Green shoots emerge in withered gold mining sector

Last Updated: Tuesday, June 23, 2015, 12:00

In the first quarter, Paris-based asset manager Carmignac Gestion bought 11.65 million shares of Goldcorp, the highest valued gold mining company, making it the Vancouver-based miner`s eighth biggest shareholder.

Worst not yet over for India's mining sector

Last Updated: Sunday, December 29, 2013, 13:24

While ban on iron ore mining in Goa continued throughout 2013, production of the mineral in Karnataka is yet to stabilise.

BJP holds Congress responsible for Goa`s mining sector crisis

Last Updated: Friday, August 30, 2013, 18:40

The Bharatiya Janata Party (BJP) accused Union Finance Minister P Chidambaram of supporting the cause of Goa mining only after the Centre realised that the ban on exports led to the fall of the rupee.

Economic Survey: Mining sector PSUs post highest rise in net profit in FY12

Last Updated: Wednesday, February 27, 2013, 20:27

However, PSUs operating in manufacturing sector recorded a decline of 22.7 percent to Rs 23,720 crore in their net profit in 2011-12. This was despite a rise of 27.73 percent to Rs 12.10 lakh crore in the turnover during the period, it said.

Budget 2013: Mines Ministry seeks 50% cut in export duty on iron ore fines

Last Updated: Friday, February 15, 2013, 15:41

Ahead of the Budget, Mines Ministry has sought from the Finance Ministry reduction of export duty on low grade iron ore by 50 percent to boost production to enhance export of the mineral.

Banks recasting Rs 1,300 cr loan to Goa mining sector

Last Updated: Monday, December 10, 2012, 18:21

Following the go-ahead by the Reserve Bank, banks have begun restructuring the loans worth around Rs 1,300 crore given to iron ore miners and other stakeholders such as truckers and shipping lines.

Goa government afraid of `unrest` due to mining ban

Last Updated: Tuesday, December 4, 2012, 11:10

Goa can`t afford the social and political unrest that may arise due to the Supreme Court imposed ban on mining, the state`s chief secretary has said in a letter to an apex court-appointed committee.

Output must grow by 10% on average to meet FY'12 target: CIL

Last Updated: Tuesday, December 27, 2011, 15:26

Coal India Ltd (CIL) on Tuesday said its revised production target of 440 million tonnes (MT) for 2011-12 can only be achieved if the output of the public sector firm grows by 10 percent on average in the remaining months of the current fiscal.

No connection between high interest rate and low IIP: Montek

Last Updated: Friday, November 11, 2011, 14:40

Amid India Inc blaming the high interest rate regime for decline in industrial output growth, Planning Commission Deputy Chairman Montek Singh Ahluwalia Friday said there is no connection between the two.

Land Acquisition Bill to affect mining, metal and infra firms

Last Updated: Wednesday, September 7, 2011, 13:05

The proposed Land Acquisition Bill is likely to sharply inflate business costs for companies from the mining, metal and infrastructure sectors, a report by investment banking and institutional brokerage firm Religare Capital has said.