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 …
The members of Shah Commission, enquiring into illegal mining activities, will reach Bhubaneswar on Tuesday. The fifth round of hearing of the state government and the miners by the Commission is expected to take place from Wednesday after Justice M B Shah reaches here. A team of the state officials …
Infra ministers, govt bodies join the chorus as murmurs about corruption resurface When Jairam Ramesh was replaced as environment minister some 18 months ago, loud sighs of relief from industry greeted the news. Ramesh, in the short period at the helm of the ministry, had acquired a reputation for inflexibility, …
Steel industry expects availability to fall further in 2013-14, no exports recorded since November The severe shortage in iron ore supplies from Karnataka and Goa, where mining was stopped following a Supreme Court directive, and the cap on production in Odisha have led to India becoming a net importer of …
Supply drought from India is one important reason why spot ore prices climbed so strongly in December after sinking to a 3-year low in September In an otherwise instructive guidance for all steel stakeholders, global rating agency Fitch Ratings in its ‘2013 outlook steel raw materials producers’ report says India …
Iron ore mining operations have been restarted in Karnataka's Bellary and Chitradurga districts, a year after these were suspended, following a Supreme Court directive. After securing all statutory approvals, two Category A mines have resumed mining, offering hope of regular iron ore supply to the ore-starved steel industry. According to …
VAL will first start its captive co-generating plant (CPP) to generate steam, necessary for running the refinery A week after a temporary shutdown of its alumina refinery at Lanjigarh, Odisha, Vedanta Aluminium Ltd (VAL), buoyed by bauxite supplies of 40,000 tonnes from Bharat Aluminum Company's (Balco) Kawardah mines in Chhattisgarh, …
Days after sending a notice to the Odisha government on September 6, seeking temporary closure of its one million tonne refinery at Lanjigarh, Vedanta Aluminium Ltd (VAL), a unit of London-listed Vedanta Resources Plc has sought ban on bauxite exports from the country. The company is struggling to keep its …
Mumbai The mining ban imposed by the state government of Goa is unlikely to have a major impact on the likes of iron miner Sesa Goa as the current quarter is a lean season for mining in the state, analysts said on Tuesday. “Seasonally, Q2 is the weakest quarter for …
Two faces known for supporting mining & hydel power inducted in Forest Advisory Committee The environment and forests ministry has reconstituted the statutory advisory body for clearing use of forestland for non-forest purposes. It has inducted two members known for supporting mining and hydropower businesses. While the government has sent …
Companies such as BMM Ispat, Kalyani Steels, Kirloskar Ferrous and MSPL are working on 20 days to one-month inventories Shortage of iron ore supply from Karnataka is posing a challenge to steel and pellet-making plants to maintain their production levels.Companies, such as BMM Ispat Ltd, Kalyani Steels, Kirloskar Ferrous Industries …
The federation representing merchant miners in the country claims stocks at mine heads reveal that there is no real shortage of iron ore, a key steelmaking ingredient. In a letter to the finance ministry, the Federation of Indian Mineral Industries, or FIMI, has accused the government, both at the state …
Absence of export duty and relatively low capital requirement make it an attractive option Iron ore miners in Karnataka, facing uncertainty over possibility of exports in the near future, are increasingly looking at new opportunities to earn higher profits. A large number of miners is exploring the possibility of diversifying …
Bid to prevent captive mine owners from selling byproducts; make them add value to ore. The Centre has moved to clear any ambiguity that could be misused by captive mine owners to sell iron ore fines in the open market. The move comes after the Jharkhand High Court in February …
State-owned trading giant MMTC has inked pacts with Japanese and South Korean steel companies including Posco, to supply 2.8 million tonnes of iron ore annually for a period of three years. "We have signed iron ore supply contracts with five Japanese firms and one South Korean company for a period …
New Delhi The government is set to consider a proposal for a complete ban on private-public joint ventures (JVs) for developing mineral blocks allocated to state-run corporations and public sector undertakings under a special dispensation. The move would hit the plans of Adani Mining, Moser Baer, Vedanta, Monnet Ispat and …
SC nod can lead to production of 6-7 mt from 49 category A, B mines The shortage of iron ore in Karnataka is likely to ease by July, as regular mining is expected to resume in a couple of months from now. The Supreme Court-appointed authorities are preparing reclamation and …
Bangalore Mining in Karnataka is back on its feet. The Supreme Court has allowed mining to resume in iron ore mines of more than 50 hectares after rehabilitation and reclamation plans (R&R) for these leases are approved by the Central Empowered Committee (CEC). The court accepted the recommendatations of the …
In a move that the iron ore mining industry says is a throwback to inspector raj, the commerce and industry ministry has moved a Cabinet note proposing that exports of iron ore with over 55 per cent ferrous content be canalised through the state-owned trading company MMTC Ltd. MMTC will …
The government has hiked the ad valorem duty on iron ore exports to 30 per cent from 20 per cent. The decision would enrich a cash-strapped government by around Rs 8,500-9,000 crore. While the hike in export duty has understandably stunned the mining community, the move was in the offing …
NEW DELHI, 2 OCT: Maharatna Coal India today said its profitability would be eroded by about Rs 2,000 crore per annum post-enactment of new mines legislation, which mandates coal miners to share 26 per cent of their profits with project-affected people. “It (new mines bill) would hit the profitability of …
