By 2014-15, state-run steel maker plans to complete its proposed Rs 3,800 crore environment protection-related projects at its iron ore mines, media reports indicate. The projects, which is part of the over Rs 10,000-crore modernisation and expansion programme, includes improvement in ore processing for zero discharge, minimising generation of tailings, reduction in use of water and land
Tag: Mining
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Factory output grows a tepid 2% in April
Factory output as measured by the index of industrial production (IIP) grew at a slower rate of 2 per cent in April on a year-on-year basis compared to the revised growth of 3.4 per cent in March 2013. In April 2012, the IIP declined 1.3 per cent. Among sectors, mining output declined 3 per cent in April, while manufacturing and electricity production grew 2.8 per cent and 0.7 per cent respectively
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Consortium may finish prospecting work in 18 months
The prospecting work on the three iron ore blocks in Afghanistan's remote Hajigak region may be over within 18 months from the date of commencement of the job in the area. The Afghanistan Iron & Steel Company (Afisco), a consortium of Indian steel companies led by Steel Authority of India (SAIL), secured the contract to mine the block from the national government last year
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Govt may not clear all renewal cases by June 15
Odisha government said it would not be possible to clear all the applications for renewing mining leases by June 15 in view of the guidelines issued by the Ministry of Environment and Forest (MoEF) on February 1, 2013. Therefore, the state government, at an inter-departmental meeting, decided to request the High Court to give more time for clearing these applications. The state gove
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Dart Energy to acquire stake in ONGC block
Brisbane-based Dart Energy may pick up 10 to 25 percent stake of Oil and Natural Gas Corp (ONGC) in the latter's four coal-bed methane (CBM) blocks. CBM is natural gas trapped within coal formations, which is extracted by drilling holes into the seams. In order to fast-track gas production with the help of priva
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Govt to hire consultant to restructure Coal India
Government is in the process of hiring an external consultant to advise on the restructuring of Coal India (CIL) for a long term sustainability roadmap. The government is learnt to have shortlisted nine consultants for the purpose. Meanwhile, agency reports quoted Coal Minister Prakash Jaiswal as saying that he was not in favour of splitting the state-run CIL. The minister has reportedly said
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Odisha govt seeks status of end-use plants
The mining department of Odisha government asked the developers of Rampia and Mandakini A coal blocks to submit status of the end-use power plants. The above two blocks are allotted to captive miners who are developing power plants. While Rampia coal block is allotted jointly to Sterlite Energy, GMR Energy, ArcellorMittal India, Lanco Group, Navbharat Power and Relia
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CEC rules out export of ore pellet from Karnataka
There is not question of allowing export of iron ore pellets from mines in Karnataka at this stage, the Central Empowered Committee (CEC), appointed by the Supreme Court, said to leaseholders at a meeting. It may be recalled that the apex court directed suspension of iron ore exports from the state in 2011. Further, the panel clarified that miners are not allowed to mine or dump ore in the overlapping areas, between two
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Shah panel to submit report on mining in Odisha
Justice Shah Commission would submit its report on illegal mining in Odisha by July to the Supreme Court. It may be recalled that the commission was set up to study violations in iron ore and manganese mining in India and recommend changes. The panel submitted a similar report on illegal mining in Goa in September 2012 and following this, the apex court bann
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AP govt gets request to transfer lease to Bramhani Steel
Some political parties urge the Andhra Pradesh government to transfer the mining leases alloted to Obulapuram Mining Company (OMC), which is facing charges of illegal mining, in favour of Bramhani Steel. Former Karnataka Minister Gali Janardhana Reddy and his brothers are the promoters of Bramhani Steel. They also own the