The government mopped up Rs 8,964.75 crore till last month from the auctioned and allotted mines, according to the coal ministry. These revenue figures consist of upfront amount and monthly premium only, while royalty and taxes or cess are payable over and above these payments, the coal ministry said in its E-Booklet on reforms. Apart […]
Category: Coal
Coal
Covid impact: Coal India to diversify into non-coal mining areas in 2021
State-owned Coal India Ltd (CIL) is set to diversify into non-coal mining areas as well as make major investments in clean technology in 2021 after demand for the dry fuel remained muted for most of this year amid the coronavirus pandemic impacting economic activities. Against all odds, including the slump in coal demand, the government […]
India to put in place Coal Import Monitoring System from February 1
India will implement a Coal Import Monitoring System (CIMS) from February 1 that would require coal importers to submit advance information in an online system for import and obtain an automatic registration number. “The Coal Import Monitoring System (CIMS) shall require importers to submit advance information in an online system for import of items and […]
Illegal coal mining: CBI raids five locations in Kolkata
The CBI on Tuesday conducted searches at five locations in the city, as part of an ongoing investigation into illegal coal mining, a spokesperson of the agency said on Tuesday. Among the five premises was a residence of a businessman, who is “considered close to Anup Majhi alias Lala” — an accused against whom a […]
When China battles the world’s biggest coal exporter, coal loses
China is forcing Australia to confront what many countries are concluding: The coal era is coming to an end. China has now officially blocked coal imports from Australia after months of vague restrictions that dramatically slowed trade and stranded huge ships at sea. For Australia, the world’s largest coal exporter, the decision is a gut […]
Coal India aims to substitute 80-85 million tonne of imported fuel in FY’21
State-run Coal India is aiming at substituting imported dry fuel of 80-85 million tonne with more domestic supplies in the current fiscal, an official said on Thursday. The miner has asked power plants in the coastal areas to submit proposals for a gradual increase of its supplies to these units to reduce foreign exchange outgo, […]
Jharkhand using environment as ruse to stall coal mine auction: Centre
The Centre on Monday accused Jharkhand government of using the environment as a ruse to attempt stalling auction of 41 coal mines, nine of which are located in the tribal state, for commercial exploitation and assured the Supreme Court that these do not fall in eco-sensitive zones. A bench of Chief Justice S A Bobde […]
Government should not “hoard” mines and create artificial scarcity: Naveen Jindal
Jindal Steel and Power Ltd Chairman Naveen Jindal on Wednesday said the Union government should not “hoard” mines and create artificial scarcity, putting up only a few blocks for auction. He said India being a very competitive market, such scarcity leads to intense bidding and unsustainable valuation. “Government has taken care of a lot of […]
China issues coal buying mandate amid supply shortage, price gains
China’s central state planner issued a mandate to coal buyers on Monday to sign medium and long-term contracts to ensure stable supplies next year, against the backdrop of recent gains in coal prices. The National Development and Reform Commission (NDRC) said coal miners should provide at least 80 per cent of output to medium and […]
Marki-Mangli coal block allottee accused of illegal export
Odisha’s Yazdani International that has bagged the controversial and environmentally sensitive Marki-Mangli coal block in Yavatmal is embroiled in other mining related cases too. The coal block lies in the middle of a forest and is part of the tiger corridor. Environment activists have raised concern over mining in the area. Report submitted by a […]
Coal India output rises 3.4 pc to 52 MT in Nov
State-owned Coal India on Tuesday reported a 3.4 per cent rise in production at 51.7 million tonnes (MT) in November. The company had posted an output of 50 MT in the corresponding month of the previous fiscal, Coal India (CIL) said in a filing to BSE. Production during April-November 2020 increased to 334.5 MT, over […]
Coal imports to increase in third quarter this fiscal: India Ratings
India’s coal demand will continue to improve year-on-year (yoy) as the end-user industrial activities gradually gain pace with unlocking and inventory levels at power stations being normalized, according to India Ratings (Ind-Ra), a research agency. The company said in its monthly report on India’s coal sector that coal offtake continued to recover strongly in October […]