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AUCTIONED MINES OPERATIONALISATION
Not a minor issue! Andhra CM N Chandrababu Naidu raises Major Laterite Matter with CentreAndhra Pradesh Chief Minister N Chandrababu Naidu has raised concerns over a recent Union government policy change. This change reclassifie...- India's mine block operationalisation picks upIndia’s mining sector has seen a sharp acceleration in both auctions and operationalisation of mineral blocks in recent years, according to...
- Union mines ministry launches 2nd tranche of e-auction for 12 limestone blocks in Jammu & KashmirThe Union Ministry of Mines has launched the second phase of e-auctions for twelve limestone blocks in Jammu and Kashmir. This initiative a...
- India must speed up domestic resource production amid global supply risks: VedantaAmid rising geopolitical tensions around the Strait of Hormuz and growing global competition for critical minerals, Vedanta Group has said ...
- Govt says 101 mineral blocks started operations since auction regime began in 2015India's mines ministry announced 101 mineral blocks are now operational. This achievement follows the 2015 auction system. The ministry wor...
- ITC to conclude Rs 3,498-crore Century Pulp buy next weekThe transaction will be concluded next week after certain leases are transferred from Aditya Birla Real Estate, which houses Century Pulp a...
- Hindustan Zinc plans to double output by 2030, may revive demerger planIn 2023, the board of Hindustan Zinc had proposed splitting its business into different verticals, but the plan was opposed by the Governme...
- Government announces Rs 5K cr incentive for states to expedite mining blocks' auction, operationalisationIn an effort to boost the mining sector, the government is allocating a substantial Rs 5,000 crore to states that enhance the efficiency of...
- Coal stock adequate for 90 days available: Union Coal Minister Kishan ReddyIndia now holds over 200 million tonnes of coal, enough for 90 days, a significant increase from previous stock levels. The nation achieved...
- Punjab launches auctions for mining sites across statePunjab has initiated new auctions for mining sites. Reforms to the auction system are now in place. The government aims for transparency an...
- Parliamentary panel flags delays, seeks priority for clearances for critical mineral projectsA Parliamentary Panel has highlighted delays between mine auctions and their operationalisation. It recommends an inter-ministerial committ...
- Centre offers incentives for speedier mine operationalisationNew rules aim to speed up mine operations. Intermediary timelines and penalties are introduced for delayed production. Incentives like redu...
- Mines ministry aims for 115 mineral block auctions by FY25, but slow approvals delay operationalisationThe mines ministry has successfully auctioned 100 mineral blocks this financial year, aiming for 15 more by year-end, potentially surpassin...
- Quarterly review in the works for auctioned mines to begin operations fastThe Centre has initiated a quarterly review mechanism to expedite the operationalisation of auctioned mines, addressing delays in environme...
- First revision in performance bank guarantee upon grant of coal mine opening permission: GovtAs per the provisions of the tender document, PBG to be submitted for each successfully auctioned coal mine is to be revised annually based...
- Faster coal mine operationalisation to reduce import; prevent forex expenditure: M Nagaraju"We have auctioned till now 98 (coal) blocks out of that 33 are operational... So, the task before us specially before mine allocatees, the...
- Next round of commercial coal mine auction in January, says Coal MinisterThe statement assumes significance as of the total 35 coal mines successfully auctioned in the last 10 tranches of auction, only 14 blocks ...
- Auction of mineral blocks with pre-embedded clearances to attract huge investments: FicciThe auction of mineral blocks with pre-embedded clearances is another significant reform taken by the government, Ficci Mining Committee Co...
- Centre launches project monitoring unit for early operationalisation of coal blocksThe step will help promote ease of doing business in India as it will facilitate coal mines allocatees to obtain timely approvals for opera...
- Auction process transparent, will not return to first-come,first-served: Pralhad Joshi"We will not be able to go back to first-come, first-served basis. The law of land is very clear," Joshi said.
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