The Union Government has allowed 100 per cent Foreign Direct Investment (FDI) in the mining sector and exploration of metal and non-metal ores under the automatic route, which will propel growth of this sector. Addressing the 7th India Minerals and Metals Forum in New Delhi today Joint Secretary Ministry of Mines, Mr Anil Kumar Nayak said Power and cement industries are ...

Sustainable Mining can bring prosperity to Odisha and India, as in Australia and Canada, because it has the potential to provide employment and can play a huge role in alleviating poverty, said Dr. Tapan Kumar Chand, CMD, NALCO, at the Sustainable Mining Summit held here today, organised under the aegis of Federation of Indian Mineral industries (FIMI).Corporate stalwarts, policy-makers, leaders ...

  Some of the measures taken to bring down the cost of production by Coal India Limited (CIL) include the following: e-reverse auction for finalization of contracts for explosives implemented. Action taken for improving competition in tenders and cost reduction: In case of procurement, introduction of Reverse Auction (RA) for tenders valued more than 1 crore with Start Bid price as ...

Supply of coal to the Power Sector has risen to 210.3 Million Tonnes (MT) in the first six months of this fiscal against 195.2 MT during the corresponding period of 2016-17 thus recording growth of 7.74% (provisional).As per guidelines prescribed by CEA, the thermal power stations are required to keep average coal stock for 22 days consumption for smooth operations. ...

The coal supply to Non-Regulated Sector (NRS) is through Fuel Supply Agreements (FSAs) based on their long term linkage /Letter of Assurance (LoA) as recommended by Standing Linkage Committee (Long-Term). The coal supply to the steel Public Sector Units (PSUs) is also through Memorandum of Understanding (MoU). Ministry of Coal vide letter No. 23011/51/2015-CPD (Pt-I) dated 15.02.2016 issued policy guidelines for Auction ...

18 November 2017, Jaipur: The 12th Biennial International Conference & Exposition of Society of Petroleum Geophysicists (SPG) India was inaugurated by Union Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship at Jaipur today. The three days International Conference & Exposition of SPG India will remain open till 19th November 2017. During his second consecutive visit to SPG ...

Minerals along with the availability of sufficient water, land and man power resources, Odisha should have been the leading state in India for production of large amounts of energy as well as various types of metals and alloys. It is expected that, the integrated iron and steel, special steels, sponge iron, ferro alloys, aluminium  and aluminium alloys and strategic metal ...

A peep into the stratigraphy of iron ore can give some scope of locating iron ore at deeper level, which is not mineable with present mining technology. There are other resources in the freehold areas which could be included in the mining leases to add to the dwindling resources.  The crises of meeting the needs of steel making industries, we ...

A policy on “Signing of Fuel Supply Agreements (FSA) with Letter of Assurance (LoA) holders of Thermal Power Plants (TPPs) – Fading Away of the existing LoA-FSA Regime and Introduction of a New More Transparent Coal Allocation Policy for Power Sector, 2017 – SHAKTI (Scheme for Harnessing the and Allocating Koyala (Coal) Transparently in India)” has been issued on 22.05.2017. ...

Coal imports have fallen from 217.78 Mte in 2014-15 to 203.95 Mte in 2015-16 and further to 190.95 Mte. in 2016-17. The trend of fall in import of coal has continued in 2017-18. This was stated by Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy and Mines in a written reply to a question ...