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Coal futures fall due to tepid demand

According to media reports, the weak demand for coal across the globe, especially in Europe, drove down the benchmark coal futures price to a three-year low in recent trading session. Coal futures, referred to as swaps in the industry, traded below $90 a tonne, their lowest since April 2010 when demand for coal in Europe declined because of the globa

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CIL fails to achieve output, offtake targets

Even as Coal India (CIL) registered growth in production and offtake during April and May 2013 from the corresponding period of the previous year, it failed to attain the target on these fronts. For example, while the company aimed to produce 71.65 million tonne (mn t) of coal in April and May, it could manage only 70.30 mn t. Similarly, it missed its offtake target for April-May as it sold 78.16 mn t of the fuel against the target of 80.95 mn t.

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WBMDTCL asked to provide bank guarantee

In a letter to West Bengal Mineral Development & Trading Corporation, the union coal ministry asked the former to provide bank guarantee (BG) of Rs 1.3 crore for a coal block in West Bengal. In 2006, the coal ministry allotted the Ichhapur coal mine in the the Raniganj coalfields of West Bengal to the company for commercial use. The mine has geol

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CII wants govt to de-regulate coal sector

In its report on Bulk Mineral Allocation methodology, Confederation of Indian Industry (CII) suggested the government to de-regulate coal sector and allow private miners to sell the coal they mine, upon de-nationalisation. This will add an option value to the blocks being allocated, the report said. The industry body feels that private firms should be allowed to sell the coal they mine as it would make the secto

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T'puram to launch work on ring roads

The Trivandrum Development Authority (TRIDA) has decided to go ahead with the second phase of the Capital Region Development plan, providing outer ring roads to the city. The Kerala government is only in the final stages of selecting a transaction advisor for the plan. The empowered committee headed by the Chief Secretary is in the process of shortlisting the advisor for preparing a detailed project report, Chairman of the Authority PK Venugopal said.

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Bangalore's Sarjapur Road to be restored in 4 months

The Bangalore Development Authority (BDA), which is building a signal-free corridor between Sirsi Circle and Agara, plans to complete the restoration work on Sarjapur Road and 80-feet road in four months. The announcement has brought some cheers to the residents of Koramangala and other road users.

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Govt to bring changes in toll collection rights

Developers involved in widening four-lane roads to six lane may have to wait till the completion of the projects before collecting toll. The Union Road Transport Ministry is planning to rewrite the Model Concession Agreement (MCA) that allows them to collect toll.

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Tourist facilities to dot TN's highways

The Tamil Nadu government is taking initiative to develop facilities at its tourist spots and generate further revenue. The Tamil Nadu Tourism Department plans to provide tourist-friendly facilities along highways by establishing high-standard amenities at an interval of 50 km. Both private and corporate promoters would be encouraged to take part in the project. Travellers would be able to access numerous facilities like restaurants, bookshop, medical shops, ATMs, and Internet caf?s.

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National Wildlife Board stops mining near Barda sanctuary

The standing committee of the National Board for Wildlife (NBWL) has halted resumption of work at five old open-cast limestone mines located within eight km south-east of Barda Wildlife Sanctuary in Porbandar. The Board is concerned about the possible impact on the ability of Asiatic lions to reclaim their former territory. The Board has deputed two of its members-r MK Ranjitsinh and Kishore Rithe, to carry out a site inspection before any clearances are granted to the mines, together slated to

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Haryana's HPGCL wants its own captive mine

The Haryana government is trying for its own captive coal block to meet the coal requirement of its power plants in the state. The State-owned Haryana Power Generation Corporation (HPGCL) has submitted multiple applications to the Union Coal Ministry for allotment of coal block in Chhattisgarh or Madhya Pradesh for the existing and future thermal plants in the state.