Mineral - Based Industry

Order of the National Green Tribunal regarding the deplorable condition of a water tank, Golconda Fort, Hyderabad, Telangana, 05/06/2025

Order of the National Green Tribunal in the matter of In Re: News Item Titled "Neglected Katora Houz in Hyderabad’s Golconda Fort Cries for attention appearing in ‘The Siasat Daily’ dated 25 May 2025". The application was registered suo-motu based on the news item titled “Neglected Katora Houz in Hyderabad’s …

Brazilian Miners to Fight State Taxes in Court

Brazil's major mining associations, representing 90% of the largest mining companies in the country, will take legal action to try to block new taxes on production imposed by Para, Minas Gerais and Amapa states. Minas Gerais mining association Sindiextra, Para's Simineral and Brasilia-based iron-ore producers' group Sinferbase are close to …

Royalty-linked benefit sharing may add to coal firms' troubles

There is still more bad news for coal mining companies, with the mines ministry recommending that coal miners mandatory share 100 per cent royalty with project-affected families. The recommendation, if implemented, could severely dent coal miners’ bottom line. It would not only increase the annual outgo of monopoly producer Coal …

Vedanta ups the ante for Balco, Hindustan Zinc

Billionaire Anil Agarwal’s Vedanta Group has offered Rs 17,000 crore ($3.4 billion) to buy the government’s remaining stakes in Hindustan Zinc Ltd and Bharat Aluminium Co, a ministry official said. A panel of bureaucrats from ministries, including law, corporate affairs, finance and mining, met yesterday and decided to seek the …

Goa Governor takes strict line on illegal mining

Goa Governor K. Sankaranarayanan on Tuesday said his government would crack down on the illegal mining as also the mafias involved in such illegal operations in the State, and expressed his government's wish to reduce dependency of the Goan economy on mining. Delivering the Governor's customary address before the newly-elected …

Monitoring panel to inspect mines’ safety

PANJIM: State government appointed mining monitoring committee will begin inspecting 90- odd operational mining sites from April 1 onwards to ensure that the required safety precautions are in place. Action in form of cancellation of mining leases would be initiated if companies fail to adhere to the revised safety norms, …

Panel set up to clear roadblocks in oil and gas exploration operations

To look into grant of work permits for foreign nationals Seeking to remove the unreasonable roadblocks and to win the confidence of international investors in the oil and gas exploration operations, the Prime Minister's Office (PMO) has stepped in and set up a high-powered Committee of Secretaries (CoS) to examine …

Mines Bill may be in slow lane to House

The mining industry will have to wait till at least the monsoon session of Parliament for passage of the new Mines and Mineral Development and Regulation (MMDR) Bill. The legislation is being examined by a parliamentary standing committee. In an interview here with Business Standard, the secretary in the ministry …

Iron ore scarcity set to worsen in Karnataka

Steel industry says its operations may come to a halt within two months if SC does not approve resumption of regular mining The scarcity of iron ore is set to worsen in Karnataka in the next one or two months, as the ore sold through electronic auctions (e-auctions) is depleting …

MCA seeks fine-tuning of mines Bill, cites a clause

New Delhi THE ministry of corporate affairs has suggested some fine-tuning of the new Mines Bill, which is being examined by a parliamentary panel and provides for profit-sharing by mining firms with project-affected people, among other provisions. Questioning a clause in the new Bill that provides for issuing at least …

Rio Tinto to spend $2 billion in Orissa iron ore mining project

Australian mining major Rio Tinto is planning to invest around $2 billion (Rs 9,886 crore) in setting up a major iron ore mining project in Orissa. The investment, largest so far by the miner in India, would help it establish a strong foothold in the country’s mining space. “It is …

Ecological panel recommends cancellation of 44 mining leases around wildlife sanctuaries

PANJIM: In a major set back to the mining industry, the Western Ghats Ecological Expert Panel (WGEEP) has recommended cancellation of 44 mining leases in and around the wildlife sanctuaries (WLS) in Goa. The panel headed by Prof Madhav Gadgil has exposed existence of 44 leases in and around the …

Mining policy fails to get seal

Certain legal aspects need to be incorporated: Mukul SHILLONG: Meghalaya, which does not have a mining policy till date, will have to wait further as the State Cabinet on Monday night deferred the finalisation of the much-awaited policy saying that certain legal aspects need to be incorporated in it. Briefing …

Rio Tinto plans $2bn Indian investment

Mining giant Rio Tinto said on Monday it plans to invest $2 billion in an iron ore project in eastern India in what it said would be Australia’s “largest investment” in the South Asian nation. Sam Walsh, chief of the Australia-based company’s global iron ore operations, said the project in …

NGO seeks CBI probe into mining case

A petition seeking a CBI probe has been filed before the Supreme Court appointed Central Empowered Committee against the Karnataka government-run mining company, Mysore Minerals Ltd (MML) and private companies having joint ventures with it. Charging that the MoU singed by MML with some of the private companies had nexus …

Mega meet on green clearances

Ramesh Gauns, Goa, speaks on mining and mineral based industries at the Anil Agarwal Dialogues on green clearances organised by CSE at New Delhi on the 24th and 25th of February, 2012

SC to hear $8bn Cairn-Vedanta deal issue on Fri

New DelhiA public interest litigation (PIL) has been filed in the Supreme Court seeking to declare the $8.48-billion Cairn-Vedanta deal as illegal. A bench headed by Justice HL Dattu is likely to hear the matter on March 2. The Cabinet Committee on Economic Affairs, headed by Prime Minister Manmohan Singh, …

“Mining sector has to cross several hurdles”

The NLC has become a pioneer in submitting mine closure reports as required under the rules. It is the first to turn out such a report on the closure of Mine-I and Mine-II in Neyveli, said B.Surender Mohan, NLC director (mines). He was delivering the inaugural address at a colloquium …

Mining ban makes Karnataka dumping ground for iron ore

New Delhi The ban on mining seems to have made Karnataka the dumping ground for poor quality iron ore. The mining firms that are allowed to sell certain quantity of iron ore in the state through e-auction, are mostly selling iron ore of below 50-55% iron content. This has dented …

Vedanta to sell stake in three cos to subsidiary Sterlite

Vedanta Resources, the London-listed holding company, will sell its stake in three companies in India to its Indian subsidiary Sterlite Industries in an all-share deal, two people with direct knowledge of the development said. Vedanta, owned by billionaire Anil Agarwal, will sell its 100% stake in Vedanta Aluminium, the 94.8% …

KHADC ‘rapped’ for allowing illegal mining in W Khasi Hills

SHILLONG: Lone KHNAM MDC in the KHADC, Adelbert Nongrum, has come down heavily on the Congress-led Executive Committee for allowing Maheshwari Mining Private Limited to operate in West Khasi Hills district despite claiming that it had cancelled the company’s trading license. “I have inspected the spot and seen for myself …

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