Research and Markets has announced the addition of the “Indian Coal Industry” report to their offering.
India is the third-largest producer and consumer of coal in the world. With proven reserves of 257.38 billion (Bn) tonnes, coal is one of the most abundant sources of energy in the country. In 2007, coal accounted for 51 percent [...]

Ispat Industries’ promoter Pramod Mittal-owned Global Steel Holdings Limited has signed up mining leases for iron ore and coal reserves in Brazil, Colombia and Mozambique.
A GSHL spokesman confirmed the development, saying it has signed multiple iron ore leases with Brazil and for thermal and coking coal exploratory blocks with Colombia and Mozambique.
While the spokesman [...]

India’s coal mining sector must eventually open up to allow foreign companies to own equity stakes if much-needed domestic production is to rise as fast as possible, state-run MMTC Chairman Sanjiv Bhatra told Reuters on Monday.
“For India as a whole there is no alternative but to open up to foreign investments through privatisation,” he [...]

India approved the auction of 39 coal blocks to state-run and private power companies to meet the demand for power.
The blocks would be awarded to government-controlled National Thermal Power Corp., Tata Power, Essar and Jindal Steel and Power Ltd.
“The (coal) ministry has cleared the allocation of 39 coal blocks for various government-owned and private [...]

India says it has plans to auction 38 coal blocks with a reserve of 6086.67 million tons to the power, steel, iron and cement sectors in 2007.
“The coal reserves of 38 blocks to be allocated for captive mining through the screening committee route is estimated to be 6086.67 million tons,” India’s Junior Coal Minister Dasari [...]

In a move likely to stir vehement opposition from Left parties, the planning commission has made a strong pitch for denationalising the coal sector in what could turn the clock back to the seventies.
Pressing the case for private investment in the coal sector — which is the exclusive domain of state-owned Coal India and its [...]

Orissa Steel and Mines Minister Padmanabha Behera today dismissed charges that the state government had become embroiled in a Rs 50,000 crore scam by signing an agreement with Vedanta Aluminum Limited (VAL) to provide it 150 million tonnes of bauxite through captive mining.
“The allegation that the Orissa Mining Corporation (OMC) agreed to hand over bauxite [...]

The government would offer 20 blocks for captive mining for which it has received more than 700 applications.
Speaking at the Energy Summit here today, advisor (projects) with the Coal ministry P R Mandal said that a meeting had been convened on June 23 to discuss the modalities for distributing the blocks among the parties.
Earlier, 97 [...]