Pandemic takes a toll on non-coal mining leases; six in 2020-21 against 43 in 2019-20

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During the current fiscal, 2020-21, very few non-coal mining leases were allotted. Compared with 43 blocks successfully auctioned in 2019-20, only six leases could be auctioned out so far in the current fiscal, data from the ministry of mines showed. Since the time mining allocation was made mandatory through the auction route in 2015, a […]

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Hutti Gold Mines in Karnataka to triple production in one-and-half years

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India’s only gold producer Hutti Gold Mines plans to triple annual production of the yellow metal to 5,000 kgs in one-and-a-half years, according to Karnataka Mines and Geology Minister Murugesh R Nirani. Nirani, who completes one month in office as cabinet minister in the BJP-ruled Karnataka government, added that due to COVID-19, the revenue from mines […]

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India planning incentives for early commencement of production from auctioned mines

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The government plans to provide incentives to mineral block allocatees for early commencement of production from the auctioned mines, a move aimed at increasing mineral output of the country and reducing imports. The mines ministry plans to do the same through amendment of the mining rules and has sought comments and suggestions from stakeholders on […]

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Many a slip between the cup and the lip; Coal auctions in India for commercial mining further delayed

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India’s latest round of coal-block auctions was all set to kick off on 19 October. However, on 14 October, in an unexpected move, the Centre announced yet another delay in the process. The government will announce the revised schedule “shortly” for the latest auctions, which would, when they happen, become the first following the complete […]

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