said it was looking at spending around Rs 7,000 crore on heavy equipment to bolster production