The country’s coal production increased 12.29 per cent to 664.37 Million Tonnes (MT) from April to December 25 this fiscal over the year-ago period, according to an official statement. The country’s coal output was 591.64 MT in the same period last year. “As per the latest statistics of the Ministry of Coal, the cumulative achievement […]
Category: Coal
Centre proposes cap on performance security and upfront amount to auction critical and strategic minerals
The Mines Ministry has proposed capping the performance security and upfront amount – payable after bagging the rights to extract minerals – for making critical and strategic mineral blocks more lucrative for mining companies. Presently the performance security and upfront amount is a percentage of the Value of Estimated Resources (VER). According to the Mines […]
Coal sector: Govt plans financial support for coal gasification projects, higher production in 2024
Rolling out a policy to provide financial support for coal gasification projects, augmenting production and promoting underground mining activities are among the government’s priorities for the coal sector, which is key to meet the country’s rising electricity demand. Besides, efforts will be made to bring more captive and commercial coal mines into operation, improve the […]
Domestic coal-based power generation rises 8.38% to 779.1 billion units in Apr-Nov
New Delhi: The domestic coal-based power generation increased 8.38 per cent to 779.1 Billion Units (BU) in April-November FY24, an official statement said on Saturday. In the year-ago period, the domestic coal-based power generation stood at 718.83 BU. India’s power generation increased 7.71 per cent in the period under review, the coal ministry said in […]
India expected to be surplus in coal production by FY26: Govt
New Delhi: The country is likely to be surplus in coal production by FY26, Parliament was informed on Wednesday. India may be surplus in coal production except for some high quality fossil fuel and coking coal needed for the steel industry and imported coal-based power plants. Replying to a query in Lok Sabha, coal and […]
India’s coal production to cross 1 bn tonnes in FY24: Coal and Mines Minister Pralhad Joshi
Coal and Mines Minister Pralhad Joshi on Wednesday expressed confidence that the country’s coal production will cross one billion tonnes in the ongoing financial year. The country’s production target of the fossil fuel for 2023-24 is 1,012.14 MT. Speaking during the launch of the ninth round of commercial coal mine auction, the minister said, “This […]
Rashmi Group forays into mining, secures three coal mines in West Bengal
Rashmi Group has recently forayed into mining by securing the first-ever private coal mining rights in West Bengal, as a part of backward Integration process. The Union Ministry of Coal has allotted three coal mines in the state, namely Kagra Joydev Coal Block and Kasta East Coal Block in Birbhum and Jagannathpur B in West […]
Delhi HC orders CBI & DRI to investigate allegations of over-invoicing by companies including Adani, Essar Groups
The Delhi High Court on Tuesday directed the Centre, the Central Bureau of Investigation and the Directorate of Revenue Intelligence (DRI) to meticulously and expeditiously look into the allegations of over invoicing of coal imports and equipment by several companies, including Adani Group and Essar Group, and take appropriate actions in accordance with the law. […]
Ninth round of commercial coal auctions to Be launched on Dec 20
The government is set to launch the ninth round of commercial coal mine auctions on December 20 with 26 mines on offer. Among the mines to be offered, seven are fully explored and 19 are partially explored. Five coal mines will be offered under the second attempt of round seven of commercial coal. Of these, […]
Global coal demand expected to decline in coming years: IEA
After reaching an all-time high this year, global coal demand is expected to decline by 2026 due to a major expansion of renewables, according to the latest edition of the International Energy Agency’s (IEA) annual coal market report. This is the first time that the report has predicted a drop in global coal consumption. Around […]
NMET-funded 11 mineral blocks auctioned, six under process: Coal minister
The government on Wednesday said as many as 11 mineral blocks funded by the National Mineral Exploration Trust have been auctioned while six other blocks are under the sale process. The National Mineral Exploration Trust (NMET) was set up in 2015 to boost regional and detailed mineral exploration activities. “Since inception NMET has funded 270 […]
MOIL board approves pact to form JV with Gujarat Mineral Corp for manganese ore mining
New Delhi, State-owned MOIL board on Wednesday approved an agreement to form a joint venture company with Gujarat Mineral Corporation for manganese ore mining in Gujarat. MOIL will have a majority 51 per cent stake in the JV company, while the remaining 49 per cent will be held by GMDC, the state-owned firm said in […]