The Cabinet Committee on Economic Affairs (CCEA) may soon take a call on the methodology for allocation of coal mines for commercial mining, an official source said.
After the end of the monsoon season, iron ore extraction activity has started in Goa but the pace has been slow.
Coal India is talking to the railways to increase rake loading from an average of 216 so far since April to 250 by the end of the fiscal year, as it seeks to meet increased demand with both power and non-power sectors facing a short-supply of the dry fuel.
New National Mineral Policy: Steel Ministry pins transport infrastructure, high royalty as focus points
Slashing the royalty rates charged on mineral production; discouraging road transport of minerals and increasing the share of rail transportation
Seeking PMO’s intervention for adequate coal supply to the aluminium industry, key players have said the shortages have put 7.5 lakh jobs in the sector at risk and investments are bogged down by a heavy debt load of Rs 70,000 crore.
Botswana coalproducer Minergy plans to list in London next year to give it access to a pool of capital that it could tap at a later date to fund its expansion, it said on Friday.
IAS officer Rajiv Yaduvanshi, who had earlier served as the Principal Secretary of the Mines Department in Goa, was today questioned here by the Special Investigation Team (SIT) of crime branch in connection with the illegal mining case in the coastal state.
Minerals worth at least Rs50,000 crore can be auctioned from 13-15 blocks in the remaining four months of the current fiscal with the upcoming proposed amendments in the auctioning rules, a top official of the ministry of mines said.
Coal Secretary Susheel Kumar on Wednesday said the government is weighing measures to bring auctioned captive coal blocks into operation.
Auction of reserves selected for commercial mining is likely to be completed by the end of March, and this is likely to end state-owned Coal India’s near monopoly in the domestic market.