User: anshuman Topic: Mining
Category: Mining
2 new since May 27 2018 13:49 IST RSS 2.0
 
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BEML posts Q4 net profit at Rs 187 cr 25.5.2018 General News
State-run BEML has today posted a flat standalone profit of Rs 187.6 crore for the quarter ended March 2018. The company had posted a standalone profit of Rs 186.4 crore in the year-ago period, BEML said in a BSE filing. The company's standalone income during January-March quarter declined to Rs 1,264.41 crore, over Rs 1,345.67 crore in the year-ago period. Total expenses of the company dropped to Rs 1,042.37 crore, over Rs 1,145.42 crore in the year-ago period. BEML Ltd --formerly known as Bharat Earth Movers Ltd-- operates under three major business verticals viz, mining and construction, defence and rail and metro. The three verticals are serviced by nine manufacturing units located at Bengaluru, Kolar Gold Fields (KGF), Mysore, Palakkad and Subsidiary - Vignyan Industries Ltd, in Chikmagalur district.
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Consider plea seeking probe into Sterlite protest: Delhi HC to NHRC 25.5.2018 General News
The Delhi High Court on Friday directed the National Human Rights Commission (NHRC) to look into the petition filed by a lawyer seeking probe into the deaths of 13 people during a protest in Tamil Nadu's Thoothukudi against Sterlite Industries.A single judge bench of Justice Rajiv Shakhder asked the NHRC to consider the representation made by the petitioner, advocate A Rajarajan.At least 13 people were killed and more than 60 injured in the police firing during a protest against the construction of a new smelter plant by Sterlite copper mining Industries in Thoothukudi.Earlier, the NHRC had issued a notice to Tamil Nadu Chief Secretary Girija Vaidyanathan and Director General of Police (DGP) T.K. Rajendran and sought a detailed reply from them within two weeks over the incident.Till now, 67 people have been arrested in the matter.
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India Cements clocks 4Q standalone net at Rs 35.27 Cr 25.5.2018 General News
India Cements Ltd today clocked a marginal increase in the standalone net profits at Rs 35.27 crore for the fourth quarter ending March 31, 2018. It had reported standalone net profits of Rs 34.28 crore in the same period last year, company Vice-Chairman and Managing Director, N Srinivasan said here. Standalone net profits for the full year ending March 31, 2018 slipped to Rs 100.62 crore from Rs 173.35 crore registered in the corresponding period last year, he said. "The performance of the company was lower than that of the previous year, mainly on account of increase in cost of production caused by various factors like teething troubles arising out of GST roll out and ban on sand mining in several states. Our net plant realisation was marginally lower", he told reporters. With a lower net plant realisation and increase in variable costs, the EBIDTA was at Rs 722 crore for the financial year ending March 31, 2018 compared to Rs 869 crore recorded in previous year, a ...
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TN Govt. submits report to HM on Thoothukudi violence 25.5.2018 General News
The Tamil Nadu Government on Friday submitted its report to the Ministry of Home Affairs in connection to the protest in Tamil Nadu's Thoothukudi district against Sterlite Industries.The Madras High Court earlier in the day asked Tamil Nadu Government to state the reason behind blocking the internet services in Thoothukudi district and demanded a reply on the same.At least 13 people were killed and more than 60 injured in the police firing during a protest against the construction of a new smelter plant by Sterlite copper mining Industries in Thoothukudi.Earlier, the NHRC had issued a notice to Tamil Nadu Chief Secretary Girija Vaidyanathan and Director General of Police (DGP) T.K. Rajendran and sought a detailed reply from them within two weeks over the incident.
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Fitch: Falling Coal Investment to Support Asian Prices 25.5.2018 General News
The current coal price of over USD100/tonne for Newcastle 6,000kcal - close to a five-year high - looks unsustainable, given rising supply in China and Indonesia. Chinese production increased by 3% to 3.4 billion tonnes in 2017, and the government has issued guidance to producers to increase output to 3.7 billion tonnes in 2018 to support power providers. Indonesian coal exports rose by 13% yoy in 1Q18 and are likely to increase further as producers respond to high margins.
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Govt orders out-of-turn coal for state-run power firms, pvt ones to be hit 25.5.2018 Latest News
The move to divert fuel from coal starved power projects may take a heavy toll on the already ailing sector
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Shiv Sena Says BJP Should Break Its Silence Over Mining Ban 25.5.2018 NDTV News - Top-stories
The Shiv Sena today demanded that the BJP should break its "silence and suspense" over the ban on iron ore mining and export in Goa.
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Goa mining crisis will be resolved much before LS polls: BJP 25.5.2018 General News
A day after the GFP threatened that it won't support the BJP in the next Lok Sabha polls if the mining crisis in Goa is not resolved, the latter today said a solution to the problem would be found much before the general elections. Vijai Sardesai, president of the Goa Forward Party (GFP), a constituent of the BJP-led Goa government, had yesterday said that the BJP will land in "trouble" if the mining activities in the state don't resume immediately. "We won't support the BJP in the Lok Sabha elections if they fail to resolve the mining crisis," he had said. On the GFP's stance, the ruling saffron party said the mining crisis would be resolved soon. "There will no issue of GFP not supporting BJP during Lok Sabha polls as the mining industry crisis would be resolved soon, much before the upcoming Parliamentary polls," BJP's Goa unit president Vinay Tendulkar told PTI. He said the Centre was serious about the issue and it was trying all possible ways to resume operations of .
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Sand mining temporarily suspended in Hailakandi 25.5.2018 The Assam Tribune
Sand mining temporarily suspended in Hailakandi
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Need for conservation of biodiversity stressed 25.5.2018 The Assam Tribune
Need for conservation of biodiversity stressed
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United Spirits at centrestage after turnaround Q4 result 25.5.2018 General News
United Spirits reported net profit of Rs 211 crore in Q4 March 2018 as compared with net loss of Rs 104.20 crore in Q4 March 2017. Total income rose 13.99% to Rs 2422.80 crore in Q4 March 2018 over Q4 March 2017. The announcement was made after market hours yesterday, 24 May 2018.
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Live Updates: Kumaraswamy To Face Floor Test Today 25.5.2018 NDTV News - Latest
Karnataka Chief Minister HD Kumaraswamy will face the floor test today, where he is widely expected to sail through, barring any unforeseeable events, ending the 10-day political uncertainty in the...
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Distraction or disaster? Freeport's giant Indonesian mine haunted by audit report 25.5.2018 General News
JAKARTA (Reuters) - A state audit of operations at Indonesia's Grasberg mine has cast a cloud over the government's multi-billion-dollar deal to take a majority stake in the mine from Freeport McMoRan Inc and its partner Rio Tinto , according to government and company officials.
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Distraction or disaster? Freeport’s giant Indonesian mine haunted by audit report 25.5.2018 Reuters: Money News
JAKARTA (Reuters) - A state audit of operations at Indonesia's Grasberg mine has cast a cloud over the government's multi-billion-dollar deal to take a majority stake in the mine from Freeport McMoRan Inc and its partner Rio Tinto , according to government and company ...
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Congress Hits Yeddyurappa With Bribery Case For Trying To Buy Lawmakers 24.5.2018 NDTV News - India-news
The Karnataka Congress has made its complaint of the BJP allegedly trying to buy its lawmakers official. The party's legal cell today complained to the state's anti-corruption bureau against BS...
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Tight supply weighs on U.S. home sales; job market strengthening 24.5.2018 General News
WASHINGTON (Reuters) - U.S. home sales tumbled in April as an acute shortage of properties limited choices for potential buyers, the latest sign that the housing market was struggling to regain momentum.
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Gadkari, Kejriwal review Yamuna cleaning work 24.5.2018 General News
Union minister Nitin Gadkari along with Delhi Chief Minister Arvind Kejriwal today reviewed Yamuna's cleaning activities and pitched for expediting the work to restore the past glory of the river. The meeting was also attended by Union water resources secretary U P Singh and officials from the Delhi government. Efforts have been expedited to restore Yamuna to its past glory, Gadkari's office said. The Water Resources, River Development and Ganga Rejuvenation minister reviewed Yamuna cleaning and ways to expedite the work were discussed in detail during his meeting with the Delhi Chief Minister, it said.
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Camel milk demand rises, bringing 'health benefits'; Australia can help 24.5.2018 Latest News
Compared with cow's milk, camel milk has five times the vitamin C and ten times the iron, according to the Australian Camel Industry Association
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Won't support BJP if mining crisis not resolved: Goa party 24.5.2018 General News
Goa Forward, an alliance partner in the BJP-led coalition government, on Thursday warned of rethinking its decision to support the state government if it does not resolve the mining imbroglio at the earliest.
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Submit percentage-wise compliance report on Ganga: NGT to Uttarakhand 24.5.2018 General News
The National Green Tribunal has directed the Uttarakhand government to submit within four weeks percentage-wise compliance report on steps taken by it to clean the River Ganga in the stretch between Gomukh and Haridwar. A bench headed by acting NGT Chairperson Justice Jawad Rahim asked the state government to make a categoric statement about the stage of compliance rather than indicating what work was under progress. The green panel has directed the state government to file the report of compliance by July 19. "On behalf of State of Uttarakhand it is submitted that the compliance report filed by them indicates substantial compliance, however it is pointed out by the counsel Vijay Hansaria that various directions of the Tribunal are yet to be complied with in totality. "The counsel on behalf of State of Uttarakhand, submits they require four weeks time to compile all the information and file to the satisfactory of the Tribunal. We accept his request and grant them time till July 19, ...
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