Page 9 - Mining

Mining sector wants 'One Tax Regime', seeks 40% cap on effective rate

India's mineral sector is the most taxed among all countries, with the effective tax rate on mining as high as 60-64%

Govt changes tack on conserving dense forests, okays mining in Chhattisgarh

Coal mining has been allowed in the 5-mtpa Parsa Open Cast Coal Mine, about 841.5 hectares from Chhattisgarh's Hasdeo Arand forest, one of India's densest sal forests

Funds from mineral auctions for people affected by mining too little: TERI

DMF has only 2-3% share of revenue from mineral block auctions, according to a TERI report

Govt now set to bypass tribal rights to fast-track mining projects

Environment ministry says consent of tribals and settlement of land rights are not required at the time of giving initial go-ahead to projects coming up on tribals' traditional land

Little local involvement as 50 mining districts set to spend Rs 5,800 cr

Total amount likely to be higher as Uttar Pradesh, Tamil Nadu yet to set up DMFs in all districts

'Mining companies must take steps to conserve environment'

Indian Bureau of Mine Controller General R K Sinha says steps to adopt more scientific way of mining are being taken

Mining should be barred in 40% of India's forests: Forest Survey report

Environment ministry is yet to act upon report; coal block study hasn't been implemented either

Mining cash pile signals a bounty for investors as markets rally

After 3 years of losses, index of industrial metals has rallied 26% this year

37 mineral blocks to be re-auctioned by December

These blocks received tepid response in the recently held auction of non-coal mines

Mines Ministry asks DAE to provide data for auction of mines

DAE has informed ministry that about 1,000 sq km will be available for auctioning to private firms for mining

Centre asks mineral-rich states to expedite mining lease disposal

Asks setting up of state-level committees to thoroughly vet such cases before forwarding same to Centre

Govt expects auction of 30 mineral blocks by Aug

Union mines secretary Balvinder Kumar said the government is yet to take a call on imposition of safeguard duty to check the spate of cheaper imports of aluminium

Digging deeper

Bankers can learn from miners about culture change

Premier Explosives bags Rs 72.95 cr order from Singareni Collieries

The company has bagged the order for supplying explosives and other accessories to Singareni Collieries

318 mining lease proposals still stuck

The government might face a massive increase in litigation, with companies knocking on the doors of various courts

India to charge premium for transfer of mining rights

80% charge will be on top of royalty that new mining lease holder will pay to state

Mining conclave to discuss state of auctions, DMF collection

Other issues include framing of minor mineral rules, curbing illegal mining

Mines ministry, states agree to speed up clearances

Push for grant of approvals and land acquisition in a time-bound manner in a bid to promote ease of doing business

Comprehensive approach needed to sustain growth of mining industry

While the industry has come a long way in terms of technology upgradation and modernisation, there is still lot of potential left for improvement, say experts at Assocham mining conference

New policy to allow foreign cos in mine exploration

Govt set to auction more and more blocks to boost mineral production under a new mining regime