Vedanta Resources Group's operating profit almost doubled to $882.3 million for the quarter ended December, while revenue rose 26 per cent to $3.06 billion on the back of higher production volumes, mainly zinc.
Category: Coal & Mining
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NMDC Q3 net profit up 41percent to Rs 595 crore
NMDC Limited has reported a 41.33 per cent jump in net profit to Rs 595.16 crore for the quarter ended December 2016, from Rs 421.10 crore in the corresponding quarter the previous year, on the back of a steep rise in income from operations.
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Second National Conclave on Mines and Minerals to be held in Delhi
The Ministry of Mines had organised the first National Conclave on Mines & Minerals on 4-5 July 2016 at Raipur jointly with the Government of Chhattisgarh. It was an astounding success, owing to overwhelming support of all stakeholders of the mining industry. All the participants expressed great satisfaction on the organisation and outcome of the conclave.
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Hindustan Copper Q3 standalone net doubles to Rs 17 crore
Hindustan Copper has announced said its standalone net profit has nearly doubled to Rs 16.8 crore in the third quarter ended December 31, 2016.
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India keen to buy foreign coking coal assets
Coal India Ltd plans to acquire coking coal assets abroad as India lacks the technology to economically develop local reserves, Coal Minister Piyush Goyal has said.
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Closed Mines | Eco Challenges
Mining is a temporary activity which involves intermediate use of land. Typically, the operating life of a mine lasts from a few years to several decades, depending upon the natural environment such as weather, soil and quality, excavation of resources mined through the mining, use and availability of land.
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Abandon state monopoly in coal and captive mining
The coal sector remains the most inefficient and least open to private investment, despite coal being the countryĂÂŽs primary source of fuel, says Krrishan Singhania, Managing Partner, Singhania Associates.
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Digging Deep
In the early 1970s, the Government of India took over the management of coal mines in two tranches. The process kick-started with the nationalisation of coking coal mines in 1971-72, followed by non-coking coal mines the following year. With the enactment of the Coal Mines Act, 1973, all mines were nationalised.
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CIL hikes coking coal prices by over 20percent
Coal India subsidiary, Bharat Coking Coal, has raised prices of coking coal used in sponge iron making by a minimum of 20 per cent. It has also linked prices of premium grades of coking coal with the import prices.
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Coal Ministry wants fuel linkage auctions
The Coal Ministry will soon seek Cabinet approval for the auction of coal linkages for the power sector.