R/€ = 14.50 Change: 0.00
R/$ = 11.74 Change: 0.00
Au 1347.33 $/oz Change: 7.59
Pt 949.50 $/oz Change: -5.25

Ajoy K Das

Only two Indian provinces ready for auction of expiring licences

22nd March 2018 With barely 24 months left before 348 mining leases expire, only two Indian states have been able to submit reports to establish a semblance of readiness to conduct fresh auctions and continuation of operations of these mines without disruptions. The Mines, Minerals Development Amendment Act... 

Goa iron-ore mine closure triggers protests and violence

22nd March 2018 The closure of iron-ore mines in Goa has triggered violence and widespread law and order problems at the start of the week as miners, families and workers from allied industries unleashed protests forcing the police to baton charge the crowd resulting in injuries and arrest of 11 protesters.... 

Political convergence emerging against commercial coal mining in India

19th March 2018 Trade unions operating in the India coal mining industry, irrespective of their political affiliations, are converging in opposing opening up coal mining for private miners, although their modes of protest form will differ. At one end of the opposition brewing up against opening up commercial... 

Iron-ore mines in Goa close down

15th March 2018 Iron-ore mining in the western Indian coastal province of Goa came to a halt on Thursday in accordance with an order issued by the Supreme Court last month. However, even as miners downed shutters and evacuated equipment from mines, on Wednesday night a Goa government Cabinet Committee... 

India’s Power Ministry seeks higher railway rakes count to avoid coal shortages

13th March 2018 With power demand poised to peak during the summer months and coal shortages at thermal power plant looming large, the Power Ministry is seeking a sharp rise in the availability of rakes for coal transportation from government-owned and -operated Indian Railways. In the course of meetings between... 

India, Venezuela to deepen hydrocarbon sector collaboration during Maduro’s New Delhi visit

28th February 2018 India and Venezuela will push for deeper engagement and joint ventures (JV) in the hydrocarbon sector during Venezuelan President Nicolas Maduro’s visit to New Delhi next month. Despite US sanctions against the Latin American nation, New Delhi is expected to follow its “own balanced and pragmatic... 

ONGC blames policies for Krishna-Godavari delay

27th February 2018 India’s national exploration and production (E&P) major, ONGC has said that it would miss the June 2019 deadline to start production from its deep-water Krishna-Godavari (KG) oil and gas block on the east coast. In a regulatory filing, ONGC cited changes in government policy as the reason for... 

CIL revives ‘own-your-wagon’ plans

27th February 2018 Acknowledging transportation and logistical bottlenecks as large contributing factors to dry fuel shortages at end-users plants, Coal India Limited (CIL) is drawing up plans to acquire its own railway wagons. The five-year plan will entail CIL acquiring its own wagons to transport coal to thermal... 

India sets deadline for commercial coal block auctions

26th February 2018 Close on the heels of opening up commercial coal mining for private investors last week, the Indian government has set a 2019 deadline for completing the auction process. While government officials remain tightlipped about the number of coal blocks that will be up for auction in the first... 

Indian govt pushing for JVs to acquire overseas battery mineral assets

23rd February 2018 The Indian government is considering pushing government-owned mining and mineral processing companies to form joint ventures (JV) to acquire strategic assets overseas. Senior official say that JVs will not only combine the mining expertise of these companies across various minerals, but also... 

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