With mineral-rich states mounting pressure on the government to restrict export of iron ore and incentivise value-addition, the mines ministry has written to the finance ministry seeking abolition of the 15 per cent export duty on iron ore pellets.
According to the mines ministry, increasing the value-addition of fines into pellets needs to be strongly incentivised.
Jaipur: Recognizing that mining is a necessary evil and to propel economic growth extraction of minerals is a requisite, the Ministry of Mines has a clear set of guidelines that the state government is expected to follow.
With the state government forming a special committee to assess the damage caused by illegal mining, remedial guidelines by the Ministry may come in ha
After an intense battle of nerves spanning for months, the legislation to streamline and regulate growth of mining sector is all set to see the light of the day.
A Group of Ministers (GoM) set up to vet the Mines and Minerals (Development & Regulation) Bill 2010 has accorded its stamp of approval to it, albeit after a delicate balancing act to meet the aspirations of the central and state governm
Although mines minister BK Handique announced after Friday's group of ministers' (GoM) meeting that the contentious proposal for mining companies to share 26% of their annual net profit with the displaced locals was cleared, tribal affairs minister Kantilal Bhuria had in fact surprised others in the GoM by suggesting that the compensation for the displaced be raised to 30%
Coal mineThe decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn
Investments worth Rs 100 crore in silica sand mining and beneficiation in Nellore district of Andhra Pradesh are in jeopardy due to the state government
Union steel minister Mr Virbhadra Singh today called for a ban on iron ore exports, saying that the country must take lessons from neighbouring China and the US for using finite natural resources judiciously.
India has world's fifth-largest estimated reserves of iron ore at about 25 billion tons, of which only a fraction is minable.
BHUBANESWAR: The Ministry of Mines is seriously contemplating to introduce the Gujarat model of e-royalty pass system in all the states as the new initiative has paid good dividends.
While the e-royalty pass has significantly improved collection of royalty, it has helped the Gujarat Government in curbing illegal mining and trading of minerals.
The metal and mineral PSUs aspiring captive mines would henceforth have to spell out the quantum of money they intend to spend annually in their Corporate Social Responsibility (CSR) activities to secure mineral concessions.
