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FDI in commercial mining: Govt nod needed for companies from nations sharing border with India
According to the Press Note 3 of 2020, an entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the Government route.
Jharkhand to get Rs 18,889 crore from coal mined by CIL in next 4 years: Government
Of the nine blocks in Jharkhand put up for sale for comme...
Key takeaways from PM Narendra Modi's announcements on commercial coal mining
With easy entry and exit norms for commercial coal auctions the...
Trade unions to mobilise people to build public opinion against commercial coal mining
The unions, including RSS-affiliated Bharatiya Mazdoor Sangh (BMS), of Coal India have also decided to go for a day's strike on August 18, the last date for submitting bids for the auctioning of 41 blocks.
Coal mine auction important step towards Atmanirbhar Bharat: Tata Sons' Chandrasekaran
“This will be one of the big stepping stones towards our journey towards a $5 trillion economy,” said Chandrasekaran speaking at a FICCI event to flag off auction of Coal Mines for Commercial Mining on Thursday.
Workers' union oppose commercial coal mining
S Q Zama, Secretary General INMF said: “Allotment of coal blocks to private companies and even to government companies under Coal Mines (Special Provisions) Act, 2015 did not take off except for few exceptions.
Workers' strike hits Coal India output, despatch
Production and top soil removal at mines were 38% and 58% of their respective recent averages. It loaded 5,78,000 tonnes on Thursday against an average of 1.4 million tonnes per day in the past 10 days, while production fell to 4,81,000 tonnes from 1.3 million tonnes per day
'Commercial coal mining to stimulate economy; catalyse path toward $5 trillion economy'
The auction of coal mines for commercial mining and relaxation of FDI in the coal sector will create a lot of interest for companies engaged in the coal mining and associated activities such as mine developer and operator (MDO) sectors, Arvind Sharma, Partner, Shardul Amarchand Mangaldas & Co said.
Coal India trade unions begin 3-day strike; around 4 MT of coal output likely to be hit
The unions on Thursday went on the strike from the first shift which begins at 0600 HRS, Nathulal Pandey, president of HMS-affiliated Hind Khadan Mazdoor Federation said.
Coal India to invest Rs 15,700 crore in conveyor belts for movement between mines and wagons
In the first phase, it will upgrade infrastructure at 35 mines, each with capacity of four million tonnes per annum (MTPA) or more at six subsidiaries of the company. This involved capital expenditure (capex) of about Rs 12,300 crore and total capacity of 406 MTPA. Phase-2 includes 14 projects in which four subsidiaries will spend Rs 3,400 crore for total capacity of 100.5 MTPA.
Commercial mining likely to save Rs 30,000 cr annually on thermal coal import bill: Pralhad Joshi
The opening of the coal sector to private companies is expected to generate employment for more than three lakh people. Since these coal mines are situated in the backward regions of the country, commercial coal mining is expected to contribute about Rs 20,000 crore annually to these states as revenue and strengthen the development of local economies.
Tata Sons chairman pitches for coal exchange; Vedanta's Anil Agarwal advocates 'self certification'
Speaking during the launch of auction of coal mines for commercial mining here, Chandrasekaran said, "The government should consider the concept of coal exchange as a trading platform for transparent method of buying and selling coal by multiple merchant miners in line with what exists in the commodity exchanges..."
India must reduce coal imports, become self-reliant in energy: PM Narendra Modi
Prime Minister Narendra Modi on Thursday launched the auction of 41 coal mines for commercial mining and reiterated his call for India to be...
View: Coal sector reforms will help India become self-sufficient
The focus now shifts from revenue maximisation to maximum coal availability in the market. This will not only help address India’s coal production needs, but also attract investment, while saving precious foreign exchange.
States get Rs 102.7 crore as upfront payment for coal mines
The amount towards upfront payment to the coal-bearing states i.e. Chhattisgarh, West Bengal, Madhya Pradesh and Odisha was sanctioned, an official said.