Following revisions have been made in the list of coal mines offered for auction
Addition of Dolesara, Jarekela and Jharpalam-Tangarghat coal mines to the 1st Tranche of Auction under the MMDR Act, 1957
Withdrawal of Morga South Coal Mine from the 1st Tranche of Auction under the MMDR Act, 1957
Withdrawal of Fatehpur East, Madanpur (North), Morga-2, and Sayang Coal Mines from the 11th Tranche of Auction under the CM(SP) Act, 2015
Accordingly, 38 coal mines are offered for auction for commercial mining under the 11th tranche of auction under CM(SP) Act, 2015 and 1st Tranche of Auction under MMDR Act, 1957, the coal ministry said in a notification on September 3.
Bander block in Maharashtra was first taken off the list of 41 mines following which three blocks in forest areas of Chhattisgarh were identified to be removed.
Coal Minister Pralhad Joshi accepted suggestion of Chhattisgarh government to replace five mines with three new mines on environmental and livelihood concerns in Hasdeo Arand forest area which includes Morga -2, Morga (South), Madanpur north, Shyang, and Fathehpur East.
Auction timeline delayed
Commercial coal mine auction has been delayed as expected with due date for Expression of Interest pushed back by over a month to September 29 from earlier August 18 with auction being planned in the later part of October. The approval of successful bidders is expected by November.
Efforts to auction off blocks in a hurry, many of which are in eco-sensitive areas is now being criticized by a section of environment and climate change watchers. This would jeopardise participation of any major global mining companies as they would like to stay away from such controversies.
Denne historien er fra September 2020-utgaven av Steel Insights.
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Denne historien er fra September 2020-utgaven av Steel Insights.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Steel's Net Zero mission
The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.
Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales
Supply chain disruptions and fuel price hikes have hurt festive sales in a big way as most auto majors posted decline in sales in October.
Seaborne coking coal offers remain range-bound
Seaborne coking coal offers moved in a narrow range in October amid global supply tightness and healthy spot demand.
Global crude steel output down 8% in September
China manufactured 74 mt in September, fall of 21% y-o-y while India’s production went up by 7% to 10 mt.
MOIL embarks on expansion projects
“Even though our country is blessed with manganese ore reserves, we import 50% of the domestic requirement. We have to lower our import dependence and save precious foreign exchange.” Ram Chandra Prasad Singh, Steel Minister
Iron ore handled by major ports down 17% in H1
The 12 major Indian ports handled 27 mt of iron-ore during H1 of 2021, down by 17% from 33 mt recorded for the corresponding period of previous year.
Shrinking China output to boost India exports
“In the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.” Baoshan Iron and Steel Co Ltd
Indian Railways' iron-ore handling up 25% in H1
Indian Railways in April-September of 2021 (H1) transported 84 mt of iron ore, up by 25% over 67 mt during April-September 2020.
September crude steel production up 7.2% y-o-y
India’s crude steel production in September 2021 grew 7.2 percent to 9.547 million tons (mt) over September 2020 but was down by 3.2 percent from August 2021 output, provisional steel ministry data showed.
“Five enablers: way forward to sustainable cleaner steel”
Right and scalable technology, appropriate policy guidance by government, access to finance to fund transition, willingness of customers to pay for cleaner products and infrastructure for use of new technologies are the need of the hour for the sustainable and cleaner steel industry, according to Madhulika Sharma, Chief Corporate Sustainability, Tata Steel.
