Page 3 - Commercial Coal Mining

40% of India's coal mines on offer find no takers, foreign firms stay away

The world's second largest consumer, importer and producer of coal has offered a range of financial incentives to attract investment and reduce imports

Commercial coal auction: Adani, Hindalco, Essel Mining among bidders

Govt gets 82 bids in technical round for India's first such auction

India invites Australia to participate in commercial coal mining

Union minister Pralhad Joshi on Friday said India has invited Australia to participate in the commercial coal mining and other strategic projects related to mines and minerals. In his meeting with Australian minister for resources Keith Pitt, India's Coal and Mines Minister Joshi deliberated on increasing cooperation in areas of strategic minerals. "Had a virtual meeting with Mr. @keithjpittMP, Minister for Resources, Australia. We discussed enhancing strategic collaboration between organisations of both the countries on coal, critical and strategic minerals and related technologies," Joshi tweeted. "Invited Australia to participate in the ongoing global tender for commercial mining, coal gasification and coal to chemical projects and bring new technologies to these projects," he said in another tweet. Joshi further said that he also held discussions on active cooperation in strategic minerals especially lithium and cobalt for EV mobility. The government has launched the auction .

Land acquisition for commercial mining may come under coal law of 1957

Under Coal Bearing Areas Act, Centre will acquire land and then give it on lease to miners; SBI raises concerns on offtake, demand of coal from commercial mines

E-auction for commercial coal mines likely in October, results in November

The due date for submitting a technical bid is September 29 and e-auction would be conducted during October-November

FDI in commercial mining from border sharing nations needs govt nod: India

It is further clarified that any FDI in the commercial coal mining is subject to applicable laws, including the Press Note 3 of 2020, the statement said.

Energy pricing: Centre may allow Chinese miners to bid in coal auctions

The first of a two-part series analyses how price signals have been planned in coal sector reforms

Commercial coal mine auction during Covid-19 a dampener: Investors

Close to 80 queries have been submitted to the coal ministry on the MSTC e-auction platform

Coal India arm terms workers strike illegal, to deduct 8-days of wages

Coal workers affiliated to five trade unions had gone on strike from July 2-4.

Coal production nil in most mines during 3-day strike: Trade union leader

A coal ministry official said that on Friday CIL produced 5.55 lakh tonnes of coal Friday, which is 42.7 per cent of the 10 days average production (from June 22 to July 1) of 12.969 lakh tonne

Coal workers' strike: Trade unions to decide on future course of action

Tapan Sen, general secretary of the Centre of Indian Trade Unions (CITU), said that in comparison to the previous two days, more workers have joined the strike on Saturday

Countries burning fossil fuel can't give sermons on climate change: Joshi

Pralhad Joshi says he will replace mines from the auction if chief ministers object but they should understand this will change the economic situation in states.

Commercial mining to free coal sector from decades of lockdown: PM Modi

Says was excluded from competition, there was a big problem of transparency; wants India to aim at becoming world's largest coal exporter

Auction for commercial coal mining begins with investor-friendly rules

There is effectively no strict eligibility criterion for participating in the auction. The companies/joint ventures should be registered in India.

'Atmanirbharata' in coal sector: PM to address mining auction launch event

President, FICCI, Dr Sangeetha Reddy, Chairman Vedanta Group Anil Agarwal and Tata Sons Chairman N Chandrasekharan will also speak during the event

Coal India output falls 11% to 41 MT in May, coal offtake up at 39.95 MT

Coal India accounts for over 80 per cent of domestic fuel output

CIL's coal quota under e-auction for non-power sector up 3-folds in Apr

The scheme was launched in 2015-16 to make coal available to non-power consumers, including captive power plants

Govt may launch coal blocks auction under commercial mining on Jun 11

The government last week approved a methodology for commercial mining of coal on revenue sharing basis

Cabinet likely to discuss proposals under Atma Nirbhar Bharat on Wednesday

These could include the much-talked-about proposal allowing commercial coal mining and may also include an ordinance on freeing up inter-state trade in agricultural commodities.

Cabinet approves new methodology for awarding commercial coal mines

Auctioned mines will now entail reduced upfront payment; coal ministry has also introduced incentive for early production