Even when it announced a new policy on allocating coal mines, in response to the Supreme Court cancelling existing licences due to non-transparent methods of allocation
The government on Wednesday said issues like delays in land acquisition, court cases and financial distress of the companies who were allotted coal blocks have impacted development plans of some of the 84 mines that were auctioned.
From 10,000 to 1.45 lakh footfalls in 2 years: Coal mines become major tourist attractions in Maharashtra
Coal mines have become major tourist attractions in Maharashtra, all thanks to the changing perception which has generated interest in the life of the miners, reports BusinessLine.
After the cancellation of coal mines auction twice, the government is exploring certain relaxations for bidders and plans to put on sale 19 blocks in the current quarter, a top official has said.
Forty-two months after the Supreme Court cancelled 204 captive coal block licences saying these had been allocated in an illegal and arbitrary manner, production from these blocks are far below the level before the court’s decision.
The country’s merchant mining sector is staring at a major disruption as mining leases (MLs) of 348 non-coal mines, which are assigned for non-captive purposes, are going to expire at one go on March 31, 2020.
Tourism got a shot in the arm as the gates of coal mines in Yavatmal district were recently opened to public, which were otherwise restricted to those working in the field.
Union Minister of Railways and Coal Piyush Goyal in a written reply to a question in Rajya Sabha informed the upper house that under the provisions of the Coal Mines (Special Provisions) Act, 2015, auction of coal mines is conducted in an electronic platform through a transparent mechanism.
The Indian conglomerate trying to build one of the world’s largest coal mines has already had its own funding bid for a rail line stymied by the Queensland state government.
The government today said state-owned Coal India is hunting potential avenues for buying stakes in coking coal blocks overseas.