Page 3 - Mining Sector

Karnataka govt allows re-opening of stone-mining, crusher units: Minister

Mines and Geology Minister said the closure of stone quarries and crusher units resulted in revenue loss

Decoded: Why the industry is unhappy with amendments to mining law

The latest amendments come with the Bharatiya Janata Party-led central government opening up key sec­tors for greater private investment

75 coal mines to go under the hammer in second round of auction

In order to keep the interest of new and small players intact, the coal ministry is offering only small- and medium-sized coal mines in the second round

Boost to production and pvt investment as mining reforms get green signal

Centre removes distinction between captive and merchant mines, will amend the Mines and Minerals (Development and Regulation) Act, 1957 to enforce reforms

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.

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.

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

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

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

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.

'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

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

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

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.

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 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

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

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

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

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

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