User: esg Topic: Issues
Category: mining :: fdi
Last updated: Oct 01 2018 12:29 IST RSS 2.0
 
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Luxembourg's IFG Capital seeks to tap tungsten deposits in Uzbekistan 1.10.2018 Reuters: Money News
IFG Capital, a Luxembourg-based company with roots in the former Soviet Union, plans investments to develop seven tungsten deposits in Uzbekistan, aiming to account for 6 percent of global output, a company executive told Reuters.
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Private sector must play key role in exploration of the deep seated minerals 21.6.2018 Govt of india: PIB
The Union Government has allowed 100 per cent Foreign Direct Investment (FDI) in the mining sector and exploration of metal and non-metal ores under the automatic route, which will propel growth of this sector.
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New CMD says CIL aims to be world's most-efficient coal miner 29.5.2018 General News
The world's largest miner, Coal India Ltd, now aspires to be the "most-efficient" coal producer, with an aim to bring down costs to a "bare minimum" level as the sector opens up for commercial mining. "We are the world's largest coal producer, but we wish to be the most-efficient coal miner," newly-appointed CIL Chairman and Managing Director Anil Kumar Jha has said. Jha, however, acknowledged that it would be difficult, due to the socio-economic situation of India compared with some of the efficient coal players like Australia. "Our socio-economic situation is different. When we open a mine, there is huge demand for employment. The land losers want nothing but employment. Despite this, MCL (Mahanadi Coalfields Ltd) pays compensation of Rs 16 lakh in lieu of employment, but villagers demand employment," he said. Jha had served as the chairman of CIL's most profitable subsidiary, MCL. He further said that manpower engaged with Coal India is three to four times than that of
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CIL production target 630 million tonne in FY19 28.5.2018 General News
Coal India Ltd has pegged its production estimate at 630 million tonne for the 2018-19 fiscal, the mining major's Chairman and Managing Director A K Jha said today. "We are now projecting to produce 630 million tonne of coal and supply to power sector will be 525 million tonne," the newly-appointed CMD said here at an interaction with the media on his first day in office. He also assured that demand from the power generation companies would be met. In order to meet the present coal crisis, the mining behemoth is supplying 1.41 million tonne of coal per day as per a government directive.
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India-Poland bilateral trade crosses $3 bn in 2017: Polish envoy 23.4.2018 All News-IANS Stories
The bilateral trade between India and Poland has crossed $ 3 billion in 2017 and the European country is exploring various sectors to improve the trade balance, the Polish envoy to India said here on Monday.
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Coal India videographs strikers, reports 'normal operation' 17.4.2018 All News-IANS Stories
Coal India Ltd (CIL) on Tuesday said operations were normal in all its subsidiaries as one of the central trade unions observed a protest demonstration on Monday against the Centre's move to allow commercial mining.
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CIL records highest offtake of 2 mn tonnes in a day 30.3.2018 General News
Coal India Ltd has recorded the highest offtake of 2 million tonnes (MT) in a single day on March 28, with railways helping movement of highest number of 289.5 rakes from CIL's own sidings. Clubbed with supplies at private coal washeries and good sheds, railways has helped movement of 344.5 coal rakes on March 28, 2018. "The synergy between CIL and railway has made it possible to surpass the benchmark of 342 rakes per day set for tiding over the crisis for coal faced by power and other industrial consumers. The day also witnessed another record of dispatching 252 rakes in a single day to power plants as against the daily target of 230 rakes," an official release said. CIL and railways strengthened their synergic efforts to overcome the crisis faced by thermal power plants from the month of July 2017, since they were called upon to meet the deficit in generation of power by hydro, nuclear and solar power generators, it said. The thermal power producers were in crisis, as they did not ..
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Private entry into coal mining an opportunity: CIL 30.3.2018 General News
Coal India Limited (CIL), the single largest producer in the world enjoying a monopolistic status, today said the recent government announcement of opening up of the coal mining sector to private players was an opportunity and not a threat. This was not the first time that the coal sector was being thrown open to the private sector, as 200 captive blocks were offered ealier to them but the exercise had been a failure, the PSU said. "We see the opening up of the coal mining sector as a challenge and an opportunity for CIL which had been always sneered at for being a monopoly. It is not a threat for CIL", its CMD Gopal Singh said here today. He said the CIL had been selling the cheapest coal in the world if prices of ex-mine (for the PSU) and ex-port (for imports) were compared. "The prices are 42 per cent to 64 per cent lower for various grades of coal for CIL," Singh said. To retain its market leadership status, the priority of the CIL would be to sell coal at a lower ...
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Coal India likely to offtake record 581 mn tonnes in FY18 30.3.2018 General News
Coal India Ltd (CIL) is expected to carry out a record offtake of 581 million tonne coal in 2017-18 (April-March) due to improved cooperation between the mining company and Indian Railways, the Ministry of Coal said on Friday.
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Rail- Coal Synergy Enables Record Movement of 344.5 Coal Rakes for Tiding over Crisis for Coal Faced By Power and Other Industrial Consumers 30.3.2018 General News
CIL and Railways strengthened their synergic efforts to overcome the crisis faced by thermal power plants from the month of July, 2017, since they were called upon to meet the deficit in generation of power by hydro, nuclear and solar power generators. The thermal power producers were in crisis, as they did not carry adequate stocks at the plants to cope up with the spurt in generation needs. This was due to their reduced intake of contracted quantities of coal during 2016-17 due to subdued generation demand.
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Condemning the government's move to privatise Air India, the Left-affiliated All India ... 29.3.2018 General News
Condemning the government's move to privatise Air India, the Left-affiliated All India Trade Union Congress (AITUC) today accused the Centre of selling out national assets in the name of ease of doing business. In a statement, the AITUC has said that the Centre has been "obstinately" following the policy of dismantling the public sector. "The government has been obstinately following the policy of dismantling the public sector, and handing over business to Indian and foreign corporates. The latest move of sale of 76 percent share of Air India to private players is a move in pursuance of the same policy of sell out of national assets in the name of ease of doing business," the statement says. The trade union has also said that despite opposition from unions, the government privatised the airports and "forcibly" merged the Indian Airlines and Air India which perpetuated the problems for the national carrier. So far piecemeal sale of the carrier has been the methodology, but the present .
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CIL to supply coal by road to power plants located at shorter distance: Goyal 28.3.2018 General News
In a bid to meet the coal requirement of power houses, Coal India (CIL) subsidiaries have offered to supply the fuel by using road networks from available pithead stock to plants located within 60 km from the nearest mines, Parliament was informed today. The dispatch through road during the April-October period of 2017-18 increased by 12 million tonnes (MT) over the dispatch of 81 MT in the corresponding period of 2016-17, Union Coal Minister Piyush Goyal said in a written reply to the Lok Sabha. The minister said that "in order to meet the coal requirement of power houses, the subsidiary companies of Coal India has offered supplying coal through road mode from available pithead stock to the power plants which are located within 50 km to 60 km from nearest mines". On November 1, 2017 CIL had also launched 'Grahak Sadak Koyla Vitaran App' aimed at benefiting customers who are supplied coal by road, he added. In a separate question, the minister saod that coal to power sector is ...
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Auction of mines for coal sale to bring higher investment: Goyal 16.3.2018 General News
The government decision to auction coal mines for sale of dry-fuel in return will bring higher investment, create jobs and bring efficiency in the sector, Coal Minister Piyush Goyal said today. "Auction of coal mines for sale of coal is expected to bring efficiency into the coal sector due to increased competition and deployment of best possible technology into the sector," Coal Minister Goyal told Rajya Sabha in a written reply today. The minister said it will bring higher investment which in turn will "create direct and indirect employment in coal bearing areas specially in mining sector and will have an impact on economic development of these regions." Enabling provisions have been made in the Coal Mines (Special Provisions) Act, 2015 for allocation of mines by way of auction and allotment for sale of coal. The government last month approved the methodology for auction for coal mines/blocks for sale of coal under the provisions of the Coal Mines (Speical Provisions) Act, 2015 and ..
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Kiran Agarwal collaborates with Manish Om Singhania for her Brain Child WOKA 13.3.2018 General News
Kiran Agarwal, wife of Vedanta Resources Plc. Anil Agarwal, is a visionary who has been compassionate towards the needy in the society. This time she has dedicated herself towards enriching entertainment, wherein she not only produces but creates and narrates stories for children through her YouTube channel 'WOKA'. WOKA stands for World of Kiran Agarwal. She has collaborated with Writer and Director Manish Om Singhania to create animation films with moral values for children of age 4+.Manish Om Singhania has been actively working in the Indian TV/Film Industry. He also runs his own Infrastructure Business and is the Chairperson of his brain-child, 'Brahmand Group'.His childhood dream of being a filmmaker, landed him on the sets of Ashutosh Gawrikar's film "Swades" as an apprentice (Direction team) but due to the shift in the shooting dates by almost 8 months, he had to move on to the next available opportunity, which he found in and with, Late Ashok Gaikwad and Aroona Irani's on their
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Comm mining: Par panel asks CIL to reassess its strength, weaknesses 13.3.2018 General News
In the wake of government opening up the coal mining to the private sector companies for commercial use, a parliamentary panel today said that state-owned CIL should review its areas of strength and weaknesses in order to remain competitive in the sector. "Very recently a decision on opening up of commercial coal mining for private sector has been taken moving from an era of monopoly of Coal India Ltd to competition. "In this background, the Committee desire the Coal India Ltd to reassess their areas of strength and weaknesses to stay competitive in the coal sector, particularly, when use of other eco-friendly energy options are being encouraged," Standing Committee on Coal and Steel said in its latest report tabled in the Parliament today. In a major reform in the coal sector since its nationalisation in 1973, the government had last month allowed private companies to mine the fossil fuel for commercial use, ending the monopoly of state-owned Coal India Ltd (CIL). "Regarding the ...
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100% FDI in coal mining may attract global miners: Report 9.3.2018 General News
Opening up commercial coal mining for the private sector and allowing 100 per cent foreign direct investment (FDI) are likely to attract global miners to invest in India, a report said today. Private sector participation would result in faster ramp up of coal production, helping gradually reduce India's import dependence, especially for thermal coal, Icra said in its report. Moreover, allowing 100 per cent FDI in commercial coal mining is likely to open the doors for global coal miners to invest in India, which can benefit the sector in the long run through increased technology adoption and mechanisation in mining operations thereby helping achieve better operational efficiency for the industry, it added. The coal ministry last month came out with the methodology for auction of mines, which largely aims at opening up the coal sector for private commercial mining and also looks at allowing 100 per cent FDI in order to create an efficient and competitive coal market. Icra
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Trudeau's India visit was unqualified success: Indian High Commissioner 7.3.2018 All News-IANS Stories
Downplaying what he called the "distractions around the visit of Canadian Prime Minister Justin Trudeau to India", Indian High Commissioner Vikas Swarup has said the visit was actually an "unqualified success".
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CITU condemns 'RSS-BJP hooliganism' in Tripura 7.3.2018 All News-IANS Stories
The Centre of Indian Trade Unions (CITU) on Wednesday condemned the attacks on Left activists and offices in Tripura allegedly by rightwing "hooligans" after the BJP took power in the state.
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‘Competition via commercial mining of coal will enhance energy security’ 24.2.2018 Hindu: Rx
Success, however, depends on reserve price, auction norms: industry experts
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NDA govt taking decisions in interest of a few capitalists: Mayawati 24.2.2018 General News
BSP president Mayawati today accused the NDA government at the Centre of taking "decisions in the interest of a handful of top capitalists" and flayed its move of opening up coal mining to the private sector for commercial use. Expressing concern over the coal mining issue, she alleged that it has come at a time when some "wealthy and capitalists" embezzled huge sums of money from public sector banks and fled the country. "Privatisation of an important sector like coal, which is a national wealth, and allowing its exploitation is a matter of grave concern," Mayawati said. "Decisions are continuously being taken in the interest of a handful of top capitalists and the wealthy whereas the promise of 'achchey din' (good days) for the poor and needy is yet to be fulfilled," the BSP supremo alleged. Earlier this week, the Centre approved opening up of coal mining to the private sector for commercial use, a major reform in the sector since its nationalisation in 1973. Coal mines will now be .
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