Highway developer Dilip Buildcon on Tuesday said it has bagged an order worth Rs 2,122.74 crore from Northern Coalfields Ltd, a subsidiary of Coal India, for removal of overburden at a mining project in Madhya Pradesh. In mining, overburden is the overlying material (such as rock, soil) that generally has no commercial value. “Dilip Buildcon […]
Category: Coal
Coal mine auctions close with significant variation across winning bid prices
The auction of coal mines under the eighth, ninth and tenth round has come to a close with winning bid prices reflecting the significant variation. The highest winning bid amount from among all mines bid out, at ₹1,674 per tonne, has been quoted for the Jamkhani coal mine in Odisha by Vedanta Limited. Prakash Industries’s […]
Coal India down despite steady earnings in Q2
Coal India (CIL) shares were down on the bourses today although the public sector miner reported a steady set of Q2FY20 numbers. On the BSE, Coal India stock was down 1.09% to Rs 204.95, with volumes traded at 43,000 shares as at 10.40 am. Higher-than-expected fuel supply agreement (FSA) realisations supported overall earnings for the […]
Powerplus Traders bags Jagannathpur B coal mine
Jagannathpur B coal mine has been awarded to Powerplus Traders Private Ltd in the eighth tranche of e-Auction for Coal Mines. The block was bagged at a bid price of ₹185 per tonne for the coal mined. Jagannathpur B is the fifth of the 20 coal mines up for auction in the current round of […]
Four out of twenty coal mines awarded after bid
Four out of twenty coal mines in the eighth round of auctions were awarded till late Wednesday evening. According to a statement by MSTC Limited, the Bhaskarpara coal mine in Chhattisgarh was awarded to Prakash Industries Limited at a winning bid price of ₹1,100 per tonne. The other blocks awarded till now are Brahmapuri and […]
Bhaskarpara Coal may give Prakash Ind a leg up
Prakash Industries has announced that it has emerged as the highest bidder for Bhaskarpara Coal Mine in Chhattisgarh in the auction conducted by the Ministry of Coal. The mine has an extractable reserve of 24.06 million tonnes and its coal is highly suitable for use in Prakash Industry’s integrated steel plant at Champa (Chhattisgarh). Currently, […]
Coal India to enter advance agreements overseas for coking coal
Coal India Ltd (CIL) will get into advance agreements with some overseas markets for securing coking coal before going in for asset acquisition. According to Union Coal Minister Pralhad Joshi, “freezing” the order in advance will help the country secure coking coal at a competitive price. “As of now, the thinking is not to acquire […]
Coal Ministry triples compensation for fatal mine accidents to ₹15 lakh
Families of victims of fatal coal mines accidents will now get an ex-gratia amount ₹15 lakh for the death of their kin. This 300-per-cent hike in compensation amount was announced by Minister of Coal and Mines Pralhad Joshi. Speaking to coal miners at Mahanadi Coalfields Limited (MCL) in Odisha, Joshi said that this welfare measure […]
CIL to switch over to mechanised transport of coal at large mines
State-owned Coal India Ltd (CIL) will be switching over to mechanised transport of coal through piped conveyor belts in its large mines by 2023-24. This will replace the existing road movement of the dry fuel. The system will be implemented in 35 of its coal projects, each having production capacity of four million tonne per […]
Environment Ministry working out ways to make mining activities hassle-free
A major bottleneck for Indian energy resources mining and exploration has been attaining various regulatory approvals to undertake the activities. One such approval, which is also the most important one, is environmental clearance. Contractors have surrendered or relinquished the areas awarded to undertake hydrocarbons exploration or mining activities, due to delay in getting such clearances […]
SECL eyes better coal evacuation with new Chhattisgarh rail line
South Eastern Coalfields Ltd (SECL), a subsidiary of Coal India Ltd (CIL), is expecting better coal evacuation with the 44-km-long new railway line in Chhattisgarh under the East Rail Corridor from Kharsia to Korichapar, which is becoming operational on October 12. Coal evacuation from two large coalfields — Mand-Raigarh and Korba — which fall under […]
Adani awards rail contract to support Carmichael project
Adani Enterprises has awarded a contract to an Australian rail company as the conglomerate steps up infrastructure spending to support its new thermal coal mine in Queensland state. The A$100 million ($68.30 million) contract was awarded to privately held Martinus Rail, based in the regional city of Rockhampton, Adani said in a statement on Friday. […]