India’s new FDI policy may not be enough for private coal mining to take off, say experts

Investment in coal has been declining as both global mining corporations and international banks try to address the climate crisis. Rio Tinto has exited the thermal coal business—that is, coal used in power plants. Both Anglo American and BHP are said to have begun the process of divesting their thermal coal assets. Earlier this year, […]

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Over 100 mineral blocks in India ready for online auctions, says mines minister

As many as 100 virgin mineral blocks across the country are ready for online auctions, said Union minister for mines, rural development, parliamentary affairs and Panchayati Raj Narendra Singh Tomar. “So far, 53 mines have been auctioned. The electronic auction of these assets has brought in incremental revenue of Rs 1.43 trillion to states. The additional revenue […]

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Pan-India electronic tea auction to begin despite industry concerns

The new pan-India electronic auction for tea will go online from Tuesday despite apprehensions of the industry which raised issues about the proposed system. Tea Board officials said the government agency had been in discussions with the industry for several months and had incorporated their suggestions into the new system, which will allow buyers registered […]

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