India not to grant coking coal mining permit to private miners

Wednesday, 28 January 2015 15:08:35 (GMT+3)   |   Kolkata
       

The Indian government will exclude coking coal assets from its plans to auction coal blocks for commercial mining by private stand-alone mining companies, an official from Indian state-controlled Coal India Limited (CIL) told SteelOrbis on Wednesday, January 28.
 
Given the very limited availability of coking coal resources in the country, the interests of CIL and its plans to increase coking coal production will need to be protected by keeping coking coal mining as the latter’s exclusive domain, the official said.
 
The Indian government earlier this month had issued the Coal Mines Special Provisions Ordinance, empowering it to auction coal blocks to various end-user industries and also adjusting the legal framework enabling private miners to undertake coal mining without end-use restrictions.
 
Until now, coal mining in India has been the exclusive domain of government owned and managed companies under the Coal Nationalization Act 1973.
 
Bharat Coking Coal Limited (BCCL), the wholly-owned subsidiary of CIL and the country’s sole coking coal supplier, accounts for 30 million mt per year of domestic coking coal production capacity, with plans to increase it by 10 million mt per year by 2017 and by another 10 million mt per year by 2020.
 
During the April-December 2014 period, the import-dependent Indian steel industry received 28.47 million mt of coking coal, up from 27.21 million mt in the corresponding period of the previous year.
 


Similar articles

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

India’s coking coal imports from Russia hit peak in April-February of FY 2024-24

26 Mar | Steel News

China’s coking coal imports up 36.52 percent in January-February

26 Mar | Steel News

Fitch Ratings raises iron ore price assumptions for 2024-2026 amid limited supply

22 Mar | Steel News

Ex-Australia coking coal prices heading below $250/mt FOB

21 Mar | Scrap & Raw Materials

Turkey’s coking coal imports up 102.2 percent in January

19 Mar | Steel News

Local Chinese coking coal prices - week 11, 2024

15 Mar | Scrap & Raw Materials

Local coke prices in China decline, further cuts expected

15 Mar | Scrap & Raw Materials

Buyers seek $250/mt FOB for ex-Australia coking coal after latest deal

15 Mar | Scrap & Raw Materials

Ex-Australia coking coal drops closer to $280/mt FOB as suppliers try to push sales

14 Mar | Scrap & Raw Materials