India’s 150 poorest but mineral-rich districts could get a major facelift in the next one year, coinciding with the 2019 general elections, provided the state governments are able to spend over ~18,800 crore they have from mining companies under the district mining fund.
India is seeking rights to mine for gold and diamonds in Russia’s resource-rich Far East, Trade Minister Suresh Prabhu told Reuters on Tuesday.
Industrial output grew by 4.4 per cent in March, the slowest in five months, due to a fall in capital goods production and deceleration in mining activity, according to the official data.
The Central government is expected to get Rs 8,044 crore as interim dividend from state-owned Coal India Ltd for the fiscal year 2017-18.
Centre’s move to allow private sector to commercially mine coal will boost both production and mining efficiency.
Australian mining legend Lang Hancock’s dream four decades ago of exporting coal from the country’s remote Galilee Basin is becoming a nightmare for two Indian conglomerates.
After the end of the monsoon season, iron ore extraction activity has started in Goa but the pace has been slow.
New National Mineral Policy: Steel Ministry pins transport infrastructure, high royalty as focus points
Slashing the royalty rates charged on mineral production; discouraging road transport of minerals and increasing the share of rail transportation
Vedanta Resources Plc will invest roughly $9 billion in India over the next few years to expand its hydrocarbons, metals and mining businesses and meet more of India’s requirements of these commodities locally, executive chairman Anil Agarwal said in an interview.
As many as 89 projects of Coal India are running behind schedule due to reasons such as delay in green clearances and law and order problems, the world’s largest coal miner said in a report.