Goyal suggests PPP model to step up Indias mineral exploration
The Dollar Business Bureau Mineral exploration in the country is presently constrained due to lack of participation from the private sector, said Power, Coal, New & Renewable Energy and Mines Piyush Goyal, and suggested a public private partnership (PPP) model to provide a fillip to the mineral exploration activity. “The time is ripe to reflect on where we had gone wrong”, the Minister said while addressing a conference on ‘Indian Mining Industry 2030 - Way Forward’, organised jointly by FICCI and Ministry of Mines on Tuesday. He suggested setting up of a committee that consists of young mining aspirants for developing a position paper to expedite exploration activities. “This committee should look at innovative ways to bring down the time of actual operation of mine after it ...
Mineral production up by 2.3% in November 2015
The Dollar Business Bureau India’s mineral production increased by 2.3% in November last year compared to the output of the same month in 2014 and the total production value crossed Rs.19.300 crore. The index of mineral production of mining and quarrying sector for November stood at 131.5, which is higher by 2.3% compared to November 2014, Mines Ministry said in a statement. The cumulative growth in mineral production during April-November of the current financial year also went up by 2.1% over the corresponding period of previous year. While coal with total production value of Rs.8266 cr (43%) was the highest contributor to overall production during the month, crude petroleum came second with Rs.5525 cr, followed by natural gas (utilized) at ...
