R/€ = 16.60 Change: -0.26
R/$ = 13.99 Change: -0.16
Au 1288.60 $/oz Change: -2.60
Pt 936.00 $/oz Change: 2.00

Ajoy K Das

Coal India steps up logistics to ease short-term shortages

23rd November 2017 Faced with dips in production growth and dwindling stocks to bank on, Coal India Limited (CIL) is hoping that a beefed up logistics and distribution solution will ease the clamour for dry fuel among various end-user industries. The miner reckons that increasing volumes transported by road and... 

Indian oil firms shift focus to Israel from Iran amid changing geopolitics

20th November 2017 Changing geopolitical alignments and receding investment prospects in Iran are prompting a consortium of Indian oil companies to push for domestic energy security through wider exploration and production projects in Israel and Latin American countries. With the $5-billion investment offer to... 

ONGC remains committed to Venezuelan oil project

16th November 2017 Despite a default in sovereign debt by Venezuela, Indian oil and gas major ONGC has clarified in a statement that it will continue implementation of the San Cristobel oilfield project, in the politically and economically embattled Latin American country. ONGC said this week that the November 2016... 

India’s SCCL to start work on six coal mines

16th November 2017 India’s second-largest coal miner, Singareni Collieries Company Limited (SCCL), is planning to start work on six mines before the end of March. Besides ramping up production capacity, the opening up four underground and two opencast projects will enable SCCL to bridge the productivity gap... 

India’s Steel Ministry seeks globally accepted regulations, tax for iron-ore mining

15th November 2017 India’s Steel Ministry is seeking to align the domestic iron-ore mining industry with globally accepted regulations and practices as the country aims to be a 300-million-ton-a-year globally competitive steel producer by 2030. In the course of inter-Ministerial consultations about a new National... 

India’s Mines Ministry bets big on fresh mineral auctions despite moderation in valuations

13th November 2017 Hoping to beat the downturn in valuations through tweaks in rules, India’s Mines Ministry will complete the auction of 12 mineral blocks by the end of March 2018, and will put on the block another 60 mineral assets in the next financial year. The government expects $8-billion from the auction of... 

Advisory body seeks ‘ideal tax’ in proposed India minerals policy

6th November 2017 The Indian government’s apex policy advisory body has advocated that the new National Mineral Policy (NMP) “define an ideal taxation system” for the mining sector and explore the possibility of merging current multiple levies into a globally competitive tax regime. The National Institute for... 

Fresh dampener on increased iron-ore production cap in Goa

31st October 2017 The western Indian province of Goa is staring at the possibility of a cut in the yearly production cap for iron-ore, following a fresh petition filed before the Supreme Court. A nongovernmental organisation (NGO) has approached the apex court, seeking a reduction of the production cap from... 

Need for production cap in new Indian mineral policy flagged

31st October 2017 With a new National Mineral Policy (NMP) in the works, India’s Ministry of Environment and Forests (MoEF) has flagged the need for mineral production caps to be set. The Ministry has said that since the focus in the revision of the NMP 2008 is on sustainable mining, environmental protection and... 

India’s Coal Ministry directs CIL to ramp up daily coal production, dispatch

30th October 2017 India’s Coal Ministry has directed Coal India Limited (CIL) to ramp up production to two-million tons a day, up from an average of 1.6-million tons a day at present, and bring down its pithead stocks to nil from 30-million tons currently being carried. More importantly, to mitigate the shortage... 

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