It’s Time to Tighten Ties – Part 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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The Rudderless coal mining policy

The NDA government started the re-allocation of coal mines through “transparent” e-auctions, post the Supreme court cancellation of all the old allocations in August 2014. This has been a futile exercise in achieving the objective of increased coal production. Today most of the southern coal powered thermal plants are starved of critical regular supplies of coal for its thermal power plants. However, it has been another successful experiment in crony capitalism. The main beneficiary of the new allocations has been the private sector Adani group, having got six blocks consisting of four mines. The group earned 18.6 billion rupees in FY18 from the coal mines. …

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Paint industry pricing increases on TIO2 costs escalation

The biggest input cost factor in the manufacturing of paints is the cost of TiO2 pigment used. It affects upto 40 % of the cost. The other is the resin used in the paint. Hover for the premium range of paints, forming the high growth segment today, the cost ratio is higher due to the high quality of TiO2 pigment required to be used. TiO2 with its property of a very high refractive index coupled with its inherent chemical stability and  resistance to weathering makes it an essential ingredient in paint manufacture. The global economics of TiO2 Annual global TiO2 …

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A lesson From China – Coastal Economy

Of the many setbacks that the mining industry faces, one was highlighted in a report published in Business Standard last week- steep logistics cost! According to the report, logistics costs is the stone tied to the legs of our mining companies, the load that slows them down in a fiercely competitive global race. India’s logistics cost as a percentage of GDP is 14 %  against the US and Japan’s 10% and EU’s 11%. For the costs to come down, the constraints in infrastructure have to be dealt with. In a country like India where grave issues like poverty, poor health …

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Mining Bans – The Domino effect on Economy

One of the recurrent themes in our blogs is the primacy of the mineral mining industry to other industries and thereby to the economy. When a crisis hits the mining of these prized minerals, it has a domino effect on several other industries. This is why it is of absolute importance that we take the mining industry and its problems seriously. And this is also why, even at the cost of becoming boringly repetitious, we have been relentlessly hitting the hammer to drive home this point. Now let’s take the Government’s ban on mining beach minerals. An exploration of each …

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Beach mineral mining – Why ‘Illegal’ is not the right adjective?

Mining is one subject that eludes common understanding. So it becomes easy for phony mining experts of the media to toss about terms like ‘illegal mining’ to jack up the attention-grabbing quotient of their news stories. It is no wonder then that lay people consuming these stories reserve suspicious glares for all mining operations. But the mining industry is the bedrock for all industries and an inimical public stance against it is unhealthy for the whole economy.  So let me use this blog to defog the haze surrounding the term ‘illegal mining’ What can we call ‘Illegal mining’ in India? …

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Hope on the horizon- National Mineral Policy 2018

Anyone just casually observant of the Mining Industry in India can see that the industry is bone-weary and badly needs a boost. Illegal mining in some areas has become the proverbial dead-fly-in-the-ointment, ruining the reputation of the entire industry. Bad press and Bans begrime almost every mining company operating in the country thanks to growing environmental activism. But in a technology-driven world, metals and minerals are of incalculable value for quotidian life and mining them an absolute necessity. So we simply cannot ignore the industry’s woes and let it self-heal at its own slow pace. The dispiritedness that the negativity …

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The Bedi Report- A dissection by an Industry expert

On July 22, 2018 Journalist Sandhya Ravishankar took it upon herself to inform the world about the release of the Gagan Singh Bedi report on  ‘illegal’ Mineral mining, notwithstanding that the report was 4 years old and deemed by the high court as biased and unfit for consideration. For the next few days, the Bedi report was bandied across the newspapers with striking numbers like 1 crore tonnes and Rs 1,80,000 Crore highlighted in bold. The opposition leader Mr. Stalin picked up the chance to cry ‘‘corruption’’ against the Government and vehemently demanded a CBI probe. As is the case …

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Part 2 – Adding ‘Responsibility’ to Mining – Business integrity

The previous blog talked about unravelling answers to the question of how to practise responsible mining in India. Fortunately, to aid us in this quest, we have a wealth of recorded experiences and expertise in the world, from which we can draw liberally. IRMA – Initiative for Responsible Mining Assurance, a worldwide organization that brings together Governments, mining companies, NGOs, environmental advocacy groups, academicians, mining communities and various other stakeholders, has recently released a standard in responsible mining. The IRMA set of standards lays out the best practices in mining under the following broad heads Business Integrity responsibilities Positive legacy …

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