Adani's plan to build one of the world's biggest coal mines has been hampered time and again.
Gold production in India has dwindled in recent times.
The Income Tax authorities on Saturday took into possession some files relating to allotment of mining leases since 2004 when Madhu Koda, who is accused of hawala transactions, was the Jharkhand mines minister.
As it gains commercial viability, the food will likely become a powerful political currency.
Stung by the row over its application for iron ore mining leases in Orissa, the state's elite Bhubaneswar Club Ltd is likely to decide on taking back the application next week.
Mining conglomerate Vedanta on Friday beat Gautam Adani's Group to make a winning bid for the acquisition of debt-ridden Jaiprakash Associates (JAL) for Rs 17,000 crore, according to sources. The bid value translates into Jaiprakash Associates' net present value of Rs 12,505 crore.
The verdict on deemed licences has the Street question whether Sesa Sterlite owns any mines in Goa.
In a setback to the Centre, the Supreme Court on Thursday held that states have the legislative competence to impose taxes on mines and minerals-bearing lands under the Constitution.
'BJP was always there in my blood, but due to some reasons I had gone out, but today I feel I have come back to my mother's lap. Looking at my brothers here, I don't feel like I'm coming back to the BJP office after 13 years'
In June last year, India unveiled its first list of 29 critical minerals open for private sector exploration and mining. Since then, 38 critical mineral blocks have been auctioned, but only 14 - less than 37 per cent - have found bidders. This modest achievement was secured only after the Centre conducted a second round of auctions when the first round fell flat, failing to attract the minimum required bidders.
A bill to allow the private sector to mine six atomic minerals, including lithium, and deep-seated minerals like gold and silver was approved by the Lok Sabha on Friday.
The CEC gave its latest report to the Supreme Court on Thursday.
Goa Chief Minister Manohar Parrikar on Monday said the central government was responsible for illegal mining in the state as it gave environment clearances for the projects without verifying basic facts.
Central Bureau of Investigation on Thursday opposed the bail pleas of former Karnataka minister Gali Janardhana Reddy and his brother-in-law B V Srinivas Reddy, arrested in connection with alleged illegal mining activities, at a special court contending that the duo carried out "illegal" mining by creating forged documents and through conspiracy.
India Inc seems to have regained its appetite for mergers and acquisitions. In the second-largest acquisition in India's iron ore industry, Sesa Goa, a subsidiary of London-listed Vedanta Resources, on Thursday acquired Goa-based Dempo group's mining and maritime businesses for Rs 1,750 crore in an all-cash deal.
The mines ministry on Friday said it has sought the law ministry's advice on how to go about granting leases till the proposed new mining Bill, having provisions for auctioning of mines, is passed.
The Central Bureau of Investigation has called Y S Jagan Mohan Reddy, son of former Andhra Pradesh Chief Minister Y S Rajasekhara Reddy, for questioning on November 4 in connection with alleged multi-crore iron ore mining scam.
Dual methodology for e-auction to introduce price ceiling for power sector
The Supreme Court's landmark decision to allow reopening of Category-A and Category-B mines in Karnataka has come as a big relief to the mining sector and the ore-starved steel industries in the state.
Union Minister for Environment and Forests Jayanti Natarajan on Wednesday termed the Goa government's action against all 93 mining leases in the state, in response to the Justice M B Shah Commission report, a "whitewash". "The Shah Commission tabled its report on September 7. Within two days, the Goa chief minister issued an order suspending licences of mines, which is a complete whitewash," she told reporters.
After being ticked off by the Supreme Court-appointed Centrally Empowered Committee over "erroneous and incomplete data" on mining, Goa Chief Minister Manohar Parrikar has sought to deflect the blame on erstwhile Congress regime for the "mess-up".
A bill to auction coal mines is also likely to be passed later.
The changes were made to several regulations in a coordinated manner by the environment ministry, the tribal affairs ministry and the mines ministry over a year.
The Central Bureau of Investigation, probing "illegal" mining and irregularities in the allotment of mining leases to Obulapuram Mining Company, will submit a status report before the Supreme Court on September 30, a senior official said.
Faced with one setback after another in expanding the scope of mining in the country, almost all the major miners of the world have wound down their operations in India.
The Centre has issued a fifth draft notification to declare over 56,800 square kilometres of the Western Ghats across six states, including 13 villages in Kerala's landslide-hit Wayanad, Ecologically Sensitive Area (ESA), inviting suggestions and objections within 60 days.
The Supreme Court on Monday lifted its ban on iron ore mining operations in Karnataka by those companies which had not flouted lease conditions. A three-judge bench headed by Justice Aftab Alam accepted the report of its Central Empowered Committee, which had said that Category 'A' leases which consist of 21 operational and 24 non-operational leases should be allowed to carry on their business as they have not violated any rules.
Operations at 26 mines are set to commence again within a couple of months.
The Ministry of Mines has directed the Geological Survey of India (GSI) to conduct a re-exploration of the 5.9 million tonnes of lithium block in Jammu and Kashmir's (J&K's) Reasi district after repeated setbacks to put the reserve up for auction again in six months.
Essel Mining & Industries Limited (EMIL), Adani Enterprises (AEL), and JSW Steel are looking to surrender their mines. Of these, AEL and EMIL have already notified the government.
The case was registered against the minister and four others earlier this week on the orders of the high court, after the local police allegedly did not act on the complaint filed with them.
Karnataka Lokayukta Police on Tuesday raided the premises of former minister and mining baron Janardhan Reddy in Bellary for alleged illegal mining and possession of disproportionate assets.
Besides Yadav, the CBI is likely to question Gayatri Prajapati, who was arrested in 2017 following a complaint of rape by a woman residing in Chitrakoot.
A highly placed source in the know of content of the draft report prepared by the three-member panel told PTI that the ministry team has secured evidence to establish the fact that illegal sand mining is happening in the Uttar Pradesh district.
In her fourth tranche of the economic package, she said commercial mining will be done on revenue sharing mechanism instead of the regime of fixed rupee/tonne.
The launch of a new party by former Karnataka minister and mining baron G Janardhana Reddy has spiced up the poll scene in parts of state.
In a bid to capitalise on its underwater resources, the Indian government has introduced new rules for auctioning offshore mineral assets, aiming to ensure a transparent and competitive process. While these rules feature stringent eligibility criteria, they also simplify the awarding process. This move comes in the wake of the less-than-expected interest in critical mineral auctions.
Hemant Soren, the youngest chief minister of Jharkhand, has navigated a tumultuous political journey marked by legal battles, party rivalries, and personal setbacks. Despite facing challenges, he has emerged as a powerful advocate for the rights of tribal communities, earning his place as a formidable figure in the state's political landscape. This article explores his rise to power, his leadership style, and the key initiatives he has undertaken for the betterment of Jharkhand.
Jharkhand Chief Minister Hemant Soren on Thursday alleged blatant misuse of constitutional authorities and public agencies after reports claimed that the Election Commission recommended his disqualification as an MLA in the mining lease case.
