BHUBANESWAR: Sponge Iron manufacturers have desperately sought the intervention of the State Government in facilitating easy and adequate flow of raw materials including iron ore and coal.

New Delhi The competitive bidding for allocation of coal blocks will begin by the year end.

FIMI claims it will affect miners to the tune of Rs.15,000 cr The Union Mines Minister, Dinsha Patel, on Monday said the landmark new draft Mines and Mineral Development and Regulation Bill, 2011, which provides for profit sharing and royalty provision for affected people, would be sent for approval of the Union Cabinet within a fortnight. The Group of Ministers (GoM) headed by Finance Ministe

Australia unveiled its most sweeping economic reform in decades on Sunday with a plan to tax carbon emissions from the nation's worst polluters, reviving hopes of stronger global climate action with the largest emissions trade scheme outside Europe.

Prime Minister Julia Gillard said 500 companies including steel and aluminum manufacturers would pay a A$23 ($24.70) per tonne carbon tax from next

Even as the government has finalised its plan to make profit sharing with affected locals mandatory for companies in the coal mining sector as a compensation for area damage and displacement, the Planning Commission, the country

Union environment minister Jairam Ramesh, often criticised for his controversial

The Union Coal Ministry has warned companies which are sitting idle with coal and lignite blocks that have been allotted to them to start work early or face cancellation of their contracts. As many as seven companies have been warned for delaying mining which was having an adverse impact on generation of power.

New Delhi Taking forward its crusade against firms sitting idle on coal and lignite blocks allocated to them, the coal ministry has issued warnings to another seven firms, asking them to either develop the blocks or get them cancelled.

An eagerly anticipated opinion of the attorney general has boomeranged on the Arjun Munda government, which was hoping to wrest control over the contentious coal block of Banhardih in Latehar by teaming up a private player of its choice with the state electricity board for mining explorations.

Attorney general Goolam E.

Wants to utilise huge pile-up of fuel stocks in Coal India