R/€ = 14.78 Change: -0.01
R/$ = 11.97 Change: -0.04
Au 1346.64 $/oz Change: 0.46
Pt 936.00 $/oz Change: -7.63

Ajoy K Das

Coal India earmarks corpus for CBM foray

17th April 2018 State-owned Coal India Limited (CIL) has earmarked $462-million for its foray into exploration and production of coal-bed methane (CBM), following government’s announcement that it will relax rules to allow the company to exploit the resource. Though plans are yet to be finalised, sources have... 

Coal India to scout for global CBM technology, production partner

12th April 2018 With India’s Cabinet Committee for Economic Affairs (CCEA) on Wednesday liberalising rules for coalbed methane (CBM), Coal India Limited (CIL) will shortly start scouting for global technology and production partners to extract the gas from coal blocks that it holds. While detailed search plans... 

India proposes bringing LNG terminals within the PNGRB regulatory framework

11th April 2018 India’s upstream oil and gas sector regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), has proposed to bring all new liquefied natural gas (LNG) storage and regasification projects under its regulatory framework. The regulator’s draft 'Petroleum and Natural Gas Regulatory Board... 

Government, trade union talks fail to avert proposed Coal India strike

10th April 2018 The Indian government’s assurance that State-owned Coal India Limited (CIL) will “maintain its dominant industry position” after coal mining is opened up to private companies has failed to placate workers and more trade unions have joined the planned strike on April 19. CIL workers have been... 

Coal India lines up logistics investment to reduce transportation dependency

4th April 2018 Starting the new financial year with a shift in focus from coal production to distribution and supplies, State-owned miner Coal India Limited (CIL) will invest $3.08-billion over the next five years to achieve full self-sufficiency in transportation of the dry fuel. Coal Minister Piyush Goyal... 

Indian Mines Ministry pushes for expedited process towards timely auctions

29th March 2018 The Indian government has set a deadline of April 1 next year for the completion of general exploration by 288 merchant mining leases that are slated to expire on March 31, 2020. In a statement, the Mines Ministry said that the auction process for these leases has to be initiated well in... 

Indian sand mining framework suggest ‘manufactured sand’ and imports to bridge supply gap

29th March 2018 Indian demand for sand, categorised as a ‘minor mineral’, has been estimated at about 700-million tons a year and is growing by 6% to 7% a year, according to a Sand Mining Framework document of the Mines Ministry. The document; however, does not give any estimation of supplies, but acknowledges a... 

India extends last date of auction bids for oil and gas fields

28th March 2018 Expecting greater response from international oil and gas exploration and production (E&P) majors, the Indian government has extended by a month the last date for submission of bids for 55 oil and gas blocks under the newly framed Open Acreage Licensing Policy (OALP). Government officials said... 

India mulls risky tweaking of laws defining illegal mining

28th March 2018 In view of a spate of court-imposed penalties for illegal mining, the Indian government is working on tweaking the definition of ‘illegal mining’ risking a political and legal minefield. While no official details on the possible changes in definition of illegal mining have been announced,... 

NLC India appoints Adani subsidiary as MDO for Odisha coal blocks

27th March 2018 NLC India (formerly Neyveli Lignite Corporation) has signed up Adani Enterprises’ subsidiary Talabira Odisha Mining Private as the mine-developer operator (MDO) for the Talabira II and Talabira III coal blocks in Odisha. In a regulatory filing, Adani Enterprises said that it had “signed a coal... 

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