Its Time to Tighten Ties – Part 7

India and Poland’s Mining ties One of the recent troubles that the Indian Mining Sector faces is to do with its Coal production. Coal production is slowing down owing to a dearth of underground mining technology, diminishing recovery rates and sluggishness in mining practices. In 2014, to add fuel to the fire, the Supreme Court of India canceled 204 coal mines earmarked for governments and private companies because of the rampant illegalities. But with demand for Coal high, India has to rely heavily on imports. So in the background of such a dismal picture the offer of a hand of …

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Its ​Time to Tighten Ties – Part 6

India and Morocco – A Mining Partnership Hitherto we have been exploring partnerships with bigger players, where India had looked for investors and sought to benefit from their expertise. But we must also know that for growth, India also needs partnerships where it is the bigger player. India can partner with smaller resource rich  countries where Indian mining companies can invest and get returns; where Indian experts can share their expertise to uplift another economy. The partnership with several African countries falls in to this category. India with it’s huge population is one of the biggest consumer markets and it’s …

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Its Time to Tighten Ties – Part 5

India and Russia partnership in Mining If there was an all-weather friend and partner who has stood by Independent India in all these decades since India became a nation, it is surely the receptive Russlans to it’s right! Russia and India’s ties are as strong and old as is the country India. The Old friends have been actively partnering across all areas like defence and security, education and trade. Both are part of the BRICS group and Russia’s economy has made huge strides forward  in the last few years and it’s partnership with India has economic growth of both the …

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Its Time to Tighten Ties – Part 4

Scope of a Mining Partnership between India and Canada Goldcorp, a leading gold production company in Canada decided to try something new in the early 2000s. The company released it’s proprietary geological data in the public domain and called for the people to respond to the challenge of ‘virtual prospecting’ in order to identify undiscovered reserves. The result? – the discovery of 110 new exploration targets.  This ability to step out of the box and innovate is one of the reasons why Canada is a global leader in Mining. Canada’s mining Industry like Australia’s is highly advanced and Canada has …

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Its Time to Tighten Ties – Part 3

India and South Africa – Mining Partnerships In the last part of this series on tie-ups, we explored the potential of a partnership between the Indian Mining sector and Australia’s. In this blog we are going to see what lessons and benefits the Indian mining industry can gain from co-operating with yet another one of it’s geological brothers – South Africa. Like Australia and India, South Africa was also part of the Gondwana basin in the Paleozoic era and has a rich geological profile quite similar to India . But the dynamic between the mining industry in India and South …

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Its Time to Tighten Ties -2 India & Australia

India and Australia – Partnership Potential in Mining When we look at countries that have a high potential for collaboration with the Indian mining industry, the first one that vies for attention is the stalwart in the south – Australia. Australia is undoubtedly a global leader in the minerals industry. Its abundant mineral reserves, skilled professionals and cutting edge technology have put together a robust mining industry that contributes to more than 8 % of the country’s GDP and 60 % of it’s exports.  India and Australia share a geological history that goes back to 180 million years when they …

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It’s Time to Tighten Ties – 1

Introduction – Why the Indian Mining sector needs Global partnerships? Over the past few years, we at responsiblemining.in have been watching the Mining space in India keenly, sometimes with hope and excitement and sometimes with consternation and concern. The huge potential that the sector holds sparks excitement but the lack of initiative to propel growth precipitates worry. Our mandate therefore has been to draw attention to the glaring gap between the potential and the actual growth of the mining Industry in India and to scout for ways to shrink it.  In our previous blogs, we have often focussed on the …

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Mining more than specified means paying additional royalty

The ruling by a division bench comprising chief justice Hrishikesh Roy and justice AK Jayasankaran Nambiar that the mining lease holders who have paid consolidated royalty to the state government do not have the right to extract minerals above the quantity specified in the lease agreements smacks of ignorance about the industry. It is for this reason perhaps that the Madras High court appointed Amicus Curiae to assist them. The fact that this so called expert who is supposed to be objected played the role of an activist is a matter of concern. Given all this the bench has to …

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To make in India you need to mine in India

Vertical gardens and home gardening kits are making inroads to help citizens to grow their own food and be self sufficient. The Make in India initiative is getting a fillip now. Make in India with was always the question? While we had all the resources poor implementation and government interference led to manufacturers relying on imports of raw material for manufacture. Take the paint manufacturers who import TIo2 when we have enough of it lying on our beaches. It is such oppressive policies that had made the mining sector which is the bedrock for the industry to contribute a merely …

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Industry status for Mining Sector will mount more burden.

Finders keepers. Sounds very reasonable indeed. The Indian government will grant reconnaissance permit (RP) holders a ‘first right of refusal’ should the mineral block be put up for auction. The first right of refusal will be given to the RP holder if it has established evidence of minerals. This move will help the sentiment of the investors who are likely to show interest in the mining blocks. This recognition will help the RP holders stay away from objecting to competitors who bag mineral blocks that they have established deposits on. This approval is part of the National Mineral Policy 2019, …

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