Nearly a fifth of the country’s land is rich in commercially viable mineral deposits, but without proper prospecting policies, mining has not always been scientific. The government is now wooing foreign players into prospecting and mining in India,
Category: Coal & Mining
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Tax money and high-risk prospecting
Without investment in exploration leading to discovery of mineral deposits, no investment would be forthcoming in mining, India is a densely populated country with an ancient heritage of mining and metallurgy.
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The element of certainty
The new Mining Bill encourages private players to enter prospecting. However, if the result is zero after the recce, who will compensate them? So far, prospecting in India has been a business of the government, and has been happening at a much slower pace than required,
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Adani Enterprises to supply coal to NTPC
Adani Enterprises, India's largest coal importer and part of the Adani Group, a global integrated infrastructure player, has signed five agreements for supply of imported coal with NTPC Ltd, the country's largest power generation company.
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Mining of minor minerals
The Supreme Court has directed the Centre and state governments to implement strict regulations within six months to govern mining of minor minerals as recommended by the Ministry of Environment and Forests.The order could affect the construction sector as it uses minor minerals such as sand, gravel and boulders.
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Adani to supply coal to NTPC
Adani Enterprises has signed five agreements with NTPC for supply of imported coal. Adani will supply 4 million tonne of coal imported from global sources between March to June 2012 to NTPC’s 14 power stations across India.The imported coal is required to meet the coal blending reÂquiÂreÂments of the NTPC power stations.
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Being global has its rewards!
Indian power companies are often global by compulsion, seeking coal from mines acquired abroad. Adani Mining Pty, the Australian arm of the Adani Group,commenced its mining exploration programme in the Galilee Basin in Queensland, Australia.Now, the Adani Group is the single largest Indian investor in Australia in coal mining, creation of dedicated railway infrastructure to transport the coal to ports and dedicated coal terminals such as Adani Abbott Point Coal Terminal.
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The Reasonability of Auction
The 2G spectrum verdict on the astonishing day of 2 February pronounced a cancellation of all 121 permits given after 10 January 2008 by the then Telecom Minister A Raja. There is a fundamental flaw in the principle of first-come-first-served in the distribution of state-owned natural resources,
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Mining: Free up hi-tech imports
The government should permit duty free import of high capacity equipment reqÂuired for underground mining, and faciÂlitate land, shifting of utilities, environment clearance, cutting of trees, etc.
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Cement: Inflationary impacts
The last year and a half has seen high interest rates which have contributed to a subdued growth sentiment. For inclusive growth, it is vital that a correction in the interest rates is actioned so that