CEOs need to accelerate their action plans to safeguard the production of commodities critical to the global population and economy as heat stress and drought risk rise around the world, according to PwC's report, Climate Risks to Nine Key Commodities: Protecting People and Prosperity, published. The report, which analysed nine …
R. Anthony Hodge The Mo Ibrahim Foundation, an Africa-based good governance group, recently honoured the former Botswana President, Festus Mogae, with its annual Achievement in African Leadership award. Mr. Mogae has been widely praised for promoting transparency and accountability in the Botswanan government. Thanks in large part to his efforts, …
With the offtake of iron ore produced from its mines dipping by nearly 38 per cent during the past two months sending jitters through the steel ministry, state-run National Mineral Development Corporation (NMDC) is set to ask its buyers to lift at least 90 per cent of their contracted ore …
CENTRAL Mine Planning and Design Institute (CMPDIL) plans to join hands with Mineral Exploration Corp (MECL) to fast-track the process of coal exploration in the country. The tie-up will help CMPDIL to involve MECL in undertaking its drilling works without inviting tenders. CMPDIL, the exploration subsidiary of the country
The Goa Mineral Ore Exporters Association on Sunday welcomed the Central governments decision to reduce the export duty on iron ores. According to reports, the Centre on Sunday announced Rs 20,000 crore additional non-plan expenditure as part of the package to stimulate the economy. Reports said, this also included reduction …
BANGALORE: The Karnataka government has announced a new mineral policy (2008) to mobilise funds from the Bellary mining lobby for the Legislative Assembly byelections and the next Lok Sabha elections, alleged Leader of the Opposition in the Legislative Council V.S. Ugrappa here on Friday. Addressing presspersons, he said the new …
The State Cabinet has on Thursday approved the new mining policy, which among other things seeks to impose a ban on export of minerals, especially iron ore, from the fresh mining leases in the State. However, the new rules does not apply to those who have already secured mining leases. …
National Mineral Development Corporation (NMDC), the country's largest producer and exporter of iron ore, has reduced ore prices by 25 per cent, with effect from December 1. A decision to this effect was taken by the public sector undertaking's board at its meeting held on Thursday. NMDC Chairman and Managing …
BANGALORE: With illegal mining and the money earned from it becoming a major political issue in Karnataka, the State Cabinet on Thursday approved a new Karnataka State Mineral Policy, 2008, to promote transparency in granting mining concessions and maximising value addition to the minerals extracted, apart from encouraging investment in …
By Vijesh Kamath, DH News Service, Bangalore: The BJP Government has gone on record that the Western Ghats would be declared a no-mining zone, but its new draft mineral policy envisages continuation of survey and exploration to discover mineral resources in the ecological sensitive region. The draft Karnataka Mineral Policy …
Johnson T A Posted: Nov 26, 2008 at 0124 hrs IST Bellary : Over the past several years, sunsets in Bellary have been redder than at most other places in Karnataka. As lines of iron ore-laden trucks rumbled on to the coast from the many mines that crater the low, …
Ongole, Nov. 25: Until two decades ago, Rajupalem Lakshmi Puram, Ramatheertham and Chimakurthi were nondescript villages. But things suddenly changed when a unique form of granite was discovered in the 1,000 acres of land contiguous to these villages. The hard rock, which has a shining black surface with copper-coloured spots …
Ongole, Nov. 25: Recently, the mines department in the state discovered enor-mous granite stocks beneath the road between Chimakurthi and Rajupalem-Laksh-mipuram. The department estimates that if the granite is excavated form beneath the road, the government could earn a royalty of at least Rs 500 crore. To take out this …
Ongole, Nov. 25: The global meltdown has badly affected the exports of the world famous galaxy granite from Chimakurthi of Prakasam district. Chimakurthi, located about 25 km from Ongole on the Kurnool Road, is famous for a rare type of black granite which is not found anywhere else in the …
Nellore, Nov. 18: The sudden fall in iron ore exports has hit the Krishnapatnam port really hard. Though the port also exports and imports other cargo such as granite, coal and fertilisers, the lion
BS Reporter / Kolkata November 11, 2008, 0:29 IST The government today replaced the specific duty on iron ore fines, imposed 10 days back, with an ad-valorem duty of 8 per cent, which is expected to benefit the low-grade iron ore producers. Iron ore industry sources said that the move …
NEW DELHI: The Central Government has imposed an 8 per cent ad valorem duty on export of iron ore fines, a move expected to give respite to the mining industry, which is reeling under the pressure of lower demand and fall in prices.
Trimex Inds to invest Rs 2,250 cr in ilmenite mining BS Reporter / Kolkata November 05, 2008, 0:20 IST Trimex Industries, part of the metals and minerals conglomerate Trimex group, today announced that it will commence ilmenite mining operations in the next two months at Srikurmam in Andhra Pradesh, where …
From P M Raghunandan, DH News Service, Bellary: All good things come to an end. It is same for Bellary mining too. As long as China imported iron ore, Bellary mining lords became richer and richer. In fact, many became super rich overnight. Now it is slump time. With the …
