The unstoppable and straight-speaking Karnataka Lokayukta (now retired) has done his bit for the sustenance of the legitimate mining industry. While exposing the biggest mining scam to date, his observations on mining policy and practice should perhaps be heard and considered carefully.
Category: Coal & Mining
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Mining royalty rate hike sought
Orissa Chief Minister, Naveen Patnaik sought a level playing field by urging the centre for an upward revision of mining royalty rates and a ban on ore exports.
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Indonesia to tighten coal export norms
Indonesia has circulated a draft decree seeking comments on imposing a ban on export of coal below 5,100 gross kcal per kg from 2014. Earlier, Jakarta brought in regulations that calÂled for all coal exports
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Coal shortage cuts thermal generation
According to Central Electricity Authority (CEA) the thermal generation in the couÂntry dipped during September and the April-September period. In a report it said, although the coal-based plants achieved a growth rate of 6.46 per cent over the same period last year,
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Push comes to shovel
In an environment of slowing economy with threats of a double-dip looming larger than ever, the industry has been hoping for some time for some good news from the government. That wait for mining companies just got longer.
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We have taken specific steps to curb illegal mining
The Centre has been taking several steps in recent months to guarantee that the amount of mineral mined matches that licensed and transported.
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New environment may curb mining, not illegal mining
The recent mining scams have sounded a wake up call, and yet definitive action to prevent illegal mining has not come forth.Will new laws such as higher taxation and profit sharing help the cause of the government’s efforts to curb illegal mining through technology and strengthened monitoring? Charu Bahri goes beyond the regular headlines of new scams and ends up not being convinced the new law will curb illegal mining.
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Karnataka mining in limbo
In the state that produces more than 35 million tonne of iron ore every year, accounting for more about 25 percent of the nation’s output, mining and exports of iron ore from the state have come to a complete standstill National Minerals Development Corporation (NMDC)
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Expertspeak: The solution within
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.
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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.