State-owned Coal India Ltd’s fuel allocation under the exclusive e-auction scheme for the non-power sector rose almost sixfold to 13.44 million tonnes (MT) in April-September this fiscal. Coal India Ltd (CIL) had allocated 2.31 MT of dry fuel to the sector under the scheme in the corresponding period of the previous fiscal, according to the latest government […]
The total coal allocation under its Coal India’s four e-auction windows registered about 65 per cent year-on-year rise during the first half of the current financial year. “Coal India Ltd (CIL) booked 41.4 million tonnes (MT) raw coal in e-auctions during April-September 2020, compared with 25.1 MT booked in the corresponding period last fiscal,” the company […]
State-owned Coal India Limited’s subsidiary Northern Coalfields Ltd (NCL) is planning to expand three open-cast mining project in the ongoing financial year. Of the company’s 10 open-cast mining projects in operation, seven are completed mining projects and three are ongoing mining projects, NCL said. “Three…new/expansion OCPs (open cast projects) have been planned to be taken up […]
State-owned Coal India Limited (CIL) produced 40.51 million tonnes (MT) of coal in September, registering a growth of 31.6 per cent over the same month last year. Coal India (CIL), which accounts for over 80 per cent of domestic coal output, had produced 30.78 MT of the dry fuel in September 2019. “Coal production at 40.51 MT […]
The Indian government assured investors on Tuesday that a bidding process for coal mines will be completely transparent and the procedural clearances required for operating them will be expedited. The government recently opened up for the first time bids for completely unexplored and partially explored coal blocks among others. Until then, commercial mining was restricted to […]
India is planning to swiftly move forward with a process of offering nearly 500 mining blocks for various minerals to domestic and foreign investors, Pralhad Joshi, minister for coal and parliamentary affairs, said Tuesday. The move comes as part of Prime Minister Narendra Modi’s vision of Atma Nirbhar Bharat, or self-reliant India. This will be the […]
India is set to launch auction of coal blocks for commercial mining on June 18, a month after the government approved the new revenue-sharing model that puts an end to the monopoly of state-run Coal India. “We are launching first-ever commercial coal auction in the country on June 18. The launch of auction will be […]
Coal India Ltd’s (CIL) sales to customers fell by more than a quarter in April, the steepest rate of decline in at least six years, as a nationwide lockdown eroded demand. Offtake by customers, such as power generators, fell by 25.5 per cent to 39.06 million tonnes – the deepest fall since at least April […]
The Indian government has approved the allocation of five coal mines with a combined capacity of about 5.2 million tonnes per year, allowing successful bidders the flexibility to sell a portion of the production in the open market, according to the ministry of coal. “The significant feature of the allocations is that for the first […]
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, […]
