Mining lease of Pottangi bauxite mines granted to NALCO
NALCO has been granted the mining lease of Pottangi with an area covering 1,738 hectares for a period of 50 years, a company release said.
'Campa will drive out Tribals, will benefit the mining lobby'
The passage of the Campa bill, will negate the provisions of the Forests Rights...
Mines Ministry asks DAE to provide data for auction of mines
Atomic Minerals Directorate for Exploration and Research, unit of DAE, undertake...
Odisha government granted mining lease of Pottangi bauxite mines to NALCO
The mines are located close to the company’s 2.2 million tonne alumina refinery. The mining lease of Pottangi covers 1,738 hectares and is valid for a period of 50 years.
Data mining to be on Power Ministry's app
The mines ministry will soon launch an app for real-time production data, mineral pricing and monitoring of mines.
Achieved mining production almost in line with mine plan: Sunil Duggal, Hindustan Zinc
"In underground, we have produced around 0.3 million tons of the ore which was exactly as per the plan."
Somalia: Suicide car bomb at UN mine offices kills 10
Al-Shabab has claimed responsibility for the blasts, according to the group's Andalus radio station. Al-Shabab is waging an insurgency against Somalia.
Equity gold mine MFs soar 100% this year
The best performing asset in the last one year and so far in 2016 is not gold, but equity mutual funds.
Hassani brothers from Afghanistan launch new mine-hunting drone
Hinged on six arms with rotors that creates lift, the 4.5 kilodrone consists of a blue hard plastic casing that contains batteries & hardwares.
Union mines ministry to expedite grant of mining leases
The meetings will be chaired by the union mines secretary and will discuss the pending proposals in order to accelerate their progress before the two-year deadline.
NGT pulls up MoEF for seeking expert opinion on mining
"Why cannot you do it yourself? For every small thing you need a consultant," the bench said and directed the ministry to inform it about the mining policy and plan.
Mines Ministry working on action plan to raise contribution in GDP
States have initiated auction process by issuing notices inviting tenders for 33 blocks containing minerals, Mines Secretary told reporters.
Mines Ministry mulls hiking aluminium import duty
Mines Ministry is exploring the feasibility of hiking import duty on aluminium products by 2.5 per cent, a senior official said.
Soros, Calpers hit jackpot by betting on Gold-mining companies
The metal regained its appeal as a store of value amid a slowing global economy, yields below zero on more than $9 trillion in government debt
China stocks ease as metals, mining shares sag; Hong Kong flat
The CSI300 index fell 0.3 percent, to 3,271.83 points at the end of the morning session, while the Shanghai Composite Index lost 0.4 percent, to 3,047.86 points.
Human right violations at mines run by Coal India: Amnesty International
CIL, which accounts for over 80 per cent of the domestic coal production, is eying an output of 598 MT this fiscal. It is targeting an output of one billion tonnes by 2020.
Allow use of captive mines as collateral by UMPPs: Government panel
"The committee has firmed up its view and will submit its report to the Coal Ministry in a couple of days. There is a broad consensus that the UMPPs can assign or mortgage their coal mines to their project lenders," a source said.
India's coal mining ambition hurts indigenous group: Amnesty
Laws to protect vulnerable communities such as indigenous groups are poorly implemented and regularly flouted, Amnesty said.
Exploration policy lifts mining stocks up to 18%
“The policy will not have an immediate impact but it could be beneficial in the long term,” said Dewang Sanghavi, research analyst, (metals and mining) at ICICI Securities.
Rs 2,237-crore revenue generated from 74 coal mines: Government
Under the provisions of Coal Mines (Special Provisions) Act, 2015 and its rules, he said, the government has so far allocated 75 coal mines.
States begin process to auction 32 mines
The initial bids for mines in these states, which also include Andhra Pradesh and Madhya Pradesh, are scheduled to start from this week, extending till August.
JSW Steel eyes iron ore mines in Karnataka, other states
Sajjan Jindal-led JSW Steel further said that it "intends to participate in the forthcoming auctions of C-category iron ore mines in Karnataka.
Vedanta to invest $1 billion in Gamesberg mine project by 2019
"We will invest a total of $1 billion in the Gamesberg project over the next three years," Vedanta Resources Chairman Anil Agarwal said.
Komatsu to buy U.S. mining equipment rival Joy Global in $3.7 billion deal
A number of Japanese companies have been taking advantage of a stronger yen to chase overseas deals. The dollar has lost over 10 percent against the yen this year.
Mineral production for mining and quarrying sector rises in April
Coal was the largest contributor at Rs 7232 crore amounting to close to 40% of the total production value, according to provisional data given out by ministry.
Not the right time for private commercial mining: Anil Swarup
The Coal Secretary, however, said allocation of coal blocks to state utilities for commercial use is the first step towards opening up the coal sector.
Govt defers schedule for coal mine commercial mining
"It may kindly be noted that the present schedule of the... allotment process is being postponed. Modified scheduled shall be informed shortly."
Form panel to expedite mining lease disposal: Centre to states
The development follows delays in disposal of cases where prospecting licences or reconnaissance permits were issued before commencement of Amendment Act.
Hacking group OurMine claims to have compromised Pokemon Go servers
The group said that it is promoting stronger security and that "if it did not hack celebs and DDoS popular games, someone else would".
Gold mining funds beat domestic gold funds on returns charts
“With gold prices on the rise, the operating efficiencies at gold miners have improved and made the business viable again after recent troubles,” contends Lakshmi Iyer.
Centre asks Odisha to auction some mining blocks at earliest
As per auction rules, the state government needs to upgrade mining blocks from G-3 level of exploration to G-2 level before putting it for auction, sources said.
India's mining state steps up fight to rein in killer silicosis
Certification helps patients claim compensation; since October 2013, the state's paid Rs1 lakh relief each to 3,888 of the 5,307 certified patients.
Vedanta's Sesa Iron Ore to make all mines operational in Goa
The mining industry in Goa had come to a standstill for more than two-and a half year following a Supreme Court order to curb illegalities.
Vyapam accused mining baron Sudhir Sharma released on bail
Sharma first visited a Hanuman temple near the prison where his supporters, who had come in 50-odd vehicles, mostly SUVs, burst fire crackers, distributed sweets, and garlanded him.
Meghalaya to take up with Centre coal mining resumption issue
"The department has been mandated to exclusively deal on coal-related issues," Chief Minister Mukul Sangma told reporters after a cabinet meeting held in Shillong.
Vedanta signs two MoUs with South African companies to improve safety and productivity of its mines
The first MoU relates to development of ground support systems that are critical for operational safety in underground mines which will be manufactured in India.
Adani's Australia coal mine project faces another legal hurdle
Whitsunday Residents Against Dumping, claiming to save the Great Barrier Reef, brought an application to the Court seeking to hear Adani's proposal.
European shares supported by gains in mining and oil companies
Mining stocks such as Anglo American, Rio Tinto and BHP Billiton rose more than 5 percent as the price of copper climbed to its highest level in around 4 weeks.
Government to allot 16 coal blocks for commercial mining to state companies by August
Eight blocks will be awarded to state utilities within the state, while the remaining eight will be allotted to state utilities other than those in the host state, he said.
Supreme Court to hear Karnataka mining industry plea on abolition of SPV tax on July 11
The Supreme Court will on July 11 hear a case on imposition of duplicate taxes by the Karnataka government on iron ore mining industry.
India to charge premium for transfer of mining rights
The 80 per cent charge will be on top of royalty that the new mining lease holder will pay to the state, the government said in an order on Wednesday.
Will try to increase mines' contribution to GDP by 1% in 2-3 years : Piyush Goyal
Goyal took charge as MoS (independent charge) of mines ministry, in addition to his portfolio as minister of state for power, coal and renewable energy.
India to be among nations with best mining data
The ministry has relaxed, with certain riders, restrictions imposed by it in a circular issued in 1969 that prohibited sharing of digital details for security reasons.
Housing for all: Labour ministry ups subsidy, eases norms for beedi, mine workers
This revision seeks to meet the needs of large families and the rising cost of construction coupled with rising aspiration of working population.
Mines Ministry notifies draft rules on terms and conditions for transfer of mining lease
Under the rules, the transferee will have to pay a transfer charge equivalent to a certain percentage of the royalty paid, the notification said.
India willing to venture into Namibian mineral mining: President Pranab Mukherjee
Addressing students of Namibia University of Science and Technology, Mukherjee said Namibia is blessed with rich natural resources and an abundance of mineral wealth.
How to mine money in midcaps: Five mantras to pick potential winners
If you thought only largecaps can generate wealth, you are wrong! Midcap stocks can become big wealth creators if you can invest in them with a long horizon.
India to auction 100 blocks for exploration by Nov: Mines Minister Narendra Singh Tomar
Tomar said the NMEP is based on revenue share model to encourage private players and FDI. A sum of Rs 2,116 crore will be needed for its implementation, he added.
Steel and Mines minister Narendra Singh Tomar urges sector to allocate 10% of profits on mineral exploration
All stakeholders must work together to increase the share of mining in GDP from present 2.4 per cent to 6 per cent, Tomar said.