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COAL MINING ROYALTIES
Coal-producing states earn revenue worth Rs 1.52 lakh cr in last 9 yrs: CentreCoal-producing states earned Rs 1.52 lakh crore from royalty, DMF, and NMET in the last nine years. The coal mining sector significantly co...- Odisha to refund excess royalty on inferior coalOdisha is expected to reimburse over ₹300 crore royalty for coal supplied by Mahanadi Coalfields Ltd (MCL), a Coal India unit, between Apri...
- Australian state defers Adani coal mine royalties ahead of electionState Treasurer Cameron Dick did not say when Adani would start to pay royalties or how much revenue the state would collect, citing commer...
- CII seeks clarification on computation of average sale price of auctioned mines by IBM“On an average, additional amount to the extent of about 20% is being charged over and above the applicable charges on account of premium, ...
- No royalty holiday for Adani's coal mine in AustraliaAdani Australia said it will analyse the details of the Cabinet's decision once it was formally provided to them.
- Supreme Court allows extracted coal transportation in MeghalayaThe bench allowed the NGT to proceed with regard to other aspects of the matter pending before it without any prejudice.
- Rs 2,237-crore revenue generated from 74 coal mines: GovernmentUnder the provisions of Coal Mines (Special Provisions) Act, 2015 and its rules, he said, the government has so far allocated 75 coal mines.
- Coal transportation in Meghalaya: NGT extends time till November 30The NGT has prohibited mining in the entire state of Meghalaya but allowed transportation of extracted coal kept in the open with due "chec...
- Parameters for mineral auction to include royalty to states: SourcesGovernment revised pending royalty rates on minerals including iron ore and bauxite, move ensuring significant swelling in annual revenue o...
- Replace profit-sharing by coal companies with royalty payment: PanelA Parliamentary panel has recommended removal of the provision of 26 per cent profit sharing by coal and lignite miners with project-affect...
- Govt expects royalty from minerals to doubleThe government today said revenues from minerals are likely to almost double after the implementation of the proposed Mines legislation.
- CAG's estimate of coal mine loss may be lowerIf the experience of MP on coal-block auctions is anything to go by, the CAG's calculations of Rs 1,85,591-cr loss to the govt could be low...
- Government wants to speedily convert Mines Bill into legislation: Manmohan SinghThe government intends to convert the draft Mines Bill into legislation soon for the benefit of the country's tribal community.
- Mining cos paid Rs 4,488 cr royalty to states last fiscalThe contribution of mining firms, excluding those producing coal and lignite, to the state exchequers as royalty rose by a little over 9 pe...
- Expert group to meet this week to review royalty on mineralsn expert group of the Mines Ministry will hold its first meeting this week to review the royalty rates, due for revision next year, for all...
- Taxing time for India's metal, mining companies: MacquarieMining Bill is expected to reduce the profits of pure-play mining companies like NDMC and Hindustan Zinc by 9 %.
- Mining sector needs large-scale reformIndia's new mining Bill has provisions which seek, rightly, to shovel money from mining companies to rural people affected by mining.
- New mines bill to be tabled in Parliament in winter sessionNew Mines Bill, which provides for sharing of profits with project-affected people, will be introduced in the winter session of Parliament
- GoM okays coal profit-share, ore royalty for mining areasGoM headed by Pranab Mukherjee has decided that coal companies will need to distribute 26% profit to the local population.
- Govt to cancel under-performer lease in coal sectorCentre will decide to cancel the lease of those who are deliberately under-performing in the coal sector, Coal minister Shriprakash Jaiswal...
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