MARKETS

Coal at the centre of India's election promises

INDIAN Union Minister for Power and Coal Piyush Goyal has announced his plans to ensure 24 hour e...

Sadie Davidson
Coal at the centre of India's election promises

Goyal is pushing for an increase in national coal production to ensure a cheap and reliable source of energy.

When visiting the HQ of Coal India in Kolkata, Goyal said he wanted to “create a synergy between the coal and environment ministry”

He said his goal was to make sure environmental clearance did not hinder the exploration of mines.

There are more than 200 coal blocks awaiting environmental consideration.

While at the meeting in Kolkata, Goyal said: “We will have to enhance coal supplies while sorting out environmental issues, both of which result from policy paralysis over the years”.

The minister also hinted at a pay rise for Coal India employees.

“We looked at all the possible ways and means to incentivise employees in order to increase coal production”, Goyal told reporters as he left the meeting.

The ultimate goal is to set up a Coal Regulatory Authority to streamline the environmental and industry approval processes.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets