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India needs 4 times defence budget to meet 2020 coal target 

India needs 4 times defence budget to meet 2020 coal target 

The government has estimated that by the year 2020, India will need 1.5 billion tonnes of coal. But an IndiaSpend analysis of a recent report by Brookings India indicates that even by a generous estimate, the country`s need for coal will not exceed 1.2 billion tonnes over the next four years.
 

Coal India Limited's 66 coal mine projects facing delays

Coal India Limited's 66 coal mine projects facing delays

State-owned CIL's 66 projects are facing delays due to reasons including land acquisition problem as well as rehabilitation and resettlement issues.

CAG picks holes in coal mines auction by NDA govt

CAG picks holes in coal mines auction by NDA govt

The CAG has picked holes in the e-auction of coal mines by the NDA government last year saying multiple bids by corporate groups through joint ventures or subsidiaries did not give an assurance that potential level of competition was achieved in the first two tranches.

Government auditor suspects companies rigged 1st e-auction of coal blocks in 2015

Government auditor suspects companies rigged 1st e-auction of coal blocks in 2015

Zee Media Bureau

New Delhi: The Comptroller and Auditor General of India suspects manipulation of bids by corporate groups in the auction of coal mines in March 2015.

Rs 2,237-crore revenue generated from 74 coal mines: Govt

Rs 2,237-crore revenue generated from 74 coal mines: Govt

The government on Monday said a revenue of around Rs 2,237 crore has already been generated till May-end from the allocation of 74 coal mines.

NTPC saves Rs 550 crore per month on coal rationalistion, import control

NTPC saves Rs 550 crore per month on coal rationalistion, import control

State-owned NTPC has achieved savings of approximately 30 paise per unit -- approximately Rs 550 crore per month -- on account of coal rationalisation and reduction in imports of fossil fuel, Parliament was informed on Monday.

16 coal mines to be given to state-run units by September

The government will allocate 16 coal mines to state-run utilities for commercial mining by September, Coal Secretary Anil Swarup said on Tuesday.

Govt invites applications for allotment of 8 coal mines

Moving ahead with its decision to open up the coal sector, the government has invited applications from public sector entities for allocation of eight mines that have been identified for commercial mining.

Govt to invite proposals from PSUs for allotting 16 coal mines

Govt to invite proposals from PSUs for allotting 16 coal mines

 Taking ahead its decision to open up the coal sector for commercial mining, government will this month invite proposals from public sector undertakings for allotment of 16 mines.

Govt to allot 16 coal mines to PSUs for commercial mining

Govt to allot 16 coal mines to PSUs for commercial mining

Taking forward its decision to open up the coal sector for commercial mining, the government will allot 16 blocks to PSUs for carrying out production and sale of the dry fuel.

Feb coal imports inch up for first time in 8 months

Feb coal imports inch up for first time in 8 months

India`s coal imports inched up 1.7 percent in February, the first rise in eight months, Coal Secretary Anil Swarup told Reuters on Monday, but suggested it may have been a temporary increase based on deals signed earlier

Coal India Limited eyes coal mines in South Africa

Coal India Limited eyes coal mines in South Africa

As it gears up to meet 1 billion output target, state-owned CIL is planning to acquire coal mines in South Africa in partnership with local government amid falling prices of assets globally.

Adani's coal mine project in Aus gets environmental approval

Queensland state's Department of Environment and Heritage Protection (EHP) said it has issued a final environmental authority (EA) for Adani's Carmichael Mine project in the Galilee Basin.

Thirty-six workers killed in 2 coal mine accidents in China

Thirty-six coal mine workers have been killed in northeast China in two separate coal mine mishaps..

Govt approves mines to PSUs to sell coal to small industries

Govt approves mines to PSUs to sell coal to small industries

In a move aimed at enhancing energy security, the government Wednesday cleared allotment of coal blocks to PSUs for the sale of the fossil fuel mainly to medium, small and cottage industries and a policy for developing Underground Coal Gasification in coal and lignite areas.

Govt to auction 9 coal blocks in 4th round

Govt to auction 9 coal blocks in 4th round

Government has added another coal block to the list of mines to be auctioned in the fourth round next month, taking the total number of blocks on sale to nine.

Govt sets ball rolling for e-auction of eight coal mines

Govt sets ball rolling for e-auction of eight coal mines

The government has already mobilised over Rs 3 lakh crore in the first three rounds of coal auction and allotment.

Power plants with FSA and mines eligible for coal e-auction

The move is aimed at ensuring adequate availability of coal for electricity generation.

Mining giant Glencore reports $676 mn first-half loss

Swiss mining giant Glencore on Wednesday reported a first-half loss of $676 million (620 million euros), a performance hit by what the company called the worst commodities market since the financial crash of 2008-09.

Coal auctions: Round 3 set to begin on Tuesday

The government this week released the list of technical bidders for the first five coal mines up for bidding in the third phase of coal block auctions beginning on Tuesday.