R/€ = 16.27 Change: 0.04
R/$ = 15.00 Change: 0.13
Au 1643.00 $/oz Change: 11.31
Pt 972.06 $/oz Change: -9.43

Ajoy K Das

India’s Coal Ministry to fund CIL technical wing to increase exploration activity

21st February 2020 The Indian government has framed a scheme to offer funds to the technical and consultancy arm of State miner Coal India Limited (CIL) to expand exploration activities so that more fully explored coal blocks could be put up for auction for bidding by private miners. Under the scheme, Central... 

India’s NMDC firms up capex to lift production by 50%

18th February 2020 Indian State-run miner NMDC, the country’s largest iron-ore producer, has firmed up capital investments of $324-million to increase production by 50% to 48-million tons a year by the end of 2020/21. The State miner is committing higher capital expenditure (capex) and is significantly ramping up... 

India keen to import more coking coal from Russia and Mongolia

12th February 2020 In a bid to lower its import dependency on Australian coking coal, the Indian government has opened up bilateral government-to-government negotiations with Mongolia and Russia to ship greater volume of the dry fuel suitable for its domestic steel mills. Government officials say that talks focus... 

India employs UAVs to protect Chhattisgarh iron-ore mines

12th February 2020 The Indian government has beefed up security in the central state of Chhattisgarh to increase protection of iron-ore mining assets in the region from threats posed by ultra-left-wing extremists. Besides increasing deployment of central paramilitary personnel, the new security protocol is based on... 

FIMI urges lower upfront payment for India’s commercial coal blocks

7th February 2020 The Federation of Indian Mineral Industries (FIMI), the apex representative body of miners in the country, has sought a reduction in upfront payment at the auction of coal blocks for commercial mining. Submitting its comments on a discussion paper on the maiden auction of blocks for commercial... 

Coal India likely to miss production target

31st January 2020 State-run miner Coal India Limited (CIL) will miss its production target of 660-million tons for 2019/20, expecting to notch up production of 640-million tons by end of the current financial year on March 31, 2020. Production, however, will still be 5% higher than the 607-million tons achieved in... 

Indian mining leases too small to be sustainable – FIMI

31st January 2020 The size distribution of mining leases in India are so small that these neither sustainable, nor mined scientifically, according to Federation of Indian Mineral Industries (FIMI). According to data provided in a FIMI report, on March 31, 2017, there were 4 128 mining leases of major minerals... 

Ministry pushes for uniform natural gas tax regime in Indian Budget

30th January 2020 India’s Petroleum and Natural Gas Ministry is making a renewed bid to get natural gas, petroleum and allied products included in goods and services tax (GST) in the national Budget to be placed by the Finance Ministry before Parliament on February 1. When GST was introduced in July 2017, 17... 

Qatar not to accede to Indian demand seeking renegotiations of LNG contracts

30th January 2020 Qatar, the largest supplier of liquefied natural gas (LNG) to India, has turned down a request from the latter to renegotiate long-term supply contracts. India demanded that the pricing mechanism for LNG imported from Qatar, linked to crude oil, needed to be revisited and long-term contracts... 

Coal India gains environmental approvals for 17 projects

29th January 2020 The Indian government has accorded environmental clearances to 17 mining projects of State-run, Coal India Limited, paving the way for the miner to achieve production of one-billion tons a year. “These clearances will add 150-million tons a year to production of CIL and increase its washing... 

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