Indian minister visits Australia to look for coalSeptember 3rd, 2009 SYDNEY - Indian minister Sri Prakash Jaiswal is in Australia to search for "some foreign coal" so that his country's energy needs are met. Jaiswal, who is India's minister of state for coal, has visited coal mines in New South Wales and Queensland.
Coal price index to be launched in JulyJune 30th, 2009 BHUBANESWAR - India will soon get a coal index to track the coal price movement in the country. India's leading e-commerce company Mjunction Services Ltd will launch the index in the second week of July, a company official said Tuesday.
Government rules out coal price hikeJune 24th, 2009 KOLKATA - The government is not considering raising coal prices, coal minister Sriprakash Jaiswal said here Wednesday. "That is not our priority now," Jaiswal said when reporters bombarded him with queries on a possible increase rise in coal prices.
Coal blocks to be allocated through auctionJune 24th, 2009 KOLKATA - Coal blocks will be allocated to various sectors through the auction process, Coal Minister Sriparakash Jaiswal said here Wednesday. For this, the concerned Act will be amended, the minister told reporters, and added that the move would ensure transparency and add to the government's revenues.
Disinvestment of Coal India on cards, discloses ministerJune 16th, 2009 NEW DELHI - The government is considering divesting up to 10 percent stake in the state-run Coal India Ltd, the country's largest coal miner, Coal Minister Sriprakash Jaiswal said here Tuesday. "We are working on a proposal to disinvest 5 to 10 percent stake in Coal India.
Government again warns against steel price hikeJune 11th, 2009 MUMBAI - Any hike in steel prices is unjustifiable as the cost of iron ore and coking coal have come down since last year, Steel Secretary P.K. Rastogi said here Thursday.
Coal India signs fuel supply agreement with NTPCMay 29th, 2009 KOLKATA - India's largest coal miner Coal India Friday inked a much-awaited fuel supply agreement (FSA) with power generation major NTPC Ltd. In the agreement both sides have settled for a 'trigger level' of 90 percent.
Minister hints at hiking coal pricesMay 29th, 2009 NEW DELHI - The government may hike coal prices marginally, Minister of State for Coal (Independent Charge) Sriprakash Jaiswal said here Friday. "Keeping in view the current economic situation, we can hike the price if required, but the hike will be marginal," Jaiswal told reporters after taking charge.
Coal India allocated two blocks in MozambiqueMarch 13th, 2009 NEW DELHI - State-run Coal India Ltd has been allocated two coal blocks in the southeast African state of Mozambique, it was announced here Thursday. The formal intimation on the acquisition was sent by the Indian high commission in that country to Coal India recently, a government statement said.
Coal India to invest Rs.100 bn to revive mines in JhariaFebruary 17th, 2009 NEW DELHI - State-run Coal India Ltd will invest Rs.100 billion (Rs.10,000 crore) to revive coal mines at Jharia in Jharkhand, a top official said here Wednesday. 'Jharia coal mines are highly under-utilised and only coking coal is produced there.
Fresh deposits for coal, iron ore found in ChhattisgarhFebruary 4th, 2009 RAIPUR - Mineral-rich Chhattisgarh has hit another goldmine: a fresh discovery of 90 million tonnes of coal and a little over 22 million tonnes of iron ore. 'Deposits of 50 million tonnes of coal have been found in Korba district and 40 million tonnes of coal in Raigarh district,' says the Economic Survey of the state government.
Coal India hints at price increaseFebruary 2nd, 2009 KOLKATA - Coal India chairman Partha Sarathi Bhattacharyya Tuesday hinted at hiking coal prices, but said any such decision would be taken after ensuring that end-users remained globally competitive. With the company incurring a burden of Rs.52 billion (Rs.5,200 crore) for paying arrears since July 2006 - when the recently-signed eighth national wage settlement for Coal India employees came into retrospective effect - and for making provisions for the enhanced gratuity bill.
Coal India, power producer to sign fuel supply dealJanuary 19th, 2009 KOLKATA - India's largest coal producer Coal India Limited (CIL) and the largest power producer NTPC Ltd have decided to sign an agreement to always maintain 75 percent fuel supply for the power entity, a central minister said here Tuesday. 'The matter is more or less solved.
Domestic coal prices will not fall further: Coal IndiaJanuary 14th, 2009 KOLKATA - Domestic coal will not get any cheaper, India's largest coal company said here Thursday. 'International prices may fall depending on demand but domestic prices won't fall further as it is sold at much discounted rates,' Coal India Ltd (CIL) chairman Partha S.
Efforts to get coal blocks in US, two other countriesDecember 25th, 2008 RANCHI - Efforts are going on to get coal blocks in three countries, including the US, said minister of state for coal Santosh Bagrodia here Friday. 'We are making efforts to get coal blocks in the United States, Indonesia and Mozambique.
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