India, Australia sign mining cooperation agreement
Source: PIB, Government of India “The total trade between India and Australia in 2013-14 was to the tune of 15 billion Australian dollars. We are hopeful that by forging mutually beneficial alliances, India will go on to feature in the top ten trade partners of Australia,” said Minister of Steel & Mines Narendra Singh Tomar in his inaugural address to an international audience assembled at the Asia Pacific International Mining Exhibition (AIMEX) 2015 in Sydney on Tuesday. Tomar is heading a delegation, comprising heads of mining organisations and ministry officials to AIMEX 2015. The Minister shared the dais with Indian High Commissioner in Australia Navdeep Suri at the India Day event, held with the objective of inviting proactive partnership of miners ...
Government to allot 62 offshore mineral blocks for mining
Source: PTI The government is in the process of framing regulations for exploration and mining in offshore blocks, which contain minerals such as zirconium, titanium, thorium, tungsten and rare earth elements. Mines Ministry has set up a committee that is framing the rules under the Offshore Development and Regulation Act, a top ministry official has said. “I have constituted a committee under Economic Advisor to frame rules under Offshore Development and Regulation Act. When the rules are framed, we will go for allotment of blocks for offshore prospecting, exploration as well as for mining,” Mines Secretary Balvinder Kumar told PTI. The Geological Survey of India (GSI) carries out surveys in the Exclusive Economic Zone (EEZ) and Territorial Waters (TW) of India to ...
Centre moots greater role for States in minerals mining
The Dollar Business Bureau With an aim to expedite the mineral development, the Government of India on Thursday has taken decision to delegate power to the State governments. Notifying 31 major minerals under the minor mineral category, the Indian Union Minister of Steel and Mines Narendra Singh Tomar announced that this move of the Centre is to devolve more power to the States. The Minister was speaking on the sidelines of the 54th meeting of Central Geological Programming Board (CGPB) at Vigyan Bhawan in New Delhi on Thursday. These 31 minerals account for over 55% of the total number of leases and nearly 60% of total leased area. The Minister further said that the Central government wants the Public Sector Units ...
