Coal Mining

CIL arm WCL slashes coal auction floor price for specific mines by 10%; move will help consumers

Western Coalfields Ltd (WCL), a subsidiary of Coal India, has slashed the coal auction floor price of specific mines by 10 percent, a statement said

Govt further opens up coal mining; allows non-coal cos to bid, removes end-use restriction

In a bid to attract investments and boost domestic coal production, the government on Wednesday approved promulgation of an ordinance to open up coal mining in the country to non-coal companies while removing restrictions on end-use of the fuel

Coal allocation by CIL to power sector under e-auction drops 23% to 16.95 million tonnes in April-November

State-owned Coal India allocated 16.95 million tonnes (MT) of the dry fuel under special forward e-auction to the power sector in the April-November period of this fiscal, down 22.6 percent over the year-ago period

Miners lobbying against govt proposal to link new coal index to international prices; fear move will dent local coal’s competitiveness

Indian miners are lobbying against a government proposal to link a new coal index to international prices, which could delay creation of the index

'Complete strike' at Coal India, Singareni mines against Centre's decision to allow 100% FDI, claim trade unions

Trade unions on Tuesday claimed that production and dispatch has come to a "complete halt" at the mines of Coal India Ltd and Singareni Collieries Company Ltd, owing to the one-day strike against the Centre's decision to allow 100 percent FDI in coal mining

Govt to invite global players for roll out of commercial coal mining auction plan by December

In a bid to liberalise the coal sector, the government is planning to invite global players for the roll-out of auction plan for commercial mining by December this year, Union Minister Pralhad Joshi said on Thursday

Govt to invite bids from global coal miners before end of 2019, move aims at reducing import bill

Coal imports are surging after the government failed to open the industry to competition, despite having passed a liberalization policy 19 months ago.

Govt notifies FDI relaxation norms in coal mining, contract manufacturing, single-brand retail

The Department for Promotion of Industry and Internal Trade (DPIIT) on Wednesday notified the recent decisions to relax foreign direct investment (FDI) norms in sectors such as coal mining, contract manufacturing, and single-brand retail trading

FDI up 28% to $16.33 bn in April-June 2019 quarter; Singapore emerges largest source of foreign investment

Foreign direct investment into India grew by 28 percent to $16.33 billion during the first quarter of the current fiscal, according to government data

India will overtake China as largest importer of coking coal by 2025; consumption to grow at 5.4% annually: Fitch

India will overtake China as the largest importer of coking coal by 2025, Fitch Solutions Macro Research said on Friday