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Monday, 18 April 22
GOVT IN DISCUSSION WITH WORLD BANK ON FRAMEWORK FOR COAL MINE CLOSURE - BUSINESS STANDARD
The coal ministry is in discussions with the World Bank for collaboration on the mine closure framework, a government official said on Wednesday.
Coal Additional Secretary M Nagaraju said the government is committed to ensuring that mines are properly and scientifically closed for the benefit of the society.
“We are now actually collaborating with the World Bank to develop a coal mine closure framework,” Nagaraju said during a webinar.
Vast experience of the World Bank in handling mine closure cases in different countries will be highly beneficial and facilitate the adoption of the best practices and standards in handling mine closure cases.
The additional secretary also said both renewable energy (RE) and coal will go hand in hand complementing each other for some more time and then RE will take over the energy security of the country.
The ministry had earlier said it is in the process of finalising a robust mine closure framework on three major aspects – institutional governance; people and communities; and environmental reclamation and land re-purposing on the principles of just transition.
The ministry had earlier said that as of now, the Indian coal sector is doing its best to fulfill the country’s energy demand by augmenting coal production. At the same time, it is also taking various initiatives towards adopting the path of sustainable development with an emphasis on care for the environment and the host community.
However, the Indian coal sector, the ministry had said, is relatively new to the concept of systematic mine closure. Mine closure guidelines were first introduced in 2009, re-issued in 2013 and are still evolving.
“As coal mining in India had started long ago, our coalfields are replete with several legacy mines remaining unused for long. In addition, mines are closing and will close in future also due to reasons such as exhaustion of reserves, adverse geo-mining conditions, safety issues, etc,” the ministry had said.
These mine sites should not only be made safe and environmentally stable but the continuity of livelihood should also be ensured for those who were directly or indirectly dependent on the mines, it had said.
Reclaimed lands will also be repurposed for economic use of the community and state, including tourism, sports, forestry, agriculture, horticulture and townships.
The coal ministry has, therefore, envisaged building an all-inclusive comprehensive nationwide mine closure framework to cover legacy mines, recently closed mines and mine closures scheduled to happen in the short term, the statement had said.
Source: Business Standard
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Thursday, 30 June 22
FINANCIAL GAINS SUPPORT COAL TRANSITION - BALTIC EXCHANGE
Support for the shift away from coal dependency continues to mount, with the International Monetary Fund (IMF) calculating that the move would gene ...
Thursday, 30 June 22
WHY ARE LNG SHIPPING STOCKS RESILIENT? - DREWRY
LNG shipping stocks are proving resilient despite uncertainties about growth in global GDP, high inflation and the ongoing geopolitical crisis caus ...
Thursday, 30 June 22
SPOT AUSTRALIAN THERMAL COAL HAS SURGED, BUT CONTRACT PRICE IS KEY - REUTERS
The spot price of Australian thermal coal is higher than that of coking coal, an unprecedented situation that highlights just how the global market ...
Thursday, 30 June 22
SHANXI PROVINCE RAISES ANNUAL COAL OUTPUT TO 1.3 BILLION TONS TO ENSURE CHINA’S ENERGY SUPPLY - GLOBAL TIMES
North China’s Shanxi Province, a major coal-producing region, recently announced a move to increase its annual coal production output by 107 ...
Thursday, 30 June 22
DIVERGENCE BETWEEN HIGH- AND LOW-GRADE THERMAL COAL PRICES IN APAC TO NARROW - FITCH RATINGS
Prices between high- and low-grade thermal coal in Asia-Pacific (APAC) have diverged since late March 2022, but Fitch Ratings expects the gap to na ...
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- Semirara Mining Corp, Philippines
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- Energy Development Corp, Philippines
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- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
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- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
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- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
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- Alfred C Toepfer International GmbH - Germany
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- Larsen & Toubro Limited - India
- The University of Queensland
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- SMC Global Power, Philippines
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- TNB Fuel Sdn Bhd - Malaysia
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- Parliament of New Zealand
- Bangladesh Power Developement Board
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- The Treasury - Australian Government
- Planning Commission, India
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- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
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- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Economic Council, Georgia
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
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- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
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- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
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- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
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- Sindya Power Generating Company Private Ltd
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- New Zealand Coal & Carbon
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- Xindia Steels Limited - India
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- Toyota Tsusho Corporation, Japan
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- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- White Energy Company Limited
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
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- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
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- Electricity Authority, New Zealand
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- Interocean Group of Companies - India
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- The State Trading Corporation of India Ltd
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- Indian Energy Exchange, India
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- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
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