R/€ = 14.50 Change: -0.04
R/$ = 12.93 Change: -0.04
Au 1262.11 $/oz Change: 5.48
Pt 953.50 $/oz Change: 2.00

Ajoy K Das

Mines Ministry hails India’s satellite-based illegal mining monitoring a success

25th May 2017 India’s satellite-based Mining Surveillance System (MSS), launched in 2016, has been “very successful” in triggering alerts on possible illegal mining across the country, the Mines Ministry has said in a paper prepared on illegal mining. The Mines Ministry states that the system, operated by... 

India assures domestic coal supply to plants based on imported feedstock

24th May 2017 India’s Coal Ministry has laid down rules to ensure coal supply to thermal power plants that were constructed based on imported coal, as part of a strategy to achieve ‘zero dependency’ on coal imports over the next three years. Rules and guidelines for supplying the thermal power generation... 

India, Japan to push for One Belt, One Road counter at AfDB conference

19th May 2017 India will unleash its highest level of economic diplomacy at next week’s African Development Bank (AfDB) conference in the western city of Ahmedabad, with the aim of setting quantifiable targets of international economic and trade cooperation between the continents in a bid to counter China’s... 

Coal India makes supply agreements more flexible

16th May 2017 India’s largest coal miner, Coal India Limited (CIL), has loosened restrictions on its fuel supply agreements (FSAs) with provincial- and central government-owned thermal power companies. The more flexible FSAs allow companies to swap coal allocated between power stations and will enable power... 

CIL’s maiden export set to bank on NTPC’s Bangladesh power project

10th May 2017 Indian major Coal India Limited’s (CIL) hopes of marking its maiden entry into coal exports is banking on the country’s largest power producer NTPC Limited. NTPC Limited, the largest domestic customer of CIL, has signed an agreement to establish a thermal power plant in Bangladesh through a joint... 

Bidding said to open soon for oil and gas exploration under India’s new OALP

9th May 2017 India is likely to offer 26 unexplored oil and gas fields to domestic and international exploration and production (E&P) majors to kick-start the government’s newly unveiled Open Acreage Licensing Policy (OALP). Prospective investors have been allowed access to geological data of these oil and... 

India mulls oil pipeline to Myanmar

4th May 2017 Pushing ahead with its ‘oil and energy diplomacy’ in neighbouring countries, India is considering building an oil pipeline to connect refineries in its north-eastern provinces to consumer centers in Myanmar. According to senior government officials in the Petroleum and Natural Gas Ministry,... 

India to exit oilfields in Sudan

3rd May 2017 India will pull out of developing oilfields in Sudan, after rejecting new terms and conditions laid down by the African nation. Sudan is demanding higher royalties and taxes before renewing the exploration and production licence of Block 2B, against a backdrop of falling international oil and gas... 

RINL’s merger with NMDC rejected

28th April 2017 Indian steel producer Rashtriya Ispat Nigam Limited’s (RINL’s) plan of securing raw material security through corporate activity has suffered a setback with the Indian government ruling out a merger with country’s largest iron-ore miner, NMDC Limited. Steel Minister Chaudhary Birendra Singh this... 

Rising rupee threatens to derail Indian iron-ore export revival

28th April 2017 A triple whammy of a five-year production high, 20-month rupee exchange rate high and lower international prices threatens to nip in the bud the revival of India’s iron-ore exports. At least three iron-ore miners, based in the eastern Indian province of Odisha, told Mining Weekly Online that the... 

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