Metals & Mining

In an attempt to boost mining activities in the country, the Union government is all set to introduce PPP model in the segment, said the concerned minister. On this score, he called upon young mining aspirants to set up a committee to develop a position paper to speed up exploration activities. This committee should look […]

Scania CV India has launched the new U-BODY tipper designed to increase the productivity in the country’s mining sector. The Swedish company and a leading manufacturer of commercial vehicles and engines has designed the tipper to suit Indian conditions which brings down the Total Operating Economy.The launch of the new CV for coal, iron ore […]

Abhijeet Group’s coal-based power project in Banka, Bihar, is likely to face hurdles. Abhijeet Group, engaged in power, mining, roads construction, steel, and ferro alloys businesses, created a special purpose vehicle, Jas Infrastructure Capital, to execute a coal-based power project in Banka, Bihar. The project is involved in setting up a 1,320 MW (2x 660 […]

NTPC Ltd is looking ahead with the production of coal for about 3 Millon Tonnes of coal in the current financial year, a company press release informed. After start of coal production and dispatch of coal from Western Quarry of Pakri-Barwadih coal mine in December 2016, NTPC has now started the same from Eastern Quarry […]

China-led Asian Infrastructure Investment Bank has approved USD 150 million equity investment loan to the India Infrastructure Fund, the banks first such loan to fund private projects, a statement said today. The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) who met in Jeju in South Korea has approved USD 150 million equity […]

Lack of enabling provisions and some restrictive conditions in the country’s National Mineral Exploration Policy (NMEP) appear to be keeping foreign mining majors away from India.No mining or exploration company from abroad is on the approved list of the National Mineral Exploration Trust, despite the fact that it had floated an expression of interest for […]

The Centre will reduce it’s stake in MSTC Limited to 64 per cent from 89.85 per cent in the current round of divestment plan. The government has decided to divest shares equal of 25 per cent of the total capital of the company (MSTC) through offer of sale,” MSTC director, finance, A K Basu said […]

Steel exports saw a 142 per cent jump in April to 0.747 million tonnes (MT) over the corresponding month a year-ago, amid steps to safeguard domestic industry. The government has provided extensive support to domestic steel industry by way of various trade remedial measures including anti-dumping. “Export of total finished steel was up by 142 […]