The Coal Ministry on Monday received a total 69 applications from various PSUs
'The biggest impact will be on coal and hence on power cost. Then comes iron ore, coking coal, bauxite.'
in the first lot 74 blocks will be auctioned, but the number of mines a company can bid will be capped to avoid monopoly.
Rat-hole mining may be illegal but the talent and experience of rat-hole miners were used in the rescue operation to save the 41 workers trapped in the Silkyara tunnel, a National Disaster Management Authority member said on Tuesday.
Looking back, it appears that the first signs of the problem were visible when the policy on captive coal mining was formulated almost two decades ago.
The blocks are Kunur mine in West Bengal, Morga South A, Morga South B, Meguli mines and Phutamera in Chhattisgarh, Dahegaon Dhapewada and Kalambi Kalmeshwar blocks in Maharashtra, Karanpura Mahuamilan mine in Jharkhand.
The Supreme Court is expected to deliver its final verdict on coal mine allocations later this week.
Launching the auction of mines for commercial mining, that is expected to garner Rs 33,000 crore of capital investment in the country over next five to seven years, Modi said it not only marks the beginning of unlocking of the country's coal sector from the "lockdown of decades", but aims at making India the largest exporter of coal.
The BJP's constitution mandates that the party should complete the process of electing block, district and state chiefs before it elects its national president.
Tata Power, Sesa Sterlite and Hindustan Zinc likely to be hit.
Maalik is just unpleasant, not even slightly engaging, observes Deepa Gahlot.
The BJP is treading cautiously on the crucial land bill and will take it up only after the passage of the Mines and Coal bills in Rajya Sabha on Thursday.
The CBI on Monday questioned relatives of Trinamool Congress MP Abhishek Banerjee in connection with its investigation into the multi-crore coal pilferage case.
'This was earlier driven by industries and the commercial sector.'
After the government scaled up the power capacity addition target in the current Plan period multi-fold, NTPC embarked upon a major diversification drive in the entire energy chain.
Maiki South Mining Pvt Ltd has bagged the country's first lithium block in Chhattisgarh that was put up for sale, the government said on Monday. Meanwhile, the government cancelled the auction of 14 critical minerals that were on offer in the second round of auction. The Katghora lithium and rare earth elements (REE) block in Chhattisgarh was awarded to the company at an auction premium of 76.05 per cent.
The death toll from the second coal mine explosion in China in the last four days rose to 15, taking the toll in the twin accidents to 59.
Wondeful shots of African women and giraffes roaming Kenyan grasslands were judged the most outstanding photographs of the year.
'For 40 years, India valued only technical skills. IITs, coding -- that became everything.' 'Soft skills were sidelined. But those are the skills that will keep you employable now, not technical skills.'
The 15-member team, equipped with specialised diving equipment including a re-compression chamber and remotely operated vehicles capable of searching underwater, went straightway to the mine site in the remote Lumthari village in East Jaintia Hills district.
The Q2FY25 revenue for Coal India (CIL) was reported at Rs 30,700 crore (down 6 per cent year-on-year or Y-o-Y and 16 per cent sequentially). The blended average selling price was Rs 1,622/tonne (down 6 per cent Y-o-Y and 3 per cent quarter-on-quarter or Q-o-Q). Adjusted operating profit stood at Rs 7,200 crore (down 20 per cent Y-o-Y and 38 per cent Q-o-Q) due to lower-than-expected e-auction volumes and higher costs.
Critics and miners say lives are being sacrificed in the quest for energy.
Increasing cooperation in critical minerals will top Prime Minister Modi's agenda during his discussions with leaders of Ghana, Argentinia, Brazil and Namibia.
The officials said the body was spotted at a depth of more than 200 feet inside the "rat-hole" mine and naval divers brought it to its mouth.
Way before the rains arrived at Talwandi Sabo Power plant in Punjab, the one check the coal ministry was carrying out was the availability of coal stock with the generator. Talwandi Sabo Power Limited (TSPL), the 1,980-Mw thermal power plant of Sterlite Energy, part of the Vedanta Group, which supplies about 15 per cent of Punjab's power, is one of the most difficult locations to manage coal supplies. It is nearly 1,700 km from the mines of Mahanadi Coalfields in Odisha, the longest coal route in India and possibly the trickiest as it cuts through the traffic heavy rail lines between Delhi and eastern India.
A similar blast had devastated a coal mine in northwest China's Shaanxi province on Sunday, which killed 166 miners and injured over 40.
The RSS which catapulted Jagdeep Dhankar to national prominence after 21 years of hibernation could not come to his rescue when BJP higher ups decided to seek his resignation, points out Prakash Bhandari.
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Adani CEO Jeyakumar Janakraj said the Adani issue was not on the agenda of Jaitley's visit.
The story of the Bombay Stock Exchange and the people who shaped its growth: From wars and bomb blasts to speculators, reformers and wealth creators.
The Adani group struck first coal from its Carmichael, Australia project on Thursday and will start shipping to its customers according to schedule. With this, the project will not only lift the economic prospects of the hitherto barren Australian outback, but also help Indian power plants to source cheap coal. The project had faced protests from a section of population with several banks even refusing to fund it. The group, however, went ahead with the project which included construction of a brand new railway line connecting an Australian port to the mine -- situated 300 kilometers away in Queensland.
The miners were working beneath the shaft of Tengda, a township-run coal mine, when the flooding occurred around 0530 IST and have remained out of contact ever since, they added.
Jindal Power bagged 2 coal mines in Chhattisgarh.
Green and Indigenous groups in Australia have criticised the government's decision to grant new approval to Indian mining giant Adani's $16.5 billion controversial coal mine project in central Queensland.
Initiating the process of allocation of coal mines, the government on Monday invited proposals from PSUs for alloting 17 blocks to them, mostly for captive power plants.
Contrary to the CAG report, the true scam is not exclusive to the UPA, or one for which it bears the prime culpability. Rather, it's a collective or collusive scandal, with both the UPA-ruled Centre and the non-UPA states reaching a nice 'match fixing'-style arrangement to snatch away coal mines from public sector companies and allot coal-mining leases to shady business interests, says Praful Bidwai.
The maiden, critical mineral auction in India has failed to enthuse the mining industry, with the first tranche achieving less than a 50 per cent success rate and the auction of several mines was cancelled owing to low response. The results, announced by the Ministry of Mines on Monday, showed that six lesser-known companies emerged as preferred bidders. Among these were Agrasen Sponge, Kundan Gold Mines, Dalmia Bharat Refractories, Sagar Stone Industries, and Maiki South Mining.
Fada estimates that global supply chain headwinds like scarce availability of rare earth elements for electric vehicle components and geopolitical tensions may affect urban consumer sentiment in June as well.
The Coal Ministry has decided to constitute a six-member panel for valuation and assessment of the 42 running coal blocks which were deallocated by the Supreme Court.
Adani's plan to build one of the world's biggest coal mines has been hampered time and again.
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