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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Mining companies going high tech to drive profits

While Congo uses children as young as 4 years in the cobalt mining operation we have the 4th Industrial revolution clicking its heels in the doorstep of the Mining industry. AI, Machine Learning and Robots are all put it work. This is to make sure that mining companies hit high level of efficiency and productivity to maintain profitability. It is said even marginal improvement I yields, speed and efficiency leaves a great impact. Mining is primarily the bedrock of any industrial activity yet it does not get the attention it deserves. In fact its always under attack. All its innovation …

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Will coal darken the democracies?

India and Australia could both have new governments by the end of next month but they will almost certainly continue to share a common problem; how to manage the proposed $10 billion Carmichael coal mining project of India’s Adani Group in the Australian State of Queensland. Indian Billionaire Gautam Adani-led Adani Group has bagged a string of projects ranging from highway construction to development of airports, coal mining and city gas retailing for the last few years, helping the conglomerate diversify into new sectors, says Economic Times. The company said it is aggressively bidding for projects in logistics, mining, energy, …

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How the policy makers define the future is important

Its election time and we see promises in the air. Why don’t we get to see the promises in the earth to be precise under the earth, right under our feet. India is endowed with riches, this is something one gets to hear from school text books to adda conversations and yet we are poor as a nation. Its take not just effort, but will, to call upon what lies below and make it count. India is grappling with that right now. According to Rahul Basu of Goa Foundation The National Mineral Policy 2019 lays a foundation for the systematic …

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Hindustan Copper Plan expansion but India will have to rely on exports.

India’s state copper miner plans $800m expansion While at one end elections in one part of the southern India is fought on STERLITE COPPER and it expansion plans we have Hindustan Copper going on an expansion drive. A country like India can handle this contradiction. Hindustan Copper is small player compared to Sterlite. Its production is a mere 40,000 tonnes of copper per year. With Sterlite Closure the demand for copper has sky rocketed. A developing country like India has enormous demand for copper on a continuous basis. It makes sense to be self sufficient rather than relying on imports. …

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The slog over rush of Iron ore mining

India iron ore output seen at 9-year high before leases expire This is like the run rush in the slog overs in a T20 match. Even as the leases for iron ore is set to expire next year the mining companies are all set to produce a record high of Iron ore. India is all set to produce 210 million metric tonnes in the year ending March 31. This was disclosed by R.K.Sharma who is the Secretary General at the Federation of Indian Mineral industries. A country that is maturing as a industrial nation needs that regular supply of iron …

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On electric cars and child labour

“Somebody is going to get hurt” is the famous lines of a comedian. This is exactly what is happening right now. While the electric cars are tipped to be eco friendly and welcome with hoopla and celebration because of its clean energy all is not well as it seems to be. Somewhere out in Congo cobalt mines the children are living a hellish life so people can drive an electric car. Nearly 40,000 children work everyday in the mines checking the rocks for cobalt. And these children are as young as 4 years old. Its a heart rending sight. Tiny …

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Mining industry beset by localised mindset – Goa example

What makes the government of Goa think that mining is supposed to benefit only itself. Even as we grapple with the nationalistic voices at one end we are also have to realize that these states, most of the time, behave like fiefdoms. So when Finance Secretary Daulat Hawaldar on Friday said that the government is not facing any financial breakdown in spite of the fact that exactly one year has passed since the closure of mining operations in Goa, he was actually disregarding the interest of the nations. He went on to say that the market borrowings by the Goa …

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