Finance Minister Arun Jaitley has said the larger interest of the public sector would be fully protected.
Operations at 26 mines are set to commence again within a couple of months.
Altogether 250 labourers were trapped about 700 feet below the ground level in the underground mines near Talcher as the lift meant for bringing them up after their shift failed to function, a spokesman of MCL said. A rescue operation was launched immediately with the help of another lift meant for taking out coal from the mines and 100 workers were first brought up, he said.
ABVP won all six posts -- president, vice-president, general secretary, joint secretary, cultural secretary and sports secretary -- in the elections held on September 19, a press release said.
In her fourth tranche of the economic package, she said commercial mining will be done on revenue sharing mechanism instead of the regime of fixed rupee/tonne.
The Prime Minister's Office has asked the Coal Ministry to monitor closely the process of allotment and auction of coal mines to ensure that there is no disruption in the production of dry fuel.
It is up to the government to take a decision on this before it starts auctioning.
'...you won't have to announce it yourself -- people around you will tell you it's time.'
Money, language, society -- all that could go wrong, went wrong. But they could never hinder Amit's abilities. A story of sheer grit and commitment.
As of now, only Indian power, steel and cement companies can mine coal for their own consumption.
Roads, railways, and coal together are likely to account for 70 per cent of the government's takings from the upcoming second edition of the National Monetisation Pipeline (NMP), set to run from FY26 to FY30. In comparison, these three sectors are estimated to have contributed 66 per cent in the first edition of the NMP - FY22 to FY25.
Rajya Sabha Chair addresses the issue of expunged proceedings being shared on social media amidst ongoing stalemate between the government and opposition regarding a discussion on Special Intensive Revision (SIR) in Bihar.
You can't be the second-most expensive market in the world and deliver just 10 per cent EPS growth, points out Akash Prakash.
Jindal Steel and Balco emerged as the top bidders.
Forest and tribal rights activist Alok Shukla will on Friday receive the prestigious Goldman Environmental Prize -- 2024 for successfully leading a community campaign that saved 4.45 lakh acres of biodiversity-rich forests from 21 planned coal mines in Chhattisgarh.
Tamil Nadu Chief Minister M K Stalin has strongly opposed the central government's award of tungsten mining rights in Madurai district, urging Prime Minister Narendra Modi to cancel the decision. Citing concerns about a biodiversity heritage site and potential impacts on local communities, Stalin asserted that the state government will not permit mining in the area.
PSUs will get direct allotment.
Five migrant labourers were shot dead and few others were injured when suspected tribal militants indiscriminately fired upon them in a mining village in Meghalaya's South Garo Hills district, police said on Tuesday.
After extricating five bodies from an abandoned coal mine in Jharkhand's Dhanbad district, government authorities and the Eastern Coalfields limited Wednesday called off the rescue operation, while locals and leaders of political parties claimed more people were still trapped under the debris.
The bench issued notice to the Meghalaya government, the centre and others seeking their response on various issues connected with coal mining in the state and posted the matter for hearing February 19.
However, Adani Australia has clarified on its Facebook page on Monday that in terms of quality of the coal it is almost 50 per cent better than that used domestically.
To those who ask, "Is all this really worth it? Why can't domestic demand fill the gap?", it is important to remind them that only 13 economies since the Second World War have grown at 7 per cent or more for 25 years -- like India needs to. They all had one thing in common: Strong export growth underpinned by strong global engagement, explains Sajjid Z Chinoy.
'With the deployment of a higher degree of mechanisation, awarding contractual mining to MDOs and operational efficiency, we feel confident of achieving the desired target.'
The government will now auction 23 mines, instead of 24
The government proposes to liberalise allotment of captive blocks for private participation, enabling mining companies to sell coal and ending the monopoly of the public sector.\n\n
Parliament has cleared the Mines and Minerals (Development and Regulation) Amendment Bill, 2023, recently. The objective of the Act is to invite investments from the private sector, including foreign companies, for mining minerals such as lithium and other critical minerals. Other than lithium, some of these minerals were classified as atomic minerals, including beryl and beryllium, niobium, titanium, tantalum and zirconium.
If the threat from the 'Maovadis' (Maoists) is fading, the danger now lies with the 'MoUvadis' -- those who might exploit the resource-rich Abujhmad region through corporate or State-backed projects.
While naming him as the NDA candidate for the Vice President's post, the BJP had described him as 'Kisan putra', a move seen in the political circles aimed at reaching out to the politically significant Jat community which had participated in huge numbers in the year-long farmers' protests against agriculture reform measures unveiled in June 2020.
'On November 8, two women activists were assaulted and left for dead because they were following the illegal mining trail. This is how bad the coal mafia is in Meghalaya.' 'Most politicians own coal mines, some policemen own coal mines and some in the administration own them.' 'So what you have is a nice cocktail and everybody is protecting each other.'
Forty-eight miners were working underground when the blast occurred.
Eight persons were trapped inside after a section of roof collapsed in the under construction stretch in the tunnel of Srisailam Left Bank Canal (SLBC) project, Telangana Irrigation Minister N Uttam Kumar Reddy said on Saturday.
The current coal stock stands at 13.5 million tonnes at pithead power stations and 20.7 MT cumulatively at all power plants across the country.
'The central learning of the day was that if the BJP leadership can cajole, coax and convince regional parties to vote for bills, it would not be a stretch to see the same votes cast in favour of the land bill,' a senior Congress leader from a northern state told Rediff.com
Novelis' Q3FY25 volume stood at 904,000 tonnes (down 1 per cent Y-o-Y, down 4 per cent Q-o-Q), due to lower VAP and automotive shipments. Revenue stood at $4.1 billion (+4 per cent Y-o-Y, down 5 per cent Q-o-Q).
Govt fine-tunes strategies for smooth passage of mines and coal Bills.
The body of the trapped miner was spotted on January 16 and efforts were on to pull it out of the shaft of the coal mine filled with water.
The $16.5 billion Carmichael coal mine project when completed would be one of the world's largest.
GMR Infrastructure, the Bangalore-based developer of power plant, airports, roads and urban infrastructure, is understood to be closing in on its second coal mine acquisition in Indonesia. The mine is expected to cost close to $150 million and has reserves of close to 200 million tonne.
The Supreme Court on Thursday issued notices to seven coal mining states asking them to explain their role in coal block allocation after the Centre washed off its hands in any irregularities, saying that its role was limited to identifying the blocks and rest was done by states.
The Supreme Court verdict on mining royalty case will give a further jolt to the Indian mining industry and will have very large financial implications, as arrears may work out to the tune of more than Rs 1.5 lakh crore to Rs 2 lakh crore, industry players said on Wednesday. The Supreme Court on Wednesday upheld the power of states to levy tax on mineral rights and mineral-bearing land, and allowed them to seek refund of royalty from April 1, 2005 onwards. According to a senior mines ministry official, the verdict will have a very large financial impact on mining, steel, power and coal companies.
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