Search Result for : Minerals

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 ...

The Dollar Business Bureau The International Trade Price Index released by Australian Bureau of Statistics for the month of March shows that while import prices remained stable, export prices soared to astonishing highs. Cumulatively, import prices increased by merely 1.2% from the first quarter of the previous year whereas export prices rose by 29.1% over the same period. As against the October-December quarter (2016), import prices experienced a fall of 0.6% while export prices grew by 9.4%. The reason cited for volatile export price movement is a turn in commodities cycle, propelled by commodity prices like those of iron ore reaching $94 per tonne towards the end of February 2017. Australia's metal exports in alumina, iron ore and copper showed a price increase of 18.8% during the January-March 2017 period. This was ...

The Dollar Business Bureau India will start next month its biggest aero-geophysical survey for minerals to explore deep-seated resources like copper and gold, as it strives for developing its mining industry and decrease its dependence on minerals imports. More than 200,000 square kilometres of area will be covered by the survey across seven states of the country from Rajasthan in the western region to Andhra Pradesh in the southeast, Balvinder Kumar, Mines Secretary, told Reuters on Monday. The collected data will be made public for domestic and foreign firms later this year to consider mining in India. Only a portion of areas in the country with potential for minerals has been explored which means that India has to import everything from copper to aluminium and asbestos ...

India has made tremendous progress in terms of its services for Australian businesses and moreover present great prospects on an amount of a huge market of 1.2 billion people The Dollar Business Bureau Australia has been pitching India as an attractive investment destination and is very eager to invest in LNG, financial services, education and healthcare sectors of the $2-trillion economy   India and Australia will work together and invest in several sectors. Australia can lend its services and expertise in the field of containing water management, skill development and minerals. According to the Indian High Commissioner to Australia Navdeep Suri, Australia sees the Indian economic story. It has benefited enormously from its 20 years engagement with China, but as Chinese economy begins to ...

Source: PIB, Government of India The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of August, 2015 declined by 0.5% to 176.7 (provisional) from 177.5 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at -4.95% (provisional) for the month of August, 2015 (over August, 2014) as compared to -4.05% (provisional) for the previous month and 3.85% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 0.34% compared to a build up rate of 3.11% in the corresponding period of the previous year. The movement of the index for the various commodity groups is summarized below:- PRIMARY ARTICLES (Weight 20.12%) ...

Source: PTI India and Mozambique on Wednesday decided to ramp up economic engagement, particularly in the energy sector with Prime Minister Narendra Modi saying the African nation can be a "large source" of coal and natural gas to drive the growth of Indian economy. During his wide-ranging talks with President Filipe Nyusi, Modi hoped that Mozambique, with its estimated 180 trillion cubic feet of off-shore gas reserves, would provide an "encouraging environment" for Indian investments in various key areas including hydrocarbons, minerals and infrastructure. Both sides inked an MoU on Cooperation in the field of renewable energy. The two leaders deliberated on a range of issues including cooperation in defence, maritime security in the Indian Ocean region, agriculture and ocean economy. ...

The Dollar Business Bureau India’s mineral production was to the tune of Rs 22,352 crore in March this year and the sector registered 1.4% growth in the past one year. The index of mineral production in the month of March this year was at 148.5, up 0.9% as compared to the same month in 2014. The cumulative growth for April- March 2014-15 over the corresponding period of the previous year stands at 1.4%, said a government data released on Thursday. The total value of mineral production, excluding atomic and minor minerals, during March this year was Rs 22,352 crore. Of them, the value of coal Rs 9,377 crore was the highest contributor. Coal and five other minerals— petroleum (crude), ...

 The Dollar Business Bureau “Railways should prioritise linking economic clusters through high-speed passenger and freight network,” said CUTS (Consumer Unity & Trust Society) International as part of its comments on the Bibek Debroy Panel report on Restructuring Railways. The non-profit went on to add that, in fact, a detailed exercise of mapping current and future economic clusters must precede the efforts of railway liberalisation. This will ensure enhanced participation of private players. For example, focus on railway investments on the feeder routes from the coal and iron ore mines located mostly in the tristate area of Chhattisgarh, Orissa and Jharkhand will help achieve greater efficiency. In addition to the above, an urgent action is required to ensure that India’s transport ...