The Maharashtra state onion growers’ association (MSOGA) has urged the central and state governments to procure onions directly from farmers at Rs 2,000 per quintal. The demand has been made as several market committees in the state are still shut and the wholesale prices of onions have dropped to Rs 500-600 per quintal. The association […]
United Planters’ Association of Southern India (UPASI), the apex body of planters in south India, gave a representation to the Union government and commodity boards for immediate support to tide over the crisis caused by the lockdown imposed to control spread of COVID-19. In a report prepared by UPASI, the association said that the lockdown […]
The auctioning of mining leases in Odisha has begun and is almost half way through. The current auction of mining leases marks the end of the existing regime and the beginning of a new, anxiety-laden era. The Mines and Minerals (Development and Regulation) Act was amended in 2015, extending the life of leases of both […]
To securitise its iron ore requirements, ArcelorMittal Nippon Steel (AMNS) is participating in the ongoing auctions of iron ore mines in Odisha, PTI reports. ArcelorMittal Nippon Steel India (AMNS India) is a 60:40 joint venture between L N Mittal-owned ArcelorMittal and Japan-based Nippon Steel Corporation. “We are participating in ongoing auctions of mines in Odisha,” […]
The bidding of coal mines for commercial purposes may get further delayed as issues such as base price for the auction are still undecided. According to industry watchers, the debate is whether the Coal India notified price for certain grades of coal can be an appropriate scale to set the auction base price for these […]
The auction of coal mines under the eighth, ninth and tenth round has come to a close with winning bid prices reflecting the significant variation. The highest winning bid amount from among all mines bid out, at Rs.1,674 per tonne, has been quoted for the Jamkhani coal mine in Odisha by Vedanta Limited. Prakash Industries’s […]
Delays in auctions of mining leases that are due to expire in March 2020 are threatening to disrupt the country’s production of the key steel-making raw material and raising the prospect of higher imports, according to the Federation of Indian Mineral Industries. The industry group isn’t alone in its prognosis. Citigroup Inc. last month forecast […]
Investment in coal has been declining as both global mining corporations and international banks try to address the climate crisis. Rio Tinto has exited the thermal coal business—that is, coal used in power plants. Both Anglo American and BHP are said to have begun the process of divesting their thermal coal assets. Earlier this year, […]
As many as 100 virgin mineral blocks across the country are ready for online auctions, said Union minister for mines, rural development, parliamentary affairs and Panchayati Raj Narendra Singh Tomar. “So far, 53 mines have been auctioned. The electronic auction of these assets has brought in incremental revenue of Rs 1.43 trillion to states. The additional revenue […]
The new pan-India electronic auction for tea will go online from Tuesday despite apprehensions of the industry which raised issues about the proposed system. Tea Board officials said the government agency had been in discussions with the industry for several months and had incorporated their suggestions into the new system, which will allow buyers registered […]
