Search Result for : Mining Industry

The Dollar Business Bureau Bauxite production in India is likely to increase to 49.4 million tonnes by 2021 from 22.08 million tonnes in 2016, according to a report.   The production of bauxite in the country is estimated to be 26.1 million tonnes in 2017, an increase of 18 compared to last year 2016, the report by BMI Research said. The production of the metal is likely to reach to 49.4 million tonnes in 2021, the report said.  “We forecast Indian bauxite production to grow from 26.1 million tonnes in 2017 to 49.4 million tonnes in 2021, averaging an annual growth rate of 17.5% during 2017-2021, significantly higher than the annual average 3.9% growth over 2012-2016,” the Research report said.  The growth of bauxite production in ...

The Dollar Business Bureau Philippines is considering imposing a ban on unprocessed mineral exports in an effort to encourage value addition to the mining sector, a senior government official said. Philippines is the topmost nickel ore exporter in the world, supplying almost all of its production to China. The previous governments had supported the calls to promote domestic processing of minerals but their efforts were unsuccessful as the Congress was unable to enact appropriate laws. “It’s one of the things we’re considering for any mine that we think should remain operating. In the long term, that will help our economy because that will increase the value of the products,” Maria Paz Luna, Undersecretary, Environment and Natural Resources told reporters on Friday. “This is one of the choices that not ...

The Dollar Business Bureau The government to start auctioning of minerals by year-end with approximately 70 leases planned for the first phase and the states are now finalizing the modalities for the process, said the Minister India’s mining sector will attract huge investments from within the country and abroad and generate additional employment in the next few years, said Vishnu Deo Sai, Minister of State for Steel & Mines.  “We must start looking overseas for mining assets acquisition to gain global competitive advantage. There should be more of exchange visits and participation in international mining events to increase the exchange of information, best practices and technology transfer while promoting the skill development and joint ventures” Sai said at a conference on ‘Indian ...