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mining companies News

ICVL inks pact for coal assets in Mozambique

Verma believes that acquisition would give SAIL and RINL a strong foothold in this coal basin helping with raw material to fuel expansion.

Mining industry hopeful of revival with SC verdict

* Miners will need to meet reclamation and rehabilitation norms


Metal stocks melt as Sensex falls 111 points

The BSE Sensex fell for the fourth session in a row and closed 0.7 per cent lower as renewed concerns over Europe’s debt woes and fears of recession in the US continued to weigh on investor sentiment.

Liberalise ECB norms for mining: report

Kotak Mahindra Investments Ltd (KMIL) has suggested the government to allow mining companies to issue Global Depository Receipts without prior listing at bourses and liberalise external commercial borrowing norms to promote investments in the sector. The report,on ways to facilitate investments in the mining sector,will be considered by an inter-ministerial committee headed by mines secretary […]

SC refuses to interfere in framing mining rules in Karnataka

Mining companies have challenged state govt's decision to put in place a mechanism to regulate mining.

Coal India dip on draft mining bill approval

Total burden on miners on account of profit and royalty has been estimated at Rs 11k crore per annum.


Mines ministry to scrutinise Vedanta-like joint ventures

Troubles could soon ignite for state-run behemoths having Vedanta-style joint ventures with private mining companies

Miners refuse to share profits with locals

The miners are also against Sonia Gandhi's 'annuity' proposal for land acquisition.

Power cos,miners may get to set up captive berths

Power and mining companies may now be allowed to set up captive berths at major ports. This has been a long-standing demand of large companies...