Shifting away from coal mining, Chhattisgarh state experiments with developing forestry flora

For decades, mining has eaten into the forests of mineral-rich Chhattisgarh. But as the state moves away from opening coal mines, authorities have introduced measures to boost output of forest goods – from tamarind to cashew nuts and medicinal seeds. In the forests of Bastar in Chhattisgarh, women have been busy plucking the tan-coloured fruits […]

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Captive mines can now sell half their minerals in open market; govt removes end-use curbs to lure investments

The mines ministry has amended the mineral auction rules to remove end-use restrictions for mines to be allocated in future through the competitive bidding route, a move that is expected to enhance production and attract private investments into the sector. “The state government shall not reserve any mine for captive purpose or any specific end […]

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India imports bauxite worth Rs 390 crore in the first quarter of FY 22: IIVCC

In the first quarter of FY22 until June 10, India’s bauxite imports totalled $ 51.97 million (Rs 390 crore), with a significant share going to the participants in the value chain of extraction, transportation, processing and supply of bauxite and its end output, informed Indian Industrial Value Chain Collective (IIVCC). The IIVCC group represents organizations involved […]

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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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Nalco plans Rs 30,000-cr investment for expansion, diversification by FY28

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State-run aluminium maker Nalco will invest around Rs 30,000 crore by financial year 2027-28 on various expansion and diversification plans. Of this proposed investment, the company will spend over Rs 7,000 crore on a fifth refinery, development of Pottangi bauxite mines and transportation and Utkal D&E coal mines. The remaining Rs 22,000 crore will be […]

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