R/€ = 14.20 Change: 0.00
R/$ = 11.57 Change: -0.02
Au 1328.95 $/oz Change: -0.15
Pt 997.00 $/oz Change: 1.20

Ajoy K Das

Indian govt pushing for JVs to acquire overseas battery mineral assets

23rd February 2018 The Indian government is considering pushing government-owned mining and mineral processing companies to form joint ventures (JV) to acquire strategic assets overseas. Senior official say that JVs will not only combine the mining expertise of these companies across various minerals, but also... 

Coal India unlikely to face significant competition from commercial coal miners

21st February 2018 Giving the final green light, the Cabinet Committee of Economic Affairs (CCEA) of the Indian government on Tuesday approved the methodology of auction of coal blocks to private miners, but analysts say that Coal India Limited (CIL) is unlikely to face significant competition in the medium term.... 

Indian captive coal mines to achieve 105Mt production by 2021

19th February 2018 Indian coal production from captive blocks allocated to thermal power plants has been estimated at 105-million tons a year by 2021/22, up from about 37-million tons a year at present, according to perspective planning on coal availability by the Power Ministry. To date, 29 coal blocks have been... 

Indian mineral royalty rate revision on the cards

15th February 2018 Signaling an imminent revision in royalties payable, barring coal, lignite and sand, the Indian government has constituted a study group to review existing rates, recommend any revision and suggest policy changes in administration of the royalty regime. According to a government order, the... 

India approves policy for auction of small oil, gas fields

13th February 2018 India’s Union Cabinet has approved the second round of the Discovered Small Field Policy, paving the way for 60 small oilfields to be put up for auction. These discovered small and unmonetised discoveries host an estimated 194.65-million tons of crude oil or crude oil equivalent natural gas. The... 

No need for new coal block auction, says India’s largest coal producer

12th February 2018 espite thermal power plants across India reeling from shortages of dry fuel and the government readying to open up the coal sector to private miners, State-owned Coal India Limited (CIL) does not believe that there is a need for fresh allocation or auctions of coal blocks. The country’s largest... 

Indian govt-owned thermal power companies allowed to swap coal

7th February 2018 To ensure optimal use of coal blocks allocated to government-owned thermal power companies, the Indian government will now allow swapping of coal between two such companies. The swap will be permitted between two government thermal companies on condition that both have been allocated coal blocks... 

Deadline proposed for new exploration on expiring mineral leases in India

6th February 2018 In a bid to derisk mineral production, the Indian government is working on amending rules and on setting a deadline for miners to complete exploration on the mineral leases that are set to expire in 2020. In the case of mining leases for iron-ore, manganese and chromite, existing lease holders... 

Coal India diversification strategy moves ahead

31st January 2018 Coal India Limited (CIL) will complete the formation of a separate independent business to undertake diversified mining before the end of the current financial year. According to company sources, CIL will comprise two business verticals, independent of each other, one taking charge of diversified... 

Leeway proposed for exploration projects in existing oil and gas fields

31st January 2018 The Indian government is likely to permit existing oil and gas field operators to undertake new exploration projects within their existing licensing area even as it goes ahead to woo new investors through auction of 55 discovered oil and gas fields. In a leeway to be offered by the Directorate of... 

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