Realising the mining potential

Streamlining the mining process

The year that went by - in fact, the last two years - put the country?s mining sector through one of its toughest tests. The Supreme Court ban on iron ore mining in Karnataka in 2011 and in Goa in 2012, alongside the Coalgate scams and environmental restrictions severely impacted this sector, and led to a considerable dent in the growth of the CE sector during this period.

Odisha govt wants to reserve mines to OMC

If the state government's plan goes well, Odisha Mining Corporation (OMC) would get all the remaining mineral bearing areas in the state. Odisha government would write a letter to the union government defending its stand to reserve all balance mineral bearing areas of the state not already held under any

MOIL earmarks Rs 250-cr for exploratory drilling in Maha

For conducting geophysical studies and exploratory drilling on 597 acres of area in Maharashtra, State-run manganese ore producer MOIL has earmarked Rs 250 crore investment. The grant of Prospecting Licence (PL) for an area of 597.44 hectares in Nagpur and Bhandara by Maharashtra has come at the right time. Anticipating the grant, Rs 250 crore has been earmarked for conducting geophysical studies, exploratory drilling, MOIL CMD GP Kundargi said in the annual report.

MOIL gets prospecting licence for 11 blocks

In Nagpur and Bhandara districts, the Maharashtra government granted Prospecting Licence (PL) to MOIL for 11 blocks spread over 597 hectare area. While six blocks are located in Ramtek, Saoner and Mouda tehsils of Nagpur district, five blocks are located in neighbouring Tumsar tehsil of Bhandara district. With this, the manganese ore producer will get 11 new blocks, including three big blocks adjacent to its prese

Opposition faults allocation of ore mine to Pushp Steel

The Chhattisgarh government's allotment of iron ore block to Pushp Steel and Mines was criticised by the opposition party in the state as it feels that the company does not deserve it. Congress Party, which is the opposition party in the state, points out that according to an earlier Delhi High Court order, the state government should not grant mining lease to a company with no experience and almost no capit