Page 6 - Mining

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.

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