India’s move to open commercial coal mining can halve its annual import bill, says CRISIL

India’s move to open up commercial coal mining can halve the annual expenditure incurred on importing non-coking coal because of substitution through domestic production. In fiscal 2020, India imported an estimated 180-190 million tonne (MT) of non-coking coal costing over Rs 90,000 crore. The government earlier this month approved the liberalisation of coal mining by […]

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Entry of private sector in India’s coal mining may not rescue stressed power plants

Finance Minister Nirmala Sitharaman’s announcements over the weekend to allow commercial mining in India’s coal production and remove the government monopoly is unlikely to provide an immediate relief to stressed thermal power companies even as they benefit from improved coal linkages in the long run. Analysts say that since the earliest coal evacuation by the […]

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India says to open up coal sector, mineral mining to boost production

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India announced major reforms for its coal sector in its efforts to attract more investments to boost domestic production at a time when the country is a net importer of coal despite having the world’s fourth-largest deposits. Finance Minister Nirmala Sitharaman told reporters that there was an urgent need to reduce import of substitutable coal […]

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Covid-19 disrupts $6.9 billion of global mining output

Covid-19 has impacted the mining industry across the globe as governments enforce lockdowns and quarantines and companies halt operations because workers and contractors can’t get on-site due to restrictions. S&P Global Market Intelligence in a new report tallies the impact of these mine closures, showing Africa and the Americas hardest hit in terms of the number of […]

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Indian mining sector breathes sigh of relief after government amends mining law

Steel companies and mining companies in India have heaved a sigh of relief after the government amended the prevailing mining law to permit the “seamless transfer” of regulatory approvals to new owners of operational iron ore mines, the Economic Times reported. Earlier last week, the government amended the Mines & Minerals (Development & Regulation) Act […]

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Asian countries face policy uncertainty, resource nationalism in mining: Fitch report

Rising geopolitical tensions and pressures to the global economy will continue to evoke volatility in commodity markets, heightening risks to metal demand and prices, Fitch Solutions’ newest report on key Asia mining themes finds. The Asian mining landscape will continue to benefit from the availability of high-grade resources and low labour costs, although key countries will […]

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