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Page 2 - Mining Sector

Singing star Akon enters Congo mining sector in JV with state company

DAKAR (Reuters) - A company led by American-Senegalese R&B singer Akon has signed a deal to finance a copper and cobalt mine in the Democratic Republic of Congo in a joint venture with a state miner, according to a contract published by the mines ministry.

Singing star Akon enters Congo mining sector in JV with state company
Updated On : 06 Jan 2021 | 10:36 AM IST

Ashapura Minechem hits upper circuit for 3rd day; stock zooms 100% in 7 wks

For the April-June quarter (Q1FY21), the company had reported standalone profit before tax (PBT) of Rs 9.23 crore against Rs 1.15 crore in the year-ago quarter.

Ashapura Minechem hits upper circuit for 3rd day; stock zooms 100% in 7 wks
Updated On : 17 Sep 2020 | 2:54 PM IST

NLC India to roll out power, mining projects worth over Rs 43,000 crore

The company signed a JV agreement with Coal India Ltd (CIL) to set up 5000 Mw of solar and thermal projects. These projects are expected to commence between 2023 and 2027

NLC India to roll out power, mining projects worth over Rs 43,000 crore
Updated On : 08 Sep 2020 | 10:38 PM IST

GDP data: No surprises here; need different policy measures to stem the rot

The only sector to show growth is agriculture, while the government sector disappointed with public admin de-growing by 10.3 per cent

GDP data: No surprises here; need different policy measures to stem the rot
Updated On : 31 Aug 2020 | 6:38 PM IST

Vedanta Group's Gen Z in JV with Australian firm to make mining products

Will set up a Rs 250 cr unit in Rajasthan's Bhilwara, production likely in December or January

Vedanta Group's Gen Z in JV with Australian firm to make mining products
Updated On : 26 Jul 2020 | 10:10 PM IST

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.

Auction for commercial coal mining begins with investor-friendly rules
Updated On : 18 Jun 2020 | 11:42 PM IST

'Atmanirbharata' in coal sector: PM to address mining auction launch event

President, FICCI, Dr Sangeetha Reddy, Chairman Vedanta Group Anil Agarwal and Tata Sons Chairman N Chandrasekharan will also speak during the event

'Atmanirbharata' in coal sector: PM to address mining auction launch event
Updated On : 18 Jun 2020 | 9:00 AM IST

Lockdown woes: Mining shrinks 27%, manufacturing falls 64% in April

Industries such as vehicles, furniture, leather, tobacco, electrical equipment and fabricated metals recorded a contraction of more than 90 per cent during the month

Lockdown woes: Mining shrinks 27%, manufacturing falls 64% in April
Updated On : 16 Jun 2020 | 5:39 PM IST

Covid-19 impact on sectors: A two-quarter wait before growth picks up

The first of a three-part series highlights the issues faced by the auto, financial services, retail, and metals sectors

Covid-19 impact on sectors: A two-quarter wait before growth picks up
Updated On : 23 May 2020 | 11:37 AM IST

Coal washing not mandatory for supply to thermal plants: Environment min

In a gazette notification on Thursday, the ministry amended the Environment Protection Act to drop mandatorily washing coal for supply to thermal power plants.

Coal washing not mandatory for supply to thermal plants: Environment min
Updated On : 23 May 2020 | 1:54 AM IST

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
Updated On : 22 May 2020 | 8:12 PM IST

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

Mining leaseholders urge govt to honour concessions saved under regulations
Updated On : 22 May 2020 | 3:19 PM IST

MSMEs to get loans at 9.25% under Centre's Rs 3-trillion package

100 per cent guarantee coverage will be provided by National Credit Guarantee Trustee Company (NCGTC) for additional funding of up to Rs 3 trillion to eligible MSMEs and interested MUDRA borrowers

MSMEs to get loans at 9.25% under Centre's Rs 3-trillion package
Updated On : 21 May 2020 | 3:44 AM IST

Govt ends monopoly over coal; opens mining sector to private players

Joint auctions of bauxite and coal blocks expected to reduce dependence on imports

Govt ends monopoly over coal; opens mining sector to private players
Updated On : 17 May 2020 | 12:36 AM IST

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

Miners seek tax rationalisation as Covid mutes demand for minerals
Updated On : 29 Apr 2020 | 6:07 PM IST

Coronavirus outbreak: A 21-day lockdown may have cost India Rs 8 trillion

The sectors that have been most impacted are transport, hospitality, and real estate

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Updated On : 14 Apr 2020 | 1:33 AM IST

Budget 2020 dashes hopes of mining sector with no reforms or duty cuts

India's low grade bauxite have become unviable for the producers in international trade

Budget 2020 dashes hopes of mining sector with no reforms or duty cuts
Updated On : 01 Feb 2020 | 7:51 PM IST

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

Mining sector's GDP share sees decline due to disruptions in Goa, Karnataka
Updated On : 31 Jan 2020 | 7:36 PM IST

Opening up mining

Removal of end-use restrictions is a major step forward

Opening up mining
Updated On : 10 Jan 2020 | 9:06 AM IST

Taking steps to develop mining sector, formulating new mineral policy: Govt

The central government has also amended the Mineral Conservation and Development Rules, 2017, said Union Mines Minister Pralhad Joshi

Taking steps to develop mining sector, formulating new mineral policy: Govt
Updated On : 11 Dec 2019 | 5:47 PM IST