Mining Companies
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Passing Of Karnataka Minerals Tax Bill To Hurt Majorly Three Metal Companies
The potential passing of the Karnataka government mineral taxes bill would impact Vedanta, NMDC and JSW Steel.
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Lanco Cuts Down Workforce by 30% Due to Slowdown
According to the latest annual report of the infra major, the group, which had a workforce of 5,700 by the end of March 2013, cut down its workforce to 4,000 by the end of March this year. By the end of FY12, it had nearly 8,000 employees, the report said.
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JSW Energy JV Gets Nod to Raise Capacity of Rajasthan Mine
JSW Energy on Tuesday said one of its joint ventures has received the environmental clearance to increase the annual mining capacity of Kapurdi Lignite Mines to seven million tonnes for a period of four years.
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ICVL Likely to Submit $200 Million Bid for Rio Tinto Mozambique Mines: Report
International Coal Ventures Ltd (ICVL), a consortium of PSU firms for buying mines abroad, is likely to submit a $200 million bid within a fortnight to mining firm Rio Tinto for buying its all three coal mines in Mozambique.
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37 Killed In Attack On Canadian Mining Convoy In Africa's Burkina Faso
An attack on a convoy transporting local employees of Canadian mining company Semafo in Burkina Faso left 37 people dead and 60 wounded on Wednesday, a regional governor said.
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Gupta's South African Mining Assets Attract $215 Million Bid
Project Halo will buy Optimum Coal Mine (Pty) Ltd., for a maximum of 2.8 billion rand, Koornfontein Mines (Pty) Ltd.
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Miners Set to Spend $11 Billion in Search of the Next Jackpot
Miners and investors are poring over satellite images for clues if the sector’s heavyweights are close to a new jackpot discovery.
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75 Trucks Burnt Down By Suspected Naxals In Maharashtra
At least 75 trucks ferrying iron ore from Surajgarh in the Gadchiroli district of eastern Maharashtra were burn down yesterday by suspected Naxals, the police have said.
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Massive $14 Million Diamond Found In Angola
A 404-carat diamond measuring more than seven centimetres in length and valued at more than $14.3 million has been unearthed in Angola, an Australian mining company has announced.
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Mining Baron Janardhan Reddy's Premises Raided by Karnataka Lokayukta Police
Lokayukta Police today raided the premises of former minister and mining baron Janardhan Reddy for alleged illegal mining and possession of disproportionate assets. A 42-member team of sleuths from the anti-graft unit was involved in the operation, a Lokayukta official said.
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Laxmikant Parsekar Refutes Charges About Liaison With Mining Companies
Goa Chief Minister Laxmikant Parsekar on Saturday rubbished opposition Congress' allegations that he was in liaison with the mining companies and dared his critics for a debate on the issue.
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China Industrial Profits Suffer Biggest Drop Since 2011 in August
During August, profits of industrial companies dropped 8.8 per cent from a year earlier, the biggest on-year fall since the NBS began monitoring such data in 2011.
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Coal India Sixth Largest Mining Firm in World: PwC
Coal India Ltd, the country's top dry fuel miner, has become the sixth largest mining company in the world in terms of market capital, according to a report by PwC.
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JSW Energy Q2 Profit Rises 96 Per Cent to Rs 318.63 Crore
JSW Energy on Friday reported a 96 per cent jump in net profit at Rs 318.63 crore for the second quarter that ended on September 30, 2014-15, mainly due to increased power generation at its plants.
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JSW Energy JV Gets Nod to Raise Capacity of Rajasthan Mine
JSW Energy on Tuesday said one of its joint ventures has received the environmental clearance to increase the annual mining capacity of Kapurdi Lignite Mines to seven million tonnes for a period of four years.
-
Passing Of Karnataka Minerals Tax Bill To Hurt Majorly Three Metal Companies
The potential passing of the Karnataka government mineral taxes bill would impact Vedanta, NMDC and JSW Steel.
-
Lanco Cuts Down Workforce by 30% Due to Slowdown
According to the latest annual report of the infra major, the group, which had a workforce of 5,700 by the end of March 2013, cut down its workforce to 4,000 by the end of March this year. By the end of FY12, it had nearly 8,000 employees, the report said.
-
JSW Energy JV Gets Nod to Raise Capacity of Rajasthan Mine
JSW Energy on Tuesday said one of its joint ventures has received the environmental clearance to increase the annual mining capacity of Kapurdi Lignite Mines to seven million tonnes for a period of four years.
-
ICVL Likely to Submit $200 Million Bid for Rio Tinto Mozambique Mines: Report
International Coal Ventures Ltd (ICVL), a consortium of PSU firms for buying mines abroad, is likely to submit a $200 million bid within a fortnight to mining firm Rio Tinto for buying its all three coal mines in Mozambique.
-
37 Killed In Attack On Canadian Mining Convoy In Africa's Burkina Faso
An attack on a convoy transporting local employees of Canadian mining company Semafo in Burkina Faso left 37 people dead and 60 wounded on Wednesday, a regional governor said.
-
Gupta's South African Mining Assets Attract $215 Million Bid
Project Halo will buy Optimum Coal Mine (Pty) Ltd., for a maximum of 2.8 billion rand, Koornfontein Mines (Pty) Ltd.
-
Miners Set to Spend $11 Billion in Search of the Next Jackpot
Miners and investors are poring over satellite images for clues if the sector’s heavyweights are close to a new jackpot discovery.
-
75 Trucks Burnt Down By Suspected Naxals In Maharashtra
At least 75 trucks ferrying iron ore from Surajgarh in the Gadchiroli district of eastern Maharashtra were burn down yesterday by suspected Naxals, the police have said.
-
Massive $14 Million Diamond Found In Angola
A 404-carat diamond measuring more than seven centimetres in length and valued at more than $14.3 million has been unearthed in Angola, an Australian mining company has announced.
-
Mining Baron Janardhan Reddy's Premises Raided by Karnataka Lokayukta Police
Lokayukta Police today raided the premises of former minister and mining baron Janardhan Reddy for alleged illegal mining and possession of disproportionate assets. A 42-member team of sleuths from the anti-graft unit was involved in the operation, a Lokayukta official said.
-
Laxmikant Parsekar Refutes Charges About Liaison With Mining Companies
Goa Chief Minister Laxmikant Parsekar on Saturday rubbished opposition Congress' allegations that he was in liaison with the mining companies and dared his critics for a debate on the issue.
-
China Industrial Profits Suffer Biggest Drop Since 2011 in August
During August, profits of industrial companies dropped 8.8 per cent from a year earlier, the biggest on-year fall since the NBS began monitoring such data in 2011.
-
Coal India Sixth Largest Mining Firm in World: PwC
Coal India Ltd, the country's top dry fuel miner, has become the sixth largest mining company in the world in terms of market capital, according to a report by PwC.
-
JSW Energy Q2 Profit Rises 96 Per Cent to Rs 318.63 Crore
JSW Energy on Friday reported a 96 per cent jump in net profit at Rs 318.63 crore for the second quarter that ended on September 30, 2014-15, mainly due to increased power generation at its plants.
-
JSW Energy JV Gets Nod to Raise Capacity of Rajasthan Mine
JSW Energy on Tuesday said one of its joint ventures has received the environmental clearance to increase the annual mining capacity of Kapurdi Lignite Mines to seven million tonnes for a period of four years.
