Mining has the potential to create jobs, support industrial growth and lower the trade deficit. But the government needs to pick up the slack to spur growth
Addressing a press conference here, Prabhu said the the central government is concerned about the mining industry in the state, considering the social cost incurred since its closure.
Over the last few months, IIP growth has been erratic, particularly in the manufacturing sector that accounts for more than 75 percent of all industrial production in the country.
With the Parliament’s last session before the Lok Sabha elections getting over, the only legislative option left is through a central Ordinance
Vale's move comes after disaster struck after one of Vale's tailing dams in Brazil burst, killing at least 65 people with hundreds still missing.
Reddy came in a car to the Central Crime Branch office, along with his advocates, after releasing a video message from an unknown location, saying he would appear before it
Providing the details, it said the prices of ferro grade has increased by 5 per cent
The new policy is expected to be out in two months, said Bipul Pathak, Joint Secretary in the Ministry of Mines.
Kant said importing minerals when there were ample reserves within the country made no sense.
At 6 times FY19 estimated earnings, GMDC remains one of our attractive picks in the mining space
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The mines ministry has also asked the states to approach potential investors such as miners and downstream and allied mineral industry to attend the conclave.
Naveen Jindal talks about, among other things, his plan to keep working on cutting his company’s debt by Rs 5,000 crores to Rs 6,000 crore for three consecutive years and listing JSPL’s Oman unit.
Kamat appeared before the SIT this morning and an investigating officer questioned him for almost an hour for his alleged involvement in the Rs 35,000 crore illegal mining scam.
The government will seek the opinion of the attorney general on the ban imposed by the Supreme Court on iron ore mining in Goa, Union minister Nitin Gadkari said a day after mining workers took to streets in protest.
BJP Goa unit chief Vinay Tendulkar and Union AYUSH minister Shripad Naik said that Union minister Nitin Gadkari, who will be on a two-day visit to Goa from on Monday, would try to find a solution to the problem.
Goa's mining industry body has sought clarity from the government on the commencement of mining operations in the state, warning that failure to do so could amount "harsh decisions", including layoffs in the sector.
The government decision to auction coal mines for sale of dry-fuel in return will bring higher investment, create jobs and bring efficiency in the sector, Coal Minister Piyush Goyal said.
At 10,797, Maharashtra registered the highest number of cases during this period, according to written reply to a Lok Sabha question by MoS for Mines and Coal Haribhai Parthibhai Chaudhary.
SC had last month quashed 88 mining leases in Goa and banned fresh extraction of ore from March 15 midnight on a petition filed by an NGO claiming that companies were carrying out mining in violation of various statutes.
Currently, about 94 percent of the mining is being done by government-owned entities Coal India and Singareni Collieries Company.
CM Manohar Parrikar said the SC ruling does not have any financial implications on Goa as the revenue earned by the state from the mining industry is a small amount.
The stakeholders are closely monitoring the situation, with the mine owners already terming the development as negative for the industry.
As a part of the project, a network of roads has been planned in South Goa district so that trucks avoid the main roads while transporting the iron ore from the mining leases to jetties on the river fronts.
Steel Authority of India Ltd (SAIL) was banking on the mine in the country's east to supply a big chunk of its raw material needs for a multi-billion-dollar expansion of its steel production capacity.