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  • Telangana eyes Rs 4,800 cr revenue from mining Jul 04, 2016 05:50 PM IST

    Telangana eyes Rs 4,800 cr revenue from mining

    Telangana government is eyeing Rs 4,800 crore revenue from mining industry this year as against Rs 2,770 crore it garnered last year, State Minister for IT and Industries, K T Rama Rao, said today.

  • Mines Ministry to discuss threshold value on heavy minerals Jul 04, 2016 08:04 AM IST

    Mines Ministry to discuss threshold value on heavy minerals

    "Mines Ministry will take up the issue of TLV on beach sand minerals (BSM) with the industry over the demand that it has made on the provisions of the draft Atomic Mineral Concession Rules 2016 at the national mines and minerals conclave in Raipur tomorrow," a senior government official said.

  • Cabinet clears mineral exploration policy Jun 29, 2016 09:00 PM IST

    Cabinet clears mineral exploration policy

    "The Cabinet today cleared NMEP. After the policy is approved, the government can auction 100 blocks that have been identified by the Geological Survey of India (GSI) for exploration," a source said.

  • Cabinet clears new mining policy, paves way for auctions Jun 29, 2016 12:11 PM IST

    Cabinet clears new mining policy, paves way for auctions

    The policy boosts mineral exploration by private companies, unlike earlier, by allowing them to bid for mineral blocks, reports Anshu Sharma of CNBC-TV18.

  • India willing to venture into Namibian mineral mining: Prez Jun 17, 2016 06:18 PM IST

    India willing to venture into Namibian mineral mining: Prez

    India's public and private Addressing students of Namibia University of Science and Technology, Mukherjee said Namibia is blessed with rich natural resources and an abundance of mineral wealth.

  • Mines Ministry to soon move Cabinet on exploration policy Jun 17, 2016 03:44 PM IST

    Mines Ministry to soon move Cabinet on exploration policy

    "Ministry will soon send the NMEP to the Union Cabinet for approval. After the policy is approved, the government can auction 100 blocks that have been identified by Geological Survey of India (GSI) for exploration," a senior official said.

  • Mining proj in Haryana to boost margins to 15-18%: High Ground Jun 15, 2016 02:40 PM IST

    Mining proj in Haryana to boost margins to 15-18%: High Ground

    High Ground Enterprise's Sandeep Arora hopes for Rs 90-100 crore in revenues from the mining project in FY17.

  • April IIP falls to -0.8% against 0.1% in March Jun 10, 2016 05:01 PM IST

    April IIP falls to -0.8% against 0.1% in March

    Industrial output, measured by Index of Industrial Production (IIP) came in at -0.8 percent for the month of April. For March, the IIP had fallen by 0.1 percent.

  • Govt to spend Rs 3,500 cr on aerial survey of mine exploration Jun 07, 2016 03:46 PM IST

    Govt to spend Rs 3,500 cr on aerial survey of mine exploration

    The government will invest around Rs 3,500 crore on conducting aero-geophysical survey of 8.13 lakh sq km area for probing deep seated and concealed mineral deposit, a move that will boost mineral exploration in India

  • Order book at Rs 6500 cr, see traction in mining space: BEML May 30, 2016 11:55 AM IST

    Order book at Rs 6500 cr, see traction in mining space: BEML

    P Dwarakanath, CMD of BEML sees lot of traction in the mining space and increased visibility on Metro orders, on which the company is heavily booked.

  • Indian banks to hurt from weakness in metals, mining: Moody's May 30, 2016 10:13 AM IST

    Indian banks to hurt from weakness in metals, mining: Moody's

    Moody‘s expects 2016 to be another challenging year for metals and mining firms, leading to higher problem loans and weak recoveries for existing problem and restructured loans

  • New mineral policy to bring in private investment: Tomar May 27, 2016 03:10 PM IST

    New mineral policy to bring in private investment: Tomar

    Speaking at the inaugural session of a national meeting of mines ministers here, Tomar said the Cabinet note is ready and the government will introduce the policy soon.

  • Indian iron ore exports needs tax relief to compete globally May 20, 2016 02:52 PM IST

    Indian iron ore exports needs tax relief to compete globally

    Indian iron ore export mining industry, after its absence for four years from the international market, needs tax relief to compete globally, an industry official has said

  • Govt defers schedule for coal mine commercial mining May 17, 2016 07:30 PM IST

    Govt defers schedule for coal mine commercial mining

    Moving ahead with its decision to open up the coal sector, the government had last month invited applications from public sector entities for allocation of eight mines that have been identified for commercial mining.

  • CIL to hold e-auction for power plants this month May 13, 2016 08:12 AM IST

    CIL to hold e-auction for power plants this month

    "The special forward e-auction for 2016-17 for power producers-Phase II will be conducted as per the terms and conditions followed for Special Forward E auction for 2016-17 Phase I and as per the scheme of Special Forward E Auction for power producers," an official said.

  • Centre, states to brainstorm on making mines auction a success May 09, 2016 02:08 PM IST

    Centre, states to brainstorm on making mines auction a success

    The high-level meeting, to be chaired by Steel and Mines Minister Narendra Singh Tomar, is scheduled to be held in Goa by month-end and will also discuss issues like setting up of District Mineral Foundation (DMF), status of National Mineral Exploration Trust (NMET) and steps to check illegal mining.

  • Norms relaxed for utilisation of domestic coal: Piyush Goyal May 06, 2016 12:10 PM IST

    Norms relaxed for utilisation of domestic coal: Piyush Goyal

    The decision by the Union Cabinet is expected to help reduce cost of power generation by 40-50 paise per unit and will lead to savings of Rs 25,000 crore per annum in 4-5 years.

  • Cut in coal imports may save Rs 40k crore this fiscal: Goyal May 04, 2016 05:32 PM IST

    Cut in coal imports may save Rs 40k crore this fiscal: Goyal

    Coal India's output for this fiscal is fixed at 598 million tonnes (MT) and the government is aiming to save Rs 40,000 crore in foreign exchange on account of lower coal imports this fiscal.

  • Cabinet may take up flexible domestic coal use policy today May 04, 2016 09:24 AM IST

    Cabinet may take up flexible domestic coal use policy today

    "The Union Cabinet is likely to consider and approve a proposal to provide flexibility in utilisation of domestic coal for reducing the cost of power generation, in its meeting scheduled for today," a source said.

  • Aim 10% core business growth in FY17: Cyient CEO Apr 22, 2016 01:47 PM IST

    Aim 10% core business growth in FY17: Cyient CEO

    Softential, a Cyient company dealing in service operations management, was also a major dissapointment in FY16, bringing lower than anticipated revenues. But Bodanapu expects it to do better in the future and says it is going to fetch them little over $20 million in the coming year.

  • India to stop thermal coal imports; save Rs 40,000 crore Apr 15, 2016 01:46 PM IST

    India to stop thermal coal imports; save Rs 40,000 crore

    Coking coal, however, would need to be imported, the Coal and Power Minister said at the maiden Maritime India Summit here, adding that his Ministry was ready to tie up with Indian shipping companies for this purpose.

  • CIL abolishes incentive on high grade coal to push sales Apr 12, 2016 08:32 PM IST

    CIL abolishes incentive on high grade coal to push sales

    Mining behemoth Coal India Ltd has decided to abolish performance incentives it used to earn on the supply of coal beyond certain levels.

  • Tata Steel gets forest panel nod for Odisha mining project Apr 06, 2016 03:20 PM IST

    Tata Steel gets forest panel nod for Odisha mining project

    The Centre's green panel has given clearance to Tata Steel for diversion of about 199 hectare of forest land for expansion of its iron ore mining project in Keonjhar district, Odisha.

  • CIL's e-auction to offer coal to power plants begins March 30 Mar 28, 2016 09:10 AM IST

    CIL's e-auction to offer coal to power plants begins March 30

    "The special forward e-auction phase V will be conducted as per the terms and conditions followed for special forward e-auction phase IV," Coal India Ltd (CIL) said in a recent notice.

  • Coal supply to power sector up 6% at 370 MT in Apr-Feb Mar 20, 2016 04:28 PM IST

    Coal supply to power sector up 6% at 370 MT in Apr-Feb

    Coal India (CIL), which accounts for over 80 percent of the domestic coal production, had dispatched 348.34 million tonnes (MT) of the dry fuel during April-February 2014-15.

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