RAIPUR: As the Centre proposes to make it mandatory for mining companies to share 26% of profits with local communities, its own largest coal producing company spent just 0.5% of its profits on corporate social responsibility (CSR) projects in 2009, according to data with Chhattisgarh government.
KOLKATA: NMDC has chalked out projects worth over Rs. 24,000 crore over the next five years. It is planning to expand its iron ore mining capacity to 51 million tonnes from 27 million tonnes now, besides setting up steel, pellet and iron ore nugget plants and beneficiation facilities. A Rs.
It is for the politicians to act and prevent merchant miners, national or international, to play further havoc with the rich mineral assets of the country.
Sponge iron producers have appealed to the Union Government for protection against the impact of volatility in iron ore prices. They want the Government to ensure that there is no further increase in iron ore prices. A delegation is to meet the Steel Minister and the officials in the Ministry shortly to apprise them of their plight.
Union Minister for Steel Virbhadra Singh is upset over the alleged attempts to derail the Rs 260-crore Arki Limestone project, for which the Steel Authority of India Limited signed an agreement with the National Mineral Development Corporation (NMDC) in November 2009.
