13 coal producers, including BHP Billiton and Rio Tinto made a fully funded offer of A$4.85-billion to buy the Queensland Rail (QR) coal track network. Nick Greiner, the chairperson of the Queensland Coal Industry Rail Group (QCIRG) is quoted saying: “Our offer is able to be settled with the government prior to the IPO, and [...]
The state government urged the Central government to reserve 70 per cent of coal blocks for the power sector. Gujarat energy and petrochemicals minister Saurabhbhai Patel in a meeting with Union minister for power Sriprakash Jaiswal urged the Central government that the present arrangement of allotting coal mines to state governments should be continued. For [...]
IANS declared that 250 proposals to divert 50,818 hectares of protected forest land have been approved by the government since the forest Act was passed in 1980. For full story, click here
As per Mr Ashok Dalwai secretary of the state government’s Steel and Mines Department, with Orissa rolling out its proposed steel and power plants, the state would require nearly 100 million tonne of coal additionally every year. For full story, click here
To give a boost to thermal power generation, the government has set an annual coal production target of 1,055 million tonnes in the XIIth Five-Year Plan. For full story, click here
The coal ministry has appeared to have short-changed Jindal Steel and Power Ltd, promoted by Congress parliamentarian Naveen Jindal. The steel-to-power conglomerate has asked the government to redraw a coal acreage given to it, the total area slips far short of what the Centre had promised. For full story, click here
The Queensland government declared that it will try to find jobs for 360 coal workers sacked from a central Queensland mine, as a new report raises fears of job cuts in tourism. For full story, click here
Ideas for a new generation of coal-fired power plants to stave off a potential energy crisis are to be declared by the government of UK. For full story, click here
The Bligh Government has rejected the idea to increase mining royalties to fill the $11billion revenue black hole in the State’s budget. Royalty from coal and other minerals delivered $1.4 billion to state government treasury in 2007-08. About $3.6 billion was forecast in 2008-09 despite a 25% fall in coal prices over the last 8 [...]
The Coal Ministry has suggested scrapping linkages for two of the projects of India’s leading power producer NTPC, saying the proposed units are unlikely to come up in the 11th Five Year Plan (2007-12). For full story, click here
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