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Aug 29, 2019· Global companies such as BHP, Peabody Energy and Glencore can now own coal mines and carry out related operations in India, with the cabinet approving 100% foreign direct investment under the automatic route in mining, processing and sale. Wednesday’s move to fully open up coal mining to foreign players could help get latest technologies, reduce fuel shortages that have
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Aug 30, 2019· The last time companies actively bid for coal mines in India was in 2015-2016, and that bidding spree occurred because the country's top court in 2014 canceled allocations of 214 coal
Jul 30, 2020· The holding company of these coal firms, Coal India Ltd (CIL), pays about 30 per cent of its total royalty to Jharkhand alone, while the share of production from the state is about 20 per cent, he said. Jharkhand is the only state in the country to have three coal companies simultaneously excavating coal out of its mineral-rich soil, he said.
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Mar 08, 2019· Poland and India have a long history of collaboration in coal mining. One of the first underground coal mines in India, situated in Moonidih in the present day state of Jharkhand, was developed and operationalized with assistance of Polish mining sector companies in the 1960s.
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Jun 26, 2020· “At a time when the world’s largest coal mining company Coal India Limited (CIL) is producing 80% of our coal with Profit Before Tax of Rs 27,000 crore (2018-19) and holding a
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Mar 12, 2020· Parliament on Thursday passed a bill that will remove end-use restrictions for participating in coal mine auctions and open up the coal sector fully for commercial mining by domestic and global companies. The Mineral laws (Amendment) Bill was passed in Rajya Sabha with 83 MPs voting in its favour and 12 against. The Lok Sabha had passed the bill last Friday.
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