Page 3 - Mining

Resuming mining in Goa to give much needed fillip to state economy: GCCI

GCCI made a case for the resumption of mining in the state, saying it will give much needed fillip to the state's economy in form royalty and taxes and also prove to be a viable source of livelihood

Vedanta board to meet on Saturday to consider first interim dividend

The total number of shares tendered by Vedanta Ltd's public shareholders fell 7 per cent short of the mandatory minimum 90 per cent for successful delisting.

Stockpiles of unsold iron ore at mine-heads are increasing: FIMI

FIMI has said that stockpiles at mine-heads are increasing and not allowing their export will amount to complete wastage of a material which can earn valuable foreign exchange for the country

NGT directs Rajasthan chief secretary to circulate guidelines on mining

Illegal mining remains a challenge and poses serious threat to environmental protection, the NGT said, directing Rajasthan's Chief Secretary to circulate guidelines on the issue at grass root level

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

Procedure for forest clearance subverted, turned farcical, says report

Prime Minister Narendra Modi had announced in June that 41 new coal blocks would be opened for auction to the private sector

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

Mining, construction equipment sector may face 20% volume dip in 2020: Icra

The domestic credit rating agency said it continues to maintain negative outlook for the domestic MCE sector based on the prevailing overall scenario

After 4 months of hand over, none of the 48 mines have begun ops: FIMI

FIMI's Sharma said that it will take some more time for these mines to be operational as most of the allottees who have made unsustainably high bids are now taking time to commence operations

Modi reforms come cropper despite big ideas as bureaucrats lack motivation

Despite big ideas, Modi comes off poorly as a reformer. Because his bureaucrats lack the motivation to push reforms and are beginning to enjoy unbridled power

Critical minerals for critical times

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

Coal reforms much needed, but statutory implementation hurdles remain

With the abundant inventory within India, there's a clear a need to reduce imports, especially thermal coal, imports of which were around 200 million tonnes last fiscal

Higher bauxite sourcing helps Vedanta cut alumina-making cost by 8%

Alumina production at Lanjigarh was up 16 per cent y-o-y to 476,000 tonnes

CBI takes over investigation in Barak Valley coal scam case of Assam

The case was recommended for a CBI probe by Assam Chief Minister Sarbananda Sonowal in 2018

BPCL valuation too high, Vedanta will evaluate bid: Anil Agarwal

Agarwal said the share price has moved up 40-50 per cent since the time the government announced its plan to sell stake in November last year

SC allows mining firms to transport already extracted iron ore in Goa

In a major relief to mining firms, the apex court modified its earlier order and permitted transportation of already mined iron ore lying unused at various sites in the state.

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

Immediate term demand outlook in the dealer community is also negative

Mining entities in Karnataka expect iron ore prices to drop further

The company is now waiting for state clearances to resume operation

Govt allows SAIL to sell 25% of its iron ore from captive mines

The ministry of steel has stated that more than 162 mt of low-grade iron ore are available at mine heads in India

India's industrial output growth falls to 2%; power, mining expansion drops

Industrial production growth declined to 2 per cent in June, mainly on account of poor show by mining and manufacturing sectors.