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MINING LEASE LICENCE
Gold rush missed: Can India dig its way out of import dependence?India's significant gold imports, exceeding 800 tonnes in 2024 while producing only 2 tonnes, highlight a missed opportunity. Learning from...- Deccan Gold Mines shares soar 23% in just two days. What’s fuelling the rally?Deccan Gold Mines shares surged 23% in two days after the company reported discoveries of nickel, copper and palladium mineralisation at it...
- 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...
- Rules allowing inclusion of contiguous mining area notifiedNew rules allow mining lease holders to expand their areas. This applies to deep-seated minerals and associated minerals. The contiguous ar...
- Miners may lose lease on failure to start in 2 yearsIndia is set to introduce tougher rules for mineral block auctions. Leases may be cancelled if production does not begin within two years. ...
- Karnataka, Rajasthan begin auction of exploration licences for critical mineralsKarnataka and Rajasthan have initiated the auction of Exploration Licence (EL) for critical and deep-seated minerals. The move, the first o...
- Centre gives one month relaxation in timelines for critical mineral auctionsThe government recently listed 24 minerals as strategic and critical for the country. These include graphite, molybdenum, lithium and plati...
- As many as 76 mineral blocks auctioned in 2023: GovtThe government announced the auctioning of 76 mineral blocks in 2023, with 30 for mining lease and 46 as composite licenses. Madhya Pradesh...
- Centre proposes cap on performance security and upfront amount to auction critical and strategic mineralsThe Mines Ministry aims to boost mining company participation by proposing caps on performance security and upfront amounts for critical mi...
- Dispute over Saruabil Mine delays Tatas from being declared winnerAfter Tata Steel unit emerged as highest bidder, Misrilall Mine approached the Orissa High Court against denial of licence extension to it,...
- HC asks state to let Misrilall Mine match highest bid to retain Saruabil MineMisrilall Mine, which has been mining it for the past 65 years, had approached the Orissa High Court against denial of a licence extension ...
- Centre amends licence rule to check illegal miningThe Centre has resorted to a multi-pronged strategy including setting up of an Inquiry Commission and asking states to make action plans to...
- Crack-down on mining: Goa to cancel 40 licensesChief Minister Manohar Parrikar today said in the state Legislative Assembly that all the 40 licences would be cancelled within two weeks.
- Vedanta’s Raykal deal hinges on L&T winning mining leasesVedanta has the option to acquire 100% in Raykal, only if L&T’s prospecting licence gets converted into a mining lease.
- Was pressured by Koda on mine licences: Ex-J’khand mines secyMr Madhu Koda’s favourite bureaucrats are already under scanner of the IT officials following the former Jharkhand chief minister’s involve...
- Koda showed undue haste in issuing licences’Some of the favourite bureaucrats of former chief minister of Jharkhand Madhu Koda are already under scanner of I-T officials following his...
- Miners get new lease of life in fresh normsA mining lease that is not renewed or cancelled by a state government in the two years to its expiry may be extended for 20 years, benefitt...
- Mining lease renewal in auto mode, panel to study optionsThe central government plans to clip the powers of states diverting from the principle of providing automatic extension to any proposal for...
- Government allows companies to trade mineral licences freelyThe new policy has proposed a major change by way of decoupling mineral lease licences.
- Practical step to spur mining investmentThe new National Mineral Policy is finally on course for implementation this year.
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