NEW DELHI: The country’s mining sector will see “hectic activities” in the new year with the central government’s approvals for pending mining reforms expected in January itself and efforts continuing to bolster overall mineral output. The reforms will pave the way for auctioning of at least 500 mineral blocks, Mines Secretary Anil Kumar Jain told […]
Category: Coal
India makes future coal import disclosures mandatory
India has made it mandatory for coal importers to disclose future shipments, in a move seen as tightening screening to curb imports to protect domestic producers. Importers of coking coal, steam coal and bituminous coal would have to gain a permit ahead of deliveries, the commerce and industry ministry said on Wednesday.
India to put in place Coal Import Monitoring System from February 1
NEW DELHI: 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 […]
Coal India’s fuel allocation under spot e-auction rises 59 pc during Apr-Nov
New Delhi: State-owned CIL NSE -4.76 % allocated 25.78 million tonnes (MT) of coal in the first eight months of this fiscal under spot e-auction scheme, registering a year-on-year increase of 59.4 per cent. Coal India NSE 0.49 % Ltd (CIL) had allocated 16.17 MT of coal in the April-November period of the previous fiscal, […]
Western Coalfields to enter into joint venture with Orissa Mineral Development Corporation
Nagpur: CIL NSE -4.76 % subsidiary Western Coalfields Ltd (WCL) will enter into a joint venture with Orissa Mineral Development Corporation (OMDC) for peak production capacity of 75 million tonnes of coal. Its Chairman and Managing Director Rajiv R Mishra also said 20 more mines will be opened by 2023-24, which shall sustain the production […]
Global coal demand to rise 2.6% in 2021 after record decline this year: IEA
Global demand for coal is set to jump 2.6% next year after a record pandemic-led drop this year, as recovering economic activity will lift use for electricity and industrial output, the International Energy Agency (IEA) said on Friday. Demand for thermal and metallurgical coal should rise to 7,432 million tonnes in 2021, from 7,243 million […]
Faster coal mine operationalisation to reduce import; prevent forex expenditure: M Nagaraju
New Delhi: The Centre, state governments, and coal block allocatees need to come together in a “coordinated and harmonious way” to operationalise the blocks at a faster pace as of the total 98 mines auctioned so far, only 33 are operational, Coal Additional Secretary M Nagaraju said on Thursday. He said that fast operationalisation of […]
Government engages consultant to assist coal block allottees
Kolkata: Amid reports of poor progress in the development of coal blocks, allotted to various entities long ago, the Centre has engaged a consultant to assist them to overcome challenges and make the mines productive, an official said on Thursday. The government intends to conduct the next round of coal block auctions in January, he […]
Mines minister discusses with cement players strategies to simplify mining leases transfer
New Delhi: Union Coal minister Pralhad Joshi on Tuesday held a meeting with representatives of cement manufacturers and deliberated on strategies to simplify transfer of mining leases and promote exploration and mining activities. The meeting assumes significance in the wake of government earlier stating that the distinction between captive and non-captive mines will be removed […]
Coal PSUs to adopt alternate transport methods to replace road transport in large mines: Pralhad Joshi
New Delhi: Coal and Mines Minister Pralhad Joshi on Monday said public sector coal companies, including state-owned Coal India NSE -0.70 %, will adopt alternate transport methods, including mechanised conveyor systems, computerised loading onto railway rakes, among others, for movement of coal in large mines, replacing road transport. The minister, who chaired a meeting of […]
SC seeks reply from Centre, States on plea against coal blocks auction in densely forest areas
New Delhi: The Supreme Court on Monday sought response from Centre and seven states on a plea challenging the decision to allocate/auction coal blocks for commercial mining in densely forested areas. A bench headed by Chief Justice S A Bobde and Justices AS Bopanna and V Ramasubramanian issued notice and tagged the matter along with […]
Coal, power ministers discuss substituting imported coal with domestic fuel under ‘Aatmanirbhar’ campaign
NEW DELHI: Coal Minister Pralhad Joshi on Friday met his counterpart in the power ministry, R K Singh, and deliberated on substituting imported coal with domestic fuel as part of initiatives towards the government’s ‘Aatmanirbhar Bharat’ goal. During the meeting, both ministers also deliberated on strategies for removing bottlenecks to augment coal suply in the […]