Category: Coal

The impact of a strike by Coal India trade unions will last for a day and production is expected to resume normalcy tomorrow said Minister for Coal, Mines and Parliamentary Affairs, Pralhad Joshi. Speaking to reporters on the sidelines of Federation of Indian Mineral Industries 53rd Annual General Meeting, Joshi said, “Major impact is for […]

As trade unions rejected Coal Minister Prahlad Joshi’s offer to hold discussions, a one-day strike in almost all coal mines and related establishments will be held on Tuesday against the decision to allow 100 per cent FDI in mining. The Sangh Parivar-affiliated BMS, on the other hand, has started a five-day strike in the sector […]

Coal unions claimed on Tuesday that their one day strike, demanding the withdrawal of the Centre’s decision to allow 100 per cent FDI in mines, is total. The unions said both the mining and transportation of coal had been disrupted due to the strike. The strike began at 6 am on Tuesday. “The strike is […]

India’s coal import declined by 3.7 per cent to 18.93 million tonnes (MT) in July this year from 19.67 MT in the same month a year ago. Of the total coal imports in July 2019, non-coking coal shipment was at 12.66 MT, coking coal’s was at 4.17 MT, among others, according to a provisional compilation […]

India plans to invite bids from global firms for the first time for coal mining blocks before end-2019, sources familiar with the matter said, a move that would end Coal India Ltd’s near-monopoly for the fuel as the nation tries to cut imports. Coal is among the top five commodities imported by India, one of […]

Minister of Science & Technology Harsh Vardhan on Monday inaugurated the National Centre for Clean Coal Research and Development at Indian Institute of Science (IISc) in Bengaluru. The centre has been established as a national consortium on clean coal research and development with IISc leading it. The new centre would address several critical R&D challenges […]

Potential bidders for the next round of coal auctions have expressed concern over the lower number of coal mines being put up for auction in the Eastern part of the country. At a meeting called by the Coal Ministry of the stakeholders, prospective bidders pointed out that the end-use industries (coal consumers) are in the […]

The RSS-controlled trade union Bharatiya Mazdoor Sangh (BMS) said on Friday that the one-day strike called by various coal workers’ federation, scheduled for September 24, is “politically-motivated”. BMS leader in-charge of public sector enterprises, BK Rai, told BusinessLine that the strike is eyeing the upcoming Assembly elections in Jharkhand. ‘One day not enough’ Rai, agreeing […]

In a report published by Fitch Solutions Macro Research, it has been stated that India will overtake China as the largest importer of coking coal by 2025. “We forecast India’s coking coal consumption to grow at an annual average rate of 5.4 per cent between 2019 and 2028, driven by an equally robust expansion in […]

The CPI(M) on Thursday condemned the Union Cabinet decision to allow foreign direct investment (FDI) in coal and dilute FDI norms in single brand retail. It demanded that the government reverse these measures. In a statement here, the Polit Bureau of the CPI(M) strongly opposed the Union Cabinet’s decision to allow 100 per cent FDI […]

State-owned power giant NTPC on Friday announced the incorporation of a subsidiary NTPC Mining Ltd, paving the way for its foray into commercial coal mining. The power sector behemoth also has plans to list the coal subsidiary on stock exchanges. “NTPC Ltd has incorporated a wholly-owned subsidiary in the name of ‘NTPC Mining Ltd’ with […]

The world’s biggest coal miner is likely to hold on to its crown for now even as competition increases in India, which opened its doors to foreign miners to boost output and curb surging imports. The South Asian economy will allow 100 per cent foreign direct investment in mining and sale of coal, commerce and […]