Mining Bill

'Mining bill to hit NDMC, Hindustan Zinc profits by 9 percent'

Enactment of the new Mining Bill would result in the profits of captive mining (steel) companies such as Tata Steel being whittled down by 9 percent, while SAIL would see its profit decline by 7 percent, Jindal Steel would witness a 3 percent reduction and JSW Steel would take a 1 percent hit.

New Mining Bill knocks out coal, steel and metal shares

The Mining Bill approved by the Union cabinet has taken the fizz out of steel, metals and Coal India shares.

Share-your-profits mining Bill will raise costs all around

The draft Mining Bill mandates the compulsory sharing of profits or shareholding with locals who were displaced by mine projects. It is a strong disincentive for the sector and will drive up commodity inflation and energy prices.

Illegal mining vigilance force set up in Uttarakhand

An Illegal Mining Vigilance Force has been set up in Uttarakhand to rein in the illicit trade.

Will hear experts, govt instead of mining firms on mineral resources: SC

The Supreme Court today said it would consider the submissions of experts and the government, instead of a mining firm, on the principle of inter-generational equity for exploiting minerals in such a way that they remain for future generations as well.

SC order on Vedanta positive, says Orissa Mining Corporation

The corporation believes that Supreme Court order is "a step closer" for doing mining in the Niyamgiri hills.