Vedanta Resources expects to resume iron ore mining in Goa early next year. According to Tom Albanese, CEO, Vedanta Resources
Tag: Mining
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FDI in infrastructure: Key Challenges
In addition to fuel shortage for thermal power projects, the power sector in general suffers from regulatory delays, chief of which are the land acquisition and environmental clearance issues.
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A blueprint for private participation
Though PPP in coal mining can enhance coal production, the successful implementation of a PPP structure largely depends on the balance between risk allocation and financial gain.
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New identity for Planning Commission
The Planning Secretary Sindhushree Khullar has suggested five changes that could outline the identity, structure and function of the body that will succeed the 64-year old commission.
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Singareni Collieries enters partnership with RITES
Singareni Collieries Company (SCCL) has concluded an MoU with RITES for extending rail infrastructure facilities at the mining areas of the company in Telangana
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Coal India hit by equipment flaws
Coal India Ltd (CIL) is facing the basic problems of not having enough mechanical shovels, dumpers and explosives. The new government, which has a 90 per cent stake in the $40 billion company,
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Odisha aims to reopen18 more mines by July-end
The state mines department has set an internal timeline to restart operation at 18 more mines, which were closed by the Supreme Court order, pending second and third renewal of their lease terms, by the end of July next.
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Coal demand falls
Global coal prices and demand have fallen, as coal is being replaced by other sources of energy. It is replaced by shale gas in the US and is likely to lose out to renewable energy in China. In India, the new government is keen to accelerate mining to unlock indigenous coal reserves of 200 billion metric tonnes.
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New mining policy in Goa
Goa Government has said it will adopt a transparent mechanism to award mining leases in future and was studying the SC order lifting ban on iron ore extraction before taking a decision on vacating current mine operators whose fate hangs in balance.
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Action plan for CIL
Coal India (CIL) has been asked by the new government to prepare an action plan for enhancing output over the next five years and fast-track the completion of projects and expansion of existing coal mines. The government has also asked CIL to adopt an action plan for technology development and modernisation of mines.