R/€ = 15.90 Change: -0.01
R/$ = 14.08 Change: 0.00
Au 1320.93 $/oz Change: 5.93
Pt 805.07 $/oz Change: 17.61

Ajoy K Das

India hands over national oil company assets to private investors

14th February 2019 Finally overruling strident opposition, the Indian government has approved taking away smaller discovered oil and natural gas blocks of its national oil exploration and production (E&P) majors and allocating them to private investors through auctions. The move, criticised by a section in... 

CIL lines up capex for renewed thrust on developing CBM assets

12th February 2019 Seizing an opportunity offered by recently relaxed rules, State-run miner Coal India Limited (CIL) has lined up a corpus of around $422-million to kick-start its sputtering coalbed methane (CBM) projects. The renewed thrust of getting the CBM projects off the ground would be initiated by Bharat... 

Indian Power Ministry directs priority coal supplies to pithead plants ahead of summer

11th February 2019 The Indian Power Ministry has issued directives to its counterparts in the Coal Ministry and Indian Railways (IR) to give the highest priority to dry fuel supplies to pithead thermal power plants, in light of a trend of lower coal dispatching from Coal India Limited (CIL) and an expected summer... 

India’s Mines Ministry mulls bundled approvals ahead of new mine auctions

6th February 2019 India’s Mines Ministry is working on a proposal to bundle mandatory approvals, like forest, environment and pollution, for bidders of 288 mining leases slated to expire in March next year. According to a government official, putting together mandatory approvals prior to holding auctions would... 

HCL starts work on reopening copper mine, developing greenfield reserve

4th February 2019 Indian State-run Hindustan Copper Limited (HCL), the country’s sole integrated copper producer, on Saturday started construction of a concentrator at its Rakha mines, marking efforts to restart the mines in the eastern state of Jharkhand. The ground-breaking ceremony at Rakha for construction of... 

India receives 145 bids for 25 small oil, natural gas fields at auction

31st January 2019 The second round of auction of 25 discovered small fields (DSF) in the Indian oil and natural gas sector has received 145 bids from 39 investors, including six foreign companies, the sector regulator has reported. The Directorate General for Hydrocarbons (DGH) states that domestic oil and natural... 

India's iron-ore output at 9-year high, but shortage looms next year

31st January 2019 India is poised to close the current financial year with iron-ore production of about 210-million tons, the highest in the last nine years, but domestic steel mills are still haunted by the spectre of a shortage of the raw material from next year. According to estimates from industry body, the... 

India permits women to work in underground coal mines

30th January 2019 India’s Labour Ministry has issued notifications amending rules that will now permit women to work in underground coal mines to ensure gender equality and open up greater job opportunities. The rules have been amended for women working in opencast coal mines too. Until now, women were permitted... 

India to look at mining agreements during Argentine President's visit

30th January 2019 India is preparing the groundwork to sign a slew of bilateral agreements with Argentina encompassing nuclear energy, and the mining of copper, lithium and cobalt during the visit of Argentine President Mauricio Marci, next month. The Argentine President will be leading a high-level business... 

Indian State-run JV to scout for overseas assets

28th January 2019 The Indian government has formally approved a joint venture (JV) of State-run mineral companies exclusively dedicated to acquiring strategic mineral assets overseas. Christened Khanij Bidesh India Limited (Kabil), the JV partners to pick up equity will include, National Aluminium Company Limited... 

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