Mines Minister B K Handique said that his ministry is not in favour of any further equity dilution in the navratna PSU.
The government has garnered Rs 2 lakh crore by auctioning 33 blocks.
The Prime Minister's Office has asked the Coal Ministry to monitor closely the process of allotment and auction of coal mines to ensure that there is no disruption in the production of dry fuel.
Congress leader Shashi Tharoor on Thursday said it's a pity that since switching sides, Scindia has adopted the Modi government's "uncaring attitude" to the public.
A new law has been put together to actually take control of the mining sector away from the government, specially the Union government, and make regulation by an independent authority the basis of mineral development in India.
Under attack over illegal mining issue in Gautam Budh Nagar, Uttar Pradesh Chief Minister Akhilesh Yadav on Monday said stern action was taken whenever such incident was reported in the state.
Coal Minister Sriprakash Jaiswal on Thursday said mining should be allowed in 90 per cent of the areas classified as no-mining zones by the Environment Ministry and a proposal will be tabled before Cabinet soon, after ascertaining the views of different ministries.
Minister of state for personnel Jitendra Singh said it is a major step to place the right talent for the right role.
The Supreme Court on Friday suspended with immediate effect mining of iron ore in 10,868 hectares in Bellary district of Karnataka.
After six years of probe, the Central Bureau of Investigation filed the closure report before a special court last week as it could not find enough evidence in the case to proceed with prosecution, the officials said.
.jpg)
'Mining jobs get created in the most backward districts of India's poorest states,' says Anil Agarwal.
India has about 9 per cent of the total gold reserves in the world, yet imports gold worth more than Rs 65,000 crore. The government plans to reduce gold and diamond imports by Rs 20,000 crore.
POSCO officials have said it was unlikely to build the plant without assured supply of iron ore.
The government is auctioning 42 coal mines among 204 coal blocks.
As of now, only Indian power, steel and cement companies can mine coal for their own consumption.
JSPL, Tata Power, Monnet Power, Jindal Photo in the dock.
Dubbing the Bharatiya Janata Party ministry in Karnataka as the "most corrupt government in free India", the Congress on Wednesday demanded the immediate resignation of Chief Minister B S Yeddyurappa and all ministers indicted by the Lokayukta in the illegal mining case. "Those holding constitutional positions should uphold high moral traditions. Yeddyurappa and all ministers involved in the nefarious activities should quit," party spokesman Shakeel Ahmed told reporters.
The Goa Foundation started filing writ petitions before the Bombay High Court from 1992 onwards against several mining companies.
The verdict on deemed licences has the Street question whether Sesa Sterlite owns any mines in Goa.
At the time of bidding, Amit Bahadur had Rs 4,840 in his bank account.
Finance Minister Arun Jaitley has said the larger interest of the public sector would be fully protected.
'Not even a single rupee from the electoral bonds should be allowed to be used in the election.' 'If it is used in the election, it will taint India's electoral process itself.'
'All those who participated in the agitation were branded as anti-nationals.'
In a bid to diversify its portfolio, the state-owned National Thermal Power Corporation proposes to foray into new areas, including coal mining and coal washeries, through the joint venture route where it would hold minority stake.
The Uttar Pradesh government on Wednesday reluctantly admitted before the National Green Tribunal that illegal sand mining was going on in the state and not even a single environmental clearance had been granted for it in Gautam Budh Nagar district.
India offers policy stability, transparency and consultative process of governance to incubate investment, Finance Minister Nirmala Sitharaman said on Thursday as she invited investments in prospecting energy resources in the country. Stressing that there is a need for investments in coal, she said, "We need greater investments also to help in gasification of coal. I invite all of you to energetically participate in the (sixth round of commercial mines) auction processes which have been launched today and keep your options also further extended for greater extraction of minerals in India." During this 'Amrit Kaal', India needs all the basic minerals as the country is in the process of rapid growth, she added.
Mining companies will now have to cap mining activities in Goa.
Those for power sector to see tussle between prior owners & new challengers
More than legal and illegal mining of sand, the issue which stares us in the face is sustainable sand mining, says Gopal Krishna
The recommendation, if implemented, could severely dent coal miners' bottom line.
The shift to gross calorific value-based grading of coal aligned domestic prices with international benchmarks.
Amidst the storm over CAG report on coal block allocation, the Prime Minister's Office has expressed displeasure over inaction by the Coal Ministry in cancelling blocks where mining has not taken place and asked it to expedite the matter by September 6.
An inquiry has been ordered by the Director General of Mines Safety and a high-level committee of experts has been constituted by Coal India to investigate the causes of the accident.
Union Labour Ministry has announced pension scheme for unorganised labour hands like mine and cine workers.
Environment ministry has given its go-ahead to POSCO's planned steel plant in the country, but has asked it to spend on "social commitments", a company spokesman said, raising the project's cost by $600 million to $12.6 billion.
The Cabinet can take a decision on the matter only after the Election Commission's approval.
The divestment department has proposed that public sector units involved in mining ores alone should qualify for 'natural asset' status while imposing additional norms concering employment of labour.\n\n\n\n
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances