Mmdr Bill

The company has already signed contracts for dispatch of 4 lakh tonnes of ores inspite of increasing prices, said GP Kundargi, MD, MOIL.

Mineral development fund to apply to all coal mines: Goyal

In an interview with CNBC-TV18, Power Minister Piyush Goyal reflected upon the successfully-concluded coal block auctions as well as the passage of the MMDR bill. Please watch video for the full interview.

Hope GST Bill to be passed by consensus: Jaitley

The government has managed to push through quite a few pieces of key legislations like the Insurance Bill, the Coal Bill and the MMDR Bill. Jaitley hopes that the GST Bill which will be introduced post the recess will be passed by general consensus.

'MMDR passage will ensure raw-material supply for plants'

In an interview with CNBC-TV18, Menaka Doshi, Anuj Singhal and Nigel D‘Souza, Sarda Energy director GD Mundra and Deloitte senior director discussed the impact of the passage of the MMDR Bill in Rajya Sabha.

CPM moves motion to send MMDR Bill back to select panel

The Rajya Sabha was scheduled to take up two crucial legislations for passage today. The CPM moved a motion in the Rajya Sabha to send the MMDR Bill back to the select panel. The Finance Minister said that the first right of mining and industry is with states bills that originate in Lok Sabha and cannot be resent to select committee.

'Govt favours auction route for mines allocation'

Mines Minister Narendra Singh Tomar held deliberations with representatives of miners, end-users and other stakeholders on the draft Mines and Minerals (Development and Regulation) (Amendment) Bill, 2014, seeking inputs, feedback and suggestions on omission and commission in the proposed Bill

MinesMin to seek reduction in iron ore fines export duty

Speaking at the annual general meeting of miners' body Federation of Indian Mineral Industries (FIMI), mines minister Dinsha Patel said he would also urge the railways ministry to reduce the freight for transportation of fines for export as well.

SP Tulsian's multibaggers: Karnataka Bank and MOIL

SP Tulsian of sptulsian.com picks out his multibagger stock ideas to be bought at current levels today. He chooses Karnataka Bank and MOIL.

New Mines Bill likely to be placed before Cabinet tomorrow

The new Mines Bill that provides for sharing of 26% profit by coal miners and an amount equivalent to the royalty payment by other miners with the project-affected people, is likely to come up before the Cabinet tomorrow.

Govt to fast-track new mines reform law

The government is likely to take decisive action to end the mess in the mining sector. PMO sources indicate that the new mines reform law will be fast-tracked. We might also see some reforms in the infrastructure and power reforms, reports Siddharth Zarabi of CNBC-TV18.

Mining without licence likely to cost Rs 25,000 per hectare

Mining without licence is likely to attract a penalty of up to Rs 25,000 per hectare or two years imprisonment or both, and failure to implement mines closure plans is likely to cost Rs 1,000 per day per hectare, according to recommendation of a GoM.

GoM approves bidding contest for mineral exploring licences

After the opposition from mineral-rich states on Mines Ministry's proposal of 'first come first serve route' for grant of direct prospecting licences in mineralised areas, the GoM has recommended that states can adopt competitive bidding route.