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NON CAPTIVE MINES
Time to adopt a tactical perspective? 6 metal stocks, 4 with an upside potential of up to 14%In metal stocks, ‘buy, forget, and return after five years’ is not the best strategy to adopt. The sector is cyclical, global, China- and t...- Captive, commercial coal blocks output surged 27 pc to 147 MT in FY24: Pralhad JoshiIn FY 2023-24, New Delhi coal production grew by 27% to 147 MT. Power sector mines increased by 19%, non-power by 63%, and commercial by 93...
- Government looking to address 'issues, shortcomings' in fixation of average sale price of mineralsThe government has also sought suggestions from various stakeholders to overcome the issue till the National Mineral Index (NMI) is formula...
- Cabinet approves mining reformsThe amendments, now to be laid before Parliament in the Budget session, do away with distinction between captive and non-captive mines, all...
- FIMI urges Centre to continue with present system of average sale price by IBMMiners' body FIMI has urged the Centre to continue with the present system of average sale price published by Indian Bureau of Mines (IBM) ...
- FIMI urges ministry to continue with the system of Average Sale Price published by IBMNMI is expected to form the basis of all statutory payments in mining such as auction premium, royalty, District Mineral Foundation (DMF) a...
- FM Nirmala Sitharaman unveils reforms in mineral mining sectorShe said 500 blocks of minerals will be auctioned in a composite exploration-cum-mining-cum-production regime. Also, a joint auction of bau...
- States asked to begin auction of 348 mining leases near expiry next yearIt is of utmost importance that an action plan for auctioning these mining leases is prepared at the earliest, the ministry said, adding th...
- Captive mine lease holders have right of first refusal: GovernmentHe said that industry body Federation of Indian Mineral Industries (FIMI) had raised the issue for extending the non-captive mining leases ...
- Parliament paves way for transfer of previously allotted captive non-coal minesParliament on Monday cleared amendments to MMDR Act to enable transfer of previously allotted captive non-coal mines.
- Bill to amend the Mines and Minerals Act introduced in Lok SabhaA Bill to amend the Mines and Minerals Act to include the provisions of allowing transfer of captive mines granted through procedures other...
- Odisha gets Rs 895 crore by signing supplementary lease deeds: Steel and mines minister Prafulla Kumar MallickThe new MMDR Act, 2015 allowed extension of lease period of captive mines by 15 years, while the non-captive mines were allowed to operate ...
- Odisha government approves reopening of seven more minesThe Odisha government's inter-departmental committee on mining today approved reopening of seven more mines as per provisions of the Mines ...
- Tata Steel's lapsed Sukinda chromite mine may get an extensionMines and Minerals Act that the government introduced this January granted captive mines a lease period extension of 15 years.
- Odisha state panel to decide on Sukinda mine's captive status next weekThe question before the committee when it meets, though, will be whether to extend its lease, last running as a merchant mine, as non-capti...
- Mining lobby urges Odisha to operate 18 closed unitsIn view of the Mines and Minerals (Development and Regulation) Ordinance, 2015, of the Centre, the Eastern Zone Mining Association (EZMA), ...
- Mixed reaction from industry on mines ordinanceSteel makers today welcomed mines ordinance while some core mining firms alleged that unfair treatment has been metted out to them by givin...
- Coal Mines Nationalisation Act was an ill-conceived lawThe Coal Mines Nationalisation Act of 1973 was an ill-conceived law that made mining of coal the monopoly of the central government.
- FIMI urges Centre not to impose blanket ban on iron ore exportThe Federation of Indian Mineral Industries (FIMI) has urged the Centre not to impose a blanket ban on the export of iron ore.
- Centre plans to cancel coal mines if projects get delayedDelays in implementation of projects may now cost steel and power companies their captive coal mines.
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