Page 6 - Mining Industry

L&T bags biggest order ever for construction & mining equipment biz

To supply 46 units of Komatsu Mining Equipment to Tata Steel

Tata Steel Mining commence operations at two of its Odisha chromite mines

The commissioning of these 'Twin' mines follows the start of operations at Sukinda mine

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

Mining: Major investors anticipate potential in liberalised rules

Mining companies say the plans to introduce an exploration-cum-production regime that the finance minister announced in May for 500 mineral blocks has not come a moment too soon

How the SC order on use of natural resources could muffle investments

If a resource has become useful only because someone has improved it through an investment, there should be no reason not to let that addition be counted and the valuation determined accordingly

Digital mining to be source of transformational change, says FIMI

Miners' body FIMI on Thursday said digitalisation is challenging traditional industry lines and business models and there is a need for adoption of technology and digital mining in India

To come out with industry-friendly reforms in mining soon: Pralhad Joshi

The minister also invited investors, explorers and miners to come and explore the huge opportunities that the Indian mining sector offers

CII asks Centre to look into additional tax being charged on minerals

CII cited the provisions of the Mines and Minerals (Development and Regulations)Act under which the mining leases in India for both coal and non-coal are granted and governed

Situation remains uncertain as some states still under lockdown: Coal India

The state-owned miner produced 18.05 million tonnes (MT) of coal from July 1 to July 16 against 19.61 MT produced in the same period last year.

FDI norms to be eased further, other economic reforms in pipeline: Goyal

The minister said that new industrial policy and forest policy would be brought out soon, along with further forms in the mining sector

Coal India arm terms workers strike illegal, to deduct 8-days of wages

Coal workers affiliated to five trade unions had gone on strike from July 2-4.

Chinese miners deals seen stalling over Canada, Australian regulations

Canada and Australia have recently tightened restrictions on investment by state-backed firms, fearing economic dislocation caused by the pandemic will make it easier to buy strategic asset

Coal India unions on 3-day strike to protest against commercial mining, FDI

The workers are protesting against commercial mining and the FDI in the coal sector which was implemented last year by the central government

Countries burning fossil fuel can't give sermons on climate change: Joshi

Pralhad Joshi says he will replace mines from the auction if chief ministers object but they should understand this will change the economic situation in states.

Tata Steel slips into red, logs Q4 consolidated pre-tax loss at Rs 1,499 cr

The company had a profit of Rs 4,252.50 crore in the corresponding period last year

Tenders for nine iron ore and manganese blocks in Odisha likely in July

Timing of auctions critical, premiums unlikely to match merchant mines

Auction for commercial coal mining begins with investor-friendly rules

There is effectively no strict eligibility criterion for participating in the auction. The companies/joint ventures should be registered in India.

NMDC PBT drops by 33% to Rs 1,482 cr in Q4, PAT dips 76% to Rs 351 cr

The company's production of iron ore during the fourth quarter was 9.47 million tonnes (MT) as against 10.5 MT in the corresponding period of the previous year, registering a decrease of 11 per cent

Critical minerals for critical times

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

Agriculture, mining saved Indian economy in FY20; manufacturing bites

The farm sector is expected to perform well in FY21 as well.