While IndiaÂ’s infrastructure investment is likely to provide a boost to steel demand over the long term, there could be challenges to the raw material availability. Iron ore related uncertainties could be sorted out in the medium to long term,
Category: Coal & Mining
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Cheaper import is a matter of concern for Indian manufacturers
For long term sustenance, it is essential that appropriate policy measures be in place for value adders like steel plants for requisite and stable raw material linkage, observes Dilip Oommen, CEO & MD, Essar Steel India,
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Govt sets up panel for revision of royalty
Some of the mineral rich states like Chhattisgarh, Jharkhand, Karnataka, Odisha, Rajasthan requested to enhance the rates of royalty for major minerals. The government has set up a Study Group on revision of rates of royalty and dead rent for major minerals (other than coal, lignite and sand for stowing) on September 13, 2011. The Study Group has to undertake detailed consultations with all stakeholders. The Study Group is likely to submit its final report shor
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EXIM policy guides export of iron ore and chrome ore
Export of minerals, including iron ore and chrome ore is guided by the Export-Import Policy. To conserve limited natural resources and to meet the domestic demand, duty on export of iron ore has been increased from 20 to 30 percent on ad valorem basis on all grades of iron ore (except pellets) with effect from December 30, 2011 and the export duty of chrome ore incre
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EXIM policy guides export of iron ore and chrome ore
Export of minerals, including iron ore and chrome ore is guided by the Export-Import Policy. To conserve limited natural resources and to meet the domestic demand, duty on export of iron ore has been increased from 20 to 30 percent on ad valorem basis on all grades of iron ore (except pellets) with effect from December 30, 2011 and the export duty of chrome ore incre
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RINL urges AP govt to seek ministry nod for mine allotment
Andhra Pradesh government received a request from AP Choudhary, Chairman and Managing Director of Rashtriya Ispat Nigam (RINL) to seek the approval of the union ministry of mines for allocating Bayyaram iron ore mines at Khammam district. The company is learnt to have agreed to invest Rs 42,400 crore in the state and the state government agreed to facilitate allotment of iron ore mines to RINL on pr
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Panel revokes green nod for Posco project
South Korean steel major Posco will have to take environmental clearance again for at least some part of its proposed Rs 54,000-crore integrated steel plant in Odisha as the statutory environment panel revoked the existing clearance. The company has been asked by the expert appraisal committee on industry to furnish detailed infor
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Govt considers 17 coal blocks for state-run firms
The union ministry of coal circulated 17 coal blocks for allocation to government companies out of which 14 are for specified end-use power and three coal blocks are earmarked for purpose of mining. These blocks would be allotted for eligible companies as per the ‘Auction by Competitive Bidding of Coal Mines Amendment Rules, 2012
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Govt told to make CIL produce coal at allotted mines
Perturbed over the slow pace of development at 119 mines allocated to Coal India, a Parliamentary panel has asked the government to 'act swiftly' and ensure that CIL starts production there. With such a slow pace of work, the committee are unable to understand when the actual production from these coal blocks allocated to CIL will be started, the Standing Committee on Coal and Steel said in its report tabled in Parliament on April 24.
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BHEL arm to foray into allied operations
State-run power equipment maker Bharat Heavy Electricals (BHEL) plans to diversify the operation of ISG into allied areas of business like iron ore beneficiation, pellet plants, sinter plants and coal washeries. Industrial Systems Group (ISG), which is an arm of BHEL, posted a profit of Rs 161 crore in 2012-13, which is 7 per cent more than the previous year. The turnover is also