India is one of the least explored countries in the world with an exploration spend of $15-20 million annually Even after recast of its decade old National Mineral Policy (NMP), the Mines ministry can
Scrutinises mineral trade details of other three mines The Justice M B Shah Commission of enquiry on Thursday sought details on output and raising permission of Tensa iron ore mines belonging to Jindal Steel and Power Ltd (JSPL) in Koira mining circle during its first day of field trip. During mining lease record verification process, the commission members had found some mismatch between its actual raising area details and map shown on Google Earth.
Proposal was mooted by coal and power ministries to curb profiteering by miners The law ministry has raised questions about the logic behind making rate-based bidding mandatory for coal miners. “The law ministry has asked the coal ministry whether rate-based bidding actually benefits consumers of power. The ministry is now seeking the power ministry’s opinion on the query,” a senior official close to the development told Business Standard.
The wood panelled office in Delhi's Paryavaran Bhawan is now a 'no-go' zone. Its reigning green queen, Jayanthi Natarajan , once a daily fixture on television shows as Congress spokeswoman, presides in
Once feted for being India’s highest taxpayers, miners are the new untouchables in town. Banks don’t want to lend to them, policymakers are hesitant to frame policies for them, customers don’t know what
Forced to cut prices by 2-3% due to cheaper imports from Japan, Korea and China At a time when the mining sector in Karnataka seems to be getting back on track, the steel sector faces another hurdle—pricing. With global steel prices on a downswing, owing to low raw material rates, Indian companies are taking a hit on margins because of rising local iron ore rates. Domestic companies have also been forced to cut prices. In August, steel makers reduced prices by two to three per cent, not because of a slowdown in demand, but because of cheaper steel brought from Japan, Korea and China.
New Delhi The CBI probe into the coal block allocation scam took a new turn last week as the agency was given the mandate to probe all allocations made since 1993 and also investigate those made to PSUs.
New Delhi: While agreeing with the constitution bench that auction was not the only constitutionally permissible mode for distribution, Justice J S Khehar in a separate opinion referred to the Mines and
Last week, Sriprakash Jaiswal said files were yet to reach him The Coal Ministry has not acted upon the recommendations of the Inter-Ministerial Group (IMG) for de-allocating six additional coal blocks and deduct bank guarantee in the case of seven companies. Although the IMG had submitted its final recommendations relating to the treatment of 29 coal blocks allotted to private parties, who were issued show cause notices, the Coal Ministry, under Coal Minister Sriprakash Jaiswal, has failed to initiate further action in pending cases
‘28, Najafgarh Road, New Delhi’. This was the address used by four companies of Congress MP and industrialist Naveen Jindal that applied for coal blocks between 2006 and 2009. Two of them — Nalwa Steel
Union Tribal Welfare Minister Kishore Chandra Deo has vetoed the move by the AP Government to undertake bauxite mining in the eastern ghats of Visakhapatnam district and brought the curtains down on the
