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24 mining firms on verge of losing leases

The days are numbered for iron ore mining companies involved in illegal transactions in Karnataka. Some of the mining companies that are already suffering heavy losses with the stoppage of…

October 2, 2011 / No Comment / Read More

Mining companies to take a hit of Rs 15,000 cr

Mining companies have warned of a price spiral in commodities once the new mining law provisions are in place. The industry sees the government decision of mandatory profit and royalty…

October 1, 2011 / No Comment / Read More

‘Invest more on mineral surveys’

India needs to adopt a strategic vision and long-term planning to address key issues of securing certain minerals, which are essential to build the economy, global consultancy firm, Ernst &…

September 6, 2011 / No Comment / Read More

Lanco withdraws threat to cancel coal supply to Australia’s Bluewaters

ndia’s Lanco Infratech has withdrawn a threat to cancel coal supply to the Bluewaters power project in Australia, a top executive told Reuters on Friday, marking a move that could…

August 12, 2011 / No Comment / Read More

Forest ministry probing alleged flouting of laws by Vedanta, Posco

The ministry of environment and forests is investigating alleged violation of forest laws by UK-based Vedanta group and Korean steel major Posco in Orissa, minister for environment and forests Jairam…

August 2, 2010 / No Comment / Read More

Rio Tinto, Chinalco to develop $1.35-billion Simandou iron ore project

Anglo-Australian miner Rio Tinto and China’s state-owned aluminum giant Chinalco today signed their first ever joint venture, to develop Rio’s 12-billion Simandou iron ore-project in Guinea, the world’s third-largest mining…

July 29, 2010 / No Comment / Read More
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