Page 26 - Mining Industry

Distress in Karnataka, NMDC gets 'mining lease' breather in Chhattisgarh

Wary of Karnataka development, NMDC started the exercise to avoid any unfavourable precedence to be set that could jeopardise its lease renewals in other states

Great Eastern, Essar seek Bengal govt's approval for shale plans

The development comes after the central government eased the rules on exploration of unconventional hydrocarbons

Domestic demand for mining, construction machines dips 17% in Jan-Aug: Icra

Immediate term demand outlook in the dealer community is also negative

Miners restore a part of rough diamond supply on hopes of festive demand

Industry banking on 60-day festival sales that start with Diwali and encompass Christmas, New Year and Chinese New Year

Iron ore stockpile at mine heads could hurt production post auctions

Inventory at pit-heads of mines lapsing by next March end largely has lower grade fines with Fe content of up to 62%, which has no takers in domestic market

Contractor market in coal mining to grow to Rs 60,000 crore by 2030: KPMG

KPMG has also looked at some of the active mining contractors and compared their financial and technical competencies

An eye in the mine: Hindustan Zinc using drones underground to dig deep

HZL is currently using line-of-sight drones while it waits to try fully autonomous drones by next year

Auctions can't get new mines running, no lease inked for greenfield assets

Before the auction regime, 2,754 mining leases were executed during 2006-10 and 494 were executed between 2010 and 2014, most of which were greenfield

Fearing no response, Odisha govt delays auctioning of bauxite blocks

Across the country, six bauxite blocks have been offered for competitive bidding. All six blocks have been auctioned in Maharashtra, data from the Union mines ministry website showed

Goa Mining Peoples Front seeks Amit Shah's help to resume mining activity

A meeting between the GMPF and Shah was held earlier in January

From auto to banking, grumble of slowdown is getting louder for India Inc

The companies' combined net profit declined by 10.1 per cent yoy during June '19 quarter against 26.2 per cent yoy growth a year ago

Voltas mining equipment division pins hope on Vale to drive growth

Previously, India made up 80 per cent of Voltas' mining equipment business, while the rest came from Africa; today Mozambique accounts for 70 per cent of its revenues from this segment.

Mining in the deep end: Iron ore and manganese miners are staring at mayhem

Leases of miners are going to expire in March 2020 and there is no way the arduous process of auction of mines will complete before the it expire

Merchant mining leases lapsing by March 2020 may get three-year extension

Fimi had earlier said non-extension will disrupt raw material supplies to steel, other industries. Nearly 70% of steel plants don't have captive iron ore resources and have to rely on merchant miners

Mining industry seeks export duty waiver on non-metallurgical grade bauxite

Non-plant grade bauxite isn't used in aluminium smelters that go for higher grades. With little demand in the domestic market, miners of non-plant grade bauxite usually take recourse to exports

OMC to open four new mines, increase output to beat iron ore crunch

253 iron ore mines are lapsing nation wide by March 2020. Of the total mines headed for expiry, only 33 are working