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CAPTIVE MINE OWNERS
Production from captive, commercial coal mines rises 79 pc in June quarter"Production from coal blocks during the first quarter of financial Year 2022-23 was reviewed by the Additional Secretary and Nominated Auth...- Govt asks captive mine owners to ramp up coal output, warns of regulation in supply by Coal IndiaThe recent review of the captive mines, by the Nominated Authority, showed that several allocatees are behind the schedule of coal producti...
- Bill to amend Mines and Mineral Development Act introduced in Lok SabhaThe Union Cabinet had last week cleared amendments to the Mines and Minerals (Development and Regulation) Act to allow sale of 50% coal fro...
- Cabinet okays insurance act tweakFinance minister Nirmala Sitharaman proposed in her FY22 budget increasing the permissible FDI limit in insurance companies to 74% and allo...
- Captive coal miners allowed to sell 25% output in open marketThe last date for bid submission is November 28 and the auctions are likely to commence in mid-January, a senior coal ministry official sai...
- Revamp of coal auction rules: Business-friendly reforms on cardsAn high-power committee, headed by former Central Vigilance Commission Pratyush Sinha, has recommended a complete overhaul of regulations g...
- Odisha government approves reopening of seven more minesThe Odisha government's inter-departmental committee on mining today approved reopening of seven more mines as per provisions of the Mines ...
- Procedural formalities to halt output at 16 captive coal blocksThis could result in lesser fuel availability for power and steel plants, and higher prices in spot markets.
- Mixed reaction from industry on mines ordinanceSteel makers today welcomed mines ordinance while some core mining firms alleged that unfair treatment has been metted out to them by givin...
- Government revives talks on surplus coal policy that bars excess production by captive mine ownersThe coal ministry, in its reply, had told the law ministry that the directive was final and the latter should limit its advice to the issue...
- Odisha govt's ore distribution policy gets HC nodDismissing a batch of petitions, The Orissa High Court observed that the step taken by the state government was valid as a right of pre-emp...
- Coal Ministry cuts output target for captive mines by halfThe decision is likely to exacerbate the shortage of the fuel supply in the country.
- Centre moves to halt open sale of iron ore finesFines, or iron ore dusts, are smaller than 10mm, are produced when lumps are dug out from mines.
- New mining bill: Steel, mining ministries differ on benefits of captive allocationThe steel and mining ministries have differed over the benefits of captive allocation in their views for the new mining bill.
- Coal Ministry to bar captive miners from producing beyond approved levelThe coal ministry has decided to bar captive coal miners from raising production beyond the approved level, rejecting industry demands
- Captive coal block owners may get to sell surplus to Coal IndiaThe prime minister is set to consider a proposal to allow owners of captive coal blocks to sell excess production to state-run Coal India.
- Pellet plants must for captive minesJharkhand has emerged as the first state to make it mandatory for companies with captive iron ore mines to set up pellet plants to utilise ...
- 26% equity rule for captive mines soonSteel, cement or power companies that are allocated captive coal mines will have to own a minimum 26% equity in their mining ventures, a mo...
- End-users must hold at least 26% in captive coal venturesSteel, cement or power companies that sit on captive coal mines will have to own a minimum 26% equity in their mining ventures, according t...
- Captive coal mines may be allowed to sell 10% of outputIn a major policy initiative aimed at opening up the regulated coal sector, the government is considering a proposal to allow merchant sale...
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