Considering the acute shortage of iron ore being faced by the domestic steel firms, some members of the Parliamentary Standing Committee on Coal and Steel feel the need to ban export of the raw material completely. The members have recommended blanket ban on export of iron ore to address the shortage of the steel making ingredient
Category: Coal & Mining
Post
Post
IDCOL Kalinga Iron Works to procure ore
Industrial Development Corporation of Orissa (IDCOL) intends to promote, industrial units for optimum utilisation of mineral resources available in the state and manage the same with optimum efficiency and productivity. The corporation also provides single window service to the entrepreneurs like government approval, NOC of Pollution Control Board,mining lease tax incentives available for new units, infrastructure development etc.
Post
Ministry works on coal bed methane policy
Union Minister for Petroleum and Natural Gas Veerappa Moily informed reporters that his ministry is in the process of revising the coal-bed methane policy introduced in 1997 in order to suit present conditions. He said the ministry would discuss with the coal ministry in this regard. Meanwhile, Moily said his ministry would be putting befo
Post
Fimi wants uniform freight rates
Federation of Indian Mineral Industries (Fimi) wants the railways to charge uniform freight rates on iron ore. It is learnt that the the railways increased freight nine times between February 2010 and March 2012. Today, it is about four times the domestic freight for iron ore (Rs 2,600 a tonne
Post
NMDC plans to ramp up ouput
During Jan-Mar 2013, NMDC plans to increase its iron ore production in order to make for the shortage of output in the Apr-Dec 2012 period. Between Apr-Dec 2012, the firm produced 175.56 lakh tonne, which is down from 202.79 lakh tonne a year ago.
Post
SC prodded DGCA to examine air tickets’ tariff structure
Following the Supreme Court's direction, the Directorate General of Civil Aviation (DGCA) would look into the tariff structure of Indian airlines. The SC's direction was in view of the wide range of the base prices of air tickets. The apex court observed that the price bands were too wide and directed the DGCA to examine the matter.
Post
Coal ministry justifies allocation of blocks to captive miners
Union coal ministry justified the allocation of coal blocks to private captive coal miners on grounds that Coal India and other public sector agencies could not meet the demands from private power generators. Therefore, the government had no alternative but to allot captive coal blocks "if it wanted to ensure spee
Post
Mining, quarrying sector contracts 5.5% in Nov
Output in the mining and quarrying sector declined 5.5 per cent during November 2012 as compared to the corresponding month of previous year, an official statement from Mines Ministry said. On a sequential basis, the output contracted 0.7 per cent in November 2012 to Rs 17,004 crore in value terms, mainly on account of less output of iron ore, natural gas and
Post
Apex court to hear PIL against export of ore
On February 15, the Supreme Court would conduct another hearing on the public interest litigation filed by an NGO Goa Foundation alleging the state government of allowing export of iron ore without verifying the correctness of the statement made by the exporter. In its recent hearing, the apex court issued notices to the centre and the Goa government on a plea. The NGO argues that the state government violated the orde
Post
ASSOCHAM warns against cut in export duty on ore
ASSOCHAM warned the government against reducing the export duty on iron ore as the industry body feels that such an action would encourage export and deprive the domestic steel firms of the crucial raw material. The warning from the industry body comes amidst demand from a section of the mining industry to review its e