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Coal import decline to impact port players

The rating firm ICRA has cautioned against the continuing decline in coal imports that may impact long term returns for port players with high concentration of coal cargo.

Govt expects to solve Goa ore mining ban issue sonn

Expecting a rise in iron ore exports, which would help to lower the current account deficit, the Union government hopes to get relief on iron ore mining in Goa by November. Union Minister for Mines Dinsha Patel hoped that the legal and environmental issues in Goa's iron ore mining will be resolved by October-end or November first week.

Metso invests Rs 40 cr to raise supply capacity

Media reports indicate that Metso Group is enhancing its capability to supply wear parts to mining and construction companies by investing about Rs 40 crore for expansion of its foundry in Ahmedabad. The group acquired the Ahmedabad foundry, a greenfield project, in 2000 and it began operations in 2001. The foundry would meet about 50 per cent of the company's global requirement. The group has about 12 expo

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