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.
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.
State-run Singareni Collieries would start 12 new coal mines, Telangana Chief Minister K Chandrasekhar Rao said in the assembly today.
State-owned Neyveli Lignite Corporation has invited global and domestic firms to develop and operate its two coalmines with a production capacity of 20 MTPA in Odisha.