The company is currently developing the Mmamabula Energy Complex -- a mining, power and potential coal-to-hydrocarbons facility -- in the landlocked southern African country of Botswana.
Exceptions were made for ultra-mega power plants, such as the one at Sasan, which the court observed were not under consideration, and for coal blocks attached to the power and steel companies controlled by the central government.
Tata Steel has built an iron ore chest of nearly 600 million tonnes (mt) and will look for more as it prepares for life beyond 2030 when its legacy captive mines come up for auction. The lease for four of its existing iron ore mines -- Joda East, Noamundi, Katamati, and Khondbond -- that feed the domestic operation with low-cost iron ore is going to expire in 2030, following changes in mining regulations. The year will also coincide with Tata Steel's ambitious target of doubling steelmaking capacity in India to 40 mt, increasing the need for iron ore. The company is pushing the pedal to ensure that it has enough resources to meet enhanced needs.
The agreement was signed on Tuesday at state's Isaac Regional Council meeting.
Arguably the 'most talked about' rescue mission in recent years, the story of a Thai youth soccer team and their coach trapped in the Tham Luang Cave, prompting a global rescue effort, gripped the world.
One person was killed and three were feared dead after a mishap at an underground mine at BCCL's Basantimata colliery in Dhanbad district.
Aditya Aluminium project ready but clearances still stuck for mine
The Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-600 million (Rs 2,500-2,735 crore). Trinity is owned by private equity investment firm Denham Capital Management.
Coal India's foreign-venture arm Coal Videsh chief general manager Phalguni Guha said he expected the deal with Peabody to be finalised in the next 'few months'.
Six persons were rescued after being trapped in an abandoned coal mine at Jamuria in Asansol-Raniganj belt in Burdwan district on Saturday evening.
A bill to allow the private sector to mine six atomic minerals, including lithium, and deep-seated minerals like gold and silver was approved by the Lok Sabha on Friday.
The two-day old strike by coal workers across India was on Wednesday called off with the government and the unions reaching an agreement after a marathon meeting.
ArcelorMittal, Anglo Australian major Rio Tinto, Hyderabad-based GVK Power & Infrastructure, Essar Mineral Resources and JSW Steel are among 10 prominent corporations in a shortlist to develop 18 abandoned coal mines owned by state-owned Coal India Ltd and its eight subsidiaries.
"Less than two week back, we faced a set of allegations from the US about compliance practices. This is not the first time we have faced such challenges. What I can tell you is that every attack makes us stronger," he said addressing the 51st Gems and Jewellery Award in Jaipur.
Reliance Capital Asset Management Company (RCAM) and ICICI Securities Primary Dealership have been selected to manage Rs 60,000 crore (Rs 600 billion) provident fund corpus of coal industry workers.
Adani's Carmichael project has been stuck in the approvals process for the past five years.
India offers policy stability, transparency and consultative process of governance to incubate investment, Finance Minister Nirmala Sitharaman said on Thursday as she invited investments in prospecting energy resources in the country. Stressing that there is a need for investments in coal, she said, "We need greater investments also to help in gasification of coal. I invite all of you to energetically participate in the (sixth round of commercial mines) auction processes which have been launched today and keep your options also further extended for greater extraction of minerals in India." During this 'Amrit Kaal', India needs all the basic minerals as the country is in the process of rapid growth, she added.
Sources in the group said it was exploring the opportunities in Indonesia for acquiring coal blocks as well.
The coal ministry is likely to begin next week issuing deallocation letters to private firms whose mines were cancelled and those where bank guarantees were deducted for sitting idle on mines given to them for captive use, Coal Minister Sriprakash Jaiswal on Monday said.
In the second and final part of this interview, energy and coal industry expert Sunjoy Joshi tells Sheela Bhatt/Rediff.com that we need to take a comprehensive view of the entire energy sector and how piecemeal reform won't take us very far.
In a miraculous rescue operation, 114 trapped workers were pulled out alive from a flooded mine in north China, nine days after water gushed into it, even as search continued for the 39 missing persons.
The gas blast occurred at 1450 hours on Monday at the No 3316 working face of Sunjiawan colliery about 242 metres underground, vice-general manager of the Fuxin coal industry group, Zhang Yunfu said.
The coal-gate involving Prime Minister Manmohan Singh in allocation of the coal mines to private parties is set to put Parliament on fire beginning its monsoon session on Wednesday as the CAG report is ready for presentation which will provide ammunition to opposition to fire at the government for the massive scam.
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The award of more than 200 coal blocks to steel, cement and power companies has been at the centre of the so-called "Coalgate" scandal.
The company has battled opposition from green groups since starting work on the project five years ago
After climbing to a record high of Rs 523 on September 30, shares of commodity major Vedanta have come off over 15 per cent amid a fall in the overall markets. The Anil Agarwal-led firm's latest slump comes after its stock price doubled over the past one year. Is it a blip or a trend reversal?
The PM-elect wants to fix the coal sector; cut coal imports by boosting output.
In a bid to break the monopoly of public sector coal companies, the government is planning to permit private coal mining companies to sell the commodity, thus overcoming the need for legislative changes.
At the Silkyara tunnel in Uttarkashi, at least 12 experts have been called by Trenchless Engineering Services Private Limited and Navayuga Engineers Private limited for applying the rat-hole mining technique horizontally in the collapsed part of the main structure.
Since the court had earlier questioned distribution of mining rights through the screening committee route, experts say the solution worked out would be weighed on the basis of legality.
The Solicitor General had told the bench that several members of the National Disaster Response Force were working at the site and instead of the army, the government has sent navy personnel there as the mine was submerged in water.
'Trump is good news for us. Energy poverty is real, and fossil fuels are the answer.'
Of these 36 coal blocks, one mine will be given to the steel sector while the rest will be given to the power sector.
Prabhu-led advisory group also suggests JVs with mining and infra firms.
Hemant Soren, the youngest chief minister of Jharkhand, has navigated a tumultuous political journey marked by legal battles, party rivalries, and personal setbacks. Despite facing challenges, he has emerged as a powerful advocate for the rights of tribal communities, earning his place as a formidable figure in the state's political landscape. This article explores his rise to power, his leadership style, and the key initiatives he has undertaken for the betterment of Jharkhand.
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The project was opposed by green groups and local residents.
Parliament in the Australian state of Queensland agreed on Tuesday that India's Adani Enterprises Ltd should be granted "all state government approvals" to build one of the world's biggest coal mines.
Faced with one setback after another in expanding the scope of mining in the country, almost all the major miners of the world have wound down their operations in India.
Bharatiya Janata Party leaders Sushma Swaraj and Arun Jaitley claimed on Thursday that Prime Minister Manmohan Singh has to be directly blamed for the huge loss to the exchequer in allotment of coal mines. Swaraj said the PM can't be shielded behind ministers like A Raja or P Chidambaram as he did in the 2G spectrum scam.
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