Fimi

Mineral mining in need of FDI, modern technology: FIMI Director R K Sharma

He says, failure to attract investment in the same order as our geological siblings has kept India as a big net importer of minerals

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

Draft EIA notification to streamline environmental clearance process: FIMI

Miners' body FIMI has welcomed the draft Environment Impact Assessment (EIA) notification, and said that it will help to streamline and rationalise the environmental clearance process. In a letter to Ministry of Environment Forest & Climate Change, Federation of Indian Mineral Industries (FIMI) Secretary General R K Sharma said "we believe the draft Notification is a welcome step towards streamlining and rationalising the environmental clearance process, improve objectivity and transparency along with stakeholder participation." FIMI further said it is a welcome step for the mining sector and the streamlined process in the draft EIA Notification, 2020 will attract major investments, reduce imports and create multiple livelihood opportunities in the country, along with necessary environmental protection and effective monitoring mechanism. The draft EIA notification was issued by the environment ministry in March and public suggestions were invited. The present EIA Notification, ...

Steel under spotlight as price inches towards pre-Covid level

Fimi, EEPC raise issue with the govt over price hike, saying domestic market rates are higher than export prices

Mining group writes to PMO for transparency in domestic steel pricing

Demands domestic steel price monitoring, regulation mechanism

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

Iron ore exports, prices rose sharply, but only eastern miners benefited

According to FIMI, iron ore exports in 2019-20 rose to 36,623.71 tonnes from 16,198.90 in 2018-19

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

Miners want mandatory capex rule relaxed as workers stay away fearing Covid

None of the merchant mines in Odisha whose lease validity expired by March 31 has been able to restart. Though the successful bidders have got LoI, they awaiting formal vesting orders

Miners seek moratorium on dues as lockdown cripples operations

Experts believe Q1 will be a complete washout for the sector; assuming subdued activity during monsoons or Q2, revival is only expected towards the second half of FY21

As bauxite loses traction, Fimi seeks waiver of 15% duty on exports

The mineral lobby body has appealed to the Union finance ministry to exempt bauxite exports from duties

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

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

Budget 2020: Fimi pushes for waiver of 15% duty on bauxite exports

Non-plant grade bauxite has limited avenues of usage in India and thus it was mostly exported but the duty on its export hampered business

Indian miners reject govt plan to link coal index to foreign prices: Report

The government is creating a coal price index as part of its plans to open the coal sector to outside investment and end state-run Coal India's control over prices.

Fimi's push to extend merchant mines' tenure rankles steel, pellet makers

End-user industries say 200 mn tonnes iron ore capacity still operative after lease expiry

Sanjay Pattnaik named new president of FIMI

FIMI represents the interest of mines and mineral based industries and has over 400 members from across the country