Search Result for : Mining Sector

The Dollar Business Bureau India’s mineral production recorded a growth of 9.4% in the month of August this year compared to the same month last year. The total value of mineral production during the month was Rs.18,015 crore. “The index of mineral production of mining and quarrying sector for August 2017 at 92.7, was 9.4% higher as compared to the level in the month of August 2016,” according to a statement issued by the Ministry on Mines on Monday. “The total value of mineral production - excluding atomic and minor minerals - during August 2017 was Rs.18,015 crore,” it said. The cumulative growth in the mineral production, during the period April-August of this fiscal, was 3.3% compared to same period a year ...

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 mineral production index of mining and quarrying industry for the month of November rose by 3.9% while the overall value of mineral production in the month has been projected at Rs.20,481 crore.  “The index of mineral production of the mining and quarrying sector for November 2016, at 135.9, was 3.9% higher compared to November 2015,” Mines Ministry said in a statement on Friday. “The cumulative growth for the 8-month period April-November of 2016-17 has been 0.3% as compared to the same period in the previous year,” it said.  The total value of mineral output - excluding minor and atomic minerals - in the given month was Rs.20,481 crore.  The highest contribution was from coal at Rs.8,737 crore (43%). The other major minerals ...

PTI Himachal Pradesh government has notified the guidelines for transparent auction and scientific mining and hiked the penalty for offences under the mining act.  The government has decided that the mining lease would be granted through open auction, officials said.   In order to curb illegal mining the state government has notified Himachal Pradesh Minor Minerals (Concession) and Minerals (Prevention of Illegal Mining,Transportation and Storage) Rules, 2015 providing for stringent punishment for illegal mining.    Imprisonment up to two years or fine up to Rs 25,000 or both has been made for those involved in illegal mining of minerals, their transportation and holding. The compounding of offence for illegal mining has been linked with quantity of illegally extracted material and in addition to the minimum compounding fee of Rs ...

The Dollar Business Bureau National Aluminum Company Ltd, (NALCO) a Navratna Central Public Sector Enterprise, under Ministry of Mines, has been granted lease of Pottangi Bauxite mines, Odisha. The Bauxite mine, whose lease has been extended to NALCO, is situated in Koraput of Odisha, where NALCO’s 22,75,000 tonne capacity lumina refinery is based. NALCO, on Wednesday, stated that the lease of Pottangi which is spread across 1,738 hectares, has been granted for 50 years. The department of steel and mines, recently, issued an order announcing about the lease, said the Navratna PSU in a release. Tapan Kumar Chand, Chairman-and-Managing Director of Nalco, stated that the company now has to live up to the expectations of both state and the Centre, and also the people of ...

Aamir H Kaki The government is planning to place 50-60 mines on auction this year. Out of which, six mines have already been auctioned and another 20-25 mines are in the pipeline that will be put up for auction in the next three months, Balvinder Kumar, Secretary, Ministry of Mines, said while addressing a gathering at “Workshop on Mineral Concession Rules, 2016” organised by FICCI on Wednesday. Six mines have already been auctioned and another 20-25 mines are in the pipeline that will be put up for auction in the next three months. He informed that the mines in the states of Karnataka, Gujarat, Rajasthan, Jharkhand and Madhya Pradesh are in the pipeline for auction. Kumar further said that the ministry is coming ...

Source: PTI   The Himachal Pradesh government has approved 79 proposals envisaging investment of Rs 3,300.16 crore out of total 117 proposals received in recent investor meets, state Industries Minister Mukesh Agnihotri said. The minister said as many as 117 Industrial proposals with estimated investment of Rs 6,031.37 crore were received as a result of "investors meets" organised by the government at Mumbai, Bengaluru, Ahmedabad and New Delhi last year. "79 proposals with investment of Rs 3300.16 crore and employment potential for 9093 persons had been cleared by State Level Single Window Clearance and monitoring Authority (SLSWC and MA)," he said. While presiding over the review of Industries department, Agnihotri asked the officers to ensure maximum liaison with potential entrepreneurs to attract investment to the state ...

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), ...