Mines auction likely from Oct-Nov; Centre clears 58 blocks

Last Updated: Friday, August 7, 2015, 20:05

The much-awaited auction of mineral-bearing mines, including with iron ore and bauxite, is expected to start from October-November with the Centre handing over a list of 58 explored blocks to 12 producing states.

1st phase of mines auction in 12 states from Oct-Nov

Last Updated: Friday, August 7, 2015, 19:06

The first phase of mines auction in the 12 mineral producing states is expected to begin from October-November this year, Mines Secretary Balvinder Kumar said Friday'.

Centre, states to discuss mine auction, DMF at CCEC meet on Tuesday

Last Updated: Monday, August 3, 2015, 16:11

The Coordination-cum-Empowered Committee CCEC, which is chaired by the Mining Secretary, will also discuss ways to encourage exploration of minerals as well as the status of framing the rules for minor minerals.

Vedanta Aluminium plans restructuring; stops ramp ups at plant

Last Updated: Friday, July 31, 2015, 17:57

Mining conglomerate Vedanta Resources on Friday said it is planning to restructure high-cost operations in aluminium segment and has suspended ramp-up at its plant due to volatile commodity market.

Rajesh Exports acquires world's largest gold refining firm Valcambi for Rs 2,560 cr

Last Updated: Monday, July 27, 2015, 17:43

Rajesh Exports, the world's largest gold jewellery maker, Monday announced the acquisition of Switzerland-based gold refinery Valcambi for USD 400 million to gain access to raw materials at lower prices.

Vedanta says its Cairn India buyout offer is fair

Last Updated: Thursday, July 23, 2015, 21:27

Mining and energy group Vedanta Limited said on Thursday its offer to buy out minority investors in Cairn India was fair, dismissing reports that opposition from some small shareholders, including former owner Cairn Energy , could scupper the deal.

BHP Billiton's iron ore production rises but gas slips

Last Updated: Wednesday, July 22, 2015, 13:05

The Anglo-Australian firm said ore output for the three months to June rose by six percent from the same period last year.

Adani suspends contractors on biggest Australia coal project: Report

Last Updated: Wednesday, July 22, 2015, 10:07

"Adani has suspended two major contractors on its Queensland coal project, raising fresh speculation about the company's ability to finance Australia's largest coal mine," the Sydney Morning Herald reported.

Vedanta hopeful of resuming iron ore mining in Goa by Oct

Last Updated: Saturday, July 11, 2015, 19:20

Billionaire Anil Agarwal-led mining firm Vedanta Ltd Saturday said it is hopeful of restarting iron ore mining in Goa from October.

Simon Wandke becomes ArcelorMittal Mining CEO

Last Updated: Friday, July 10, 2015, 23:46

He has also been nominated as ArcelorMittal's Executive Vice President.

Coal scam: Ex-Coal Secy H C Gupta, 2 others summoned as accused

Last Updated: Monday, July 6, 2015, 19:56

Former Coal Secretary H C Gupta and two others were Monday summoned as accused in a coal scam case by a special court, which noted that the bureaucrat had prima facie facilitated allocation of a Madhya Pradesh coal block to Pushp Steels and Mining Pvt Ltd resulting in loss to the government.

Coal scam:Court summons ex-coal secy, firm director as accused

Last Updated: Monday, July 6, 2015, 12:06

Special CBI Judge Bharat Parashar took cognizance of the charge sheet filed by CBI in the case pertaining to alleged irregularities in allocation of a coal block to the accused firm in Chhattisgarh.