R/€ = 16.27 Change: 0.01
R/$ = 14.39 Change: 0.01
Au 1238.58 $/oz Change: 0.51
Pt 783.50 $/oz Change: -9.03

Ajoy K Das

At least 13 illegal miners in north-eastern India feared killed

14th December 2018 At least 13 people have been trapped and feared to be killed while illegally mining coal in the north-eastern Indian state of Meghalaya. According to preliminary reports received from government officials, the trapped miners may have been killed in the coal mine in the coal-rich Jantia hills. 

India’s new EV promotion policy focus shifts to component manufacturing

10th December 2018 The second stage of the Indian government’s policy for faster adoption of electric vehicles (EVs) will see a shift from offering financial incentives for purchasing EVs, to developing domestic lithium-ion battery manufacturing capacities and vehicle charging infrastructure across the country. 

Indian govt to mediate in NMDC, Karnataka spat over iron-ore mine

7th December 2018 In agreeing to mediate in the spat between State-run miner NMDC and the government of Karnataka over Donimalai iron-ore mine, the Steel Ministry has suggested that the Karnataka government does not invite a new miner to take control of the iron-ore mine. Officials said that the Steel Ministry... 

India approves bilateral agreement with Zimbabwe in mineral sector

7th December 2018 The Indian government on Thursday accorded ex-post ratification of a bi-lateral agreement between India and Zimbabwe for collaboration in mining, geology and mineral resources. According to an official statement issued by India’s Union Cabinet, the decision approved the memorandum of... 

India working on policy for FSRU LNG terminals at all major ports

6th December 2018 The Indian government will frame a policy to facilitate the construction of floating storage and regasification unit (FSRU) liquefied natural gas (LNG) terminals at every major port in the country. The policy will lay down investment structure options for private investors so that there is a... 

Uncertainty about maximum permissible area undermining Odisha mineral auction plans

6th December 2018 Uncertainty over the maximum permissible area that can be granted for mining is undermining plans to hold fresh rounds of mineral block auctions in the eastern Indian state of Odisha. The Odisha government is currently working to complete rounds of auction to allocate 16 mineral blocks in the... 

CCI dismisses complaints against Coal India

4th December 2018 The Competition Commission of India (CCI) has dismissed Hindustan Zinc Limited’s (HZL’s) complaint against State-run Coal India Limited (CIL) for alleged unfair trade practices in coal supplies. The Vedanta Resources subsidiary said in its complaint filed before the CCI that CIL and its... 

Goa counting the cost of iron-ore mine closures

4th December 2018 The government of the western Indian coastal state of Goa has estimated that it is losing $214-million a month in revenues, following the closure of all iron-ore mines since March. With neither the state, nor central government succeeding in ensuring resumption of mining operations by December,... 

India’s GEECL lines up $2bn shale gas investment over next decade

30th November 2018 India’s Great Eastern Energy Corporation Limited (GEECL) will invest an estimated $2-billion to develop shale gas resources at its coal blocks at Raniganj, in the eastern state of West Bengal. According to a statement issued on Friday, GEECL expected to start initial shale gas exploration... 

Vedanta’s closed copper plant gets a lifeline

30th November 2018 Vedanta’s closed Sterlite copper plant at Tuticorin, southern India, has been thrown a life line with a committee appointed by the National Green Tribunal (NGT) reporting that the closure of the plant was “unjustified” and “against principles of natural justice”. The NGT-appointed committee, in... 

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