R/€ = 15.96 Change: 0.12
R/$ = 13.97 Change: 0.23
Au 1221.90 $/oz Change: 6.41
Pt 848.00 $/oz Change: 6.21

Ajoy K Das

India’s Nalco to bid for bauxite blocks at auctions, readies to foray into merchant mining

16th November 2018 With various Indian state governments readying to put 21 bauxite mines up for allocation, State-run National Aluminium Company Limited (Nalco) will put in bids at the auctions for captive consumption and foray into merchant mining of the raw material. The 21 bauxite blocks will be auctioned by... 

GEECL establishes viable shale gas reserves as its CBM blocks

16th November 2018 India’s Great Eastern Energy Corporation Limited (GEECL), an integrated producer of coalbed methane (CBM), will diversify its production of non-conventional hydrocarbons after establishing shale gas reserves in coal block assets in its fold. GEECL announced in a statement that it had been able to... 

India’s Petroleum, Natural Gas Ministry to overrule ONGC on small oil, gas fields

12th November 2018 ndications are emerging that the Indian government will take away oil and gas, small discovered fields (DSF) from ONGC and put them up for auction to private investors, overruling opposition from the State-run exploration and production (E&P) major. In a move that a section claims to be... 

Indian coal production shows signs of revival, but unlikely to keep pace with demand

7th November 2018 Production growth green shoots are emerging among Indian State-run coal mining companies, but it is unlikely that demand from thermal power plants will be met. Singareni Collieries Company Limited (SCCL), which has mining operations in the southern parts of the country, produced 5.27-million tons... 

West Bengal seeks commercial mining permission for Asia’s largest coal block

6th November 2018 Although the opening up of India’s coal sector has been put on the slow track, the West Bengal government is nonetheless seeking the federal government’s approval for commercial mining from a coal block allocated to it – the largest single site reserve in Asia. The West Bengal government was... 

Indian govt to divest 9% of Coal India equity

31st October 2018 In a sudden move, the Indian government on Wednesday announced that it would disinvest 9% of its equity holding in Coal India Limited (CIL) through an offer for sale (OFS) to institutional and retail investors. The sale of 9% equity from total existing government holding of 78.32% was expected... 

India extends Vedanta’s contract for Rajasthan oil, gas fields

30th October 2018 The Indian government has granted a ten-year extension to Vedanta’s contract for exploration and production at the Barmer oil and gas block in the central state of Rajasthan, possibly signalling the end of litigation between the company and government. "The government, acting through the... 

India considering ordinance to resume Goa iron-ore mining

30th October 2018 With national elections barely a year away and pressures mounting from the ground up, India’s federal government is considering bringing in an ordinance to resume iron-ore mining in the western coastal state of Goa. Sources say that local government is concerned over the impact of the closure of... 

India framing funding options for global junior exploration companies

29th October 2018 With global resource majors showing tepid interest in Indian mineral exploration projects, the Mines Ministry is working on models including offers of financial incentives for foreign junior exploration companies to undertake such projects. Government officials familiar with framing of such... 

India allows merchant sale of coal from captive blocks

29th October 2018 With commercial mining of coal unofficially on the backburner, India’s Coal Ministry has tweaked the rules of forthcoming coal block auctions to permit free merchant sales of production by successful bidders. The Coal Ministry has invited tenders for 18 coal blocks for captive mining by... 

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