Mines Ministry working on EEZ offshore concession rules
The Department of Science and Technology (DST) and the Council on Energy, Environment and Water (CEEW) jointly organized a National Dialogue themed ‘Critical Mineral Resources for India's Manufacturing Needs,’ on Tuesday in New Delhi. Balvinder Kumar, Secretary Mines, after delivering the keynote, released the DST report on ‘Critical Non-Fuel Mineral Resources for India’s Manufacturing Sector: A Vision for 2030.’ The Indian government in the past few years has put in major efforts to boost the growth of Indian mining sector through transparent auctions, speedy clearances and creating an exploration fund. The main focus of the national dialogue was on the recommendations of the study, basing on which they outlined an action plan identifying key mineral resources for India and methods to bring down supply risks. After ...
Indian firms likely to invest $6 bn in Mozambique ONG sector
Sai Nikesh | The Dollar Business Indian oil companies are likely to make an investment of around $ 6 billion in Mozambique’s oil and gas exploration sector. A statement to this effect was made by Dharmendra Pradhan, Indian Minister of State (Independent Charge) for Petroleum and Natural Gas, on Monday, say the reports. The Minister was said to have informed that the State-run Oil & Natural Gas Corporation (ONGC), Oil India Limited (OIL) and Bharat Petroleum Corporation Limited (BPCL), will be investing around $ 6 billion for development of a giant gas field off the Mozambique coast, over the next four years. Besides the development of the gas field, the investments are also focused at converting the fuel into ...
