New Mining Bill | Latest & Breaking News on New Mining Bill | Photos, Videos, Breaking Stories and Articles on New Mining Bill

Mining bill won't hurt, will boost business setup: NALCO

In an interview to CNBC-TV18, BL Bagra, director finance at NALCO says the new Mines and Minerals (Development and Regulation) MMRD Act is unlikely to hurt much, since the business environment it is likely to create, he says in due course of time it will make the company’s business proposition better.

New mining bill almost takes care of all: Mining Secretary

After being under construction for about two years, the new mining bill — Mines and Minerals Development and Regulation (MMDR), is hoped to be the answer to all mining issues. S Vijay Kumar, mining secretary says the proposed Act, awaiting the Parliament's assess, possibly takes care of most stakeholders with few 'compromises'.

Miners will see cuts; Tata Steel, Hindalco top bets: IIFL

While its windfall gains for mining districts, the new mining bill passed by Cabinet today can bring a dry spell across the metal space in the market. "Hindustan Zinc’s EPS would be impacted by 8-9% by FY13. Sterlite would be impacted by 4-5%," says Tarang Bhanushali of IIFL.

New mining bill can dig EPS pains for major miners: Experts

The Cabinet today cleared the new Mines and Minerals Development and Regulation Bill, 2011. The new bill mandates a 26% post tax profit-sharing by coal miners for the project-affected people. While the step aims to benefit tribals in the minning areas, experts say the move is all set to push down profits of major mining and power companies.

Assocham opposes royalty proposal for mining industry

The government's proposal to impose 26% tax on profits from coal mining and 100% royalty on other minerals would make Indian mining and mineral based industry heavily taxed and render it uncompetitive, industry body Assocham has said.