<p>Undersigned is directed to state that the guidelines for formulation of Mining plan and Mine Closure Plan has been amended. It has been decided by the Government that all coal (including lignite) mining
Three more coal blocks de-allocated. The Inter-Ministerial Group (IMG) on coal today recommended deduction of bank guarantee of two blocks, including Jitpur, given to Jindal Steel & Power Ltd (JSPL) in
New Delhi The inter-ministerial group (IMG) on Tuesday recommended the cancellation of one more coal block, Macherkunda, and deduction of bank guarantees in case of another two — Jitpur and Chitarpur — for delay in development work. The Macherkunda block belongs to Bihar Sponge Iron while Jitpur and Chitarpur are allocated to Jindal Steel and Power and Corporate Ispat. The Centre has revoked allocation of three more coal blocks – New Patrapara coal block of Bhushan Steel, Rawanwara North of SKS Ispat and Power and Gourangdih ABC, which is jointly allocated to Himachal EMTA Power and JSW Steel – taking the total number of cancelled blocks to seven.
The ongoing controversy over coal blocks has led the government to hasten efforts to introduce auctioning for future allocations, but the framework devised for bidding has ignored a crucial suggestion by the Chawla committee that could prevent eruption of a similar scam in future. This is despite the panel’s clarification that there is no legal bar disallowing implementation of the suggestion. Ashok Chawla, former finance secretary and now head of the Competition Commission, had chaired a panel on allocation of natural resources. In its report in May last year, it had recommended allowing independent mining companies to participate in the bidding for captive blocks, provided their end-user companies were suitably notified.
JHARSUGUDA: The Ib Valley Area of MCL, facing closure of six mines for want of environment clearance, is expecting a reprieve. Ib Valley Area general manager R P Gupta on Tuesday said as far as the closed
IMG recommends bank guarantee deduction of Tata Power and Hindalco JSW Steel and Himachal Emta Power today lost a coal block in West Bengal, while Tata Power and Hindalco Industries are likely to lose the bank guarantee for their block in Jharkhand. Today, the government cancelled the allocation of the Gourangdih ABC block in West Bengal’s Raniganj coalfields. Deallocation of the block, being developed by JSW Steel and Himachal Emta Power, was recommended on Friday by an inter-ministerial group (IMG) looking into irregularities in the allocation of coal blocks.
New Delhi The government on Monday cancelled the allocation of another coal block over allegations of irregularities and deducted bank guarantees of two allottees for failing to develop the mines in time. The cancelled allocation was that of Gourangdih ABC block given to JSW Steel and Himachal EMTA. The move follows the recommendation of the inter-ministerial group (IMG), which is scrutinising 29 blocks awarded to the private parties out of the total 58 that were issued showcause notices for delays in development. Some of these find mention in the Comptroller and Auditor General's recent performance audit report on captive coal blocks.
On June 4, 2008, Arvind Jain, chairman of CII Chhattisgarh, wrote a letter to the divisional forest officer, Korba, saying that since coal blocks of a few companies fell in the area of a proposed elephant
Sudhir Kant Sahay is honorary executive director of the company Even as the Coal Ministry on Monday decided to cancel the allocation of the Gourangdih ABC block in West Bengal, owned by Sajjan Jindal’s JSW Steel Ltd. and Himachal EMTA, it delayed action against SKS Ispat, linked to Sudhir Kant Sahay, brother of Union Tourism Minister Subodh Kant Sahay, leading to speculation about political pressure on the issue.
Change of ownership at Veerangana Steels under scanner The government’s high-level panel looking into the controversial coal block allocations for captive mining has decided against cancelling three blocks, given to Nagpur-based Shree Veerangana Steels. This is despite the company facing the government’s ire for having allegedly sold its blocks by selling ownership of the firm, in violation of the norms. The inter-ministerial group (IMG) had in its review meeting on Wednesday recommended deducting the company’s bank guarantee but said the block should not be cancelled, due to the progress made by Veerangana in developing the reserves.
Deallocates Gourangdih ABC, jointly given to JSW Steel & Himachal EMTA, with this, govt has approved cancellation of licenses of 5 coal blocks The Government today decided to deallocate one more mine - Gourangdih ABC, jointly given to JSW Steel and Himachal EMTA besides deduction of bank guarantees of two allottees for failing to develop mines within time. This follows the recommendation made by Inter-Ministerial group (IMG) which is scrutinising 29 blocks awarded to the private parties out of the total 58 which were given show cause notices for delays in development and some of these find mention in CAG report.
