National Mineral Development Corporation (NMDC)

State of the Climate in Asia 2024

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 …

Karnataka steel industry fears closure

Industry wants quick SC intervention as the only alternative for survival Seven months after the Supreme Court issued a detailed corrective plan for rampant illegal mining in Karnataka, until recently the iron ore hub of India, the viability of the Rs 45,000-crore steel industry in the southern state remains in …

Iron ore not a ‘strategic mineral’: Mines ministry

The mines ministry has shot down the steel ministry’s proposal that iron ore should be classified as “ a strategic mineral”. The mines ministry argues that iron ore is available in abundance in the country and hence there is no pressing need for the classification. It has written to the …

Australia's new mining law to impact acquisitions

Current Indian investment may not be hit immediately The Australian government’s move to impose 30 per cent tax on coal mining and iron ore profits might not affect any Indian investment in that country immediately, but could have an impact on Indian companies, including state-run mining major Coal India Limited …

NMDC to spend Rs 3,500 cr on Chhattisgarh steel plant

Country's top iron ore producer NMDC plans to invest Rs 3,513 crore on its upcoming 3 million tonne per annum capacity steel plant at Nagarnar in Chhattisgarh. According to the Budget documents, the state-owned firm has kept a capital expenditure target of Rs 4,655 crore in the next fiscal and …

Revenue from mines surpasses target

BHUBANESWAR: The Steel and Mines Department is all set to break its previous record on revenue earning. The Department on Wednesday surpassed the revenue target of Rs 4,000 crore set by the Government for the current financial year. The Department which had set a revenue target of Rs 2,000 crore …

SAIL may get two coking coal blocks in Jharkhand

Kolkata Government-owned Steel Authority of India (SAIL) is close to getting two coking coal blocks, Tasra and Sitanala, in Jharkhand, which will enable the steel major to mine coal in India for the first time. A source close to the development told Fe the two coking coal blocks have a …

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 …

NMDC Eyes Opportunity in K’taka’s ‘Illegal’ Ore Mines

With India’s apex court set to announce its final verdict anytime on the fate of illegal iron ore mines in Karnataka, the country’s largest iron ore producer NMDC is eying a major opportunity in the ‘illegal’ mines. The Supreme Court’s panel for forest issues, The Central Empowered Committee, submitted its …

NMDC eyes mines after panel suggests permit cancellation

Public sector miner NMDC Limited has got an unforeseen domestic opportunity, especially in Karnataka, in the light of the final report on illegal iron ore mining submitted by the Central Empowered Committee (CEC) to the Supreme Court early this month. The CEC has classified the over 150 mines in Karnataka, …

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 …

Industry on edge in Karnataka as SC weighs verdict

If court puts a cap on iron ore mining in Karnataka, it will be a severe blow to steel industry's expansion plans The Central Empowered Committee’s (CEC) final report on illegal mining in Karnataka submitted to the Supreme Court recently has sent shockwaves through the iron ore mining and steel …

Govt mulls options to allocate NTPC stake in ICVL

Following NTPC's exit from ICVL, the government is mulling a couple of options for distributing power major's 14% stake among the existing shareholders— SAIL, RINL, NMDC and Coal India. One of the options, which might pave for smooth distribution, is allocating the 14% stake in proportion to the current shareholding …

KIADB hears farmers' views on land acquisition proposal

Officials of the Karnataka Industrial Areas Development Board (KIADB) held a meeting on Tuesday to hear the views of farmers on the proposed acquisition of land for a steel plant to be set up by the National Mineral Development Corporation (NMDC) in Bellary taluk. Diverse views emerged at the meeting, …

NMDC to be told to reapply for country's largest coal block

The coal ministry will invite a fresh application from state-owned miner NMDC Ltd for the allocation of India’s largest thermal coal block, Deocha Pachami, in West Bengal’s Birbhum district. The application, if favourably considered, could allow NMDC to float India’s largest coal mining company after Coal India, currently the near-monopoly …

SC panel recommends cap on Karnataka ore mining

Wants cancellation of 49 iron ore leases, penalties on others The panel appointed a year earlier by the Supreme Court to probe illegal mining in Karnataka has made several recommendations in its final report, with far-reaching implications. The final report was given to the SC on Friday. The Central Empowered …

SC Panel Moots Market Rates for Karnataka Iron Ore, Caps Output

Miners, ore consumers stare at higher costs; smaller players may lose mines. Iron ore miners and consumers in Karnataka, including NMDC, the country’s largest iron ore producer, and JSW, India’s largest private sector steelmaker, will have to grapple with higher costs and lower production if the Supreme Court accepts the …

SC Panel Moots Market Rates for Karnataka Iron Ore, Caps Output

Miners, ore consumers stare at higher costs; smaller players may lose mines. Iron ore miners and consumers in Karnataka, including NMDC, the country’s largest iron ore producer, and JSW, India’s largest private sector steelmaker, will have to grapple with higher costs and lower production if the Supreme Court accepts the …

MoEF rejects clearance to NMDC's Bailadila mine

The Ministry of Environment and Forests (MoEF) has rejected clearance to one of the iron-ore mines of state-owned NMDC in Bailadila district, Chhattisgarh, a senior official of the company said. "The file (for forest clearance of the mine) has been returned, may be due to misrepresentation or something like that," …

MoEF rejects clearance to NMDC's Bailadila Mine

The Ministry of Environment and Forests (MoEF) has rejected clearance to one of the ironore mines of state-owned NMDC in Bailadila district, Chhattisgarh, a senior official of the company said. “The file (for forest clearance of the mine) has been returned, may be due to misrepresentation or something like that,” …

MoEF says no to NMDC Bailadila mining project

The Ministry of Environment and Forests (MoEF) has refused clearance to one of the iron-ore mines of state-owned NMDC in Bailadila district, Chhattisgarh, a senior official of the company said. “The file (for forest clearance of the mine) has been returned, may be due to misrepresentation or something like that,” …

  1. 1
  2. ...
  3. 6
  4. 7
  5. 8
  6. 9
  7. 10
  8. ...
  9. 16

IEP child categories loading...