Consultative meetings with stakeholders to discuss methodology for commercial coal mining on January 28-29
"A discussion paper containing the draft methodology and key bidding terms and conditions on the auction of coal mines for sale of coal has already been uploaded on the website of Ministry of Coal," coal ministry said adding that in this regard, "roundtable meetings for stakeholders' consultation" are scheduled on January 28 and 29, 2020.
ArcelorMittal-Nippon Steel participating in auctions in Odisha: CEO Dilip Oommen
Speaking on the importance of the opportunity, AMNS CEO Dili...
Seized assets of Nirav Modi to be auctioned on Feb 27th, Saffronart to host 2 sales
Fugitive businessman Nirav Modi's seized assets including...
Seized assets of Nirav Modi to be auctioned at Saffronart's two upcoming sales
Fugitive businessman Nirav Modi's seized assets including artworks, luxury watches, handbags and cars will go under the hammer at Saffronart's two upcoming auctions.
Pashminas & Pichwais at an auction near you soon: Durokha-Doranga, made over a decade, expected to fetch Rs 60L
The carpet and rugs segment offers a range showcasing an entire hunting scene made of Tabriz wool.
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.
Supreme Court forms committee to auction Amrapali properties
The court noted that the committee will see properties should be sold first, which includes identifying the market value, as funds are primary to complete the unfinished projects.
Odisha likely to auction Sukinda chromite and Guali iron ore mine
Odisha had kicked off the auctions of working mines by first putting two non-captive chromite blocks under the hammer – the Kamarda deposit being mined by BC Mohanty and the Saruabil mine by Misrilall Mines. Both were bagged by a Tata Steel subsidiary at steep bids of 96.8 percent and 88.5 per cent and respectively.
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.
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.
RBI to buy, sell GSecs worth Rs 25,000 crore
The auction will be conducted on January 20 with settlement the next day.
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.
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.
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.
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