Category: Coal

The Centre has moved a step closer to scrapping a cap on foreign investment in commercial coal mining, a person with direct knowledge of the matter said, as part of efforts to boost economic growth. The proposal is being discussed at a Wednesday meeting of the cabinet, led by Prime Minister Narendra Modi, and a […]

International Coal Ventures Ltd (ICVL) proposes to almost double the supply of coal from Mozambique to meet the targeted 10 per cent requirement of Steel Authority of India Ltd (SAIL) and Rashtriya Ispat Nigam Ltd (RINL). “The mining from these overseas assets (in Mozambique) are gradually being enhanced. In 2018-19, ICVL exported around 1 million […]

Coal India Chairman Anil Kumar Jha on Wednesday said renewables are unlikely to surpass coal as the major source for power generation soon and asserted that India’s energy migration scenario will be different compared to many other countries. State-owned Coal India accounts for nearly 83 per cent of the country’s coal production. “The question is […]

NTPC has surrendered the Kudanali-Luburi coal block in Odisha allotted to it jointly with Jammu and Kashmir State Power Development Corporation Limited (JKSPDC) in July 2013. “The mine was allotted to NTPC for developing 1320 MW Bilhaur thermal power plant at Uttar Pradesh, which is now being developed as a solar plant and Power Purchase […]

A new berth for mechanised handling for coal at the New Mangalore Port has been lying idle for over two months since its inauguration as it was commissioned before completion of capital dredging and providing adequate draft, according to the Kanara Chamber of Commerce and Industry. In a memorandum to the Union Minister of State […]

The Coal Ministry is hopeful of domestic production from auctioned mines to reach pre-cancellation levels when the current financial year comes to an end. The Supreme Court had cancelled allocations of 208 coal blocks in August 2014. This included 42 coal producing mines. “The production from 42 operational coal mines during the pre de-allocation period […]

An analysis of power projects — both coal and renewables — that achieved financial closure in 2017 and 2018 reveals a massive 90 per cent fall in loans for coal. As many as 54 projects that achieved financial closure in 2018 attracted ₹30,524 crore of loans; 80 per cent of it went to renewable energy […]

State-owned CIL’s 54 coal mining projects are facing delay due to various reasons such as contractual issues and delay in green clearances among others, the world’s largest coal miner said. “A total of 120 coal projects costing ₹20 crore and above are in different stages of implementation. Out of which 66 projects are on schedule […]

The Coal Ministry has relaxed timelines and ironed out policy issues hoping to get a better response to the latest round of coal mine auctions. “There are 22 old mines and 20 new mines that are being offered with most of them being Scheduled III coal mines. This means that production from most of these […]

The Ministry of Coal has started the process of auctioning 27 coal mines and allocating 15 mines to developers. This process is being re-initiated after previous attempts elicited poor response from bidders in view of market conditions. The allocation of blocks will be restricted to Central and State public sector undertakings. Private players and central, […]

India is expected to import up to 185 million tonnes of thermal coal in 2019, the head of thermal coal at consultancy Wood Mackenzie said on Tuesday, about 13 percent higher than its estimate for 2018. India’s coal imports from Australia and Colombia will increase in the long run as demand for high-energy coal grows […]

Search operations for three missing coal workers entered its second day at Bharatpur open cast mine in Talcher Coalfields of Mahanadi Coalfields Limited (MCL). The NDRF along with Mines Rescue team of MCL are conducting rescue operation. According to a MCL release, the body of Pupun Biswal of SICAL company (the contractor) was recovered from […]