Coal Mine News

Bids received only 20 coal mines out of the 88 blocks offered under the third round of auction

Bravus Mining and Resources CEO David Boshoff said Bravus had already secured customers for the 10 million tonnes per annum of coal produced at the Carmichael Mine

Almost 65% of bidders were from the 'non-end user' category like real estate, infrastructure, pharma, Coal Minister Pralhad Joshi said

The world's largest coal miner's production fell to 573,000 tonnes per day over the three days, compared to June average output of 1.29 million tonnes per dayOfftake by customers, such as power generators, fell nearly 62% to an average of about 536,000 tonnes per day

The amendments in the laws would offer unexplored and partially explored coal blocks for mining through prospecting license-cum-mining leaseThe amendments will allow FDI in the coal mining sector by removing the restriction and eligibility criteria for participation

The Mineral Laws (Amendment) Ordinance, 2020, will end the restrictive end-use criterion for coal-mine block allocations

Of the total revenue garnered till 31 October, the maximum of ₹1,280.58 crore was mopped up in 2018-19Under Coal Mines (Special Provisions) Act, 2015, 31 mines have been allocated through auction so far

100% FDI under automatic route in coal mining and associated infrastructure has been approvedAllocation of coal mines will only be done through auctions and even after winning the auction, a miner has to acquire the necessary land for operations

South Asian economy will allow 100% foreign direct investment in mining and sale of coal, said trade minister Piyush GoyalCoal India rose as much 2.5% today

Queensland approved Adani’s plans to manage groundwater and protect an endangered bird speciesAdani group’s project in the Galilee Basin is expected to dig up 10 million tonnes of coal every year