State-run miner Coal India Ltd (CIL) today said it managed to save Rs 1,838 crore revenue expenditure, around 3.3 per cent of total capex, in the first nine months (April-December) of the current financial year even as production from opencast mines jumped 16.1 per cent. “This is the sum of the over burden (OB) excavated […]
Category: Coal
Coal
Britain to reconsider controversial coal mine project
British authorities announced Tuesday that they will review plans for a controversial new deep coal mine in northwest England to assess its environmental impact more accurately. The coastal project, whose developer is Australian-owned West Cumbria Mining, would be located near the town of Whitehaven and supply European and UK steelmakers with metallurgical coal. Cumbria County […]
Special investigation team of West Bengal CID to look into coal scam
A Special Investigation Team (SIT) of the West Bengal CID was formed here on Friday to probe into the multi-crore coal scam, a source in the state agency said. A team of the state Criminal Investigation Department (CID) visited a few places in the Asansol-Raniganj coal belt during the day in connection with the probe, […]
EESL signs MoU with Coal India for decarbonization of its facilities
Energy Efficiency Services Limited (EESL), a joint venture of public sector undertakings (PSUs) under the Ministry of Power, has signed a Memorandum of Understanding with Coal India Ltd (CIL) for energy efficiency and resource conservation measures for decarbonization of CIL’s projects and facilities. The pact was signed by Venkatesh Dwivedi, Director (Projects & Business Development), […]
Australia state commission blocks South32 coal mine extension
An Australian planning body on Friday blocked global miner South32 Ltd’s planned coal mine extension in New South Wales state, citing concerns over its potential irreversible impact to Sydney’s water resources. The decision by the New South Wales Independent Planning Commission halts South32’s plans to extend the life of its underground Dendrobium metallurgical coal mine […]
Coking coal price rally to continue while China curbs Australian coal import – Mitsubishi CFO
Japanese trading house Mitsubishi Corp expects the recent rally in coking coal prices to continue as long as China keeps an unusual suspension of customs clearance of coal cargoes from Australia, its chief financial officer said on Wednesday. The company, which is involved in food production and distribution business and development of an industrial park […]
CBI team probing illegal mining visits Asansol-Durgapur belt
A team of Central Bureau of Investigation (CBI) visited the colliery belts of the Asansol-Durgapur region in West Bengal on Tuesday as part of its investigation into the coal mining scam. The CBI team went to the Andal area and visited some open cast mines at Kajora, carrying out a detailed probe into the illegal […]
Coal India production drops 4.1 per cent in Jan
State-owned CIL’s coal production declined by 4.1 per cent to 60.5 million tonne (MT) last month. Coal India (CIL) had produced 63.1 MT of dry-fuel in January last fiscal, the company said in a BSE filing. The company’s output in the April-January period was at 453.3 MT over 451.5MT in the corresponding period of the […]
Consumers pay Rs 25,000 crore price for high coal tax, keeping power out of GST
Petrol and diesel are not the only sources of energy for which consumers are paying through their nose because of high taxes. A myriad of taxes and levies on coal, which accounts for 55% of electricity generation, and non-inclusion of electricity in GST regime is costing power consumers upwards of Rs 25,000 crore a year. […]
Coal secretary directs officials to expedite rehabilitation process
Coal Secretary Anil Jain on Thursday reviewed progress of the rehabilitation project for people living in fire and subsisdence-prone areas in Jharia and directed officials to implement it on a priority basis, a senior mining official said. As per the latest survey, 1.04 lakh families, including 32,000 legal land owners living in 595 fire and […]
CBI’s coal case probe ‘bad in law’: Bengal government to HC
The Bengal government on Wednesday told the Calcutta High Court that the state had withdrawn its “general consent” to CBI in 2018 and hence the ongoing CBI probe in coal smuggling cases were “bad in law”. The state’s submission prompted CBI to say that the Bengal government was keener on quashing criminal proceedings against the […]
Mahanadi Coal Railway scouts for CEO to implement coal evacuation infrastructure projects in Odisha
In a bid to implement coal evacuation infrastructure projects in the state of Odisha, a joint venture of MCL, IRCON and IDCO- Mahanadi Coal Railway Limited is scouting for a chief executive officer. For the implementation of the project, one corridor has been identified initially. The estimated cost of the project is Rs 1,700 crore. […]