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Friday, 20 September 19
INDIA TO INVITE BIDS FOR COMMERCIAL COAL MINING IN DECEMBER - MINISTER FOR COAL
India aims to begin the process of holding the first round of commercial coal mining auctions December end, Minister for Coal, Mines and Parliamentary Affairs, Pralhad Joshi said on Thursday, as reported by The Hindu Business Line.
 
According to The Hindu Business Line, speaking to reporters at the sidelines of the National Geoscience Awards 2018 prize distribution ceremony, Joshi said, “Foreign Direct Investment has been approved in the coal mining sector. This will lead to more investments and technology. This will also be a big boost to address the shortcomings we have in the coal mining sector. By December or so, we are planning to offer blocks for a 100 per cent commercial coal mining.”
 
In a bid to boost production, the centre allowed private companies to mine coal for commercial use in February 2018.
 
The Hindu Business Line further noted that, till now coal mines were auctioned with a pre-specified end-use for the coal to be mined. After inadequate response in subsequent bid rounds, the centre decided to offer an added incentive and the winners have been allowed to sell up to 25 per cent of the total coal produced in the mine in the open market. For mines being auctioned till now, it is still mandatory to use at least 75 per cent of the total coal production for the specified end-use.


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Monday, 05 August 19
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Thursday, 01 August 19
INDIKA ENERGY REVENUES DECLINE DUE TO LOW COAL PRICES
One of the largest Indonesian integrated energy companies PT Indika Energy Tbk posted revenues of US $ 1,380.4 million, down 4.6% compared to US $ ...


Wednesday, 31 July 19
INDIA'S 2019 THERMAL COAL IMPORTS SEEN AT 180-185 MLN T - WOODMAC
India is expected to import 180-185 million tonnes of thermal coal in 2019, said Dale Hazelton, head of thermal coal at consultancy Wood Mackenzie. ...


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