Jan 02, 2014 08:48 AM IST
The mining and export bans in the key states of Goa and Karnataka have brought miners and other businesses to their knees, forced steelmakers to buy iron ore abroad and seen hundreds of thousands laid off.
- Dec 30, 2013 12:51 PM IST
"The company has received permission from the Supreme Court appointed monitoring committee to resume the mining activities at its Karnataka mine. Accordingly, the company has commenced its mining operations today, in accordance with stipulated conditions," it said in a statement.
- Dec 24, 2013 10:01 PM IST
They may have finally got the SC's green signal, but Karnataka's mines are still not functioning in full force. So far 77 mines have implemented Reclamation & Rehabilitation, which is a prerequisite to restart mining, but only 19 have started operations.
- Dec 19, 2013 07:31 PM IST
The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh, allowed Coal India (CIL), the world's largest coal miner, to explore and produce coal-bed methane (CBM) in its existing mines, Coal Minister Sriprakash Jaiswal said.
- Dec 05, 2013 12:51 PM IST
GSK Consumer sees good traction in rural demand and expects better harvest to ease pressures on its input costs. Meanwhile, Shriram Transport feels that demand in rural India has remained resilient.
- Dec 03, 2013 04:09 PM IST
When asked does the annual production target for the current fiscal look challenging for Coal India, its Chairman and Managing Director S Narsing Rao said "Obviously. There are only 119 days left".
- Nov 28, 2013 10:34 AM IST
Executive vice chairman R Seshasayee, Ashok Leyland equals India's current mood to being in a twilight zone. He says the country's economics is held back by politics which is confusing and murky.
- Nov 17, 2013 08:39 PM IST
The Union Ministry of Environment and Forests (MoEF) has extended the one-year temporary working permit (TWP) of aluminium major Nalco for three months for operating the central and north block of Panchpatmali mines at Damanjodi in Koraput district.
- Nov 17, 2013 04:51 PM IST
SAIL has knocked at the doors of the Prime Minister's Project Monitoring Group, set up to expedite approvals of stalled infrastructure proposals, seeking final forest and environment clearances for mining and capacity expansion at the Gua iron ore mines in Jharkhand.
- Nov 12, 2013 09:34 AM IST
September IIP data is expected to be the positive at 3.5 percent according to the poll, but quite a few analysts are expecting 4 percent.
- Oct 24, 2013 08:52 PM IST
During the hearing, the apex court had said that there should be a proper system in place to regulate mining and other related activities in Goa.
- Oct 15, 2013 09:15 PM IST
SP Tulsian of sptulsian.com says,â€ I think the government will now be happy to expedite the process of divesting their residual stake in HZL as well as in Balco.â€
- Sep 10, 2013 08:44 PM IST
The scope of service covers end-to-end infrastructure services, including data centre and hosting services, local area network and security management and on-site IT services, the statement said.
- Sep 10, 2013 04:30 PM IST
Shares of Sesa Goa rose more than 6 percent on Tuesday
- Sep 06, 2013 09:43 AM IST
Find out how brokerages are placing their bets on Sesa Goa, Ultratech and Bharti Airtel.
- Sep 03, 2013 01:17 PM IST
Siddharth Bhamre of Angel Broking advises to go long in Coal India at current levels with a target of Rs 274 and stoploss at Rs 248.
- Aug 31, 2013 03:27 PM IST
Sonal Varma of Nomura believes that the potential growth of the economy has been declining almost in every sector.
- Aug 30, 2013 12:24 PM IST
Speaking to CNBC-TV18, PK Mukherjee, managing director, Sesa Goa says that the Goa mine has 8-10 million tonne of inventory and if it were to be exported soon, it could lead to a huge gain for the country.
- Aug 29, 2013 06:18 PM IST
Goa chief minister Manohar Parrikar said mining in Goa could resume by November this year if the Supreme Court lifts the ban imposed on the activity soon. He also added that the state government has begun formalities to withdraw suspension of mining leases issued last year.
- Aug 29, 2013 09:43 AM IST
Chief Minister Manohar Parrikar said that the resumption of mining will depend on the apex court order, clearance from Ministry of Environment and Forest, consent under water and air pollution prevention act and certification from Indian Bureau
- Aug 24, 2013 03:31 PM IST
The mines ministry met law ministry officials to discuss options to move Supreme Court on relaxing mining ban in Goa. About a year ago, mining was banned in Goa and about 4-6 million tonne of iron ore is still lying idle in the state
- Aug 13, 2013 10:37 PM IST
Iron ore supplies in Karnataka have not picked up since the Supreme Court lifted the ban on mining 4 months ago. National Mineral Development Corporation (NMDC), may see production capacities cut by half.
- Aug 12, 2013 06:20 PM IST
The Index of Industrial Production (IIP) contracted to 2.2 percent in the month of June versus a negative 2.8 percent in the month of May, indicating that the much-anticipated revival has not happened.
- Aug 06, 2013 12:34 AM IST
The one-million tonne Vedanta's alumina plant at Lanjigarh in the southern part of the mineral rich state, was reopened last fortnight after being shut for close to seven months due to shortage of key raw material bauxite and the local tribals' opposition to mining from the nearby Niyamgiri hills.
- Jul 15, 2013 06:38 PM IST
The high volatility in rupee and the upward pressures on inflation in June have, however, considerably reduced the possibility of the RBI easing rates at its first quarter monetary policy review on July 30.