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Read more about CoalMin targets projects worth Rs 41K-crore for asset monetisation on Business Standard. These projects include coal washeries, coal gasification, first-mile connectivity for building coal silos/mechanised loading, offering mines to private firms under mine developer and operator model ....
An Indian Railways train carrying coal. (representative image) (Ramesh Pathania/Mint via Getty Images) Following the liberalisation and opening up of the domestic coal mining sector as a part of its Atmanirbhar Bharat policy push, the government is now looking at opening up of the coal marketing in a bid to unleash the sector s potential, Emphasising on the need of opening up coal marketing, Union Coal Secretary Anil Kumar Jain said, Itâs about time that coal marketing was opened up. All the knots, which have tied up coal linkages, Power Purchase Agreements (PPAs), Fuel Supply Agreements (FSAs) and bidding have to be opened up. ....
The Union Cabinet is learnt to have approved a reform package for the mineral mining sector which would entail amendments to three existing laws, pricing formula for minerals, exploration of mines and several taxes and duties levied on mining. Officials said this is expected to boost production and private investment in the sector. The Centre has removed the distinction between captive (self-use) and merchant (commercial sale) mines. The Centre would amend the Mines and Minerals (Development and Regulation) Act, 1957 (MMDRA) to enforce the reforms. Senior officials said the amended MMDRA would be placed in Parliament in the upcoming session. Under the proposed reforms, captive mines would be allowed to sell 50 per cent of the minerals excavated in a year. The Centre has also proposed to give 50 per cent rebate in the quoted revenue share, for the quantity of mineral produced and dispatched earlier than scheduled date of production ....
Synopsis Joshi said some groups often irresponsibly argue to shun coal, without assessing its implications. He said the second tranche of commercial coal mining will begin this month, he said at an event to mark signing of agreements for pilot commercial coal mining blocks and launch of single window clearance portal. New Delhi: India should not crush its energy aspirations in quest to follow the West, coal minister Pralhad Joshi said on Monday adding the country should make maximum use of its coal reserves while shifting to cleaner forms of energy. Joshi said some groups often irresponsibly argue to shun coal, without assessing its implications. ....