Page 7 - Mining Industry

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

Miners seek tax rationalisation as Covid mutes demand for minerals

The mining sector is rooting for a uniform tax subsuming all levies and capped at 40 per cent

Covid-19: Goa renews demand for mining resumption for economic revival

The CM told reporters that he had written to the Centre to amend the Mines and Minerals (Development and Regulation) Act

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

Centre amends mining law, exempts several activities from green clearance

It said exemption from the requirement of environmental clearance shall also be given to removal of sand deposits on agricultural fields after a flood by farmers.

Factory workers cope with contagion risk and poor demand

According to Rahul Mehta, president of the Clothing Manufacturers Association of India (CMAI), the business has been impacted drastically

India's omission from Fraser survey to shrink foreign funds into mining

Calendar 2019 marked the third straight year in which India did not feature; country may also lose access to state-of -the-art technology due to exclusion from benchmark study

Mining sector's GDP share sees decline due to disruptions in Goa, Karnataka

Closure of mines and disruptions due to changes in legislations has thrown the sector out of gear, curtailing production and endangering jobs

Auctions fail to get mine blocks running, only five leases inked in 5 years

Analysis by Fimi shows how auctions have lulled mining from virgin blocks

SC reserves order in mining case, but union minister 'welcomes' verdict

Shripad Naik, minister of state for defence, issued a statement welcoming the Supreme Court 'judgement' on iron ore mines in the state

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

Industrial output breaks 3-month downward streak, expands by 1.8% in Nov

The rise in IIP helped pull up cumulative growth in industrial output to 0.6 per cent in the April-November period of FY20

'Soviet Union commanded respect': Vladimir Potanin, Russia's richest man

Mining tycoon Vladimir Potanin is one of Russia's 'original oligarchs' and the richest man in eastern Europe.

Six coal mines marked for end-use under allotment process, says govt

The Coal Ministry on Friday said it is considering allotment of six coal mines that have been marked for end-uses like power, iron and steel and sale of coal. The ministry had started allotment process for 15 coal mines for various specified end-use such as in power and iron & steel sectors. In the allotment process, applications were received in the case of six out of 15 coal mines, the coal ministry said in a release. On the basis of evaluation of applications received in the allotment process, six mines namely Durgapur II Taraimar/Durgapur II Sariya, Mandakini, Utkal C, Sugia Closed Mine and Tokisud North are under consideration for the allotment, the coal ministry said. The mines will add over 5 million tonnes (MT) coal per annum to the country's coal output besides reducing dependence of industries on imported coal, the ministry said. "These mines will add more than 5 MT coal per annum and boost the coal production in the country and reduce the dependence of industries on ...

Software, mining, book printing not part of 15% corporation tax relief: FM

The negative list includes computer software development, mining and printing of books as they are not manufacturing per se, the minister added

Dysfunctional Donimalai mine to weigh on NMDC's near-term prospects

Cheap valuation, high dividend yield only comforting factors for stock

Distress in Karnataka, NMDC gets 'mining lease' breather in Chhattisgarh

Wary of Karnataka development, NMDC started the exercise to avoid any unfavourable precedence to be set that could jeopardise its lease renewals in other states

Great Eastern, Essar seek Bengal govt's approval for shale plans

The development comes after the central government eased the rules on exploration of unconventional hydrocarbons

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

Immediate term demand outlook in the dealer community is also negative

Miners restore a part of rough diamond supply on hopes of festive demand

Industry banking on 60-day festival sales that start with Diwali and encompass Christmas, New Year and Chinese New Year