Stung by the holding up of large steel and iron ore projects by the states and various central agencies, the Union steel ministry has proposed the creation of an empowered national regulator that can single-handedly decide on these projects

The mines ministry, in a unique move, has proposed that companies that receive a mining lease will from now have to mandatorily make people residing in the project area stakeholders. Companies will need to offering at least 26 per cent shares through the promoter

Abhineet Kumar / Mumbai April 6, 2010, 0:43 IST

Apart from the recent increases in the prices of iron ore, that of the other key raw material, coal, has also moved steadily up.

The recent price hike announced by steel producers is not the final one for April, as the industry is expecting another Rs 1,000-per tonne increase by the end of this month.

Coal companies, mainly the Central Coalfield Limited (CCL), Bharat Coking Coal Limited (BCCL) and Eastern Coalfields Limited (ECL), seem to be neglecting the safety directives issued by the Director General Mining Safety (DGMS) resulting in many ecological problems as well as health hazards to the people residing close to the coal mining sites of the State.

The central government today said it had granted a licence to ArcelorMittal for prospecting iron ore in the Karampada region of Jharkhand, a move that would boost the steel giant

Rishi Raj, Rajat Guha

CUDDALORE: Union Minister of State (Independent charge) for Coal, Statistics and Programme Implementation Sriprakash Jaiswal dedicated the Rs.2,295.93-crore Mine-II expansion project of Neyveli Lignite Corporation to the nation on Monday.

With no action by the Karnataka government against the alleged illegal mining in the Bellary-Hospet-Sandhur belt - home to the Reddy brothers with mining interests in neighbouring Andhra Pradesh

Steelmakers are fighting back over attempts by the $200 billion iron ore mining industry to raise the cost of their main raw material, calling for regulators to investigate an

March 31: TRS politbureau member S. Madhusudana Chary, created a scene here at Singareni Collieries Company Ltd