The mines ministry is understood to have approached the law ministry to ascertain whether the proposed National Mineral Regulatory Authority (NMRA) could be empowered to review the envisaged profit-sharing formula.

According to the proposed formula, which the mines ministry had inserted in the initial Draft Mines and Minerals (Development & Regulation) Bill, 2010, miners will be mandated to sha

Unfazed by opposition from the mining community, mines minister B K Handique today said the recommendation mandating them to share 26 per cent of their profits was irrevocable, saying the government was committed to ensuring inclusiveness of the people in the mining areas.

We need to change our belief that minerals are more important than forests, water or people
Sunita Narain / New Delhi August 23, 2010, 0:29 IST

Karnataka export ban, China

Sreelatha Menon & Ishita Ayan Dutt / New Delhi August 13, 2010, 3:15 IST

The industry believes that the regulations will be a severe setback, and promoters will not accept the terms

In a move aimed at dissuading the mining community from profiteering and virtually regulating the royalty system on iron ore, the Centre is likely to seek the Parliament

The government is considering a proposal to make it mandatory for companies like Vedanta Resources and ArcelorMittal to offer shares to those displaced by their future mining projects. But the move is being opposed by the industry.

THE government is considering a proposal to restrict mining by private sector companies in tribal areas, in a move that could severely impact investments of domestic and foreign majors such as Rio Tinto, BHP Billiton, Vale, Sesa Goa and MSPL.

DILIP KUMAR JHA / Mumbai November 24, 2009, 0:15 IST

India exports 100 million tonnes of iron ore to China.

The Federation of Indian Mineral Industries (Fimi), the apex representative body of mining companies, has urged the government to vary the royalty rate for iron ore based on the content.

The Steel Ministry and the mining industry have finally found a common ground in opposing state-run mineral trading giant MMTC