The company signed a JV agreement with Coal India to set up 5000 Mw of solar and thermal projects. These projects are expected to commence between 2023 and 2027.
India's industrial production growth slowed marginally to 4.9 per cent month-on-month in March 2024, mainly due to poor show by the mining sector, according to official data released on Friday. The factory output growth, measured in terms of the Index of Industrial Production (IIP), was 5.6 per cent in February 2024. However, it was 1.9 per cent in March 2023.
The Centre is likely to plead before the Supreme Court that there should not be a blanket ban on iron ore mining in Bellary in Karnataka and that only the violating companies should be dealt with, when it presents its interim report this week.
The Union home ministry wants state governments to take proactive action against illegal mining as it has become a national security threat. In a recent meeting with the states, the home ministry said that windfall profits from such mining of minerals and sand were being used by the mafia to aid extremist elements.
A complete ban on mining activities in areas of national parks, tiger reserves and wildlife sanctuaries could be on the anvil if the government agrees to the recommendations of a high-level environment ministry panel.
Greenpeace activists staged a protest demanding an end to deep sea mining outside the ministry of industry in Prague, Czech Republic, last week.
Soon after stalling Vedanta's proposed bauxite mining project in Orissa, the Environment Ministry on Tuesday said the licence granted to mining firms supplying the mineral to its alumina refinery is under scanner.
Mines Minister B K Handique said that his ministry is not in favour of any further equity dilution in the navratna PSU.
For the country's maiden offshore mineral mining auction, the Centre is planning to relax the rules on the number of chances for bidding. Under the newly announced draft Offshore Areas Mineral (Auction) Rules and Offshore Areas (Existence of Mineral Resources) Rules, the ministry of mines is planning to offer three chances to potential bidders in its forthcoming inaugural offshore mining auction. If a single bid is not received during the second attempt, the plan is to initiate a new round of bidding for the third time.
Karnataka and Andhra Pradesh in the south, and Rajasthan and Gujarat in the west, are the country's top producers of limestone
The government has garnered Rs 2 lakh crore by auctioning 33 blocks.
South Korean steel giant Posco's wait for a mining licence in Orissa has got a little longer.
The Union mines ministry on Wednesday said its profit sharing plans are not focussed on any corporate houses like Tatas and Jindals, but aims at providing compensation to the people displaced by mining projects.
While the gold policy covers every aspect, from sourcing gold to trading and investing in it, experts assert that the policy is incomplete if mining of gold in India isn't promoted.
The strong message from the prime minister is of continuity of policies he considers right with strong emphasis on execution, points out T N C Rajagopalan.
The proposals cleared by the DAC include new-generation anti-tank mines, air defence tactical control radar, heavy-weight torpedoes, medium-range maritime reconnaissance and multi-mission maritime aircraft, flight refueller aircraft and software-defined radios.
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.
Amid UPA Chief Sonia Gandhi voicing concern over land acquisition norms, a Group of Ministers (GoM) will meet this week to take a view on the new mining bill, which seeks that miners share 26 per cent of profits with those affected by the project.
In seeking visa approvals for engineers from China, the company has reasoned that India lacks the expertise to set up such a solar facility.
Prime Minister Narendra Modi was on Tuesday officially conferred the 'Order of St Andrew the Apostle' award by Russian President Vladimir Putin for his contribution to fostering bilateral ties between the two countries.
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.
India's industrial production growth accelerated to a four-month high of 5.7 per cent in February 2024, mainly due to the good performance of the mining sector, according to official data released on Friday. The factory output growth measured in terms of the Index of Industrial Production (IIP) was 6 per cent in February 2023. The previous high of IIP was recorded at 11.9 per cent in October 2023, which slowed to 2.5 per cent in November, 4.2 per cent in December and 4.1 per cent in January 2024.
Rajasthan Chief Minister Vasundhara Raje on Saturday retained 46 ministries as she allotted portfolios of Rural Development and Panchayti Raj, Health and Mines among her Cabinet ministers.
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.
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.
The Bill also envisages ushering in a regime of royalty concessions for the first time in the country.
India's industrial production growth slowed to 3.8 per cent in January, while the February retail inflation at 5.09 per cent remained within the Reserve Bank's comfort zone for the sixth straight month, according to the latest government data. Growth in factory output, based on the Index of Industrial Production (IIP), slowed to 3.8 per cent in January 2024, mainly due to poor performance of manufacturing, mining and power sectors, according to the data released by the Ministry of Statistics & Programme Implementation.
The Supreme Court on Friday suspended with immediate effect mining of iron ore in 10,868 hectares in Bellary district of Karnataka.
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.
Goa may resume iron mining in two months after green nod.
India and Canada have mutually beneficial political and economic linkages. The two countries should get together and find a solution. The expulsion war should, in the meantime, be a guarantee against any deterioration of the situation, asserts Ambassador T P Sreenivasan, the first Indian head of mission to be ever expelled by any country.
The government is auctioning 42 coal mines among 204 coal blocks.
The government is planning to tweak its procurement policy to give a fillip to domestic manufacturing. The industry department has floated a proposal to raise the minimum local content requirement for public procurement for Class-I and -II suppliers from 50 per cent currently to 70 per cent, and 20 per cent as of now to 50 per cent, respectively.
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'Mining jobs get created in the most backward districts of India's poorest states,' says Anil Agarwal.
Rao is now just the Minister of State for Coal.
JSPL, Tata Power, Monnet Power, Jindal Photo in the dock.
As of now, only Indian power, steel and cement companies can mine coal for their own consumption.
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.
A panel led by the secretaries of the DEA and the DIPP would conduct a quarterly review on the pending proposals.
