Mines Ministry extends leases of govt firms
Ahead of auction of non-coal minerals, the Mines Ministry has extended the leases of government companies which had applied for renewal in time.
Feb 08, 2015, 11:49 AM IST
Odisha taking steps to expedite coal block development: Secretary
The state government has already formed one SPV for construction of railway lines in Talcher Coal Block area.
Feb 07, 2015, 21:39 PM IST
Adani's coal mine project hit by ownership controversy
Indian mining giant Adani's 16 billion dollar mining project in Australia's Queensland state has been hit by another controversy over the ultimate ownership of the Abbot Point Port lease which reportedly could be controlled by a complex network of companies.
Feb 07, 2015, 15:17 PM IST
HC to hear GVK Power plea against Coal Ordinance
Delhi High Court Monday agreed to hear GVK Power Ltd's plea challenging provisions of the 2014 Coal Ordinance on the grounds that it was aggrieved at the "arbitrary" determination of compensation for its mining infrastructure which was much lower than it expected.
Feb 02, 2015, 22:14 PM IST
Coal scam: Court to hear arguments on charges from Feb 16
A special court would begin daily hearings from February 16 on arguments regarding framing of charges in a coal block allocation case in which CBI has chargesheeted two top officials of Jharkhand Ispat Pvt Ltd (JIPL) and others as accused.
Feb 02, 2015, 18:09 PM IST
Coal auction: 6-member panel to determine technical eligibility
Government will constitute a panel to determine technical eligibility of bidders for coal mines in the upcoming auction.
Feb 02, 2015, 17:32 PM IST
Coal India January output at 46.6 MT, misses target by 7%
CIL also missed its output target of 403.56 MT for the first 10 months of the current fiscal and produced 388.98 MT of coal during April-January period.
Feb 02, 2015, 15:29 PM IST
Coal unions warn of 'non-cooperation' drive on CIL divestment
A decision in this regard would be taken by the central trade unions of coal industry during a meeting expected to be called in a couple of days, a senior union leader said.
Feb 01, 2015, 12:14 PM IST
Coal India production jumps 6%, focus on evacuation
"Evacuation is growing at 3.5 percent while, production is growing at more than 6.7 percent till January 6 this year. Unless there is evacuation, what is the point in production," Coal India Chairman Suthirtha Bhattacharya said.
Feb 01, 2015, 10:26 AM IST
Coal India's base issue size of 5% fully covered
The government`s sale of a 5 percent stake in Coal India Ltd was fully covered by 2.33 p.m. on Friday, data from stock exchanges showed. The offering has a green shoe option, or provision to sell an additional stake of 5 percent.
Jan 30, 2015, 15:22 PM IST
CIL down 4% as floor price for stake sale set at a discount
The retail category of 12.63 crore shares got bids for over 7.20 lakh shares (0.57 percent). The general category of over 50.53 crore shares were subscribed nearly 0.75 percent.
Jan 30, 2015, 12:19 PM IST
CIL stake sale begins; shares tank nearly 4% in early trade
The retail category of 12.63 crore shares got bids for over 7.20 lakh shares (0.57 percent). The general category of over 50.53 crore shares were subscribed nearly 0.75 percent.
Jan 30, 2015, 11:26 AM IST
CIL stake sale today; government eyes Rs 22,600 cr
The floor price was fixed on Thursday at a discount of about 5 percent from the current market price of Coal India (CIL), where the government presently holds nearly 90 percent stake.
Jan 30, 2015, 08:48 AM IST
A section of CIL unions oppose stake sale
Nathulal Pandey, president of HMS-affiliated Hind Khadan Mazdoor Federation said the union opposes the government's move in a very strong manner.
Jan 29, 2015, 15:54 PM IST
Coal auction: Govt extends last date for technical bid to Feb 3
The government has extended the last date to February 3 for submission of technical bid for coal block auction.
Jan 28, 2015, 19:32 PM IST
Coal auction to generate over $100 billion for states: Goyal
Asserting that investors have no concern about ordinance route being adopted for coal auction, Coal and Power Minister Piyush Goyal said the entire process would generate over USD 100 billion in royalties and auction proceeds for various states.
Jan 24, 2015, 16:23 PM IST
PSUs to pay Rs 100-150/tonne on coal besides upfront payment
State-owned entities will have to pay up to Rs 150 per tonne of extracted coal as royalty and monthly payments in addition to the upfront amount, the government said on Thursday as it kickstarted the allocation process for 36 mines to PSUs.
Jan 22, 2015, 16:59 PM IST
Coal scam: Court to consider CBI's final report on Jan 30
A Delhi court Wednesday fixed January 30 for considering a supplementary report of the CBI regarding the role of public servants who were allegedly involved in allocating coal block to Nagpur-based AMR Iron and Steel Pvt Ltd.
Jan 21, 2015, 19:22 PM IST
Coal scam: Former PM Manmohan Singh examined by CBI
According to informed sources, a team of CBI officials "examined" the former Prime Minister at his residence two days ago ahead of the filing of status report before a special CBI court by January 27.
Jan 20, 2015, 22:11 PM IST
Govt may auction coal linkages; forms inter-ministerial panel
Government is now mulling auctioning coal linkages through the competitive bidding route and has also constituted an inter-ministerial panel to look into various models to implement it, a move aimed at bringing greater transparency in the allotment of linkages.
Jan 15, 2015, 14:00 PM IST
