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mining

Supreme Court ruling on royalties, taxes to affect mining firms' profitability: Moody's

Supreme Court ruling on royalties, taxes to affect mining firms' profitability: Moody's

Tue, Aug 20, 2024

The Supreme Court in its order on August 14 allowed mineral rich states to seek dues from April 1, 2005 on royalty and tax on mineral rights and mineral-bearing land from the Centre in a staggered period of 12 years.

Mining, construction equipment industry in India logs 5 percent growth in Q1

Mining, construction equipment industry in India logs 5 percent growth in Q1

Tue, Aug 06, 2024

The Indian Mining and Construction Equipment (MCE) industry reported a 5 percent growth year-on-year (YoY) in volumes in the April-June quarter, a report showed on Tuesday. As per the initial data released by the Indian Construction Equipment Manufacturers Association (ICEMA),

Vedanta's arm Western Cluster Limited to invest $2 billion in Liberia's mining sector

Vedanta's arm Western Cluster Limited to invest $2 billion in Liberia's mining sector

Fri, Jun 14, 2024

"We are on course for an investment of up to US$ 2 billion in WCL and aim to act as a catalyst to unlock Liberia's economic potential and empower local communities through expansion of operation, thereby, generating numerous employment opportunities," the company said in a press release.

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News par views: Improvements in the Coal and Power Sector; Insights from Prasanna Kumar Motupalli

News par views: Improvements in the Coal and Power Sector; Insights from Prasanna Kumar Motupalli

Wed, Jun 12, 2024

News Par Views: There has been improvement in the coal and power sector, the company aims to produce 2.5 Cr tonnes of coal in 2025: Prasanna Kumar Motupalli, CMD, NLC India.

India's mineral diplomacy vs China's contentious Tibet mining: A comparative analysis

India's mineral diplomacy vs China's contentious Tibet mining: A comparative analysis

Fri, May 17, 2024

India is particularly focused on mining lithium and copper in Chile, with negotiations underway for a Free Trade Agreement (FTA).

India's mining sector grows by 7.5% in FY24

India's mining sector grows by 7.5% in FY24

Fri, May 03, 2024

Production of iron ore was at 277 million metric tonne (MMT) in 2023-24 against 258 MMT in 2022-23, registering a growth of 7.4 per cent.

Chambal Fertilisers | Potash Mining Set to Begin in India for the First Time!

Chambal Fertilisers | Potash Mining Set to Begin in India for the First Time!

Tue, Nov 28, 2023

ZBizExclusive | Good news for fertilizer companies, potash will be mined for the first time in the country, Ministry of Mining will invite bids for potash mining, bids will be invited for 2 blocks in Hanumangarh, Rajasthan.

New Mines and Minerals Bill proposed to boost critical minerals exploration and mining

New Mines and Minerals Bill proposed to boost critical minerals exploration and mining

Wed, Aug 02, 2023

The Mines and Minerals (Development and Regulation) Amendment Bill, 2023 represents a significant step towards boosting the exploration and mining of critical minerals in India.

Exploring the Opportunities: How Commercial Mining Opens Doors for Businesses

Exploring the Opportunities: How Commercial Mining Opens Doors for Businesses

Thu, Jul 13, 2023

6 Minerals will have commercial mining. Cabinet approves amendment in the Act, What will change from commercial mining? Which companies will get benefit?

10 coal mines to be e-auctioned today for commercial mining

10 coal mines to be e-auctioned today for commercial mining

Tue, Sep 13, 2022

Till now, the Coal Ministry has auctioned 43 coal mines with peak rate capacity of 85.4 million tonnes per annum.

Prem Prakash ED Raid for alleged money laundering, illegal mining; in pics - raid locations, AK-47 recovery and more

Prem Prakash ED Raid for alleged money laundering, illegal mining; in pics - raid locations, AK-47 recovery and more

Thu, Aug 25, 2022

Prem Prakash ED Raid: The Enforcement Directorate (ED) has arrested an alleged middleman identified as Prem Prakash in connection with its ongoing money-laundering probe into an illegal mining and extortion case in Jharkhand, officials said on Thursday, IANS reported.

Coal India's output rises 11% in July despite Monsoon-induced disruptions in mining activity

Coal India's output rises 11% in July despite Monsoon-induced disruptions in mining activity

Mon, Aug 01, 2022

The public sector enterprise produced 207.1 MT of coal in the first four months of the ongoing fiscal, registering a growth of 24.3 per cent over 166.6 MT in the year-ago period.

NMDC board approves de-merger of NMDC Steel

NMDC board approves de-merger of NMDC Steel

Wed, Jul 14, 2021

"The board of directors of NMDC Limited, at its meeting held today, approved the Scheme of Arrangement for Demerger between NMDC Limited (Demerged Company) and NMDC Steel Limited (Resulting Company) and their respective shareholders...," the miner said

Commercial Coal Mine Auction RESULTS: Strong and healthy competition! What happened on Day 1 of bidding

Commercial Coal Mine Auction RESULTS: Strong and healthy competition! What happened on Day 1 of bidding

Mon, Nov 02, 2020

In all the mines auctioned, the final offer received is above 10% signalling strong demand of coal mines in the market.

National Mineral Index to make mining sector competitive

National Mineral Index to make mining sector competitive

Mon, Jul 27, 2020

A just and uniform system for development of National Mineral Index for all minerals can go a long way in ensuring a competitive mining sector inviting healthy competition in auctions and active participation by smaller mining companies.

Mining, FDI, banking, capital market PLANS REVEALED! What Modi government is doing to promote economic activities

Mining, FDI, banking, capital market PLANS REVEALED! What Modi government is doing to promote economic activities

Sun, Jul 12, 2020

Commerce and Industry Minister Piyush Goyal on Saturday said that government is looking at reforms in various sectors like foreign direct investment, mining, banking and capital market to promote economic activities in the country.

Another BIG DECISION from Modi government set to arrive? PUSH to commercial mining

Another BIG DECISION from Modi government set to arrive? PUSH to commercial mining

Sun, Oct 13, 2019

It has been reported that the Modi government is all geared up for a slew of reforms in the mining sector.

Review provisions on CSR spend by PSUs to avoid overlapping in areas under DMF: Par panel to government

Review provisions on CSR spend by PSUs to avoid overlapping in areas under DMF: Par panel to government

Sun, Jan 06, 2019

DMFs are funded by statutory contributions from holders of mining leases -- 10 per cent of royalty in respect to mining leases granted on or after January 12, 2015 and 30 per cent of royalty in respect of mining leases granted before the date.

Anil Agarwal acquires over 11% shares in Anglo American

Anil Agarwal acquires over 11% shares in Anglo American

Fri, Apr 14, 2017

The transaction for a total of 160,685,162 shares took place on Tuesday, the London Stock Exchange (LSE) notice said.

Vedanta to invest $10 billion on expanding business

Vedanta to invest $10 billion on expanding business

Sun, Feb 19, 2017

"We have the potential to spend $10 billion over a period of five years; we are looking at 3,50,000 barrel of oil... To have 100,000 barrel equivalent to gas. We are looking to integrate 3 million tonnes capacity for the aluminium," the mining baron told PTI in a telephonic interview.

NMDC in talks to acquire stake in Vietnam's tungsten mine

NMDC in talks to acquire stake in Vietnam's tungsten mine

Sun, Feb 19, 2017

"Recently a team from NMDC visited the plant and held initial discussions with Masan Resources. NMDC is interested in acquiring a considerable stake in the mine as Ministry of Defence has also expressed interest to buy the metal from NMDC. A decision will be arrived only after a due diligence," sources told PTI.

Rupee depreciation remains a significant risk to India Inc

Rupee depreciation remains a significant risk to India Inc

Tue, Jan 24, 2017

In a report, India Ratings said that depreciation of rupee remains a significant risk for corporate balance sheets, although it may not derail the economic recovery, it could impact their credit profile.

Demonetisation will help Indian economy tremendously, says Anil Agarwal, Chairman, Vedanta Ltd

Demonetisation will help Indian economy tremendously, says Anil Agarwal, Chairman, Vedanta Ltd

Thu, Jan 05, 2017

In conversation with Chairman of Vedanta, Anil Agarwal, Manoj Dharra talks about expectations from Budget 2017, Vedanta's performance impact due to demonetisation.

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