Business Standard

miners

Centre releases draft guidelines for 'responsible and sustainable' mining

Dated July 2, these rules provide a framework for preparation and approval of exploration and production plans

Centre releases draft guidelines for 'responsible and sustainable' mining
Updated On : 09 Jul 2024 | 9:07 PM IST

Coal India registers 18% growth in annual profit, tepid income rise

Board recommends final dividend of Rs 5 a share

Coal India registers 18% growth in annual profit, tepid income rise
Updated On : 02 May 2024 | 11:50 PM IST

Uttarkashi tunnel collapse: Medical checkup of 41 rescued miners underway

According to government sources, all the workers admitted to the health centre are being given food as per the doctors' advice

Uttarkashi tunnel collapse: Medical checkup of 41 rescued miners underway
Updated On : 29 Nov 2023 | 9:37 AM IST

Miners race to realise graphite projects as China controls exports

To stay ahead in a fast-changing industry, carmakers have been investing directly in mining projects to ensure future supplies of battery inputs

Miners race to realise graphite projects as China controls exports
Updated On : 20 Oct 2023 | 10:39 PM IST

Global coal industry expected to layoff over 400,000 miners by 2035: Report

The coal industry is expected to shed more than four lakh mining jobs, equivalent to nearly 100 workers per day, by 2035, even without climate pledges or policies to phase out coal, with China and India likely to be the hardest hit, according to a new report. The primary reason will be the market shift toward cheaper wind and solar power generation and a lack of planning to manage a transition to a post-coal economy, said the report compiled by Global Energy Monitor, a US-based NGO that analyses the evolving international energy landscape. The report suggests that 9,90,200 coal-mining jobs will cease to exist at operating mines given the foreseeable closures of coal facilities, potentially laying off more than one-third (37 per cent) of the existing workforce. China and India are expected to be the hardest hit. China's Shanxi province would witness the largest number of job losses globally -- 2,41,900 by 2050 -- while Coal India is the producer facing the largest potential job cuts

Global coal industry expected to layoff over 400,000 miners by 2035: Report
Updated On : 11 Oct 2023 | 11:11 PM IST

New regulations to boost mineral mining and revenue sharing in India

Miners may receive revenue shares and exploration rights for deep-seated minerals under the amended Mines and Minerals Act, aiming to enhance mineral exploration and domestic production

New regulations to boost mineral mining and revenue sharing in India
Updated On : 17 Aug 2023 | 2:22 PM IST

Indian Rare-Earths eyes 400% expansion for clean energy transition

State-owned IREL (India) Ltd. aims to mine 50 million tonnes a year of rare-earths bearing ore by end-2032, up from 10 million tonnes now

Indian Rare-Earths eyes 400% expansion for clean energy transition
Updated On : 12 Apr 2023 | 7:10 AM IST

Cobalt's battery-powered boom in 2022 on EV demand surge busts

Pound for pound, the batteries used in laptops, phones and tablets contain much more cobalt than EV batteries, and demand from the industry has fallen about 30% to 40% over the past year

Cobalt's battery-powered boom in 2022 on EV demand surge busts
Updated On : 09 Feb 2023 | 2:32 PM IST

Coal miners' pension unrevised due to shortfall in accrual of pension fund

No revision in 25 yrs due to resistance from central trade union representatives, says coal minister

Coal miners' pension unrevised due to shortfall in accrual of pension fund
Updated On : 09 Feb 2023 | 9:51 AM IST

Indian miners seek higher import tax on aluminium, zinc, copper products

India is the world's third-biggest primary aluminium producer

Indian miners seek higher import tax on aluminium, zinc, copper products
Updated On : 11 Nov 2022 | 6:10 PM IST

Miners body urges govt not to impose anti-dumping duty on caustic soda

Aluminium industry is one of the major consumers of caustic soda in the country

Miners body urges govt not to impose anti-dumping duty on caustic soda
Updated On : 28 Dec 2021 | 6:04 PM IST

World's coal producers now planning more than 400 new mines: Research

The world's coal producers are currently planning as many as 432 new mine projects with 2.28 billion tonnes of annual output capacity putting targets for slowing global climate change at risk.

World's coal producers now planning more than 400 new mines: Research
Updated On : 03 Jun 2021 | 8:57 AM IST

Getting real about coal and climate

A document from the United Mine Workers offers reason to hope

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Updated On : 23 Apr 2021 | 11:31 PM IST

To come out with industry-friendly reforms in mining soon: Pralhad Joshi

The minister also invited investors, explorers and miners to come and explore the huge opportunities that the Indian mining sector offers

To come out with industry-friendly reforms in mining soon: Pralhad Joshi
Updated On : 11 Aug 2020 | 3:26 PM IST

Iron ore exports, prices rose sharply, but only eastern miners benefited

According to FIMI, iron ore exports in 2019-20 rose to 36,623.71 tonnes from 16,198.90 in 2018-19

Iron ore exports, prices rose sharply, but only eastern miners benefited
Updated On : 03 Aug 2020 | 10:55 AM IST

Top Headlines: PM Modi woos US investors, relief for Voda Idea and more

Here are the top business headlines on Thursday morning

Top Headlines: PM Modi woos US investors, relief for Voda Idea and more
Updated On : 23 Jul 2020 | 7:17 AM IST

Miners want mandatory capex rule relaxed as workers stay away fearing Covid

None of the merchant mines in Odisha whose lease validity expired by March 31 has been able to restart. Though the successful bidders have got LoI, they awaiting formal vesting orders

Miners want mandatory capex rule relaxed as workers stay away fearing Covid
Updated On : 09 May 2020 | 5:52 PM IST

Miners seek moratorium on dues as lockdown cripples operations

Experts believe Q1 will be a complete washout for the sector; assuming subdued activity during monsoons or Q2, revival is only expected towards the second half of FY21

Miners seek moratorium on dues as lockdown cripples operations
Updated On : 25 Apr 2020 | 6:35 PM IST

Navy abandons efforts to pull out decomposed body of miner in Meghalaya

At least 15 miners are trapped inside the mine since December 13 last year after one of them accidentally punctured the wall of the mine

Navy abandons efforts to pull out decomposed body of miner in Meghalaya
Updated On : 20 Jan 2019 | 9:56 PM IST

Miners want more bidders for better price discovery at auctions

Mining companies have suggested a string of changes in the bidding parameters to make auctions of mineral blocks more attractive and ensure better price discovery of the auctioned assets. As the Union mines ministry mulls changes in the Mineral Auction Rules-2015, the Federation of Indian Mineral Industries (Fimi), the body lobbying for miners' interest have proposed a slew of changes in the bidding clauses."All technically qualified bidders should be allowed to bid and not merely the top 50 per cent. This will moderate the initial bidding percentages. It will have more number of participants and bidders and enhance competition resulting in better premium over the reserve price", said R K Sharma, secretary general, Fimi.For better understanding and clarity with regard to geological data, Fimi suggested that the tender document should contain all geological reports of different agencies worked in the area including geological reports and maps. The document should also provide digital ..

Miners want more bidders for better price discovery at auctions
Updated On : 01 Aug 2017 | 10:07 PM IST