Steel Authority of India Limited (SAIL) has received a shot in the arm with a Union ministry of environment and forests committee recommending environmental clearance for the firm
NATIONAL Mineral Development Corporation has asked the government to give a "careful consideration" before asking it to continue exports to Japanese Steel Mills and Posco
ARGUING that imposition of 20 per cent ad valorem duty on iron ore exports would deplete its export earnings by a huge margin, National Mineral Development Corporation (NMDC) has asked the government to give a
STATE-RUN NMDC has received the nod from the environment ministry for its `274 crore limestone project in Himachal Pradesh provided it fulfills certain conditions, including necessary forest clearances under the Forest Act. Both NMDC and steel major SAIL had inked a pact in 2009 to jointly develop the project to mine three million tonnes of limestone at Arki in Solan district of Himachal Pradesh.
Namrata Acharya / Kolkata September 28, 2010, 0:13 IST
Firms say revenue sharing with locals is noble but not practical
The provision in the new mining Bill approved by a group of ministers last week for 26 per cent profit sharing by mining companies with affected residents of the area they operate in hasn
PUBLIC sector mining firms NMDC and Coal India are forming a joint venture with West Bengal Mineral Development and Trading Company to acquire one of the largest coal blocks in the country having reserves of around 19 billion tonnes.
Under the proposed structure, NMDC and Coal India will have 40% stake each in the JV while the West Bengal state mining firm will own the
