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...

India’s deficient infrastructure holding back coal production

Infrastructure for Indian coal pithead dispatches has shown a marginal increase in capacity, reflecting a major bottleneck in meeting rising demand for domestic and imported coal, the Coal Ministry has reported. In information placed before...

Nine Indian coal mines served with closure notices

Nine coal mines in the Talcher coalfields, operated by Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited (CIL), have been served with closure notices at a time when India is facing an acute shortage of thermal-grade coal and...

Canada softens enviro rules, Australia eases miner listings, India finds platinum elements

Canada has unveiled a plan to streamline the environmental approval process; The Australian Security Exchange (ASX) is taking steps to making listing easier; and the Geological Survey of India (GSI) reports that it has discovered platinum group...

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)...

New platinum reserves discovered in India

The Geological Survey of India (GSI) has discovered platinum group of elements and chromite reserves in the eastern Indian coastal province of Orissa. “Results of geological mapping and testing of samples from Dhenkanal district in Orissa have...

India working on mining tax

An Indian government task force comprising representatives of the Steel, Mines, and Environment and Forests Ministries was working on modalities for the levy of a Forest Development Tax (FDT) on minerals mined from forested regions. The FDT...

Negative growth forecast for mining to drag down Indian GDP

India’s gross domestic product (GDP) growth during 2011/12 would be dragged down to 6.9% compared with the 8.4% achieved in the previous corresponding period, as mining and quarrying sector growth contracted by some 2.2%. Advance GDP growth...

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...

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 government at loggerheads over new tax

India’s federal and provincial governments are at loggerheads over demands by the mineral-rich eastern provinces that the central government levy a ‘super profit tax’ on miners. The tax would be in line with Australia's mineral resources...

Indian steel company hits road blocks in expansion

Indian government owned Rashtriya Ispat Nigam (RINL), popularly known as `Vizag Steel Plant’, has hit roadblocks in its attempts to secure captive iron-ore reserves to achieve raw material security for its expanded capacity. RINL, in the...