The NLC sales come as New Delhi seeks to raise 500 billion rupees via selling assets in the fiscal year that began April 1, according to the interim budget presented by Finance Minister Nirmala Sitharaman in February.
While the aim is to have a very large chunk of energy derived from renewable sources, thermal power will not ride off into the sunset anytime soon. To meet the increasing demand for electricity, the government plans to substantially raise the amount of coal produced via underground mining.
Although Glencore is exiting the coal business, coal as a source of energy will take a long time to die. Demand for coal has yet to peak and may take years.
Exploration in India is mostly handled by government entities, while it is dominated by the private sector in other countries. There is a need for the government to introduce incentives to attract more private participation.
On 28 November, a 17-day-long ordeal came to an end when 41 workers trapped inside the Uttarkashi's Silkyara Tunnel, were pulled out by rescue teams. While the advanced machinery failed after a point of time to liberate trapped workers, rescuers resorted to the assistance of a banned or outlawed practice known as "rat-hole" mining. Rat-hole mining proved successful in reaching the trapped workers. So, what is it & how did it help in the rescue op?
Union Coal Secretary Amrit Lal Meena said that the Government of India has identified 30 mines where the coal mining has been over and coal companies have started a two-three-year exercise of closure.
He said the Union Ministry of Coal has provided approval for mining lease to four licence applicants that would lead to the commencement of scientific mining ensuring minimal environmental impact through sustainable and legally compliant extraction procedures.
In a major win for the environment, Australian environment minister Tanya Plibersek rejected a large-scale coal mining project proposal, stating that the irreversible damage that the reef would get exposed to wasn’t worth it
Pakri-Barwadih coal mine has also achieved the highest ever coal production of 12.24 lakh metric tonne for a month since its commencement.
In a written reply in the Rajya Sabha on March 28, the Minister informed that India's projected demand for coal is expected to increase by 63 per cent from the current demand.
With India’s largest coal mining project slated to come up in West Bengal, approximately 21,000 people will need to be relocated and rehabilitated.
The proposed mining in Kente Extension has been opposed by indigenous groups and local activists. A petition was also submitted before the Supreme Court in 2018 seeking cancellation of the coal block allocation.
Lingual experts opine that 'Bravus' doesn't even come close to the word brave, while is more accurately translated as 'crooked' or 'mercenary'.
At a time when we need massive afforestation, the government’s decision to further destroy the Dehing Patkai Wildlife Sanctuary and Elephant Reserve is alarming — and needs to be withdrawn
The BJP-led state government must not only realise the ecological fragility of the Dehing-Patkai Elephant Reserve but also swiftly act to stop any further degradation
Big-ticket reforms are expected bring in more capital, technology, transparency and global players
FDI policy fails to address key regulatory issues such as delay in environmental clearances and land acquisition and lack of availability of coal rakes.
In this episode of Editors Take, Sakshi gets in conversation with Moneycontrol Deputy Executive Editor Gaurav Choudhury explaining the reforms the government has brought in FDI and how it will help these sectors.
In a filing to BSE, it said its subsidiary, Talabira (Odisha) Mining Pvt Ltd (TOMPL), "has signed coal mining agreement (CMA) with NLC India Ltd alongwith the company for development and operation of Talabira II and III coal block...".
With the central and state utilities expected to invite bids for coal mining soon, domestic mine developer and operators will have a big growth opportunities, said India Ratings.
While the Coal Act appears to be well-intentioned, the haste to start with a clean slate led to some glaring omissions in the legal framework which appear to be getting addressed by the Courts.
"Deaocha Pachami coal block is the world's second largest reserves with two billion tonnes and shared by six entities including Bengal. Along with that, Bengal has tied up with Kudurmukh for iron ore deposit exploration in the state," state Finance Minister Amit Mitra said here today.
Speaking to CNBC-TV18 Vinod Aggarwal of Eicher Motors said tippers are doing brisk business for the company. He added that as domestic consumption increases, thanks to the Seventh Pay Commission hikes, it will help the commercial vehicle (CV) sector.
Investments to the tune of more than Rs 10 lakh crore would be required in coal mining and allied sectors like power, steel and cement to achieve the target of 1.5 billion tonnes of coal production by 2019-20, according to a report
In a presentation to a Parliamentary Consultative Committee attached to the Ministry of Coal, headed by Coal and Power Minister Piyush Goyal, Acharya said the company plans to go for coal mining and coal-based power generation in a big way, an official statement said.