Category: Coal

NEW DELHI: Hindalco Industries today said it is examining various options for its non-productive assets, including the land located at Kalwa, Thane. This comes amid media reports that Kumar Mangalam Birla is seeking to raise $350 million from the sale of land to help pay for coal mines his group won in recent auctions. “We […]

NEW DELHI: Jindal Steel and Power (JSPL) today said it is studying on the bidding of coal blocks for the next round of auction, which is expected to start in May. The announcement comes a day after the Competition Commission stated that it is looking into the possible cartelisation in the bidding of three coal […]

NEW DELHI: The coal ministry has prescribed tough timelines for the development of the recently auctioned coal mines. Overshooting the deadline may lead to phased deduction of bank guarantee. Companies which bagged coal blocks during the first and second rounds of auction are required to apply for statutory permissions for transfer of the blocks in […]

Melbourne: An Australian conservation group today filed a judicial review application in Queensland Supreme Court challenging billionaire Gina Rinehart and Indian miner GVK over Alpha Coal Mine project jointly owned by them. Coast & Country (C&C) said that it has challenged the 2014 Land Court of Queensland decision on the huge Alpha Coal Project in […]

New Delhi: Just months after a massive Rs 22,600 crore disinvestment, Coal India is back in the reckoning for another stake sale. The Finance Ministry is said to be considering shedding 5% in the public sector giant in 2015-16, Business Standard has learnt. The move will bring down the centre’s stake to 75%, as mandated […]

KOLKATA: Coal India Ltd is betting big on coal auctions, while it looks to sell about 55 million tonnes (mt) of the dry fuel through this route in the current fiscal year. For the state-run miner, auctions fetch the highest price among all sales channels and account for a sizeable chunk of profit. With coal […]

New Delhi: State-run NTPC is looking at bringing its coal import bill to ‘zero’ in the next five years and will rely on the fossil fuel made available by Coal India and the company’s own mines. The power major is one of the country’s largest consumers of coal. “Our aim is to have zero import […]

KOLKATA: Armed with the Coal Mines Special Provisions Bill, 2015, the government is all set to allow commercial mining of coal and state-owned entities would be the first to be allotted mines for the purpose. “We will be allotting mines to the state entities for commercial mining of coal,” Coal Secretary Anil Swarup said here […]

MELBOURNE: An Australian environmental lobby today dragged Adani group in the Land court of Queensland, objecting to the Indian mining giant’s 16.5 billion dollars Carmichael Coal mine project in the coal-rich state on the ground that it would endanger biodiversity in the region. “Adani’s mine will be the third biggest coal mine in the world. […]

New Delhi: The National Green Tribunal has directed the Environment Ministry (MoEF) and Indian Bureau of Mines to submit a complete list of asbestos mines in the entire country with their status. A bench headed by Justice U D Salvi directed MoEF and the Bureau to inform about the present status of the mines, specifically […]

MELBOURNE: Indigenous traditional owners of the lands have rejected Indian mining giant Adani’s 16.5 billion dollar mine, rail and port projects in Australia’s coal-rich Queensland state, in what is being described as the biggest case in recent history involving native title law. The Wangan and Jagalingou (W&J) people, the traditional owners of the lands earmarked […]

NEW DELHI: Government today said it is in the process of identifying 15-20 coal blocks to be auctioned in the next round, but can’t fix a deadline for completing the process for all the 204 coal blocks that were cancelled by the Supreme Court. “15-20 coal blocks are being identified (for auction) and we are […]