E&Y to prepare data system for Indian mineral sector

India’s Mines Ministry has mandated advisory firm Ernst & Young (E&Y) to prepare the detailed project report (DPR) for an online computerised Mining Tenement System (MTS), to bring the functions of the directorates of mining and geology (DMGs)...

Indian Ministries squabble over iron-ore reserve status

In a fresh exchange of salvoes within the Indian government over whether or not to export iron-ore, the Mines Ministry has opposed a proposal from the Steel Ministry for classifying iron-ore as a ‘strategic mineral’. In a communication to the...

India moots fiscal incentives for iron-ore value add

The Indian government was considering offering fiscal incentives to the iron-ore mining industry to encourage the more widespread adoption of beneficiation technology and pelletisation, and to promote higher value addition to ore and reduce...

Pebble Creek hikes Indian resource

Canada’s Pebble Creek Mining Limited (PCML) conducting exploration at its Askot project, in northern Indian province of Uttarakhand, has increased its inferred resource estimation to 1.2-million tons, compared with the 149 000 t previously...

Indian iron-ore users, traders to register with government

In a bid to curb illegal mining, the Indian Mines Ministry has directed mining regulator, the Indian Bureau of Mines (IBM), to mandatorily register all traders and end-users of iron-ore. The regulator has some 9 000 mining leases registered,...

Company Announcement: Case Study: Cortell takes IBM Cognos TM1 solution to AngloGold Ashanti operations in Mali

The AngloGold Ashanti group, headquartered in Johannesburg, is a leading global gold producer with 20 operations across four continents. Following the successful implementation by Cortell Corporate Performance Management of IBM’s Cognos TM1...

India’s iron-ore reserves insufficient for projected steel production

The present level of iron-ore reserves in India was unlikely to be sufficient to meet project demand by 2019/20, the Indian mineral resource regulator, the Indian Bureau of Mines (IBM) has reported. According to the revised National Steel Policy,...

Indian import dependency in copper to rise to 90% by 2017

India’s import dependency on copper would increase to over 90% of its requirement by 2017, even with current expansion plans of Hindustan Copper Limited (HCL), the country sole integrated copper miner and refiner. According to a report of a...

SAIL steps into manganese mining for captive consumption

India’s largest integrated steel producer Steel Authority of India Limited (SAIL) would foray into mining of manganese ore as backward integration for its ferro-alloys manufacturing facilities. Although currently restricted to the extraction of...

HCL outsources mining, looks at Afghan copper deposits

India’s sole integrated copper miner-refiner, Hindustan Copper Limited (HCL) is planning to outsource ore extraction from the 25-million ton Banwas deposits, in the central province of Rajasthan, to mining contractor Byrnecut Mining Australia,...

India proposes $1.4bn railway investment

Government-owned India Railways was planning a $1.4-billion investment between 2012 and 2017 to construct a 1 744-km dedicated track network to augment the transportation capacity for mining produce, and to achieve efficient inter-connectivity...

India introduces measures to curb illegal mining

In a bid to check the rising incidence of illegal mining in the country, India’s Department of Mines has proposed a mandatory registration of all entities at every stage of the mining cycle, including end-users and exporters. The details of the...