R/€ = 14.80 Change: 0.05
R/$ = 12.04 Change: 0.08
Au 1340.94 $/oz Change: 10.28
Pt 1008.00 $/oz Change: -8.20

Ajoy K Das

India to revamp coal block auction process

22nd January 2018 India’s Coal Ministry has initiated a revamp of the coal block auction process following the cancellation of two bidding rounds last year, owing to a poor response from non-power companies. The Ministry has set up a committee to prepare a report suggesting changes in the auction model and expects... 

India mulls incentives policy for adoption of enhanced recovery methods at oil-, gasfields

18th January 2018 The Indian government is working on a policy framework to offer incentives for the adoption of enhanced oil recovery (EOR) and enhanced gas recovery (EGR) methods at all operating oil- and gasfields across the country. The draft policy in circulation among industry stakeholders notes that the... 

India resumes oil and gas block auctions after eight-year hiatus

17th January 2018 India will on Thursday hold its first oil and gas auction in eight years, with 55 blocks up for grabs. The auction will also mark the first time that such assets will be allocated under the newly framed Open Acreage Licensing Program (OALP). 

India to review coal blocks identified for allocation

16th January 2018 India’s Coal Ministry will undertake a fresh review of 117 coal blocks that were identified in 2014 for development. A committee, comprising representatives of the Coal Ministry, government-owned miner Coal India Limited and its consultancy arm, has been appointed to “identify coal and lignite... 

India’s draft national mineral policy proposes exploration incentives

15th January 2018 India’s Mines Ministry has unveiled the draft National Mineral Policy (NMP) 2018, which proposes to offer mineral exploration companies the right of first refusal at the auction of any area explored by them. The draft NMP, which is now open for feedback from industry and stakeholders, maintains... 

India’s mineral output at risk as leases are set to expire

9th January 2018 With 348 noncoal mining leases set to expire in 2020 and a lack of preparedness by provincial governments in holding fresh auctions, the country’s mineral production in the next few years is at serious risk. The Federation of Indian Mineral Industries, the apex representative body of miners, has... 

Coal India to chase higher production target despite falling short on 2017/18 goal

9th January 2018 Despite trends indicating that Coal India Limited (CIL) has missed its production target in the current financial year, the Indian government has fixed a higher target for the country’s largest miner for 2018/19. Provisional data released indicated that during April to December 2017, CIL produced... 

Odisha rules out extension of deadline for payment of illegal mining penalty

15th December 2017 With the Supreme Court set deadline of December 31, to recover dues and penalties for illegal mining in eastern province of Odisha fast approaching, the government has ruled out any extension of the deadline or recalculation of the penalties recoverable from liable miners. Officials in Odisha... 

India faces surge in coal imports over next three months

15th December 2017 Indian coal imports is likely to gain further momentum during the next three months, reversing a falling trend seen early in the financial year as more user industries are planning to up inward shipments to feed their fuel-starved captive power plants. Several companies in the chemicals, medium... 

India’s national oil, gas firms likely to get higher prices for gas from ‘difficult’ projects

14th December 2017 India’s Petroleum and Natural Gas Ministry has forwarded a proposal for approval of the Union Cabinet that will more than double the price of natural gas produced by national oil, gas exploration and production (E&Ps) companies from fields categorised as “difficult”. However, contrary to demands... 

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