Page 7 - Mining

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

Digging deeper

Bankers can learn from miners about culture change

Premier Explosives bags Rs 72.95 cr order from Singareni Collieries

The company has bagged the order for supplying explosives and other accessories to Singareni Collieries

318 mining lease proposals still stuck

The government might face a massive increase in litigation, with companies knocking on the doors of various courts

India to charge premium for transfer of mining rights

80% charge will be on top of royalty that new mining lease holder will pay to state

Mining conclave to discuss state of auctions, DMF collection

Other issues include framing of minor mineral rules, curbing illegal mining

Mines ministry, states agree to speed up clearances

Push for grant of approvals and land acquisition in a time-bound manner in a bid to promote ease of doing business

Comprehensive approach needed to sustain growth of mining industry

While the industry has come a long way in terms of technology upgradation and modernisation, there is still lot of potential left for improvement, say experts at Assocham mining conference

New policy to allow foreign cos in mine exploration

Govt set to auction more and more blocks to boost mineral production under a new mining regime

Centre, states to brainstorm on making mines auction a success

As per the letter issued by Union Mines Ministry, a meeting with ministers in-charge of mining department of all states has been called by Narendra Singh Tomar on May 27

Chhattisgarh to put 10 mines for auction

The mines carry limestone, bauxite deposits

Cabinet approves amendment to mining law, move to spur M&As

Allows transfer of captive mining rights; move to clear path for cement deals that were stuck due to the earlier law

Odisha says tribals had no power to reject Vedanta bauxite mining

Pleads to Supreme Court for fresh orders

Rs 820 cr to be spent on mines' area development

The money will be spent on 523 villages of 29 blocks in 8 districts, which are touted to be affected by the mining activities

OMC to hold next round of iron ore auctions on February 26

Auctions will be conducted by MSTC and will be for different grades of calibrated lump ore and iron ore fines

Mines ministry proposes cutting iron ore export duty

Seeks a cut to 10% from the current level of 30% on dipping shipments amid crash in prices