Page 2 - Mineral Sector

Odisha govt approves projects worth Rs 640.55 crore under OMBADC

The projects worth Rs 640.55 cr were approved under Odisha Mineral Bearing Areas Development Corporation (OMBADC) in the sectors of the development of secondary schools

Need for increase in mineral exploration activities in eastern states: Govt

The Centre has urged Odisha and its neighbouring states to explore untapped mineral resources in order to cater to rising demand and reduce import bills.

Abundant mineral reserves in Raj, need early resolution of issues: Gehlot

Chief Minister Ashok Gehlot said there are abundant reserves of mineral wealth in Rajasthan and using the resources in scientific and environmental-friendly manner can boost the economy of the country

China aims to hurt US by curbing export of rare-earth minerals: Report

Beijing asks industry executives if proposed restrictions will harm western contractors

Boost to production and pvt investment as mining reforms get green signal

Centre removes distinction between captive and merchant mines, will amend the Mines and Minerals (Development and Regulation) Act, 1957 to enforce reforms

Mineral sector's role as essential service acknowledged amid Covid: Govt

The government on Wednesday said the mines and minerals sector is a major employer in rural areas and its role as an essential service has been acknowledged during the coronavirus pandemic

Industry divided on mineral auctioning; mines' development still a concern

The state exchequer is estimated to earn a total revenue of Rs 8 trillion from the auctioned mineral blocks over the lease period, including an estimated contribution of Rs 6 trillion through auction

Cabinet approves pact between India, Finland for cooperation in geology

The MoU aims to provide a framework and a platform to promote and foster cooperation in the fields of geology, and mineral resources between for mutual economic, social and environmental benefit

Mineral sector could be potential driver of high growth: CII to NITI Aayog

A recent study pegged the employment potential of the mining sector at over 4.8 million direct jobs by 2025

Centre asks states to pick 5 new mineral blocks with clearances for auction

The identified blocks would be auctioned along with other blocks without pre-embedded clearances

Mining leaseholders urge govt to honour concessions saved under regulations

Fimi says existing leaseholders have invested huge resources and time to undertake risky exploration activities and have helped India to discover valuable mineral deposits

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

Budget 2020: Fimi pushes for waiver of 15% duty on bauxite exports

Non-plant grade bauxite has limited avenues of usage in India and thus it was mostly exported but the duty on its export hampered business

Unshackling the mineral sector

The national mineral policy now being formulated should set out a specific road map for the sector, and indicate the extent to which mining can contribute to the country's GDP