Page 27 - Mining Industry

To come out with industry-friendly reforms in mining soon: Pralhad Joshi

The minister also invited investors, explorers and miners to come and explore the huge opportunities that the Indian mining sector offers

CII asks Centre to look into additional tax being charged on minerals

CII cited the provisions of the Mines and Minerals (Development and Regulations)Act under which the mining leases in India for both coal and non-coal are granted and governed

Situation remains uncertain as some states still under lockdown: Coal India

The state-owned miner produced 18.05 million tonnes (MT) of coal from July 1 to July 16 against 19.61 MT produced in the same period last year.

FDI norms to be eased further, other economic reforms in pipeline: Goyal

The minister said that new industrial policy and forest policy would be brought out soon, along with further forms in the mining sector

Coal India arm terms workers strike illegal, to deduct 8-days of wages

Coal workers affiliated to five trade unions had gone on strike from July 2-4.

Chinese miners deals seen stalling over Canada, Australian regulations

Canada and Australia have recently tightened restrictions on investment by state-backed firms, fearing economic dislocation caused by the pandemic will make it easier to buy strategic asset

Coal India unions on 3-day strike to protest against commercial mining, FDI

The workers are protesting against commercial mining and the FDI in the coal sector which was implemented last year by the central government

Countries burning fossil fuel can't give sermons on climate change: Joshi

Pralhad Joshi says he will replace mines from the auction if chief ministers object but they should understand this will change the economic situation in states.

Tata Steel slips into red, logs Q4 consolidated pre-tax loss at Rs 1,499 cr

The company had a profit of Rs 4,252.50 crore in the corresponding period last year

Tenders for nine iron ore and manganese blocks in Odisha likely in July

Timing of auctions critical, premiums unlikely to match merchant mines

Auction for commercial coal mining begins with investor-friendly rules

There is effectively no strict eligibility criterion for participating in the auction. The companies/joint ventures should be registered in India.

NMDC PBT drops by 33% to Rs 1,482 cr in Q4, PAT dips 76% to Rs 351 cr

The company's production of iron ore during the fourth quarter was 9.47 million tonnes (MT) as against 10.5 MT in the corresponding period of the previous year, registering a decrease of 11 per cent

Critical minerals for critical times

National security requires that we review supply chains for critical-mineral industries to deal with obstacles to international trade

Agriculture, mining saved Indian economy in FY20; manufacturing bites

The farm sector is expected to perform well in FY21 as well.

Effective regulations and coherent policy essential for mining sector

The Ministry of Mines is now proposing a major shift in policy that can bring more than 700 mineral blocks into the auction mandate

Miners seek tax rationalisation as Covid mutes demand for minerals

The mining sector is rooting for a uniform tax subsuming all levies and capped at 40 per cent

Covid-19: Goa renews demand for mining resumption for economic revival

The CM told reporters that he had written to the Centre to amend the Mines and Minerals (Development and Regulation) Act

CII seeks incentive package for lockdown-hit mining and metals sector

The demand ranges from financial support to tide over liquidity issues to logistics and trade policy support

Centre amends mining law, exempts several activities from green clearance

It said exemption from the requirement of environmental clearance shall also be given to removal of sand deposits on agricultural fields after a flood by farmers.

Factory workers cope with contagion risk and poor demand

According to Rahul Mehta, president of the Clothing Manufacturers Association of India (CMAI), the business has been impacted drastically