Last month, a government body decided against imposing safeguards on some aluminium products citing lack of evidence over imports hurting profitability of domestic industry.
Earlier in the year, the government had said that Coal India will provide short-term linkages to the end-use plants of those central and state PSUs, both in power and non-power sector, whose coal blocks could not begin production.
Ministry of Mines will soon come out with a Web-based rating system for mining activity based on which the miner will get either rewards or warning, a top official said on June 9
Transfer charges have been fixed at 80 percent of royalty for all minerals, learns CNBC-TV18.
"The Ministry of Mines is in the process of finalising a National Mineral Exploration Policy (NMEP) to outline the action plan for ensuring comprehensive exploration of the country's mineral resources (non-fuel and non-coal)," Minister of State for Mines and Steel Vishnu Deo Sai said a written reply to Lok Sabha.
The PSU, which is under the administrative control of Ministry of Mines, had recorded a net profit of Rs 13.20 crore in the first quarter of the previous fiscal.
The development comes in the wake of the Centre noting the woefully poor conditions in Jharkhand with regard to measures being taken to limit illegal mining, including a staff crunch in the Mines Directorate.
CNBC-TV18 has learnt that a crucial meeting on the sale of the government's stake in Bharat Aluminium Company (Balco) and Hindustan Zinc (HZL) will take place soon.
Armed with a report prepared by the former Karnataka Lokayukta on illegal mining, the Ministry of Mines has asked the Goa government to furnish data on the allegations that the Mormugao Port Trust was exporting iron ore even after the state banned the activity.
Country's largest mineral resource mapper GSI had to shell out Rs 4.62 crore from its resources as it failed to recover service tax from agencies to which it rendered consultancy, accounting watchdog CAG said today.
Sandeep Lakhwara, managing director of Deccan Gold Mines, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, said that the company expects to get an approval for the mining license in the next two-three months by the centre and state government.