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Ajoy K Das

New Indian mineral policy to sharpen focus on transparency, sustainability

22nd August 2017 The Indian government’s review of National Mineral Policy (NMP) 2008 and drafting of a new version aims to make “transparency, sustainability and conservation” the cornerstone of governance of the mining sector. The trigger for the deeper inculcation of these elements into mining sector... 

Coal India building new railway links to efficiently evacuate production

17th August 2017 Coal India Limited (CIL) is undertaking three critical railway infrastructure projects that will enable the miner to efficiently evacuate 282-million tons a year of production. According to a directors’ report of the company, the railway infrastructure projects form part of the miner’s ‘Synergy... 

India, Iran talks on Farzad B gasfields near breaking point

16th August 2017 The protracted negotiations between India and Iran on the Farzad B gasfields have come to a halt following a hardening of stance by both countries. No top level talks between officials of India and Iran have been held since the expiry of the last deadline of February, but official written... 

ONGC Videsh earmarks $1bn for oil production growth

16th August 2017 ONGC Videsh, the overseas arm of Indian exploration and production (E&P) major ONGC, is aiming to complete a $1-billion capital expenditure programme during the 2017/18 financial year. This investment spread across exploration, development and production will enable ONGC Videsh to achieve oil... 

Supreme Court verdict backing Odisha on illegal mining could have wider ramifications

10th August 2017 The Odisha provincial government, in eastern India, will recover $3.17-billion in penalties from mine owners for illegal mining and violating environmental laws. According to a senior official, the provincial government decided to issue notices to all mine owners to pay the penalty for the... 

GAIL throws lifeline to Kochi LNG as it restarts gas pipeline construction

8th August 2017 Gas infrastructure major GAIL India has started work on a stalled 438 km gas pipeline, throwing a lifeline to the Kochi liquefied natural gas (LNG) terminal, languishing at less than 10% capacity utilisation. GAIL last week officially restarted work on constructing the pipeline connecting Kochi... 

India to give captive mining definition more flexibility

7th August 2017 India’s Mines Ministry will put out draft amendments to the Mineral Auction Rules 2015, which will make it easier for bidders to participate in mineral block auctions and will also tweak the definition of captive mining. According to a Ministry official, the draft amendments will be published... 

Indian mineral production dips in May

27th July 2017 India’s index of mineral production during May 2017 fell 0.9% compared with the corresponding month of 2016, according to a statement of the Mines Ministry. The total value of mining and quarrying, excluding atomic and minor minerals, during May 2017, was pegged at an estimated $3.13-billion. 

India’s Coal Ministry to extend coal linkage offer to all IPPs

27th July 2017 India’s Coal Ministry has started the process of offering coal linkages to all independent power producers (IPPs) operating plants based on imported coal. Starting next month, the Ministry will auction coal linkages to imported coal-based IPPs that do not have power purchase agreements (PPAs)... 

India likely to defer selling stake in country’s largest miner

25th July 2017 Fearing poor valuations owing to lower production and offtake, the Indian government is likely to defer plans to divest holdings in Coal India Limited (CIL). The government had planned to sell a 10% equity stake in the current financial year, but indications are that this will be deferred until... 

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