Mining In India
Govt may auction six mineral blocks in February, to boost mining sector
The government is likely to put on sale six mineral blocks, including four iron ore mines, in the current month. The move would give a boost to mining sector's contribution to the country's gross domestic product. The four iron ore blocks, situated in Chhattisgarh, are likely to be auctioned on Tuesday, according to the mines ministry. The notice inviting tenders for the mines -- Chhitpuri B iron ore block, Gomter Wakeli, Bijapur, Hahaladdi, North Bastar Kanker, Lohhater, North Bastar Kanker -- were floated last year. The auction of Bandiamottu block in Andhra Pradesh, which has lead and associated minerals such as nickel, cobalt and copper, is also likely to be conducted in February. The notice inviting tender for the block was issued in December last year. Besides, the auction of Udagi Block -- a limestone mine in Karnataka -- has also been extended to be held in February, the ministry said. Since the new procedure for auctioning of mineral blocks was introduced in 2015, a t
 "Govt may auction six mineral blocks in February, to boost mining sector")
Mineral production increases by 4.6% during September: Ministry of Mines
The index of mineral production of mining and quarrying sector in September 2022 at 99.5 was 4.6% higher as compared to the level in March 2021
 "Mineral production increases by 4.6% during September: Ministry of Mines")
AM Mining India completes acquisition of debt-ridden Uttam Galva Steels
AM Mining India Pvt Ltd, part of ArcelorMittal and Nippon Steel joint venture, completed the acquisition of Uttam Galva Steels Ltd, a downstream steel manufacturer in Maharashtra
 "AM Mining India completes acquisition of debt-ridden Uttam Galva Steels")
Centre allows 13 private agencies to do mining exploration operations
With this, there are now a total of 22 private agencies which are engaged in mineral exploration
 "Centre allows 13 private agencies to do mining exploration operations")
Exploration, imports, private firms: India's search for lithium spreads out
'White gold' need for electric car batteries is scarce in the country and getting expensive internationally
 "Exploration, imports, private firms: India's search for lithium spreads out")
Govt releases Natural Resource Accounting to track mineral, energy deposits
The asset accounts would help identify alternate economic and energy-based resources, and aid in developing an ecosystem for containing illegal mining
 "Govt releases Natural Resource Accounting to track mineral, energy deposits")
New mining policy by month-end, says Karnataka Minister Murugesh Nirani
The new state mining policy with focus on the requirements of the coastal districts will be released by the end of this month, Karnataka Minister for Mines and Geology Murugesh Nirani has said
 "New mining policy by month-end, says Karnataka Minister Murugesh Nirani")
Decoded: Why the industry is unhappy with amendments to mining law
The latest amendments come with the Bharatiya Janata Party-led central government opening up key sectors for greater private investment
 "Decoded: Why the industry is unhappy with amendments to mining law")
Allow pvt sector with enhanced tech in mining: Mines minister Joshi
Mines Minister Pralhad Joshi on Friday said the amendments in the mines and minerals act will help create employment opportunities
 "Allow pvt sector with enhanced tech in mining: Mines minister Joshi")
Mining resumption issue needs sympathetic consideration: Suresh Prabhu
The demand for resumption of mining in Goa should be tackled sympathetically, India's Sherpa to G20 and G7 Suresh Prabhu said after meeting families of the people dependent on the mining industry
 "Mining resumption issue needs sympathetic consideration: Suresh Prabhu")
Goa Mining halt led to sense of all-round gloom in state economy: Study
The stoppage of mining in Goa dealt a devastating blow to the livelihoods of people, according to a recent study.
 "Goa Mining halt led to sense of all-round gloom in state economy: Study")
Mining and mineral sector impacted due to Covid-19 led slowdown: KPMG
In the construction sector, there is a lack of automation and the resultant dependence on manual labourers. The monsoon is expected to affect the return to normalcy in Q2 of FY21
 "Mining and mineral sector impacted due to Covid-19 led slowdown: KPMG")
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
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
Letter to BS: Removal of end-use restrictions in mines auction a good step
The government's authority should not be totally compromised. For this, a stance of aggression mixed with caution has to be pursued
 "Letter to BS: Removal of end-use restrictions in mines auction a good step")
Opening up of commercial coal mining to 100% FDI unlikely to boost sector
Allowing 100% FDI in commercial coal mining doesn't augur well for the sector at a time when global capital is fleeing coal
 "Opening up of commercial coal mining to 100% FDI unlikely to boost sector")
Logistics cost & infra bottlenecks blunt Indian mining industry's edge
India's logistics cost as a percentage of its GDP is 14 per cent, against 10% in America and Japan, and 11% for the European Union
 "Logistics cost & infra bottlenecks blunt Indian mining industry's edge")
