The blocks, which are fully explored, have an annual peak-rated capacity of 52 million tonnes
Here's a selection of Business Standard opinion pieces for the day
Independent regulator for coal and other minerals is overdue
Private sector likely to get entry into mineral exploration
In an interview with Shreya Jai & Jyoti Mukul, Union Minister of Coal, Mines and Parliamentary Affairs Pralhad Joshi argues why coal production cannot be sacrificed at the altar of environment
Companies like Adani Power Resources Ltd and Welspun Steel Ltd were also vying for the block
The two mines on offer today were both picked up by first-time bidders
No steel company has shown interest in bidding for four coking coal blocks of 38 mines put on auction for commercial mining as they have concerns about fuel quality and high capital cost
The world's second largest consumer, importer and producer of coal has offered a range of financial incentives to attract investment and reduce imports
Govt gets 82 bids in technical round for India's first such auction
Union minister Pralhad Joshi on Friday said India has invited Australia to participate in the commercial coal mining and other strategic projects related to mines and minerals. In his meeting with Australian minister for resources Keith Pitt, India's Coal and Mines Minister Joshi deliberated on increasing cooperation in areas of strategic minerals. "Had a virtual meeting with Mr. @keithjpittMP, Minister for Resources, Australia. We discussed enhancing strategic collaboration between organisations of both the countries on coal, critical and strategic minerals and related technologies," Joshi tweeted. "Invited Australia to participate in the ongoing global tender for commercial mining, coal gasification and coal to chemical projects and bring new technologies to these projects," he said in another tweet. Joshi further said that he also held discussions on active cooperation in strategic minerals especially lithium and cobalt for EV mobility. The government has launched the auction .
Under Coal Bearing Areas Act, Centre will acquire land and then give it on lease to miners; SBI raises concerns on offtake, demand of coal from commercial mines
The due date for submitting a technical bid is September 29 and e-auction would be conducted during October-November
It is further clarified that any FDI in the commercial coal mining is subject to applicable laws, including the Press Note 3 of 2020, the statement said.
The first of a two-part series analyses how price signals have been planned in coal sector reforms
Close to 80 queries have been submitted to the coal ministry on the MSTC e-auction platform
Coal workers affiliated to five trade unions had gone on strike from July 2-4.
A coal ministry official said that on Friday CIL produced 5.55 lakh tonnes of coal Friday, which is 42.7 per cent of the 10 days average production (from June 22 to July 1) of 12.969 lakh tonne
Tapan Sen, general secretary of the Centre of Indian Trade Unions (CITU), said that in comparison to the previous two days, more workers have joined the strike on Saturday
Pralhad Joshi says he will replace mines from the auction if chief ministers object but they should understand this will change the economic situation in states.