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May 16, 2020· The is part of the Coal India Limited (CIL)'s target of 1 billion tons of coal production by 2023-24, in addition with those coming from private blocks. Seamless composite exploration-cum-mining-cum-production regime will be introduced in mineral sector and 500 blocks will .
The Coal Ministry has invited tenders for 18 coal blocks for captive mining by 'non-power' companies with six blocks exclusively reserved for the iron and steel industry, while cement, captive ...
This comes after a decision that the Modi government took in February 2018 that would allow auctions of coal-bearing blocks to private parties for commercial mining.
May 21, 2020· New Delhi: India will soon begin auction of coal blocks for commercial mining purpose as the Union cabinet led by Prime Minsiter Narendra Modi on Wednesday approved the methodology which puts an end to the monopoly of state-run Coal India. "The auction methodology based on revenue-sharing model has been approved by the Cabinet," sources said adding the formal announcement is .
May 16, 2020· The distinction between captive and non-captive mines. "Companies will be allowed to transfer the mining lease and sell unused minerals," the Minister added. "Hindalco shares are trading at ...
Mar 12, 2018· Under the old mining law, the states had the powers to grant the mining lease to any company as per their discretion. The 2015 mining law clearly states that if a company has already got the ML of a non-coal block for captive purposes, it can continue to mine it till the lease period ends.
Nov 13, 2018· Each share costs members €50 which means Power Mining Pool is guaranteeing 40 percent returns. Power Mining Pool is only one example of a Bitcoin cloud mining service riddled with red flags and warning signs. In fact, there are breadcrumbs of evidence linking Power Mining Pool to other operational Bitcoin cloud mining scams.
Jun 18, 2020· PM launches Auction process of Coal blocks for Commercial mining India has taken a major decision to fully open the coal and mining sectors for competition, capital, participation and technology : PM Coal sector reforms will make eastern and central India, our tribal belt in, pillars of development: PM Self-reliance is not possible without a strong mining and mineral sector: PM
Jul 27, 2020· Commercial mining regime with no demarcation of captive and non-captive will promote competitiveness of the mineral block auctions, further enhancing the transparency of the system. Joint auction of bauxite and coal will improve the efficacy of the aluminium industry, a strategic sector with use in infra, power, aerospace and defence.
May 17, 2020· A total of 500 mining blocks will be offered through an open and transparent auction process, with nearly 50 blocks to be offered immediately. .
Jun 22, 2020· Captive mining of small blocks, a decontrol move that was initiated in 1993 and continued right up to the coal scam, has been an inefficient process. ... leading to power .
May 25, 2020· New Delhi: Seeking to lift the long shadow cast by the cancellation of 204 coal blocks by the Supreme Court in August 2014, the Government of India recently announced its intent to permit commercial coal mining in India. Coal mining has remained a government monopoly since 1973. Baby steps were taken in 2015 to open the sector with a few coal mines being auctioned to captive end-users.
Aug 10, 2020· As India liberalised its economy in the 1990s, the government amended the law and allowed private companies in the power, steel, cement, aluminium sectors to mine coal for captive use – .
A bunch of captive coal blocks have also been allocated to state-owned power utilities. Like the state mining companies, these too lack the mining knowhow and, sometimes, even the financial wherewithal, and so they subcontract the mining of coal from their blocks to MDOs - mine developers and operators.
Oct 25, 2018· The coal ministry has invited tenders seeking bids for 18 captive coal blocks to non-power plants in Jharkhand, Madhya Pradesh, Maharashtra, West Bengal, Odisha and Chhattisgarh. "The successful bidder shall utilise a minimum of 75% of the actual production in the specified end use plants and is allowed to sell up to 25% of the actual ...
Sep 23, 2016· Let's try to understand this with NTPC context. NTPC use coal for its thermal power projects to produce electricity. NTPC has contracts with many companies like Coal India which produces coal and sell it to NTPC and takes huge money in return. Now...
Aug 03, 2020· However, the sector witnessed a major overhaul after the Supreme Court of India, in 2014, quashed allocation of 214 coal blocks cancelling nearly all existing permissions for the captive mining of coal blocks. The verdict set the ground for fresh legislation and reform in the coal industry. 2
Chhattisgarh State Power Generation Company Limited (CSPGCL) is proposing Paturia & Gidhmuri coal blocks by opencast mining with capacity of 5.6 MTPA at Hasdeo Arand Coalfield, Korba District, Chhattisgarh to meet requirement for the thermal power plant of capacity of 2 X 660 MW at Bhaiyathan in Chhattisgarh State.
Jun 18, 2020· NEW DELHI: Prime Minister Narendra Modi on Thursday kicked-off the auction process of coal blocks for commercial mining with an aim to achieve self .
WHEN THE SUPREME COURT, in a landmark decision in September 2014, cancelled nearly all existing permissions for the captive mining of coal blocks, it was seen as having halted the "Coalgate" scam. State-owned enterprises and private companies across the country were compelled to dissolve partnerships that most often favoured the corporate purse over the public good.
However, the sector witnessed a major overhaul after the Supreme Court of India, in 2014, quashed allocation of 214 coal blocks cancelling nearly all existing permissions for the captive mining of coal blocks. The verdict set the ground for fresh legislation and reform in the coal industry. 2
Jan 09, 2020· Captive coal blocks produced only 25.1 million tonne (MT) in FY19, much lower than the peak output of 43.2 MT in FY15 when the Supreme Court had .
Oct 26, 2018· Giving the break-up of blocks, the source said that of the 19 blocks, 13 mines would be auctioned in the sixth tranche for the regulated sectors, including iron and steel, cement aluminium, captive power plants. While in the seventh tranche, six coking coal blocks would be auctioned for iron and steel sector. "Obviously there is a demand for coal.
blocks, with geological reserves of about 15.7 billion tonnes, were earmarked for the power sector. Currently, the allocation coal mining blocks to companies, other than Coal India Ltd (CIL), is done either under the government company dispensation route4 or through the captive dispensation route. These blocks for power sector, have been further
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