Mining is one of the few industries that emerged from the worst of COVID-19 pandemic economic crisis in excellent financial and operational shape, PwC India said in a report. Stating that 2020 was a banner year for the mining sector, the audit firm said that the decisions made today about workplace policies, including the role
State-run Coal India’s(CIL ) has posted 52.5% growth in e-auction bookings during the first two months of the ongoing fiscal. CIL’s total allocated quantity this fiscal till May’21 increased to 21.5 Million Tonnes (MTs) under the five auction windows, against 14.1 MTs for the comparable period last year, a company executive said. With the demand
The Odisha government has sent a Rs 20,169-crore show cause notice on Coal India subsidiary Mahanadi Coalfields for alleged violation of environmental norms, in its biggest claim since the Supreme Court’s August 2 order imposing 100% penalty on illegal mining. “We have sent them a show-cause notice for exceeding their environmental clearance, mining plan and
The district administration has imposed prohibitory orders in Mewat for next two months revoking all permissions to store, sale and distribution of explosives in district in an attempt to curb illegal mining activities. Ashok Sharma, Mewat deputy commissioner, on Wednesday issued instructions to impose Section 144 and set check posts near mining and crusher zones
Commerce and industry minister Piyush Goyal said the government is working on reforms in the mining sector and attracting foreign direct investment (FDI) in sectors where it is constrained at present. “There are further reforms in mining and FDI in certain sectors where it is constrained. We will simplify processes and make it easier to
The metals and mining sector might face high cash flow constraints if lockdown extends beyond a month, said a report by one of the big four audit firms, KPMG . As China is fast reviving, it might recapture other markets if at all there is any, it said in a report titled, potential impact of
