Page 4 - Mining

Political unrest, mine mishap bring Talcher Coalfields to a halt

Asia's largest coal mine, with a daily average production of 300,000 tonnes, is facing protests from local people and political parties over a mine accident

UP industrial output grows 3.8% in April due to robust growth in mining

For India, manufacturing and mining had in fact pulled down national industrial growth to 3.1% in May compared to 4.3% in April

Mining's share of India's GDP fell to 1.53% in FY18 from 1.93% in FY13

India's GDP grew from five per cent to seven per cent during the same period

Aggrieved over hefty fees on transfer of leases, miners want waiver

Prior to formulation of the revised MMDR Act, the change in hands at mines happened seamlessly without any financial burden

In post-auction regime, production in new mineral blocks fails to take off

Despite 54 blocks being auctioned, no mining leases have been executed for greenfield blocks

Captive miners seek permits to sell inferior grade ore in bid to cut wastes

Existing rules forbid captive miners from selling rejects, sub-grade or low-grade ores that are not usable for downstream processes

Free unused mineral land reserved for PSUs, says mining sector

As per Rule 58 of Mineral Concession Rules 1960, a certain track of mineral bearing land was reserved for exclusive use of the state governments

Ficci seeks govt's intervention for resuming mining operations in Goa

'The sudden discontinuance of mining operations in Goa is creating a huge loss to the mineral sector as a whole'

Mining sector wants 'One Tax Regime', seeks 40% cap on effective rate

India's mineral sector is the most taxed among all countries, with the effective tax rate on mining as high as 60-64%

Govt changes tack on conserving dense forests, okays mining in Chhattisgarh

Coal mining has been allowed in the 5-mtpa Parsa Open Cast Coal Mine, about 841.5 hectares from Chhattisgarh's Hasdeo Arand forest, one of India's densest sal forests

Funds from mineral auctions for people affected by mining too little: TERI

DMF has only 2-3% share of revenue from mineral block auctions, according to a TERI report

Govt now set to bypass tribal rights to fast-track mining projects

Environment ministry says consent of tribals and settlement of land rights are not required at the time of giving initial go-ahead to projects coming up on tribals' traditional land

Little local involvement as 50 mining districts set to spend Rs 5,800 cr

Total amount likely to be higher as Uttar Pradesh, Tamil Nadu yet to set up DMFs in all districts

'Mining companies must take steps to conserve environment'

Indian Bureau of Mine Controller General R K Sinha says steps to adopt more scientific way of mining are being taken

Mining should be barred in 40% of India's forests: Forest Survey report

Environment ministry is yet to act upon report; coal block study hasn't been implemented either

Mining cash pile signals a bounty for investors as markets rally

After 3 years of losses, index of industrial metals has rallied 26% this year

37 mineral blocks to be re-auctioned by December

These blocks received tepid response in the recently held auction of non-coal mines

Mines Ministry asks DAE to provide data for auction of mines

DAE has informed ministry that about 1,000 sq km will be available for auctioning to private firms for mining

Centre asks mineral-rich states to expedite mining lease disposal

Asks setting up of state-level committees to thoroughly vet such cases before forwarding same to Centre

Govt expects auction of 30 mineral blocks by Aug

Union mines secretary Balvinder Kumar said the government is yet to take a call on imposition of safeguard duty to check the spate of cheaper imports of aluminium