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MET approves 309 mineral exploration projects worth Rs 21 bn

The National Mineral Exploration Trust (NMET) has granted approval to 309 projects with an estimated total cost of Rs 21 billion for conducting regional and detailed exploration activities throughout the country

Coal and Mines Ministry reviews National Mineral Exploration Trust

The Consultative Committee for the Ministry of Coal and Mines had convened at the Parliament House Annexe on September 19th to assess the performance of the National Mineral Exploration Trust (NMET).

Madhya Pradesh invites tenders for auctioning 51 mineral blocks

In an effort to enhance India's self-reliance in strategic resources, the government of Madhya Pradesh has issued a notice inviting tenders (NIT) for the auction of 51 mineral blocks.

Embracing the Rental Revolution

Rental penetration is a bit low in the mining equipment industry, but it is increasing on YOY basis due to awareness and availability of latest mining equipment.

Mines Ministry approves Rs 1.54 bn for NMET’s exploration

Under the direction of Vivek Bharadwaj, Secretary Ministry of Mines, the Executive Committee (EC) meeting of the National Mineral Exploration Trust (NMET) Ministry of Mines was convened.

Use of automation in road construction may increase

Share insights on technological up-gradation that has happened recently or might happen in near future in the construction and engineering business.

There is an increase in demand for underground equipment

Sandeep Mathur, Brand Leader, New Holland CASE Construction Equipment, shares light on technological upgradation happened recently.

Companies all over the world are turning to digital integration to increase efficiency in the mining process.

In recent years, mining companies have adopted a growing range of digital solutions. Many have mechanised their operations, moved from the physical to the digital realm by adding equipment sensors.

One of the major demand drivers is increase in demand for underground mining equipment

With the mining sector being one of the core industries of the economy, it has witnessed year-to-year growth. In terms of trends, there were positive signs in the manufacturing and mining activity that recorded a higher relative growth performance last year.

There is a demand surge for crushers in the iron ore segment: Ranjit Ravindran

While the demand for newer machines is not that bullish the existing population of machines is fully optimised to undertake current developmental activities in mining and infrastructure. Ranjit Ravindran, Business Head – Mining, Voltas, shares more on the market dynamics.

Mines Ministry reviewing NITI Aayog suggestions

The Ministry of Mines is contemplating on and is willing to adopt the method suggested by NITI Aayog CEO, Amitabh Kant regarding major policy changes to allocation and operation of mines in the country, Union Minister Narendra Singh Tomar said at an ASSOCHAM event held in New Delhi.

Mining Equipment Trends

The mining equipment industry (MEI) is heavily dependent on equipment demand from coal and iron ore mining, both being highly equipment intensive, with over 30 per cent.

ICA India announces third India Copper Forum

The International Copper Association India (ICA India) announced the third edition of India Copper Forum (ICF) in association with Hindalco Industries Ltd and Vedanta Ltd. The third ICF will be held on November 8, 2017 at Shangri-la?s Eros Hotel in New Delhi.

Esse?s Koira mine gets 5-star rating

Koira iron ore mine of Essel Mining & Industries (EMIL), has been conferred the five-star rating by the Union Ministry of Mines. The criteria chosen for the recognition are managing impacts at the mine level, final/progressive mine closure and landscape restoration, addressing social impacts of R&R requirements, community engagement & welfare programmes, and assurance & reporting.

Govt to launch portal for improved mining activity

Government will launch a portal for bringing in more transparency and speed up mining-related activities in the country. The Mines Ministry has developed a portal which would facilitate in expediting the clearances associated with the mining blocks and help all stakeholders to track status of statutory clearances, according to an official statement.

On a Positive Note

The 13th International Mining and Machinery Exhibition 2016 (IMME 2016) held during November 16-19 concluded with a positive note on a possible turnaround of Indian mining industry in the coming years. The 13th Global Mining Summit (GMS) 2016 also held concurrently with the IMME 2016.

IMME 2016 all set to kickstart

The 13th edition of International Mining and Machinery Exhibition (IMME 2016) is all set to kickstart on November 16. IMME is India?s largest and focussed trade fair for the mining sector and is scheduled to be held from 16 to 19 November 2016 at Eco Park, Rajarhat, Kolkata.

Showcasing Mining Opportunities

The IMME 2014 is poised to showcase the best-in-class equipment, technology and services for the mining industry.

Mining Potential

With the growing demand for increased output of coal and iron ore and other minerals, the demand for mining equipment and machinery is expected grow manifold.

Demand for minerals and mining services is strong in the country

Introduction of a country-wide goods and services tax (GST) can dramatically alter tax administration by giving a one-stop solution for excise and value-added tax into a single unified tax, says Dimitrov Krishnan, Vice-President, Sales & Marketing, Volvo CE, India.

Demand for minerals and mining services is strong in the country

Introduction of a country-wide goods and services tax (GST) can dramatically alter tax administration by giving a one-stop solution for excise and value-added tax into a single unified tax, says Dimitrov Krishnan, Vice-President, Sales & Marketing, Volvo CE, India

Mining Potential

With the growing demand for increased output of coal and iron ore and other minerals, the demand for mining equipment and machinery is expected grow manifold. The mining sector has gone through major challenges in the last few years. For instance, the CE industry

Mumbai's May Flower to invest in Ethiopian coal fields

Mumbai-based May Flower has agreed to invest along with Delbi to jointly develop a coal mine in Ethiopia over a three-year period. May Flower will import mining machinery, mining experts as well as the required finance for exploration and mining works.

Centre wants to revive iron ore mining

The Union government is very keen to restart iron ore mining in the country and export more quantity of ore, said Union Finance Minister P Chidambaram on August 22. He added that the government need to find a way to export iron ore. Production of steel is vital for the country's manufacturing sector, he said.

Ministry to take step to fast-track nod for mining projects

Media reports indicate that the union mines ministry may make insert provisions in the draft Mines and Mineral (Development and Regulation) Bill, 2011, to expedite clearance for mining projects. The mines ministry, in consultation with the law ministry, would introduce a provision in the bill, making it mandatory for government agencies to clear all the pending applications for coal mine prospecting as well as minin

Industry bodies wants govt to avoid hike in royalty

Members of a government appointed Study Group recommended the government to avoid any hike in royalty for zinc, lead and other non-ferrous minerals as it would adversely affect the domestic mining industry. It may be recalled that the government formed this group to recommend royalty rates for these minerals. The group consists of industry bodies like Ficci, Asso

Nalco aims to produce 64.50 lakh tonne of bauxite

National Aluminium Company (Nalco) aims to produce 64.50 lakh tonne of bauxite, 21.5 lakh tonne of alumina, 4.05 lakh tonne of aluminium and generate 6,341 million units of power in 2013-14. The company set this target in a memorandum of understanding (MoU) signed with the Ministry of Mines. The MoU also fixed sales turnover target at Rs 7,757 crore, which is about 10 percent higher than that of th

International Mining & Machinery Exhibition

The Indian mining sector will emerge stronger with a better and more transparent mining policy and according to McKinsey Report, the metals and mining sector can contribute to $150 billion per annum to GDP.The two day international conference ?Global Mining Summit? kick-started alongside the four day International Mining & Machinery Exhibition with a specific focus on exploration, technology, policy frameworks and emerging business opportunities in the Indian mining and coal sectors.

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