User: esg Topic: Issues
Category: mining :: iron-manganese
Last updated: Jun 22 2017 23:45 IST RSS 2.0
 
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Iron ore export slumps with fall in global prices 22.6.2017 Latest News
Iron ore exports from India were down 53 per cent in the past two months as China, a major consumer, took better quality ore from Australia to feed its integrated steel plants, taking advantage of a slump in global prices.Macquarie Research says after a surge in iron ore export to 49 million tonnes (mt) in March, these slumped to 23 mt in May. With seaborne ore prices down 40 per cent from the peak in late February, the Indian high-cost export is fading away. Shipments from Goa have become unviable and volumes from the east coast have started diverting to domestic markets, it said.Spot iron-ore prices have slumped to $55 a tonne, from a recent peak of $94.5 a tonne in late February.Indian iron ore production saw 23 per cent growth in FY17 over a year before, at 190 m. The report forecasts production to grow to 206 mt, up eight per cent. With declining export, it expects a domestic surplus of 18 mt in FY18, adding to the surplus of 14 mt in FY17. According to an industry expert, the ...
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Naxals stall NMDC's expansion plan 22.6.2017 Latest News
Rebels brutally bashed up officials engaged in mine development work
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Tap solar energy, Goyal tells RINL 22.6.2017 Hindu: Home
Promises full support in the allocation of coal blocks
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Govt advises RINL to foray into renewable energy, reduce dependence on fossil fuels 21.6.2017 ET: Power
Goyal, who is also the minister for Coal and Mines said the government will provide necessary support and incentive to industries which will come forward to set up solar power plants in the country.
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Global investors shun India as steep taxes make mining unviable 21.6.2017 All Economy & Policy Stories
Auctions likely to make mining costlier; delays in granting mines add to sector's woes
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SIT searches mining firm’s office 18.6.2017 TOI: Goa
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Mineral Production during April 2017 (Provisional) 16.6.2017 Govt of india: PIB
The index of mineral production of mining and quarrying sector for the month of April (new Series 2011-12=100) 2017 at 99.9, was 4.2% higher as compared to the level in the month of April 2016.
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Construction, beedi workers in dilemma 16.6.2017 The Hindu - Tamil Nadu
After welfare cess meant for workers in six sectors were abolished, workers in the construction and beedi industry too have raised concerns about the impact and uncertainty of GST Bill and have expres...
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NMDC ore output at 5.63 mt 15.6.2017 HBL: Companies
The country’s largest iron ore miner NMDC today said it produced 5.63 million tonnes of iron ore in April and May this year. The company produced 3.66 mt of iron ore from its mines in Chhattisgarh an...
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Kumaraswamy moves HC for advance bail 14.6.2017 deccanherald.com
Former chief minister H D Kumaraswamy moved an application for anticipatory bail before the High Court of Karnataka on Wednesday after the Lokayukta Special Court rejected his bail plea on Tuesday. The Special Investigation Team (SIT), which is probing into illegal mining cases, has registered a case against Kumaraswamy based on the statement made by IAS officer and an accused in the illegal mining case, Gangaram Baderiya. The SIT had arrested Baderiya for according permission to Janthakal Enterprises in 2006 for lifting iron ore. Baderiya had said that the permission was given on the instructions of the then chief minister Kumaraswamy. The SIT had summoned Kumaraswamy to appear before the investigating officer and he later filed an anticipatory bail application before the lower court, which was rejected on Tuesday. Although his petition was not listed in the high court, Kumaraswamys advocate Hasmath Pasha moved the petition through a memo. Hearing the plea, Justice Rathnakala told the advocate to list ...
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Mining case: court reject's HDK's anticipatory bail 13.6.2017 Deccan Herald - State
A Lokayukta special court rejected an anticipatory bail application filed by former chief minister H D Kumaraswamy in an illegal mining case. Following this, Kumaraswamy moved the High Court of Karnataka seeking bail. The matter is yet to be listed for hearing. The Special Investigation Team (SIT) which is probing illegal mining cases in the state, had registered a case against Kumaraswamy based on the statement by senior IAS officer Gangaram Baderiya. The SIT had arrested Baderiya for according permission to Janthakal Enterprises in 2006 based on forged letters purportedly issued by the Ministry of Environment and Forests. During questioning, Baderiya had stated that he had accorded permission on instructions from the then chief minister Kumaraswamy. When the SIT summoned Kumaraswamy to appear before the investigating officer, he had filed a regular anticipatory bail besides seeking interim anticipatory bail. An ACMM court had in May 2017 granted Kumaraswamy interim anticipatory bail. Lokayukta special ...
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Rly revenue to take Rs 2,750 cr hit with shutting down of Jharia line 12.6.2017 News
The Indian Railways will shut down its operations in a 35-kilo meter line between Chandrapura and Dhanbad from June 15, which will affect about 75 per cent of production of Bharat Coking Coal Ltd, a subsidiary of state-run Coal India Ltd. This is likely to hit the railways revenue by more than Rs 2,750 crore per annum.The line which is running through the Jharia coalfields area was under threat of caving in due to underground fire. On an average, the route carries around 25 million tonne of coal traffic which will lead to a loss of Rs 2,500 crore in revenue. The line carries 12.4 million passengers, leading to an annual loss of around Rs 250 crore. Further, there will be loss on account of steel and iron ore traffic but an estimate is not yet made."We will close down the route starting from June 15. Out of 25 MT lost coal traffic, we are in talks with CIL to compensate in other mines areas thereby minimizing the losses to 10 MT," said Mohammed Jamshed, member (Traffic) of railway ...
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'Tainted' cop under scanner for lobbying on behalf of Baderiya 9.6.2017 Deccan Herald - News
A senior police officer who served in the Bengaluru commissionerate until last week is in the news for the wrong reasons. H D Anand Kumar, who was Deputy Commissioner of Police (Crime-2) in the city, faces an enquiry for trying to help IAS officer Gangaram Baderiya, who is an accused in the illegal mining case, get bail. The Special Investigation Team (SIT), which is probing illegal mining cases in Karnataka, had arrested Baderiya for allowing a mining company to lift iron ore after taking a bribe of Rs 10 lakh. When Baderiya's bail application was being heard last month, Kumar visited the Lokayukta court and approached the SIT's Special Public Prosecutor (SPP), requesting him to be "lenient" with the IAS officer. The SPP immediately brought the matter to the notice of the SIT chief, K S R Charan Reddy. On May 25, the SIT chief wrote to DG&IGP, Rupak Kumar Dutta, and informed him about Kumar's intervention. The state police chief forwarded the letter to Bengaluru Police Commissioner Praveen Sood, ...
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Record iron ore glut of 204 mt to trigger price fall 9.6.2017 All Economy & Policy Stories
Analysts feel the huge domestic surplus together with global iron ore prices entering the bear territory
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Ore extraction cap can be hiked to 37M tn: Mines dept 9.6.2017 TOI: Goa
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High tonnage trucks will hit jobs: GCCI 9.6.2017 TOI: Goa
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Abolished several cesses via budgets in run-up to July 1 GST roll-out: Govt 7.6.2017 All Economy & Policy Stories
However, 7 cesses will continue to be levied on products that are not covered by GST
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Abolished various cesses via budgets to pave way for GST: Government 7.6.2017 ET: Policy
However, seven cesses will continue to be levied under the Goods and Services Tax regime since they pertain to customs or goods which are not covered by it.
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Centre abolishes various cesses for smooth roll-out of GST 7.6.2017 New Kerala: Business India
Centre abolishes various cesses for smooth roll-out of GST
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Centre abolishes various cesses for smooth roll-out of GST 7.6.2017 Sify Finance
[India], June 7 (ANI): The Central Government in the last three General Budgets viz 2015-16, 2016-17 and 2017-18 has gradually abolished various cesses on goods and services in order to prepare the
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