The supply of coal to power sector by CIL in October dropped by 19.3 per cent to 33.8 MT, over 41.9 MT in October last fiscal. With torrential rains hitting coal production, Coal India had said that it was keeping a close watch on the current situation to ensure smooth supplies to power plants.
Coal India (CIL) is planning to use drones to check illegal mining and pilferage. Its exploration arm, Central Mine Planning & Design Institute, recently tied up with Centre for Aerospace Research, Anna University of Chennai, for drone technology.
This will be the first auction outside the reverse bidding model since the mass cancellation of blocks by the Supreme Court. The revenue sharing model is based on recommendations of an expert committee headed by former Central Vigilance Commissioner Pratyush Sinha that was formed after the fourth and fifth rounds of auctions received a tepid response.
The matter had come up for discussion during the meeting of a high-level committee under the chairmanship of Niti Aayog Vice-Chairman, sources privy to the development said. "During the meeting, it was discussed that for larger blocks the upfront payment was more. So in order to attract investors, it was opined that the upfront payment should be reduced."
"Notice Inviting Tenders for 26 more iron blocks have been issued," Joshi said in a reply to a question in the Rajya Sabha. Since 2015, 24 iron ore blocks have been auctioned, the minister said. As per available information, the consumption of iron ore was 166 million tonnes in 2016-17, 175 million tonnes in 2017-18 and 189 million tonnes during 2018-19, the minister said.
India plans to float global tenders for the first time for coal mining blocks before end-2019, sources familiar with the matter told Reuters in August, a move that could end Coal India Ltd's near-monopoly on the fuel. The auctions, to be aimed at paring back the nation's coal imports, are intended to attract global miners.
The Ministry of Coal is planning to take services of a consulting firm to set up a project management unit to support on expediting coal block operationalisation, according the notice published for Request for Bid stated. The last date for submission of bid is December 19, it said.
The new KGK factory, in partnership with SODIAM, the Angolan state owned company for the trading of diamonds in Angola, incorporates the latest and highly developed technologies. The advancement is yet another manifestation of the natural progression of KGK’s global manufacturing operations.
The approved per annum capacity of the mine is 2.6 million tonnes with an extractable reserve of 114 million tonnes. Once operational, it will provide fuel security, improve power availability and further strengthen the company’s aluminium operations and performance.
CIL had allocated 17.69 MT of coal in the year-ago period, according to govt data. The coal allocated by the PSU under the scheme in September also dropped to 1.97 MT, compared to 2.58 MT in the corresponding month of 2018-19. The purpose of e-auction is to provide equal opportunity to all intending buyers for purchasing coal through single window service.
As per the proposal, the board shall consists of the chief inspector of mines, who shall be its chairperson, three members possessing technical qualification in mining or petroleum engineering and having at least twenty years’ practical experience, one each in coal mines, metal mines, and oil mines to represent each sector appointed by the govt.
The Indian Ports Association (IPA), which maintains cargo data handled by these 12 ports, in its recent report, said "percentage variation from previous year" in thermal coal handling was at 17.69 per cent. As far as coking and other coal is concerned, its handling recorded a rise of 6.88 per cent at 33.43 MT during the seven months period.
A coal sector executive said private operators of coal blocks suffered because of problems faced in various clearances. The centre wants coal blocks to come on stream in four-five years. It wants to increase the number of coal exploration agencies, improve infrastructure for coal and amend the law to speed up approvals.
The coal minister undertook an aerial survey and inspection of mining operations of Talcher Coalfields in Mahanadi Coalfields Limited in Odisha, which is the second biggest subsidiary of state-run company Coal India Limited (CIL), and contributes about 25% cent to the total coal production of CIL, an official statement said.