R/€ = 15.86 Change: 0.03
R/$ = 14.00 Change: 0.03
Au 1327.20 $/oz Change: 0.92
Pt 840.13 $/oz Change: 9.97

Ajoy K Das

Argentina to share lithium geological information with India, promote JVs for projects

20th February 2019 Argentina has offered to share lithium geological information for exploration with India as it aims to promote government-backed joint venture (JV) mining projects in the Latin American nation. The Geological and Mining Survey of Argentina would share geological information with its Indian... 

India relooks revenue sharing contracts for auction of oil, gas blocks

19th February 2019 The Indian government is having second thoughts over continuing with revenue sharing agreements in contracts with successful bidders at auction of oil and natural gas fields. While no decision has been taken yet, a section within the government is backing reverting to an earlier regime... 

India puts private coal mining on the backburner

19th February 2019 Opening up of the Indian coal sector for commercial mining by private miners has officially been put on the backburner. The move to open up commercial mining and auction off coal blocks to private miners for production without any end-use restrictions and a free pricing regime has been hanging... 

India hands over national oil company assets to private investors

14th February 2019 Finally overruling strident opposition, the Indian government has approved taking away smaller discovered oil and natural gas blocks of its national oil exploration and production (E&P) majors and allocating them to private investors through auctions. The move, criticised by a section in... 

CIL lines up capex for renewed thrust on developing CBM assets

12th February 2019 Seizing an opportunity offered by recently relaxed rules, State-run miner Coal India Limited (CIL) has lined up a corpus of around $422-million to kick-start its sputtering coalbed methane (CBM) projects. The renewed thrust of getting the CBM projects off the ground would be initiated by Bharat... 

Indian Power Ministry directs priority coal supplies to pithead plants ahead of summer

11th February 2019 The Indian Power Ministry has issued directives to its counterparts in the Coal Ministry and Indian Railways (IR) to give the highest priority to dry fuel supplies to pithead thermal power plants, in light of a trend of lower coal dispatching from Coal India Limited (CIL) and an expected summer... 

India’s Mines Ministry mulls bundled approvals ahead of new mine auctions

6th February 2019 India’s Mines Ministry is working on a proposal to bundle mandatory approvals, like forest, environment and pollution, for bidders of 288 mining leases slated to expire in March next year. According to a government official, putting together mandatory approvals prior to holding auctions would... 

HCL starts work on reopening copper mine, developing greenfield reserve

4th February 2019 Indian State-run Hindustan Copper Limited (HCL), the country’s sole integrated copper producer, on Saturday started construction of a concentrator at its Rakha mines, marking efforts to restart the mines in the eastern state of Jharkhand. The ground-breaking ceremony at Rakha for construction of... 

India receives 145 bids for 25 small oil, natural gas fields at auction

31st January 2019 The second round of auction of 25 discovered small fields (DSF) in the Indian oil and natural gas sector has received 145 bids from 39 investors, including six foreign companies, the sector regulator has reported. The Directorate General for Hydrocarbons (DGH) states that domestic oil and natural... 

India's iron-ore output at 9-year high, but shortage looms next year

31st January 2019 India is poised to close the current financial year with iron-ore production of about 210-million tons, the highest in the last nine years, but domestic steel mills are still haunted by the spectre of a shortage of the raw material from next year. According to estimates from industry body, the... 

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