Wherever feasible, converting illegal mines to legitimate ones after determining the entrepreneur’s worth will result in better competitiveness, rehabilitation and revenues to the exchequer, says RK Sharma.Obtaining mining approval takes considerable time mainÂly at the state level.
Category: Coal & Mining
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Cabinet approves new Mining Bill
The Union Cabinet approved the Mines and Mineral Development and Regulation (MMDR) Bill, 2011. The Bill aimed at curbing illegal mining and bringing more transparency in the allocation of licences for mining.The Bill has provisions for 26 percent profit sharing by coal miners and an amount equivalent to royalty by non-coal miners with project affected people.
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Expertspeak: Raw material demand to propel global equipment
The rapidly accelerating global procurement demand for raw materials also presents mining equipment manufacturers with ever greater challenges.New technologies as well as ideas help meet the challenges of the future. Germany is among the most important suppliers for the Indian mining market besides the US and China.
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Coal projects face obstacles
The country’s increasing energy needs are being hampeÂred by regulatory delays for coal mining projects. India could import around 250 million tonne of coal a year by 2015, more than double import levels this year, says Coal Minister Sriprakash Jaiswal.
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NMDC stake in Sunflag
NMDC has signed an initial agreement with Sunflag Iron & Steel Co to acquire a 26 percent stake in a Mozambique coal project.The pact with Sunflag forms part of NMDC's plan to invest in coking coal and iron ore assets overseas to propel its iron ore and upcoming steel projects.
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The L-Factor
It is as though news of the slow growth of 7.7 per cent-the slowest in six quarters-as reported for the quarter ending June, as against a healthy 8.8 per cent in the same period last year, was anticipated with resignation.
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Death of a truthsayer
Truth-seekers never had it easy, and the murder of yet another environmentalist seeking truth and jusÂtice has raised questions about how well- or otherwise - a legislation on truth-seeking may work where, without a somewhat unreÂalistic guarantee of sovereign protection for those who do seek it.
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Coal India to ramp up investment
Coal India (CIL) is gearing up for around Rs 42,000-crore investment in the next few years.
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Expertspeak: How to determine premium
Planning and projection will be in sharp focus in an increasingly competitive environment while determining costs and benefits in NVGF road projects.
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O&G Pipeline Security: Shouldn't the new Bill herald a new approach?
As pipelines face threats of protests, sabotage and even potential terror attacks, a new Bill seeks to make punitive clauses more stringent in pilferage and tampering of O&G pipelines.