New legislation to introduce competitive bidding for coalOctober 7th, 2009 NEW DELHI - In a bid to introduce competitive bidding for allocation of coal blocks and benefit consuming industries, the government will soon replace the Mines and Minerals Development Regulation Act, 1957, a senior official said Wednesday. "The new draft bill would be placed before the cabinet soon.
Government to revive Talcher fertiliser unitSeptember 24th, 2009 TALCHER - The central government has decided to revive the closed fertiliser unit in Talcher at an investment of Rs.12,000 crore, Minister of State for Chemicals and Fertilisers Srikant Kumar Jena said here Thursday. The coal-based fertiliser unit here, some 130 km from the state capital Bhubaneswar, had a capacity of producing 495,000 tonnes of urea and 297,000 tonnes of ammonia per annum and was closed down in 1999 due to "economic non-viability".
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.
Demand growth for steel to cross 10 percent soon: Steel SecretaryAugust 25th, 2009 NEW DELHI - Steel Secretary P R Rastogi on Tuesday said that the growth in steel demand in the country would soon cross 10 percent, as soon as the effects of global economic slowdown would be over. Rastogi said this while addressing the third meeting of the Inter-Ministerial Group on Steel in the national capital.
Nine firms in race for lifting coal from abandoned minesJuly 28th, 2009 KOLKATA - Nine private players are in the race for extracting coal from 18 abandoned underground mines belonging to three subsidiaries of the state-run Coal India Ltd (CIL), according to a top official. CIL had received expressions of interest from 17 companies for developing the mines, which have a total reserve of around 1,647 million tonnes.
Russian regional governor said ArcelorMittal could lose coal minesJuly 10th, 2009 Governor says ArcelorMittal could lose minesMOSCOW — ArcelorMittal, the world's largest steelmaker, could lose ownership of two West Siberian coal mines if it fails to bolster production, a Russian regional governor warned. Aman Tuleyev, who heads the Kemerovo region where the two mines are located, made the warning to ArcelorMittal chief executive Lakshmi Mittal in a letter posted on the government Web site Thursday.
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.
Orissa wants more coal mine allocationJune 30th, 2009 BHUBANESWAR - Accusing the central government of bias in coal mine allocation, Orissa Tuesday demanded more coal to fuel its industrialisation drive. Speaking at a seminar organised by the Confederation of Indian Industry (CII), a state official said Orissa gets only 7.67 percent of the total coal allocation though it has 24.29 percent of the total coal reserves in the country.
Utah coal operators back away from deep mining 2 years after disastrous Crandall collapseJune 28th, 2009 Utah's deep coal operators under heavy regulationHELPER, Utah — Two years after a deadly Utah mine collapsed, the state's coal operators are backing away from rich coal reserves held deep under the ground. Coal mines have come under intense scrutiny in every part of the country, with the Mine Safety and Health Administration tripling fines against all coal mines last year.
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.
State-run firms tie up to secure coal supplies abroadMay 21st, 2009 MUMBAI - State-run energy firms have floated a joint venture for overseas acquisition of coal mines and securing cooking and thermal coals supplies. The new company, International Coal Ventures, would be formed in collaboration with Steel Authority of India (SAIL), Coal India (CIL), Rashtriya Ispat Nigam (RINL), NMDC and NTPC, formerly National Thermal POwer Corp.
Coal producer Massey plans 6 pct average pay cut amid slumping coal pricesApril 29th, 2009 Massey plans pay cuts amid low coal demandCHARLESTON, W.Va. — Coal producer Massey Energy's shares are up more than 24 percent after it announced plans to slash wages and benefits for all employees about 6 percent in the face of declining demand and prices.
Coal mine fires an election issue in JharkhandApril 12th, 2009 RANCHI - The fires have been burning underground in the Jharia coalfields since 1916. Political parties are feeling the heat in this general election with displacement due to the fires and industrialisation becoming key campaign issues.
Two pedal for clean climate from Kolkata to DelhiFebruary 6th, 2009 NEW DELHI - Pedalling all the way from Kolkata to spread awareness about clean sources of energy, two cyclists on the Climate Ride 2009 reached the national capital Saturday. Vinay Jaju and Huub Dekkers reached the capital after cycling about 1,800 km in 18 days and were received here by Science and Technology Minister Kapil Sibal.
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.
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