The unsecured creditors of Murray Energy Corp.'s metallurgical coal subsidiary objected to the company's bidding procedures for a bankruptcy court auction of the company's Oak Grove operation, a longwall coal mine in Alabama. A newly formed joint venture between Murray Energy and MC Southwork LLC plans to provide a stalking horse credit bid on ...
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Prior to 2015, MMDR Act provided that the reconnaissance permit, prospecting license or mining lease, in respect of coal or lignite could be awarded (through auction by competitive bidding) only to a company engaged in (i) production of iron and steel, (ii) generation of power, (iii) washing of coal obtained from a mine, and (iv) such other end ...
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The 2015 Bill primarily seeks to allocate the coal mines that were declared illegal by the Supreme Court. It provides details for the auction process, compensation for the prior allottees, the process for transfer of mines and details of authorities that would conduct the auction. In December 2014, the ministry notified the Coal Mines (Special ...
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Coal mining (also called colliery) is the process of extracting coal from the ground's surface or from deep underground. Coal miners literally raze entire mountain ranges to feed our insurmountable desire for cheap energy. There's something brutally simple about coal mining. Take away the monstrousbutsophisticated machinery and eco ...
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Auction/Allotment. Coal mining in India has been metamorphosed as far as the policy framework is concerned. From an earlier restrictive model, we have moved on to granting coal mining blocks pursuant to a competitive bidding process, and from prescribing specific enduse to permitting commercial sale of coal. The auctionbased regime introduced ...
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For coal mined by underground mining methods, the royalty rate has been established by regulation at 8 percent of the gross value of coal produced. All royalty collections are managed by MMS. Royalty receipts are shared equally with the state from which the mineral was extracted. A Federal coal lease has an initial term of 20 years.
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Notice on Fixed Amount for Gare palma sector IV/2 and gare palma IV/3 coal mine. Notice of Bank details for submission of Bank Guarantee dtd . Notice for bid opening process. Notice for bid due date . Notice regarding estimated timeline for preparation of GR6th Tranche for 4 coal mines
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The Ministry of Mines, will be launching the first tranche auction of critical and strategic minerals here on 29 th November, 2023. As Chief Guest, Union Minister of Coal, Mines and Parliamentary Affairs, Shri Pralhad Joshi will be launching the first ever critical minerals auction process.
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AUCTION OF COAL MINES FOR SALE OF COAL (13TH TRANCHE OF AUCTION UNDER THE COAL MINES (SPECIAL PROVISIONS) ACT, 2015) ... The bid process has been initiated during the festive period in most of the country due to which diligence efforts have been limited. Moreover, these dates also coincide with CIL linkage ...
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The bidder shall provide supporting documents to prove the coal mine is legal for mining. The main provisions of spot bidding documents are as follows: The qualification of suppliers (i) Those mentioned applicable to term tenders (, coal mine owners, coal mine producers, its whollyowned sales company or an exclusively duly authorized ...
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Limitation on number of Bids: A Bidder shall submit only 1 (one) bid for a particular coal mine. No Affiliate(s) of such Bidder shall submit a bid for the said coal mine. In case an Affiliate(s) of a Bidder also submits a bid for the said coal mine, the bids submitted by the Bidder and its Affiliate(s) will be rejected.
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^The Mine Dossier of the Coal Mine is being provided only as a preliminary reference document to the prospective Bidders, who are expected to carry out their own surveys, investigations and other detailed examination of the Coal Mine before submitting their ids. Tender Document Clause No. Site Visits Information
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Oct. 13, 2015 5:43 pm ET. Ian Ganzer, left, and underground foreman Dave Pettrey at the Yellowbush Mine in Racine, Ohio. Mr. Ganzer is teaming up with investors to buy two coal mines that straddle ...
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AUCTION OF COAL MINES FOR SALE OF COAL (13TH TRANCHE OF AUCTION UNDER THE COAL MINES (SPECIAL PROVISIONS) ACT, 2015) ... (Indian Rupees Five Lakh) with respect to each Bid in the tender process. B. It may be noted that the Mine Dossier o f the Coal Mine is being
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A quarter of the UK's homes sit above abandoned coal mines, long since flooded with water. Now, the mines are being put to a new, zerocarbon use. ... has been refining the process ever since, and ...
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In 2010, the process of allotment of coal mines to private parties was changed and MMDRA was amended to end the adhoc allotment regime. It required GoI to allot coal mines through auction by competitive bidding to companies recognised for private participation in coal mining,, for captive use in iron and steel, power, washing of coal, etc
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Captive Coal Mining Blocks Under the Coal Mines (Nationalisation) Act, 1973, coal mining was mostly reserved for the public sector. By an amendment to the Act in 1976, two exceptions to the policy were introduced viz., (i) captive mining by private companies engaged in production of iron and steel and (ii) sublease for coal mining to ...
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The auction process of 103 coal/lignite mines for sale of coal was launched by the Nominated Authority, Ministry of Coal on March 29,2023. ... Under 2 nd Attempt of Sixth tranche, a total of 5 coal mines were put up for auctions and one bid has been received against 1 coal mine which is a fully explored noncoking coal mine. The PRC of the coal ...
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The last of the 29 mines was bid out successfully earlier in the day. With all the 29 mines expected to begin production by 202425, by the next two years, the government is hoping that all these coal mines put together will enhance the overall national average output by an additional 7%.
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The BLM's planning process for Resource Management Plans, supported by environmental analysis under NEPA, identifies areas that are potentially available to be considered for coal leasing. The planning process considers, among other things, the impacts of a "reasonably foreseeable development scenario," but it does not directly authorize ...
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The proposed auctions have terms and conditions which are very liberal allowing new companies to participate in the bidding process, reduced upfront amount, adjustment of upfront amount against royalty, liberal efficiency parameters to encourage flexibility to operationalize the coal mines, transparent bidding process, FDI through ...
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Public Lands Coal Mine Leasing. Public lands are available for coal leasing after they have been evaluated through the BLM's multipleuse planning process. In areas where development of coal resources may conflict with the protection and management of other resources or public land uses, the BLM may identify mitigating measures which may appear on leases as either stipulations to uses or ...
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A coal mining car at Lackawanna Coal Mine in Scranton, Pennsylvania Coal miners exiting a winder cage at a mine near Richlands, ia in 1974 Surface coal mining in Wyoming, A coal mine in Frameries, Belgium. Coal mining is the process of extracting coal from the ground or from a mine. Coal is valued for its energy content and since the 1880s has been widely used to generate electricity.
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India is planning to reopen more than 100 coal mines previously considered financially unsustainable, as a heatwavedriven power crisis forces the world's thirdbiggest greenhouse gas emitter to ...
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Key features of the auction process include reduction in upfront amount and bid security amount, permission to relinquish part of the coal mine in case of partially explored coal mines, introduction of National Coal Index and National Lignite Index, ease of participation with no entry barriers, full flexibility in coal utilisation, optimized ...
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A material supplier from Belgium would like to produce limestone powder for his custome...
India is rich in various mineral resources and it is an important mineral processing market
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