Meghalaya to push for resumption of coal mining
The Meghalaya cabinet approved a proposal made by the Mining and Geology department to exclusively follow up with different ministries of the Centre to ensure that coal mining resumed in the state at the earliest.
New rules for atomic minerals in the offing
With the new mining law putting a question mark on the fate of private rare earth mineral sector, the Centre is gearing up to come out with rules governing leases of atomic minerals. These rules will define the threshold of radioactive content beyond, which private companies will not be allowed to mine. It will also define the concession period and the area to be given out on lease.
Mines ministry to generate Rs.6,000 crore
The mines ministry is hopeful of generating funds worth nearly Rs 6,000 crore per year from existing mines under the District Mineral Foundation (DMF).
NMDC, Hindustan Zinc to be hit by new mining law
Earnings of cash-rich miners such as NMDC and Hindustan Zinc are likely to be hit by the provision in the new mining law to provide higher funds for the District Mineral Foundation (DMF).
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