KIOCL is reportedly in discussion with Steel Authority of India (SAIL) to set up a joint venture to explore rare earth minerals in Kerala. The joint venture project may also engage bodies like Kerala State Industrial Development Corporation and Kerala Mineral Development Corporation
Category: Coal & Mining
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SAIL imports 75% of coking coal requirement
Steel Authority of India (SAIL) imports 75 percent of its requirement of coking coal from foreign countries and the rest through captive mines and domestic sources. This information was given by the Minister of State for Commerce & Industry, D Purandeswari in a written reply in the Lok Sabha. The company has to rely on imports for substantial consumption of coking coal because of the limited availa
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TSMC buys stake in Howse deposit in Canada
Tata Steel Minerals Canada (TSMC), a subsidiary of Tata Steel, bought half the interest in Labrador Iron MinesĂâ (LIM) Howse deposit for Canadian dollars 30 million (Rs 160 crore). In the areas of logistics and potential offtake arrangements, TSMC and LIM have entered into multi-part co-operation agreements as they operate adjacent iron ore projects spread over the Provinces of Newf
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Australian miner NRW may invest in India
Australia's leading construction and mining services firm NRW has reportedly expressed interest to form a joint venture with another India-focused Australian miner, India Resources (IRL) to invest in the mining sector in India. NRW proposes to form a joint venture with IRL with a long-term view on the Indian mining sector, which has got
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Coal India’s cost to rise owing to diesel price hike
Minister of State of Coal Pratik Prakash Bapu Patil informed Rajya Sabha that the rise in petrol and diesel prices will impact the cost of coal production in the country. The rise in diesel price would increase the cost of production of Coal India (CIL), which accounts for over 80 per cent of the domestic coal mining, by Rs 600 crore per annu
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NMDC reduces iron ore lump prices by 2.2%
NMDC, which decides its monthly iron ore prices on the basis of domestic demand and supply position, reduced the same for lumps by about 2.2 per cent for March. The firm trimmed the price of ore lump by Rs 110 a tonne, with the new price being Rs 4,950 a tonne. The reduction in the price of lumps may provide some relief to d
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KCC mines being modernised at Rs 533 cr
Khetri Copper Complex (KCC), which is part of Hindustan Copper, produced 10.00 lakh tonne of ore in 2011-12 compared to 9.72 lakh tonne in the previous year. Hindustan Copper has taken steps to enhance the ore production of KCC mines from the current 10 lakh tonne to 31 lakh tonne with modern equipment and technology in the next five years at an estimated cost of Rs 533.00 cror
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CIL plans to rope in private miners to boost output
n order to boost domestic coal output and reduce imports of the fuel, Coal India (CIL) plans to award mining contracts to private mining firms on public-private partnership (PPP) model. Reports suggest that global miners like Rio Tinto, BHP Billiton may partner
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CIL plans turnkey contracts
In 2013-14, Coal India (CIL) plans to award two-three large turnkey contracts to private players for extracting coal, removing over burden and supply the coal till the loading point. S Narsing Rao, chairman CIL informed that under these contracts the
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Experts suggest govt to amend Coal Mines Act
Experts suggest the government to make amendments in the Coal Mines (Nationalisation) Act in order to allow coal miners to supply surplus coal in the market instead of selling it to Coal India (CIL).