Page 7 - Mining

After 4 months of hand over, none of the 48 mines have begun ops: FIMI

FIMI's Sharma said that it will take some more time for these mines to be operational as most of the allottees who have made unsustainably high bids are now taking time to commence operations

Modi reforms come cropper despite big ideas as bureaucrats lack motivation

Despite big ideas, Modi comes off poorly as a reformer. Because his bureaucrats lack the motivation to push reforms and are beginning to enjoy unbridled power

Critical minerals for critical times

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

Coal reforms much needed, but statutory implementation hurdles remain

With the abundant inventory within India, there's a clear a need to reduce imports, especially thermal coal, imports of which were around 200 million tonnes last fiscal

Higher bauxite sourcing helps Vedanta cut alumina-making cost by 8%

Alumina production at Lanjigarh was up 16 per cent y-o-y to 476,000 tonnes

CBI takes over investigation in Barak Valley coal scam case of Assam

The case was recommended for a CBI probe by Assam Chief Minister Sarbananda Sonowal in 2018

BPCL valuation too high, Vedanta will evaluate bid: Anil Agarwal

Agarwal said the share price has moved up 40-50 per cent since the time the government announced its plan to sell stake in November last year

SC allows mining firms to transport already extracted iron ore in Goa

In a major relief to mining firms, the apex court modified its earlier order and permitted transportation of already mined iron ore lying unused at various sites in the state.

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

Immediate term demand outlook in the dealer community is also negative

Mining entities in Karnataka expect iron ore prices to drop further

The company is now waiting for state clearances to resume operation

Govt allows SAIL to sell 25% of its iron ore from captive mines

The ministry of steel has stated that more than 162 mt of low-grade iron ore are available at mine heads in India

India's industrial output growth falls to 2%; power, mining expansion drops

Industrial production growth declined to 2 per cent in June, mainly on account of poor show by mining and manufacturing sectors.

Political unrest, mine mishap bring Talcher Coalfields to a halt

Asia's largest coal mine, with a daily average production of 300,000 tonnes, is facing protests from local people and political parties over a mine accident

UP industrial output grows 3.8% in April due to robust growth in mining

For India, manufacturing and mining had in fact pulled down national industrial growth to 3.1% in May compared to 4.3% in April

Mining's share of India's GDP fell to 1.53% in FY18 from 1.93% in FY13

India's GDP grew from five per cent to seven per cent during the same period

Aggrieved over hefty fees on transfer of leases, miners want waiver

Prior to formulation of the revised MMDR Act, the change in hands at mines happened seamlessly without any financial burden

In post-auction regime, production in new mineral blocks fails to take off

Despite 54 blocks being auctioned, no mining leases have been executed for greenfield blocks

Captive miners seek permits to sell inferior grade ore in bid to cut wastes

Existing rules forbid captive miners from selling rejects, sub-grade or low-grade ores that are not usable for downstream processes

Free unused mineral land reserved for PSUs, says mining sector

As per Rule 58 of Mineral Concession Rules 1960, a certain track of mineral bearing land was reserved for exclusive use of the state governments

Ficci seeks govt's intervention for resuming mining operations in Goa

'The sudden discontinuance of mining operations in Goa is creating a huge loss to the mineral sector as a whole'