R/€ = 15.06 Change: -14.91
R/$ = 12.92 Change: -12.79
Au 1255.03 $/oz Change: 1.19
Pt 936.50 $/oz Change: 2.50

Ajoy K Das

Sluggish growth to see Indian national oil companies under stricter oversight

19th July 2017 Responding to sluggish growth in domestic oil and natural gas production, the Indian government has brought national oil companies (NOCs) under stricter oversight, including daily reporting of production data from each field operated by these companies. The NOCs also have to submit to government... 

India to look to junior miners to boost private investment in exploration

17th July 2017 Close on the heels of India’s Mines Ministry propagating private-public-partnership (PPP) model contracts to boost private capital into mineral exploration, the government is now looking to invite international mining juniors to fill the void in private investment. The Mines Ministry is preparing... 

India falling behind in mineral block auctions, looking to relax rules

12th July 2017 India is falling behind in auctioning non-coal mineral blocks to private miners. According to government data, since the Mines and Minerals (Development and Regulation) Amendment Act (MMDRA) was promulgated in 2015, provincial governments have been able to auction only 29 mineral blocks against... 

Provincial tussle over ownership of Singareni Collieries

11th July 2017 The government of the southern Indian province of Andhra Pradesh has formally demanded an equity stake in Singareni Collieries Company Limited (SCCL) and even hinted at the possibility of taking legal recourse to secure an interest in the mining company. In a communication to the federal... 

India to bid for natural gas blocks in Lebanon

11th July 2017 ONGC Videsh, the overseas arm of India’s exploration and production (E&P) major ONGC Limited, will bid for natural gas exploration and development blocks in Lebanon. In a statement issued late on Monday, India’s Petroleum and Natural Gas Minister, Dharmendra Pradhan, said the proposal of an... 

Advisory body critical of India’s coal production target

5th July 2017 With Indian electricity demand recording growth of only 5%, domestic coal production cannot be target driven, the government’s policymaking advisory body says. The National Institute for Transformation of India (NITI) Aayog cautions that the country’s power sector may not require the volumes of... 

India’s Coal Ministry proposes easier auction norm for commercial coal mining

4th July 2017 India’s Coal Ministry has decided to adopt a more liberal approach to auctioning coal blocks as part of a strategy to open coal mining to the private sector. Following a series of consultations with prospective investors, the Coal Ministry has opted for a reverse auction model, instead of a... 

Steel Ministry seeks 12 coal washeries from Coal India

30th June 2017 At the behest of India’s Steel Ministry, Coal India Limited (CIL) has agreed to set up 12 coking coal washeries to augment supplies to domestic steel mills. In view of the new National Steel Policy, which envisages ramping up India’s steel production to 300-million tons a year by 2030, the Steel... 

India pushes coal miners, power producers to roll out renewable energy projects

30th June 2017 Overlooking apparent contradictions, India is pushing government-owned mining companies, including coal, thermal power producers and mineral processors to commit to more renewable energy projects. “It is a little bit of a contradiction, but I have to keep the coal industry going while ensuring... 

India to revisit captive mine transfer charge

29th June 2017 The Indian government will take a relook at charges liable to be paid to the government for cases where captive mines were transferred outside the auction process. An official said that the Mines Ministry has received several industry representations seeking exemptions from payment of such... 

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