NCC rose 2.97% to Rs 110.95 at 9:35 IST on BSE after the company said its consortium with BGR Mining & Infra has received mine development contract from NTPC.
The Supreme Court on Tuesday extended the date for transportation of extracted and assessed coal in Meghalaya by another four months, bringing respite to coalminers.
Coal dispatches from state-run miner Coal India Ltd (CIL) to power sector improved by 18 per cent to 39.9 million tonnes in October, official data showed.
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.