Govt to stop substitutable coal import; can go for auction of 100 fully explored new blocks: Joshi
The Cabinet recently approved promulgation of Mineral Laws (Amendment) Ordinance 2020 to amend Mines and Minerals (Development and Regulation ) Act 1957 and Coal Mines (Special Provisions) Act 2015.
Odisha likely to auction Sukinda chromite and Guali iron ore mine
Odisha had kicked off the auctions of working mines by first putting two no...
Supreme Court forms committee to auction Amrapali properties
The court noted that the committee will see properties should be sold first, whi...
Coal auction rules: 4% revenue share, affiliate companies not allowed
The companies can sell the coal blocks after they achieve their peak capacity. Also, the successful bidder shall produce coal not below 50% of the scheduled production as per approved mine plan in a year and not less than 70% of the scheduled production in any block for three years.
RBI to buy, sell GSecs worth Rs 25,000 crore
The auction will be conducted on January 20 with settlement the next day.
No financial and technical yardstick for coal auctions
“The coal ministry has decided against keeping any entry restrictions based on technical or financial criteria, which means there are not likely to be any net worth requirement for firms. The government will incentivise expeditious coal production by firms than restricting entry to ensure serious players,” a senior coal ministry official said.
Govt promulgates ordinance for amendment in laws to ease auction of coal mines
The amendments in the laws would offer unexplored and partially explored coal blocks for mining through prospecting license-cum-mining lease (PL-cum-ML), an official statement said.
Racing ahead: 1968 Mustang that featured in 'Bullitt' rakes in $3.74 mn at auction
The sale makes it the most expensive Mustang ever sold.
Tupac Shakur's black BMW, the one he was shot in, to be auctioned for $1.75 mn in Las Vegas
The car has been upgraded with new tires and rims and has also been given a fresh coat of paint.
Australian bushfire: Serena Williams auctions signed-tennis dress, tennis ball to raise money for firefighters
The auction closes at midday on Saturday.
Shane Warne's baggy green cap fetches $700K at auction, Aussie legend donates money to bushfire victims
The cap comes with an autographed certificate of authenticity from the cricketer.
Australian cricket legend Jeff Thomson auctions baggy green cap, vest for bushfire victims
The two items will go under the hammer through Lloyds Auctions Bushfire Relief Auction.
Auctions a CIL bid to exploit stressed plants: Power companies
Pressure from lenders and desperation for coal may force stressed projects to make aggressive bids at the coal auctions. Also, there are high chances of these projects losing bank guarantees if there is no demand from discoms in two years, power producers said.
Modi's grand coal plan could be up against too big a barrier
India is trying to increase output as new thermal power plants and steel mills boost demand at home even as the world is turning away from the polluting fuel. Last year, the government allowed 100% foreign direct investment in coal extraction amid surging imports and falling output at Coal India. The move didn’t result in any substantial investment.
It's all fish-y: 276 kg bluefin tuna sells for $1.8 mn at New Year auction
Kiyoshi Kimura runs a successful sushi restaurant chain.
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