Nearly a fifth of the countryââŹâ˘s land is rich in commercially viable mineral deposits, but without proper prospecting policies, mining has not always been scientific. The government is now wooing foreign players into prospecting and mining in India,
Tag: Mining
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Tax money and high-risk prospecting
Without investment in exploration leading to discovery of mineral deposits, no investment would be forthcoming in mining, India is a densely populated country with an ancient heritage of mining and metallurgy.
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Adani Enterprises to supply coal to NTPC
Adani Enterprises, India's largest coal importer and part of the Adani Group, a global integrated infrastructure player, has signed five agreements for supply of imported coal with NTPC Ltd, the country's largest power generation company.
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The Reasonability of Auction
The 2G spectrum verdict on the astonishing day of 2 February pronounced a cancellation of all 121 permits given after 10 January 2008 by the then Telecom Minister A Raja. There is a fundamental flaw in the principle of first-come-first-served in the distribution of state-owned natural resources,
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Mining: Free up hi-tech imports
The government should permit duty free import of high capacity equipment reqĂÂuired for underground mining, and faciĂÂlitate land, shifting of utilities, environment clearance, cutting of trees, etc.
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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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Cap on future mining in Goa proposed
A Goa government panel has recommended capping minĂÂing 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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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.