User: anshuman Topic: Mining
Category: Mining
Last updated: Apr 20 2018 13:52 IST RSS 2.0
 
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Metal and mining stocks decline as copper prices fall 20.4.2018 Top Stories
Key indices moved in a small range in negative zone in mid-morning trade. At 11:19 IST, the barometer index, the S&P BSE Sensex, was down 48.83 points or 0.14% at 34,378.46. The Nifty 50 index was down 23.45 points or 0.22% at 10,541.85. Shares ...
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Officials asked to comply with NGT order on coal mining: Conrad 20.4.2018 The Assam Tribune
Officials asked to comply with NGT order on coal mining: Conrad
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Shivakumar’s assets up by 188%, Yeddyurappa’s 12% since 2013 20.4.2018 Hindu: Policy & Issues
While the Energy Minister is facing 2 cases, Congress candidate for Vijayanagar Anand Singh has 16 cases against him
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Illegal mining: Order quashing action against officials stayed 20.4.2018 Hindu: Health
The Karnataka High Court on Thursday stayed the order of the Karnataka State Administrative Tribunal (KSAT), which in April 2017 had quashed the Gove
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Alrosa plans rough diamond trading in India, seeks reduction in 40% tax 19.4.2018 Business Standard: News Now
Alrosa sells around 16 per cent of its annual rough diamond output directly to India through its 15 long-term and 140 spot and auctions clients
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DeBeers rolls out app to clean up Sierra Leone diamond supply chain 19.4.2018 General News
JOHANNESBURG (Reuters) - Global diamond giant De Beers is rolling out an app to help small-scale, artisanal diamond miners in Sierra Leone certify that gems they pry from the soil are legal, the Anglo American unit said on Thursday.
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Karnataka Election 2018: List of BJP Candidates 19.4.2018 NDTV News - South
A week after the BJP released its first list of 72 candidates for Karnataka Assembly Elections 2018, the party announced another 82 candidates on April 16.
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Env Min frames new draft coast regulation rules 19.4.2018 General News
The Environment Ministry has framed new rules governing the country's coastline in which it has proposed expanding land area for development activities and tourism infrastructure while also simplifying the procedure for CRZ clearances. The ministry has framed a new draft Coastal Regulation Zone (CRZ) Notification, 2018. The draft notification has been uploaded on the ministry's website and comments sought from the public within 60 days. The ministry, in a statement, said it had constituted a committee under the chairmanship of Shailesh Nayak to examine the concerns of coastal states and UTs and various other stakeholders and to recommend appropriate changes in the CRZ Notification, 2011. The report submitted by Nayak has been examined in the ministry and consultations held with various stakeholders in this regard, it said. Under the new draft, CRZ limits on land along the tidal influenced water bodies has been proposed to be reduced from 100 meters or the width of the creek to 50 ...
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BJP's Yeddyurappa, others files nominations for Karnataka polls 19.4.2018 All News-IANS Stories
BJP Chief Ministerial candidate for the May 12 Karnataka Assembly polls, B.S. Yeddyurappa, on Thursday filed his nomination papers from Shikaripura segment, a party official said.
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Gold prices rise on firm global cues, silver tops Rs 40,000 mark 19.4.2018 Business Standard: News Now
Silver prices went up sharply on Wednesday, following a rally in metals, led by aluminum and nickel. After the American sanctions on Russian oligarchs and a large aluminium mining company on April 5, metal prices were on fire and silver also outperformed gold during the period, albeit slower than base metals. Traders in the gold to silver price ratios have turned to silver; many physical market players have also built positions in silver. On the Multi Commodity Exchange, a bearish position in the gold:silver ratio is created by buying silver and selling gold in the proportion of the prevailing ratio at the time of betting.After imposition of sanctions, silver's price in the Mumbai market went up by almost six per cent to close on Thursday at Rs 40,160 a kg -- the rally since Wednesday was 2.3 per cent. Standard gold went up 1.5 per cent during the period but was almost stable from Wednesday, up only 0.1 per cent to close at Rs 31,290 per 10g.The ratio of the price of gold to silver, ..
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No illegal mining in Meghalaya: Conrad 19.4.2018 Meghalaya Times

Staff Reporter
SHILLONG, April 19: Chief Minister, Conrad K Sangma has maintained that there is no illegal mining that is going on in Meghalaya.
“There was reassessment done for the coal because we have seen transportation is taking place but illegal mining is not going on in the state,” Conrad said after the assembly session on Thursday.

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Lyngdoh opens Pandora’s Box on illegal coal mining 19.4.2018 Meghalaya Times

Staff Reporter
SHILLONG, April 19: Congress MLA from Umroi George Bankyntiew Lyngdoh has questioned how a ‘bunch of crooks’ keeps outsmarting the state government while claiming that illegal coal mining operations are taking place in South West Khasi Hills district, leading to leakage of revenue from the transportation of extracted coal.
Moving a call attention motion during the Budget session here on Thursday, Lyngdoh drew the attention of the state government to the alleged rampant illegal coal mining reported in South West Khasi Hills District even as he expressed concern over five points which include illegal rat-hole mining, forcing of children to work as coal labourers, negative impact of mining on the environment, overloading of coal trucks and circulation of fake challans.

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BJP decries Cong's attempts to 'destabilise' Goa govt 19.4.2018 General News
The Goa BJP executive committee today denounced the "attempts of the Congress and vested interests" to "destabilise" the BJP-led coalition government at a time when the state is trying to cope with the scenario arising out of the closure of mining operations. In a political resolution adopted at the executive committee meeting held here, the BJP said the Congress was not only "frustrated" but is "bereft" of issues to raise against the state government. The Goa Forward Party, the Maharashtrawadi Gomantak Party, and Independents are the constituents of the coalition government headed by Chief Minister Manohar Parrikar. "No attempt by the opposition Congress and other vested interests can destabilise or deviate the present government from its agenda of development," said the resolution. The BJP also congratulated the state government for completing one year in the office. The resolution said the state administration was working efficiently irrespective of the health ...
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Environment Ministry frames new draft Coastal Regulation Zone Notification 19.4.2018 Govt of india: PIB
The Ministry of Environment, Forest and Climate Change (MoEF&CC) has framed a new draft Coastal Regulation Zone (CRZ) Notification, 2018.   The draft notification has been uploaded on the Ministry’s website on April 18, 2018.
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Environment Ministry frames new draft Coastal Regulation Zone Notification 19.4.2018 General News
The salient features of the draft CRZ Notification, 2018 and changes with respect to CRZ Notification, 2011, are as under:-
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Russian diamond firm launches office in Mumbai 19.4.2018 General News
Russian diamond mining major Alrosa on Thursday announced the launch of its representative office at Bharat Diamond Bourse in Mumbai.
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Metal stocks shine bright; surge up to 9% 19.4.2018 General News
Metal stocks led by Hindalco Industries today surged up to 9 per cent, aided by rising global commodities prices. Shares of Hindalco Industries soared 9.13 per cent, National Aluminium Company 8.98 per cent, Vedanta 6.69 per cent and JSW Steel 4.26 per cent on BSE. Among others, SAIL rose 4.20 per cent, Jindal Steel & Power 4.04 per cent, Tata Steel 3.17 per cent, Hindustan Zinc 1.93 per cent and NMDC 1.75 per cent. Led by the sharp rally in these stocks, the BSE metal index surged 4.46 per cent to end at 14,828.33. "Metal stocks led the market higher against the backdrop of easing trade war concerns and higher metal prices," said Anand James, Chief Market Strategist, Geojit Financial Services. "Commodities stocks gave a fillip to the markets as global commodities, including crude and metals witnessed a sharp rally, thereby boosting sentiment in regional equities," said Abhijeet Dey, Senior Fund Manager-Equities, BNP Paribas Mutual Fund.
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Nifty ends above 10,550-mark, up 39 points on global cues 19.4.2018 General News
The NSE Nifty rebounded by 39 points to finish at 10,565.30 today following fresh buying in metal, IT, infra, realty, media, FMCG and pharma sectors. Investors sentiment was optimistic ahead of quarterly earnings of some key companies, including TCS. Metal and mining stocks were in demand as copper prices rose in global commodity markets, but the sharp correction in oil retailers capped the upside. Overseas, most European shares rose as soaring oil prices triggered a broader rally across commodities. Asian stocks rose, building on gains a day earlier, with oil prices at three-and-a-half year highs. The broader Nifty 50 index rose 39.10 points or 0.37 per cent to end at 10,565.30, its highest closing level since February 26, 2018, after moving in a range of 10,572.20 and 10,546.20. It witnessed an intra-day movement of about 26 points. Sector-wise, Metal climbed by 4.52 per cent, followed by IT 1.14 per cent, Infra 1.01 per cent, Realty 0.64 per cent, Media 0.56 per cent, FMCG ...
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Alrosa looks to strengthen ties with Indian manufacturers 19.4.2018 General News
Russian diamond mining company Alrosa, which has set up its representative office in the city, is looking at increasing direct clients and plans to launch its own brand of diamonds by the end of this year. "We have 15 long term direct contracts with diamond manufacturing companies in India and after setting up this office in India, which will mainly be for marketing activities and information, we will work towards increasing our long term direct client base in India," Evgeny Agureev, member of the executive committee and director of the United Selling Organisation of Alrosa told reporters here. He said, Alrosa is also planning to launch its own brand by the end of this year. Other mining companies have brands, including Rio Tinto's Nazraana and De Beers Forevermark. The Russian mining company will also work closely with industry body Gem Jewellery Export Promotion Council, RBI and the banks to create a conducive atmosphere for the industry in India, Agureev said. "We ...
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Honeywell announces expansion of its Pune facility 19.4.2018 General News
Honeywell today said it will expand manufacturing capacity of its Fulgaon facility in Pune to meet increased local and global demand of automation solutions. The expansion would be by way of doubling operational space to 151,000 square feet, the company said in a statement without giving any cost estimates. Originally built in 2014, the facility integrates advanced engineering, testing and manufacturing of equipment for the process industries such as refining, oil and gas, pulp and paper, power generation, chemicals, life sciences, and metals, minerals and mining. In addition, it offers a customer integration centre, thermal solutions and smart metering factories, and a Honeywell Intelligrated demonstration centre. The centre provides an immersive experience by letting customers interact with technologies that make manufacturing safer, more secure, comfortable and energy efficient. "The expansion of our plant allows us to now commercialise new technologies that are researched and ...
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