Metals & Mining – Feedback

Metals & Mining

Arcelor-Mittal has confirmed plans to participate in the fresh round of bidding for Essar Steel, confident that it would be an eligible contender regardless of the verdict on its initial offer. “We have not received any formal notification from the resolution professional, but we can confirm it is our intention to participate in a rebid,” […]

Coal India (CIL) has plans to set up plants for coal gasification in order to promote environment-friendly uses of coal. CIL has also formed a joint venture (JV) company along with namely Rashtriya Chemicals and Fertilizers (RCF), GAIL and Fertilizer Corporation of India (FCIL); Talcher Fertilizers to set up a coal-based ammonia-urea plant at Talcher, […]

According to the Director Om Metal Infraprojects, Vikas Kothari, his company is all set to secure water infrastructure projects worth Rs.900 crore very shortly. Company has emerged as the highest bidder for irrigation projects being executed by the Rajasthan and Tamil Nadu governments. Apart from taking over Rs.150 crore water projects in Nepal recently, Indian […]

State-owned Hindustan Copper (HCL), Country’s sole vertically integrated copper producer, is planning to venture. HCL into extraction of gold and silver from copper ore reverts at Malanjkhand in Madhya Pradesh with an investment of over Rs 2 billion, the company will commission an extraction plant by June this year in Malanjkhand, which houses India’s single […]

Ministry of Mines will put 10 bauxite blocks on auction in March and April 2018 to boost the country’s aluminium production. Government is also keen on import substitution for copper requirement. Copper blocks are also expected to be put for auction.

Hindustan Zinc is set to commission two new mills in Rajasthan with a joint capacity of 3 million tonnes (MT) of ore-treatment with an investment of Rs.600 crore,. After the commissioning of the new mills, the ore treatment capacity will increase to 17.5 MT from the current 14.5 MT per annum. “Setting up of new […]

In a move that will benefit aluminium maker Vedanta, the Odisha cabinet on Wednesday approved a long-term linkage policy for bauxite. Anil Agarwal’s Vedanta has had a long and difficult wait for the key raw material used to make aluminium. Under the policy announced today, the Naveen Patnaik’s governmnet will offer bauxite at market prices […]

Union Cabinet has opened up coal mining to the private sector firms for commercial use. Cabinet Committee on Economic Affairs (CCEA) has approved methodology for auction of coal mines for sale of coal. Coal mines will now be sold in an e-auction to private domestic and global miners. Decision is expected to bring effectiveness in […]