Unconfirmed reports indicate that India imported 185,113 tonne of iron ore during April-June 3013 and this is 78 per cent lower than 826,372 tonne imported in the year-ago period. By the end of August, the government would officially release data on iron ore import, reports indicate.India was once the third-largest exporter of iron ore in the world, exporting about 98 million tonne, or 47 per cent
Category: Coal & Mining
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Major ports witness rise in coal cargo
The 12 major ports in the country witnessed 43.96 percent rise in the handling of thermal coal cargo at 19 million tonne (mn t) during Apr-Jun 2013 from the year-ago period. This include mostly the import of thermal coal for power plants in the country. At a time when growth in the general cargo volume is stagnant across all major ports, the rise in the import of coal by domestic power producers may provide relief for these ports, reports
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Experts seek revamp of royalty policy
Experts argue that the mining industry in India is subject to adhoc and arbitrary royalty regime by the government. They argue that faulty royalty regime is one of the issues plaguing the sector. Industry observers feel that royalty rates of all metals were increased to figures much above the global standards
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SC asks govt to reveal procedure adopted for block allocation
Union government was asked by the Supreme Court to explain the procedure and methodology adopted for the allocation of 164 coal blocks. The apex court asked the central government to submit an affidavit, along with supporting material, explaining the above details. The court passed this order after going through the status report submitted by Central Bureau of Investigation (CBI)
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Board may probe unloading of coal at Karwar port
Media reports indicate that the Karnataka Pollution Control Board would study the recent unloading of coal cargo at Karwar port. It is learnt that the port is prohibited from unloading coal as it would pollute sea water and endanger the fishes. The port recently received a consignment of coal cargo and this is said to be first ever import of coal in Karwar port in the past 20 years. TAN BINH 39, a ship with
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Odisha govt’s resolution does not pass legal scrutiny
Media reports indicate that the Odisha government may withdraw its earlier decision to mandate mine lessees in the state without end-use plants to sell at least 50 per cent of their output to local industries. On December 5, 2012, the steel & mines department notified the resolution to this effect. However, the law department of the state government has not cleared the resolution as it feels the move may not p
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Odisha govt to introduce e-auction after conducting study
Odisha government plans to conduct e-auction of iron ore in the state after studying the same in Karnataka. For this purpose, two officials from Odisha steel and mines department and one from CSM technology would visit Karnataka and study iron ore e auction patterns, modalities and challenges in the state. Following a Supreme Court order in 2011, e-auction of minerals is being conducted in Karnataka and this in
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Odisha govt to introduce e-auction after conducting study
Odisha government plans to conduct e-auction of iron ore in the state after studying the same in Karnataka. For this purpose, two officials from Odisha steel and mines department and one from CSM technology would visit Karnataka and study iron ore e auction patterns, modalities and challenges in the state. Following a Supreme Court order in 2011, e-auction of minerals is being conducted in Karnataka and this in
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Cargo volume rises 40% in Gangavaram port
Cargo volume at Gangavaram port rose 40 per cent to 4.2 million tonne in Apr-Jun 2013 compared to 3 million tonne in the year-ago period. Over 85 per cent of the cargo handled by the port is coal, while the remaining were limestone, timber, fertilisers and other items, reports indicate. During 2013-14, the port expects to handle over 15 million tonne cargo compared to 13.09 million tonne in the previous year
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Goa govt to apprise SC on action against illegal mining
Goa government is taking steps to address the issue of illegal mining in the state and it would apprise the Supreme Court about the measures taken by when the matter comes up for hearing on July 10, reports indicate. Among the measures initiated by the state are adoption of differential global positioning systems (DGPS) mapping, regularization of dumps, e-filling. The state government is learnt to have addressed mining issues in four areas out of the six areas of conc