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
Category: Coal & Mining
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Revised proposal for 'no-go' area projects
The Coal Ministry has asked states to give fresh proposals to the Environment Ministry for projects stuck in no-go areas. This would help redeem investment amounting to Rs 40,000 crore in key infrastructure projects in power, cement and steel sectors.
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CIL's new pricing method
A change has been announced by Coal India (CIL) in the pricing method for its non-coking coal, which should help the company improve price realisation per unit and maintain its profitability.
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Cap on future mining in Goa proposed
A Goa government panel has recommended capping minÂing activity in the coastal state at 20 million metric tonne in the next four years in order to protect fragile ecosystem and reduce the social stress.Goa Golden Jubilee Development Council (GGJDC), headed by scientist Raghunath Mashelkar, has pointed out that unbridled mining activity has surpassed the social and environmental threshold in the region.
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Orissa mining information
Orissa government has agreed to provide the updated information on status of prospecting licence applications, renewal of mining leases and digitisation of mining lease boundaries as requested by Justice MB Shah Commission of enquiry. The probe panel sought this information after inspection of illegal mining activities in Orissa during its six day visit.
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Coal imports estimate
The government estimates say that the country is likely to import 194 million tonne (mt) of coal in 2017, as against 135 mt at present, to meet the demand of the power sector.The government said that the dependence on imported coal would go up. The dependency has increased from 6 percent to 13 percent in the last 5-6 years.
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Mining: Struggling to emerge from doldrums
Karnataka now finds itself in the company of other states in the clamp down on mining and ore transport. This means India will soon drop down in its export rankings of ore, adding to the brewing export and currency troubles. A Shivkamal writes that in this delicate environment, further reforms in mining will prove to be difficult to implement, at least in the near future.
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McNally Bharat: Celebrating 50 yrs of excellence
McNally Bharat (MBE), one of the leading EPC companies in India, is celebrating its Golden Anniversary in 2011. MBE started operations in a small way in 1961 in Kumardhubi, Dhanbad, where it manufactured equipment for the coal and mining industry.
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Infrascape 2012 | Power: Revised SBDs can address foreign coal uncertainty
This year the power sector has been much in focus for reaÂlising the high GDP growth foreÂcasts in the country. Compared to previous plans, the 11th Five Year Plan, ending this fiscal, is expected to culminate with one of the better performances.
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Show cause notice to 57 mines
The Joda mining circle, unÂder the Orissa state steel and mines department, has sent show cause notices to 57 mines for the irregularities and minÂing rule violations caused by them between 2001 and 2010.