Sriprakash Jaiswal

S Narsing Rao emphasised the need for regulatory relaxation for underground mining as impact on surface is minimal compared to open cast mining.

Govt allows Coal India to produce gas from coal seams

The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh, allowed Coal India (CIL), the world's largest coal miner, to explore and produce coal-bed methane (CBM) in its existing mines, Coal Minister Sriprakash Jaiswal said.

'Coal blocks auction to definitely take place this fiscal'

The government, which was initially planning to auction six mines in the first tranche, is targeting to auction 10 blocks now, an official had earlier said.

Coal blocks auction may be delayed further to March

The Coal Ministry has asked CMPDIL, the mine planning and consultancy company of Coal India, to assess the reserves of four more mines and submit its report by next year, the official added.

CIL stake sale likely in November or December: Jaiswal

To woo foreign investors for Coal India stake sale, the disinvestment department (DoD) has embarked on a roadshow spanning across five nations, including Germany and the UK.

Jaiswal labels ex-coal secy Parakh as 'Sheikh Chilli'

Sriprakash Jaiswal today said he is satisfied with PMO statement on Hindalco coal block allocation.

PM doesn't need certificate of honesty from anyone: Jaiswal

Opposition BJP has demanded Prime Minister's resignation following allegation by former Coal Secretary PC Parakh that Singh knew of the coal blocks being allocated to companies like Hindalco and he too should be named as a "conspirator" and made an "accused".

Auction of coal blocks likely in December: Jaiswal

Last month, the Cabinet had approved the methodology for auctioning coal blocks, providing for upfront and production-linked payments and benchmarking of coal sale prices.

Govt targets coal block auction by Dec

The government has set a target to auction at least six coal blocks to private firms by December.

India approves 1st ever coal block auction for private cos

Coal mining licences used to be allocated on recommendations of a panel of top bureaucrats across ministries, but the federal auditor censured the process last year saying it lacked "transparency" and probably deprived the government of billions of dollars of potential revenue between 2004 and 2011.

Coal India strike call against trade union consensus: INMF

Earlier this week, the All India Coal Workers' Federation (AICWF) had served notice to Coal India for a strike starting on September 19 against the government's proposal to divest a 5 percent stake in the state-owned company.

Government hopeful of 5%-divestment in CIL

The coal ministry on Wednesday expressed hope of getting the go ahead for divestment of 5-percent stake in Coal India Ltd that could raise Rs 10,000 crore for the exchequer, despite a section of the trade unions opposing the decision.

Coal block auction in two months: Jaiswal

Union Coal minister Sriprakash Jaiswal today said the coal block auction is likely to be held in the next two months.

Coalmin to look into issue of missing files sought by CBI

Coal ministry said that it will look into the issue of crucial files of mine block allocation going missing. It also said that it will ascertain whether any such file was missing or not made available to the investigating agency.

CIL to install GPS tracking system in major mines by March

"Coal India Ltd may install GPS based tracking of transportation of coal by March 31, 2014," a Coal Ministry official said. Tenders have been floated for installing the tracking system, he added.

Coal Regulatory Authority Bill to seek Cabinet nod soon

"A Group of Ministers constituted by the Cabinet discussed the draft bill in detail and has forwarded the final draft to the Cabinet for approval," said Coal Minister Sriprakash Jaiswal

Allocation of 17 coal mines to PSUs to finish soon: Govt

The government today said allocation of 17 coal blocks to PSUs will be completed shortly and some such allotment for private sector is also in the pipeline.

Coal India FPO not on agenda right now: Coal Minister

The government had mulled offloading around 10 percent stake in the PSU company to meet half of the divestment target of 2013-14 in one go.

GoM approves Coal Regulatory Authority Bill

The Coal Regulatory Authority Bill was approved by the Group of Ministers to set up an independent regulatory authority for the coal sector.

Power Min to meet Coal Min this week on fuel supply

Power Minister Jyotiraditya Scindia will meet Coal Minister Sriprakash Jaiswal this week to discuss fuel supply issues, including price pooling.

Cabinet to take a call on UG coal gasification policy soon

With the country facing acute fuel shortage, the Cabinet Committee on Economic Affairs (CCEA) may soon take a call on forming a new policy on underground coal gasification.

Only 48 power cos sign fuel supply pacts with Coal India

Only 48 power producers have inked fuel supply pacts with state-run Coal India so far, even as the second deadline set by the Prime Minister's Office (PMO) for signing these agreements ended last week.

Coal regulatory authority to be set up soon

The government today said it will soon appoint a coal regulator to monitor the fuel pricing, sampling and other practices in the sector.

Acquire coal mines abroad to meet energy need: Jaiswal

Amid the country facing acute coal shortages, the government today said acquisition of coal mines overseas should be done in an aggressive manner to meet the energy requirements.

Single FSA for PSUs and private coal consumers

There would a single "Fuel Supply Agreement" (FSA) draft for both public and private sector power companies seeking coal from Coal India Ltd.