Public Sector Coal India Limited (CIL) is looking for tie-ups with global mining firms for jointly coal mining outside India and intended to acquire coal projects in countries like Mozambique, Australia, Indonesia, South Africa and the US, the Rajya Sabha was informed today. Minister of State for Coal Sriprakash Jaiswal said in a written reply that the CIL, the country's biggest coal firm, was indeed...
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A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter session of parliament, Coal Minister Sriprakash Jaiswal said here Sunday.The bill will help in reforming the coal and mining sector by allowing transparency in competitive allocation of coal blocks to benefit consuming industries like power and steel, he added.Currently, coal blocks are...
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Kolkata, Nov 1 : A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter session of parliament, Coal Minister Sriprakash Jaiswal said here Sunday.The bill will help in reforming the coal and mining sector by allowing transparency in competitive allocation of coal blocks to benefit consuming industries like power and steel, he added.Currently,...
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Coal India is working on strategic tie-ups with overseas coal producers to import the dry fuel at rates less than the landed price. The country is expected to import 100 million tonnes of coal by 2013.“Coal India Ltd (CIL) has invited expressions of interest from foreign producers for strategic partnerships to develop or expand production at mines located abroad and import that coal to India on a cost-plus...
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Centre will introduce in the winter session of Parliament the long pending Bill, seeking to amend the Mines and Minerals Development Regulation Act, 1957, Minister of State for Coal Sriprakash Jaiswal said today.Speaking at the National seminar on "Coal: Partnership for Growth" here, he said once the legislation was made it will help bring in structural reforms in the coal and mining sector and transparency...
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Power, steel and cement firms seeking coal supply arrangements with state-owned Coal India will have to wait for some more time as the meeting of the apex committee, which grants coal linkages to them has been delayed on account of shortage of the fuel with the producer."Coal India (CIL) has hardly any coal to distribute at present. The meeting of the Standing Linkage Committee (SLC), which was due...
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visitBEIJING—SouthGobi Energy Resources Ltd., a unit of Ivanhoe Mines Ltd., is aiming to be a major coal supplier to western China, with the help of China's sovereign-wealth fund, SouthGobi Chief Executive Officer Alexander Molyneux said Thursday.China Investment Corp. over the weekend agreed to invest $500 million in the form of debentures in Canadian-listed SouthGobi, which mines coal in Mongolia...
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Madhya Pradesh government has deferred its plan to import coal for its thermal power stations for the time being as it would cost four times in comparison to Indian coal.On the Centre's instructions, the state government had planned to import the coal but now it has put this aside for the time being on account of its high cost, official sources said here today.The cost of the foreign coal would be...
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KOLKATA:The union coal ministry has rapped Usha Martin Industries, a leadingmanufacturer of wire ropes, for failing to develop a coal block allotted to itat Lohari in Jharkhand. The coal ministry has written to the company asking itto show cause for delay in implementation of the coal block. As part of themove, the company will have to submit an action taken report to theministry.Usha Martin is among...
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The government is likely to seek expertise from Russia and the US for its ambitious project to convert coal into gas as part of developing alternate energy sources.Coal Minister Sriprakash Jaiswal is planning to lead a high-level delegation to both the countries in January and hold discussions with the experts there."After the winter session of Parliament, I am planning to visit Russia and the US with...
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