Indias iron ore imports ease, exports rise on policy support
Sreenivasa Rao Dasari India registered a significant surge in exports of iron ore, ores and concentrates of copper and chrome during the first half of the 2016-17 financial year while witnessing an encouraging drop in imports of iron ore, ores and concentrates of aluminium, copper, chrome and manganese. Country's iron ore (HS code: 2601) exports were $432.14 million in April-September of 2016-17 financial year from $191.46 million for whole fiscal of FY-16. Iron ore imports eased to $116.87million in the first half of FY-17 from $494.25million in 2015-16 fiscal. India recorded 7.23% growth in mineral production during April-September in FY-17 as against the 9% growth in 2015-16 financial year, according to the latest report from Union Ministry of Mines and Department of ...
Mining Amendment Act to simplify procedures, avoid delays
The Dollar Business Bureau The Steel & Mines Minister, Narendra Singh Tomar, on Thursday, said the Mines and Minerals Development and Regulation (MMDR) Amendment Act will simplify the procedures and avoid delays in mining sector. Addressing the media, the Union Minister informed that once the Act is notified in a week’s time, the States will be provided with the draft rules of the Act to go ahead with the simplified mining procedures. The Union Minister further informed that the States will no longer have to wait for the Centre’s approval for a mining process, as the Act (Section 5(2)(b)) allows the State Governments to devise a system for filing of a mining plan avoiding the need for prior approval ...
