India discovers new platinum reserves

The Geological Survey of India (GSI) has recently established the presence of platinum-group elements (PGE) across India, through the discovery of 19.08-million tons of platinum ore equivalent. The platinum ore reserves have been established in...

KIOCL seeks access to cancelled iron-ore leases

Indian iron-ore miner KIOCL, formerly known as Kudremukh Iron Ore Company Limited, was seeking iron-ore mining leases in the southern Indian province of Karnataka from among the list of lease cancellations drawn up following investigations into...

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 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,...

India's UCIL gets clearance for new uranium mine

Uranium Corporation of India Limited (UCIL) has secured environmental clearance for the development of its Gogi uranium reserves in the southern Indian province of Karnataka, and would adopt mobile mining technology for the project. “Gogi has a...

Indian Supreme Court ruling a game changer in resource allocation

The Supreme Court-appointed Central Empowered Committee (CEC) this week recommended that some 49 iron-ore mining licences be cancelled in the Indian province of Karnataka, while also suggesting that a financial penalty be imposed on 71 companies...

Indian government mulls single iron export agency

India’s Union Cabinet of Ministers were poised to take a call on canalising all high-grade iron-ore exports through a single government owned agency, at a meeting scheduled for next month. The proposal to canalise the export of high grade...

NMDC fast-tracks $900m investments during 2012/13

India’s largest iron-ore miner NMDC Limited has decided to fast-track investments worth $900-million during 2012/13 in an effort to better invest the company’s free cash reserves of almost $3.6-billion. The investments would be aimed at...

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,...

India’s NMDC ups reserves by 50%, signs deal with Russians

India’s largest iron-ore miner, NMDC has reported a 50% increase in iron-ore reserves, based on intensive exploration undertaken over the last 18 months. At the end of April last year, NMDC had proven reserves under control of around...

India sets aside $1.4bn for exploration investment

India’s Mines Ministry has proposed a government spend of $1.4-billion between 2012 and 2017 to plug the technological gap in mineral exploration, thereby increasing mining’s share in the country’s gross domestic product (GDP), which was...

India’s KIOCL eyes iron-ore reserves in Mauritania

India’s KIOCL Limited has undertaken negotiations to pick up equity stakes and gain access to iron-ore mines in Mauritania, after failing to secure allotment of a domestic captive iron-ore reserve from the Indian government. KIOCL, formerly...