Coal India’s fuel allocation for non-power sector rises sixfold; no longer negative growth

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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 […]

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Coal India’s e-auction allocation of coal jumps by 65% during April-September

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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 […]

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Northern Coalfields plans to expand 3 open-cast mining project this fiscal

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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 […]

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India promises transparent bidding process to coal investors

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 […]

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India plans to offer 500 mining blocks to investors, says minister

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 […]

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India okays allocation of 5 coal mines; allows part output sale in open market

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 […]

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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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