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Commodity Market, Commodities News Today | The HinduBusinessLine

Basmati exporters urge govt to suspend ₹83/tonne levy amid delayed payment, shrinking margin India could limit sulphur exports as supplies tighten, sources say India turns to US, Oman, Nigeria for LNG imports in March as Qatar, UAE supplies dry up China resumes buying broken rice from India Silver Price Today April 16: Latest rates in Delhi, Mumbai, Kolkata, Chennai & Bengaluru Gold rate today April 16: Gold rates up in Mumbai, Delhi, Chennai, Kolkata, Ahmedabad & Bengaluru Indian LNG importers scoop up spot shipments after prices recede Limelight Lab Grown Diamonds targets tier 2-cities with 25 stores in Q1 Crude oil futures edge up despite hopes of US-Iran ceasefire extension ‘Iran war oil shock as disruptive as Covid’ Iran war brings US close to net crude exporter for first time since World War II NAAS suggests govt to consider one-time licensing for imported horticulture hybrids India targets cocoa self-sufficiency by 2040 with national mission and reforms Why is Gold rate surges past $4,850 & Silver crossing $80? Crude unlikely to return to pre-war levels soon; India's import bill may rise $70 billion annually: Report US shuts down Iran’s maritime trade despite optimism for more talks Brent crude edges up ahead of fresh US-Iran talks Global fertilizer supply crunch tightens farm economics Crude oil prices fall for a second day on expectations US-Iran talks may resume Madhya Pradesh CM says basmati rice from the State is exported to 47 nations Russian crude oil imports rebound in March as PSU refiners lift record volumes Oil prices hit record high in March as refiners try to replace West Asian grades: IEA India’s gems and jewellery exports plunge 35% in March on weak demand Inflows into gold ETFs turn positive in past fortnight India’s Russian oil imports surge to €5.3 billion in March on higher volumes Russia restricts helium exports as global supply tightens amid Middle East tensions India’s oil security under pressure as West Asia crisis exposes import dependence risks Fuel price freeze: ₹18/litre loss on petrol, ₹35 on diesel Iran oil hoard at sea shields China’s refiners from US blockade Oil declines as US, Iran weigh more talks; US blockade of shipping to and from Iranian ports in place IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy BALCO deploys AI humanoid agent for real-time training, operations and safety NSE gets MCA approval to launch National Coal Exchange of India India auctions 46 critical mineral blocks, launches 7th round with 19 more: G Kishan Reddy Iranian crude returns to India after seven years as tankers dock at key ports India's March palm oil imports fall 19% to three-month low Crude oil futures rise as US moves to blockade Iranian ports Gold falls on stronger dollar, fading Fed rate-cut hopes Crude oil jumps 7% to above $100 on US’ maritime blockade on Iran Draft CAFE-3 Norms: Govt eases penalties, focuses on carbon credit trading for auto sector India allows Iranian oil tankers to berth at Sikka port under special exemption US expected to extend waiver for Russian oil imports amid global energy price concerns Sharp fall in prices hit gold ETF inflows in March India to continue buying Russian crude oil Gold futures drop ₹1,363 to ₹1,52,071/10g India targets 30 lakh PNG connections amid LPG supply concerns Crude oil futures rise on Hormuz disruptions, Saudi attack reports Unseasonal rain, hailstorms, may drag Indian wheat output by over 5% No LPG shortage in country, vessels continuously coming to India via Hormuz: Petroleum Secretary Neeraj Mittal Russia offers sanctioned LNG to energy-hungry Asia at a discount Crude oil futures rise after Israeli attacks on Lebanon West Asia Conflict: Natural gas allocation to fertiliser sector upped to 95% Oil and Gas prices plunge after US and Iran agree to a ceasefire US ceasefire may boost LPG, LNG supplies to India in short term Natural Diamond Council celebrates ‘World Diamond Day’ India set to get first Iranian crude oil cargo in 7 years Crude oil futures crashes 6% to hit lower circuit as US-Iran ceasefire cools tensions Gold rises to near three-week high as Trump pauses attacks on Iran India’s green energy drive faces critical minerals hurdle amid global race Oil plunges, stocks surge as US-Iran ceasefire sparks global market rally Freight surge, logjam hurts egg exports despite strong demand Sugar consumption in April may fall by 2 lakh tonnes on cool weather and LPG scarcity Industry body urges Maharashtra to retain inspector-free fertilizer policy Government amends mining rules to boost critical mineral exploration and self-reliance Silver futures decline ₹1,479 to ₹2.31 lakh/kg as geopolitical risks lift inflation outlook IGX gas trade rises 28% YoY in FY26 to record 76.8 million MMBtu India returns to buying Venezuelan crude to ease supply crunch Crude oil futures hit record ₹10,888/barrel; 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Coal stock adequate for 90 days available: Union Coal Minister Kishan Reddy
2026-04-13 · via Commodity Market, Commodities News Today | The HinduBusinessLine
Hyderabad, Telangana, 13/04/2026:  Union Minister of Coal and Mines G. Kishan Reddy speaks at the roadshow of 7th Tranche Auction of Critical Mineral Blocks and Tranche - 2 Exploration License at Novotel, HICC in Hyderabad on Monday, April 13, 2026.

Hyderabad, Telangana, 13/04/2026:  Union Minister of Coal and Mines G. Kishan Reddy speaks at the roadshow of 7th Tranche Auction of Critical Mineral Blocks and Tranche - 2 Exploration License at Novotel, HICC in Hyderabad on Monday, April 13, 2026. | Photo Credit: SIDDHANT THAKUR

Union Coal and Mines Minister G Kishan Reddy on Monday said more than 200 million tonne of coal stock adequate for 90 days is available in the country.

Speaking to reporters on the sidelines of a roadshow organised by the Mines Ministry on the 7th Tranche Auction of critical mineral blocks and Tranche-2 Exploration Licence here, he said one billion tonne coal production was achieved in the country for the second year in a row.

"Today, coal adequate for 90 days, either with thermal power plants or at pitheads where mining takes place, is there. Earlier, we used to have coal adequate for only 21 to 25 days. But, today, more than 200 million tonne of coal adequate for 90 days is there with us," he said.

He said the Centre aims to reduce dependence on imports and make the country 'atma nirbhar' (self-reliant) in the minerals sector.

"I would like to say on behalf of the Centre. The government does not work for revenue in the mineral sector. It takes major steps to make the country atma nirbhar in the mineral sector," he said.

Observing that there are a lot of opportunities for extraction of critical minerals in urban mining and coal gasification in the future, he urged the private sector to work together with PSUs, State governments and others.

Reddy said there is a possibility of extracting 30-40 per cent of critical minerals required for the country through scrap from urban mining.

The government is preparing an action plan to extract critical minerals from refrigerators, air-conditioners and others by collecting scrap from every town, he said.

Union Mines Secretary Piyush Goyal said during FY 2025-26, a record 212 mineral blocks were auctioned compared to 364 blocks auctioned in the previous four years combined, taking the total to 684 blocks since the introduction of the auction regime in 2015.

In the critical mineral segment, 22 blocks were auctioned during the year. Thus, overall 71 critical mineral blocks have been auctioned so far, including 46 by the Centre and 25 by the State governments.

The 7th Tranche of critical and strategic mineral block auctions was launched on March 23, which comprises 19 blocks, 17 composite licence and two mining lease, he said.

He further said critical mineral is the sunrise sector and its importance is only going to rise with each passing year.

Over the past few years, the Ministry has undertaken a series of pathbreaking reforms aimed at improving transparency, enhancing efficiency and accelerating the pace of operationalisation, he said.

Published on April 13, 2026