Page 29 - Mining Industry

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