There was hardly any investment in the mining sector despite the sector was opened up for 100 per cent FDI in February 2000. There is an urgent need to find out ways and means to attract private investment in exploration because government agencies have not been able to find resources
Tag: Federation of Indian Mineral Industries
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Aggressive exploration programmes will ensure raw material security
A sustainable mining industry will contribute to long term development of infrastructure and economic diversification. AK Bhandari, Advisor, Federation of Indian Mineral Industries (FIMI),
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Ore export in FY14 may have declined 69%
India's export of iron ore in 2012-13 is estimated to have declined 69 per cent to 18 million tonne (mn t) from 61.8 mn t in the previous year. Data from the Federation of Indian Mineral Industries (FIMI) shows the country exported 16.3 mn t of the steel-making raw material between April 2012 and J
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FIMI wants govt to withdraw export duty on bauxite
Reports indicate that the Federation of Indian Mineral Industries (FIMI) requested the central government to withdraw export duty of 10 percent levied on export of low grade bauxite. The industry body argues that the proposed levy may force mine closures in states like Gujarat and Maharashtra and affect the direct and indirect employment opportunities for
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FIMI wants govt to encourage investment
Federation of Indian Mineral Industries (FIMI) is an all-India federation registered under the Companies Act, 1956 to promote the interests of mining, mineral processing, metal making and other mineral-based industries
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Use of low-grade ore raises cost of steel firms
An agency report quoted Basant Poddar, Vice President of Federation of Indian Mineral Industries (FIMI) as saying that the use of low-grade iron ore by steel firms may raise the operational cost of these firms. On the back of acute shortage of iron ore in the country, steel firms are forced to use low-grade ore to run
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Use of low-grade ore raises cost of steel firms
An agency report quoted Basant Poddar, Vice President of Federation of Indian Mineral Industries (FIMI) as saying that the use of low-grade iron ore by steel firms may raise the operational cost of these firms. On the back of acute shortage of iron ore in the country, steel firms are forced to use low-grade ore to run
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India may witness sharp fall in ore exports
India may export 17.3 million tonne iron ore in 2012-13, a far cry from the 61.8 million tonne export in the previous year and 120 million tonne in 2009-10, investment bank Barclays Capital said in a forecast. Between Apr-Nov 2012, the country exported 15 million tonne ore, compared to 36 million tonne in the previous year. This is a decline of 62.3 per
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India may witness sharp fall in ore exports
India may export 17.3 million tonne iron ore in 2012-13, a far cry from the 61.8 million tonne export in the previous year and 120 million tonne in 2009-10, investment bank Barclays Capital said in a forecast. Between Apr-Nov 2012, the country exported 15 million tonne ore, compared to 36 million tonne in the previous year. This is a decline of 62.3 per
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India may witness sharp fall in ore exports
India may export 17.3 million tonne iron ore in 2012-13, a far cry from the 61.8 million tonne export in the previous year and 120 million tonne in 2009-10, investment bank Barclays Capital said in a forecast. Between Apr-Nov 2012, the country exported 15 million tonne ore, compared to 36 million tonne in the previous year. This is a decline of 62.3 per
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