Lower environment risks for investors during second round of auction for commercial coal mining

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The Union coal ministry is planning to offer 64 new mines, with reserves of 30,505 million tonnes of coal, for the second tranche of the commercial coal auctions. To allay the fears of investors regarding environmental norms, the government has excluded mines falling in wildlife reserves and blocks in areas where there is more than […]

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India’s mines ministry plans stern measures to streamline iron ore supply

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With shortfall in production and supply of iron ore from a large number of mines auctioned before expiry of leases on March 31, 2020, India’s mines ministry has proposed amendment in Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules (MCR), 2021 which prescribes stricter conditions against defaulting leaseholders. The draft amendment of […]

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India plans to end iron ore leases of mines which have failed to start operations even after 7-8 months of auction

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India’s ministry of mines has proposed to terminate the iron ore leases of those working mines that have not started production even after 7-8 months of auction. Those mines  which have not maintained minimum dispatch for three consecutive quarters are also sought to be terminated from the lease. The mines ministry proposed to do so […]

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Origo to unveil e-auction platform in February; planning to cover three more states

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Gurugram-headquartered agri-tech startup Origo Commodities, primarily known for post-harvest agriculture supply chain management specialization, is getting ready to add major digital components to its operations before the end of the current fiscal. Speaking with indoasiancommodities, Sunoor Kaul, Co-Founder & Director of the firm said the company is all set to unveil a dedicated e-auction and […]

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