With misclassification of different grades of minerals by mining leaseholders found to be at the root of illegal mining, the Union mines ministry has tightened the procedure to be followed by states for grading and determining the average sale price (ASP) of iron ore and other major minerals. Pointing out …
PANJIM: Chief Minister Manohar Parrikar will meet senior officials of State Mines department on June 15, to review the announcements made in the state budget about the department and also on the roadmap for the crucial mining policy. Parrikar, who also holds mining portfolio, had announced a slew of measures …
PANJIM: There are indications that the process of drafting the mining policy will begin after June 15 and be ready by the commencement of the new mining season. Several mines have begun shutting down their operations for the season as the monsoons have arrived in the state. The mining industry …
The High Court on Tuesday directed Bharat Earth Movers Limited (BEML), a defence PSU, to furnish documents pertaining to the source from which iron ore had been obtained and exported. The Court was hearing a plea by Subramanya Shastry, an Andhra Pradesh-based share holder of BEML, who has alleged that …
Team Anna on Tuesday levelled a fresh charge against External Affairs Minister S M Krishna, alleging that when he was the chief minister of Karnataka, the state mining department allocated thousands of tonnes of iron ore fines to private companies without any bidding and at grossly undervalued rates. “The iron …
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 …
A day after Maoists killed six CISF personnel and a driver inside the biggest iron ore mining facility in the country, the National Mineral Development Corporation (NMDC) complex here remained unguarded. Locals dropped in, “examined” the damaged Bolero, went through belongings of the deceased, noted the bullet marks and clicked …
Prolonged ban on mining in Karnataka, high export duty and railway freight rates, among reasons for export slowdown India’s iron ore exports are set to fall to a new low this financial year, owing to multiple problems, such as shortages in Karnataka, Odisha and Goa, high export duty and differential …
New Delhi NMDC has decided to go full throttle in securing at least three mines in Russia for about Rs 1,600 crore. Besides, the navratna company will also invest 1,75,950 Australian dollars (Rs 95,02,162) for buying out 50 per cent stake of Legacy Iron Ore Ltd’s mines in Australia within …
The Odisha government may impose a cap on iron ore production in the state, dealing a blow to the industry reeling under closures, loss of production and a nation-wide crackdown on illegal profiteering. A senior Odisha government official told ET on condition of anonymity that the state has begun work …
Chennai: State-run iron ore miner NMDC’s decision to increase ore prices by 10% has put the steel industry in a corner, most of whom were expected to announce price increases over the next few days. NMDC has said the prices of iron ore lumps have been increased by 10 % …
Plans $2 b investment in Madhya Pradesh, Odisha projects Undeterred by the continued economic downslide in the West and the crisis in the eurozone, Australian mining and iron ore giant Rio Tinto has embarked an ambitious but exciting expansion and growth project with an investment of $15 billion over the …
A conservator of forests and a former official of the mining department, who are accused of being key players in the illegal iron ore mining racket perpetrated by former minister G Janardhan Reddy and his aides, were arrested on Monday by the CBI. The arrests are in connection with an …
The Centre and Orissa government find themselves on a war footing as the Centre holds the state responsible for stepping on its toes by determining royalty rates of iron ore. Acknowledging complaints from steel producers that the state is executing a royalty regime which is in contravention to the Mineral …
Move to ease pricing pressure on ferrochrome and stainless steel players. Beginning second quarter, Odisha's state-owned mining firm will e-auction chrome, an ore essential to make stainless steel. By resorting to auctions, Orissa Mining Corporation is preempting a similar move for iron ore linkages, but more immediately addressing a long …
A consortium of four state-owned Indian companies - SAIL, Nalco, Hindustan Copper and Mineral Exploration Corp - has been shortlisted to invest in new gold and copper deposits in Afghanistan. Two private players - Monnet Ispat & Energy and Jindal Steel & Power - have also made the cut, opening …
With barely eight million tonnes (mt) of iron ore left for auction in Karnataka, sufficient to fire the steel mills’ furnaces for two months, iron and steel companies in and around the state, including JSW Steel and Kalyani Steel, are in dire need of the key raw material. In the …
Govt issues orders to keep illegal mining of ore in check The Mines and Geology Department , Goa has issued orders to the mining firms in the state to provide details of their daily operations, thereby making it easy for the government to keep a tab on the exports. The …
PANJIM: Goa will have its own mining policy by May but the decision on whether to work on the draft policy or have a fresh document is yet to be taken by the government. The State already has a draft policy which was formed in the year 2008 and pending …
PANJIM: The Mormugao Port Trust witnessed a 27% decline in iron ore exports for the year 2011-12 as compared to the previous year, bringing down the total traffic handled at the port by 22%. Revealing figures for the financial year 2011-12, Chairman of Mormugao Port Trust P Mara Pandiyan said …
Tribal inhabitants of Saranda in Jharkhand might have found some solace in the 'assurance' of Union Rural Development Minister Jairam Ramesh categorically stating that he was against mining in this tribal belt. The outspoken Minister, following a visit to the troubled area few months ago, had answered a question in …
