User: esg Topic: Issues
Category: mining :: iron-manganese
Last updated: Jun 18 2018 05:23 IST RSS 2.0
 
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Saranda mining plan to cover more land 18.6.2018 DNA: Top News
Elephant conservation in the Sal rich forest of Saranda and Chaibasa in Jharkhand will be extended beyond West Singhbhum district to cover the entire Eastern Central landscape, according to the environment ministry's plan on sustainable iron ore mining. Keeping in mind the human-elephant conflict in this region due to existing mines, the plan said that covering an entire landscape would address the conflict issue, as prescribed by the Integrated Wildlife Management Plan (IWMP) of multidisciplinary expert committee. According to the 2016 IWMP report, there are 200 elephants in Saranda and Chaibasa region and in summer, the population varied between 139 and 154, as per data from 2011 and 2012 respectively. The "prescription of IWMP prepared and approved by the State Wildlife authority, National Board of Wildlife (NBWL) and Project Elephant (PE) of MoEF& CC must be followed and mining should be done in phased manner spread over the life of mines when all ore is exhausted as per mining plan," the plan ...
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Steel firms fear NPAs on iron ore export move 18.6.2018 DNA: Mumbai
After Karnataka miners' threat to move the Supreme Court (SC) this week to allow them to export iron ore, the state steel manufacturers have also gone aggressive in their opposition to it. Ramana Kumar, secretary of Karnataka Iron and Steel Manufacturers' Association (Kisma), told DNA Money that if the state-owned National Mineral Development Corporation (NMDC) and the private miners were permitted to export, iron ore shortage will further increase and result in more non-performing assets (NPAs) and plant shutdowns in the steel industry. "The shortage (of iron ore) for steel manufacturing in the country will increase. Everybody will have to shut down if they (miners) start exporting iron ore. As it is, there is a severe shortage in Karnataka, and if they start exporting then there will be even more serious problem," he said. Kumar said there was an extreme shortage of iron ore in Karnataka following SC's directive in 2013 to regulate its mining to 30 million tonne per annum (mtpa) to curb illegal mining. ...
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Vedanta mulls options for Indian iron ore workers after shutdown: sources 14.6.2018 Reuters: Money News
NEW DELHI (Reuters) - Vedanta Resources is considering options including lay-offs for some of the 2,000 employees of its iron ore business in southwest India that was shut down by a court, two sources said, as it struggles with a series of setbacks in the ...
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Goa Mining Industry Pins Hope On Manohar Parrikar To Resolve Crisis 14.6.2018 NDTV News - Top-stories
The people dependent on the mining industry in Goa are hoping that their operations, which came to a standstill from March 16, will resume once Chief Minister Manohar Parrikar returns to the state.
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Odisha can produce 100 million tonnes of steel: Steel Minister 13.6.2018 Govt of india: PIB
Union Minister of Steel interacting with MDs/CEOs of major steel producing units in Kalinganagar, Odisha   Union Minister of Steel Chaudhary Birender Singh visited Kalinganagar on 12th June, 2018 and interacted with MDs/CEOs of major steel producing units located in the State of Odisha.
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Government releases Jharkhand iron ore mining plan, proposes no-go zones 10.6.2018 DNA: Wide Angle
The Environment ministry has come out with a plan on 'sustainable iron ore mining ' in Jharkhand's Saranda and Chaibasa, West Singhbhum district, and has proposed go and no-go zones, biodiversity hotspots and conservation areas to protect the region's rich Sal forest and over 200 elephants. It has also accepted an annual cap of 64 million tonnes per annum in Saranda-Chaibasa, based on the expert report of Indian Council of Forestry Research and Education. Only those mining leases falling in the eastern boundary of Saranda have been considered for inclusion in two mining zones and mining leases falling in ten villages across Chaibasa will be considered. The remaining leases, the ministry's plan said, will be closed for mining and kept in abeyance for now. Centre will review their status when mineral deposits in the permitted zones are almost exhausted and appropriate technology is available for their extraction to prevent damage to forest and wildlife. DNA was the first to report on the draft of the ...
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Sterlite shooting may dent Vedanta's brand image 7.6.2018 Rediff: Business
The brand image, however, may not tarish further as it will have already taken the beating due to consistent injury
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Goa Government Pins Hope On PM Modi To Resolve Mining Crisis 5.6.2018 NDTV News - Top-stories
The Goa government has pinned its hope on Prime Minister Narendra Modi to resolve the mining crisis in the state and is confident that he will find some solution for it, a state minister said today.
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Confident that PM Modi can resolve mining issue, says Goa govt 5.6.2018 DNA: Bangalore
Confident that PM Modi can resolve mining issue, says Goa govt
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Massive mine blast kills 11 in China's Liaoning province, 25 trapped under debris 5.6.2018 DNA: Money
An explosion at an iron ore mining project in China's northeastern province of Liaoning on Tuesday has killed 11 people and injured nine, state media said. Another 25 people are trapped after the blast, which happened at around 0810 GMT at the mine, according to online reports by the People's Daily and CCTV. The mine is in Liaoning province's Benxi city and owned by Huamei Group Company. Benxi city officials have gone to the site to help with the rescue, CCTV said. Telephone calls made to the Huamei Group and the Benxi city government went unanswered. China's government has taken action to try to improve the poor safety record at many mines. In May, an explosion at a small coal mine in China's Hunan province killed two workers while another three are missing, the Hunan coal mine safety regulation bureau said.  Article ...
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Large cut in Odisha mining, post court ruling to pay hefty penalty: ASSOCHAM 29.5.2018 General News
ASSOCHAM has asked Centre's immediate intervention to resolve the issue in consultation with the state government , and cautioning that thousands of jobs are at stake.
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NMDC Q4 profit up at Rs 1,106 crore 28.5.2018 General News
State-owned miner NMDC today reported an over two-fold rise in its standalone profit at Rs 1,105.8 crore for the March 2018 quarter. The company had posted a standalone profit of Rs 511.8 crore in the year-ago period, NMDC said in a filing to the BSE. Its income increased to Rs 4,053.1 crore, over Rs 3,006.21 crore in the January-March quarter of FY17, the statement said. However, total expenses of the company increased to Rs 2,059.8 crore, over Rs 1,976 crore in the year-ago period. NMDC is country's single largest iron ore producer, presently producing about 30 million tonnes of iron ore from 3 fully mechanised mines, according to its website.
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SVC Resources standalone net profit rises 4800.00% in the March 2018 quarter 28.5.2018 General News
Sales reported at Rs -0.02 crore
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So far so bad: Vedanta slid 25% this year, and then Thoothukudi hit 28.5.2018 Top Stories
A combination of bad news across its operating industries has made Vedanta one of the biggest losers this year among the 10-member S&P BSE India Metal Index
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Revision petition, ordinance in pipeline to resume mining in Goa: Minister 26.5.2018 All News-IANS Stories
The Central government will soon file a revision petition in the Supreme Court seeking direction to resume mining operations in Goa, which stands banned following directions from the apex court in March this year, a Union Minister said on Saturday.
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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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MOIL Q4 net profit rises 10% to Rs 128 cr 24.5.2018 General News
State-run MOIL today reported 10 per cent rise in its standalone net profit to Rs 127.78 crore for the quarter ended March 31. The company had clocked Rs 115.80 crore net profit during the same quarter a year ago, MOIL said in a BSE filing. During the January-March quarter of 2017-18, its total income grew by 39 per cent to Rs 443.13 crore, from Rs 318.76 crore in the year-ago period. MOIL's expenses during the quarter under review were higher at Rs 242.28 crore as compared to Rs 147.47 crore in the corresponding quarter previous fiscal. MOIL produces and sells different grades of manganese ore. At present, it operates 10 mines, six located in the Nagpur and Bhandara districts of Maharashtra and four in Balaghat district of Madhya Pradesh.
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Won't support BJP in LS polls if mining ops don't resume: GFP 24.5.2018 General News
The Goa Forward Party (GFP), a constituent of the BJP-led Goa government, today said it will not support the saffron party in the next Lok Sabha elections if it fails to resolve the ongoing mining crisis in the state. The GFP said the BJP will land in "trouble" if the mining activities don't resume immediately. The mining operations in the state have come to a halt from March 16 after the Supreme Court quashed the second renewal of iron ore mining leases given to 88 companies. GFP president Vijai Sardesai, while addressing a press conference here, credited his party for the stability of the Manohar Parrikar-led government in the state. He said the BJP, which is also in power in the Centre, should immediately work out a solution for the mining crisis, which has hit the people dependent on the industry. "We won't support the BJP in the Lok Sabha elections if they fail to resolve the mining crisis...We need to think about the future of Goa and the people. We are fully ...
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NMDC raises lump ore rate by Rs 150 a tonne 23.5.2018 General News
Country's largest iron ore miner NMDC today said it has raised the price of lump ore by Rs 150 to Rs 3,050 per tonne. The rate of fines was also hiked by Rs 100 to Rs 2,660 per tonne. On April 18, the state-run firm had fixed the rate of lump ore at Rs 2,900 per tonne and of fines at Rs 2,560 per tonne. The new rates are with effect from May 23, 2018, NMDC said in a BSE filing. The current prices exclude royalty, DMF (District Mineral Fund), NMET (National Mineral Exploration Trust), cess, forest permit fee and other taxes, it said. Iron ore is the main ingredient for making steel. NMDC produces about 30 million tonne of iron ore from three fully mechanised mines. The company is involved in the exploration of wide range of minerals including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands etc.
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Vedanta Resources operating profit up 27% to $4.1 bn in FY'18 23.5.2018 General News
Diversified global natural resources giant Vedanta Resources today reported a 27 per cent surge in operating profit to USD 4.1 billion for 2017-18 on higher output and increase in prices. The LSE listed company, which produces aluminium, copper, zinc, lead, silver, iron ore, oil and gas and commercial energy, had registered group EBITDA (earnings before interest, tax, depreciation and amortisation) of USD 3.2 billion in the financial year 2016-17, it said in a statement. Its revenue increased by 33 per cent to USD 15.4 billion driven by firmer commodity prices and volume ramp-ups. The gross debt at USD 15.2 billion saw a reduction of USD 3 billion in 12 months which included repayment of USD 1.2 billion of temporary borrowing at Zinc India, the company said. Vedanta Resources Plc Chairman Anil Agarwal said: "...increased volumes and prices underpinned a 33 per cent increase in revenues to reach USD 15.4 billion, as well as a 27 per cent growth in EBITDA to USD 4.1 billion." Agarwal ...
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