Nevin John / Mumbai September 10, 2008, 0:15 IST

Billionaire Anil Agarwal-controlled Vedanta Resources has decided not to pursue a proposal to build a Rs 20,000-crore five-million-tonne steel project in Orissa in view of its strategy to focus on non-ferrous and iron ore businesses, two highly-placed sources in the company said today.

Mumbai (PTI): Aiming to increase its efficiency, NRI Anil Agarwal-led Vedanta Resources on Tuesday announced a plan for re-aligning its corporate structure into three commodity focussed verticals.

The group structure would be simplified into three verticals -- copper and zinc-lead, aluminium and energy, and iron ore, Sterlite Industries informed the Bombay Stock Exchange.

In India, mining is one of the main economic activities since time immemorial, giving rise to a long historical tradition of artisanal mining. As modern mining rose during the colonial occupation, artisanal mining activities began to be overlooked and this great tradition became obscure.

Hyderabad, Aug. 29: There are fears that the proposed bauxite mining by the state government would bring the

Press Trust Of India / New Delhi August 28, 2008, 0:01 IST

Coal India Ltd (CIL) and Singareni Collieries Company Ltd (SSCL) fell short of their production targets in July this year, according to official figures released today.

"During the month of July 2008, the actual coal produced by CIL and SCCL was 30.02 million tonnes as against the annual action plan (AAP) target of 32.44 million tonnes,' an official release said.

It added that the actual coal production by CIL and SCCL during July 2007 was 28.74 million tonnes.

Maulik Pathak & Harit Mehta / Ahmedabad August 27, 2008, 0:37 IST

The Adani Group has tied up with Ashapura Minechem, a multi-mineral solutions provider, to set up a Rs 10,000-crore aluminium refinery at Mundra in Gujarat.

Adani Group Chairman Gautam Adani said the company was negotiating a 50:50 joint venture with the Ashapura group. The project would require 1,000 mw power, which will be sourced from Adani's Mundra power project.

Dilip Kumar Jha / Mumbai August 22, 2008, 3:33 IST

Miners in eastern India, especially within a radius of 200 km from the Orissa and Jharkhand borders have decided to build a road more than 600 km long, with an estimated expenditure of Rs 300 crore. Approximately, 80 per cent of mines in the two states are in this area.


Rise in freight charges results in drop in railway indents
Federation projects 15-20 % drop in shipments
Operating margins come down to 10-12 %

Dillip Satapathy / Bhubaneswar July 31, 2008, 1:10 IST

The Centre may bail out National Aluminium Company (Nalco), whose 1.6 million tonne alumina refinery in Orissa is on the verge of closure due to acute shortage of coal.

The Union Coal Ministry is understood to have decided to ask Mahanadi Coalfield (MCL) to supply coal to the alumina unit so that Nalco gets over the problem.