mining
Prem Prakash ED Raid for alleged money laundering, illegal mining; in pics - raid locations, AK-47 recovery and more
Thu, Aug 25, 2022
Prem Prakash ED Raid: The Enforcement Directorate (ED) has arrested an alleged middleman identified as Prem Prakash in connection with its ongoing money-laundering probe into an illegal mining and extortion case in Jharkhand, officials said on Thursday, IANS reported.
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NMDC board approves de-merger of NMDC Steel
Wed, Jul 14, 2021
"The board of directors of NMDC Limited, at its meeting held today, approved the Scheme of Arrangement for Demerger between NMDC Limited (Demerged Company) and NMDC Steel Limited (Resulting Company) and their respective shareholders...," the miner said
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National Mineral Index to make mining sector competitive
Mon, Jul 27, 2020
A just and uniform system for development of National Mineral Index for all minerals can go a long way in ensuring a competitive mining sector inviting healthy competition in auctions and active participation by smaller mining companies.
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Mining, FDI, banking, capital market PLANS REVEALED! What Modi government is doing to promote economic activities
Sun, Jul 12, 2020
Commerce and Industry Minister Piyush Goyal on Saturday said that government is looking at reforms in various sectors like foreign direct investment, mining, banking and capital market to promote economic activities in the country.
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Review provisions on CSR spend by PSUs to avoid overlapping in areas under DMF: Par panel to government
Sun, Jan 06, 2019
DMFs are funded by statutory contributions from holders of mining leases -- 10 per cent of royalty in respect to mining leases granted on or after January 12, 2015 and 30 per cent of royalty in respect of mining leases granted before the date.
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Vedanta to invest $10 billion on expanding business
Sun, Feb 19, 2017
"We have the potential to spend $10 billion over a period of five years; we are looking at 3,50,000 barrel of oil... To have 100,000 barrel equivalent to gas. We are looking to integrate 3 million tonnes capacity for the aluminium," the mining baron told PTI in a telephonic interview.
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NMDC in talks to acquire stake in Vietnam's tungsten mine
Sun, Feb 19, 2017
"Recently a team from NMDC visited the plant and held initial discussions with Masan Resources. NMDC is interested in acquiring a considerable stake in the mine as Ministry of Defence has also expressed interest to buy the metal from NMDC. A decision will be arrived only after a due diligence," sources told PTI.
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Coal India declares compensation of Rs 5 lakh to ECL mine accident victims
Fri, Dec 30, 2016
It said, "The accident caused an unfortunate demise of 7 workers, for which the families of deceased will be granted with ex-gratia compensation of Rs 5 lakh in addition to the amount paid under the Workmen's Compensation Act."
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