The World Meteorological Organization’s State of the Climate in Asia 2024 report warns that the region is warming nearly twice as fast as the global average, driving more extreme weather and posing serious threats to lives, ecosystems, and economies. In 2024, Asia experienced its warmest or second warmest year on …
Fimi had earlier said non-extension will disrupt raw material supplies to steel, other industries. Nearly 70% of steel plants don't have captive iron ore resources and have to rely on merchant miners The Union mines ministry is working on a proposal to extend the validity of merchant mining leases due …
Ore consumers say price cut not enough; Pellet capacities are making losses With Karnataka iron ore mining companies unable to clear their stocks, the Federation of Indian Mineral Industries (Fimi) is asking the Supreme Court (SC) for permission to export ore pellets. Its letter informing the Union commerce ministry of …
Output reached 210 mt, mostly on increased production in Odisha and Karnataka. This is 9% higher than 192 mt in 2016-17 Iron ore production in India in 2017-18 crossed 200 million tonnes after seven years. Output reached 210 million tonnes, mostly on increased production in Odisha and Karnataka. This is …
The Supreme Court today rejected a plea of an industrial body to do away with the need for depositing 10 per cent of the sale proceeds of minerals in Karnataka with the District Mineral Foundation (DMF). The Federation of Indian Mining Industry (FIMI) (Southern Region) in its plea claimed that …
The apex court has lifted the five-year-old ceiling from 30 million tonnes to 35 million tonnes for the A and B category mines Last month, Supreme Court has enhanced the cap, limit to iron ore mines in Karnataka, by five million tonnes to 35 million tonnes. However, industry representatives have …
The Supreme Court on Tuesday directed the Karnataka government to place on record before it an alternative mechanism for e-auction of iron ore extracted from Ballari, Tumakuru and Chitradurga mines. The court also agreed to consider the steelmakers’ plea for increasing the iron ore mining cap from 30 to 40 …
Raipur: Ministry of mines is organizing a two-day national conclave on mines and minerals jointly with Chhattisgarh government in state capital from Monday. This event, the first of its kind in country, will continue as an annual event. Union finance minister Arun Jaitley has been invited for the inaugural session. …
The Supreme Court would decide on the validity of the government’s retrospective levy of additional royalties on miners to fund local development under the Pradhan Mantri Khanij Kshetra Kalyan Yojana, a ministry official said. The Mines Ministry, in charge of implementing the Mines and Mineral Development and Regulation Act of …
Mines’ e-auction: States told to find out reasons for poor responseThe much-hyped e-auction of non-coal minerals has not yielded the desired response. While mines in the eastern states have received only lukewarm response, miners have not evinced any interest in 12 mines, mainly of limestone, that have recently gone under …
The government is unlikely to entertain the mineral sector’s plea to cut export duty on high-grade iron ore to nil from 30% now in the Budget, as it feels that the important steel-making raw material should be preserved for future use, even as it might lower export duty on low-grade …
There is a science and an art to policymaking. In India, this is confounding and abstract. But what stands out is that the intent and form of policymaking begins somewhere and ends somewhere else - as it moves between desks, competing interests and even governments, it evolves or gets distorted …
SC asks state for details on iron ore reserves in 15 up for phased auction The auction of ‘C’ category mines in Karnataka is likely to be delayed further, with the Supreme Court asking the state government for details on iron ore reserves in those mines before proceeding. The Karnataka …
Supreme Court had ordered setting up a company to undertake environment restoration work in mine ravaged districts in the state The Karnataka government has incorporated a new company to undertake ameliorative and mitigative measures in and around mining areas in three districts. The new firm, Karnataka Mining Environment Restoration Corporation …
Move comes after complaints about recently promulgated MMDR ordinance The Ministry of Mines has constituted a nine-member commitee to draft quality parameters for excavated minerals. The committee will be chaired by Ranjan Sahai, Controller of Mines, Indian Bureau of Mines. The move comes after complaints by various stakeholders about the …
"Auction by competitive bidding" introduced for the first time in mineral mining Press Trust of India on Monday reported the Cabinet had approved an ordinance for the auction of iron ore and other minerals, a route the Centre had also used to bring about reforms in coal, insurance and land …
The coal ministry is thinking of dropping the proposed removal of mineral exploration by private companies The government is likely to approve an ordinance incorporating the pending Mines and Minerals (Development and Regulation) Amendment Bill, 2014, on Monday. The proposal is for a new process of "auction by competitive bidding" …
The bauxite mines of Nalco has bagged the Sita Ram Rungta Social Awareness Award for 2013-14 instituted by FIMI The Panchpatmalli bauxite mines of National Aluminium Company (Nalco) has bagged the Sita Ram Rungta Social Awareness Award for 2013-14 instituted by the Federation of Indian Mineral Industries (FIMI). Ansuman Das, …
Calcutta, July 20: The Minerals Council of Australia (MCA), an apex body of miners, is eyeing greater engagement with Indian companies to develop sustainable mining in the country. Melanie Stutsel, director of health, safety, environment and community of the MCA, said the Australian mining companies have over the years developed …
PANJIM: Demanding that amendment to the Mines and Minerals Development and Regulations (MMDR) Act 1957, pertaining to grant and renewal of leases should be carried out retrospectively, the Federation of Indian Mineral Industries (FIMI) has recommended that a mining lease should be granted for 30 years, with extension of 20 …
Local steel mills bound to lift ore allotted to them at IBM fixed rate The steel and mines department of the Odisha government, which recently finalised its policy on mandatory iron ore sales to local industries, has submitted the document to the High Court. “The state government issued a gazette …
