Minerals

Minerals Sector in India

India produces nearly 89 minerals under different groups of minerals like crude oil, metallic minerals, non-metallic minerals, atomic minerals and minor minerals. Coal dominates the mineral market to the tune of 80% and other minerals like iron, copper, zinc, lead and aluminium. India is also the largest producer of mica. Limestone, magnesite, dolomite, barytes, kaolin, gypsum, apatite &phosphorite, steatite and fluorite account for 92 percent of non-metallic minerals. Government of India has also approved FDI at 100% through automatic route. There is significant scope for new mining capacities in iron ore, bauxite, and coal and untapped reserves in India is estimated at 85 billion tonnes.
Read More

Supreme Court quashes second renewal of iron ore mining leases in Goa

Supreme Court of India has quashed the second renewal of iron ore mining leases given to 88 companies in Goa in 2015. The apex court directed the Centre and the Goa government to grant fresh environmental clearances to them. Those who have been granted a second renewal in violation of its previous decision and directions, are granted time to manage their affairs and may continue mining operations till March 15 this year. They are directed to stop all mining operations with effect from March 16, 2018 until fresh mining leases (not fresh renewals or other renewals) are granted and fresh environmental clearances are granted. The apex court also directed the government to set up a SIT and a team of chartered accountants to recover the amount from mining companies, which were allowed to extra
Read More

Iron Ore production is on growth path - set to reach 185 million tonnes by 2020

India's iron ore output is set to increase from current 136 million tonnes to 185 million tonnes by 2020 with a average growth rate of 6.9 % over the period. The output growth is to be supported by the removal of export taxes in the Union Budget for low-grade ores and the country's Mines & Minerals (Development & Regulation) (MMDR) Act, which will streamline licensing and reopen closed mines. As part of India's 2016 Union Budget, export duties for iron ore lumps and fines below 58 per cent Fe content were reduced to nil from 30 per cent and 10 per cent respectively, which will significantly aid Goan shipments to recover as miners remain burdened by local levies and low prices. This reduction was aimed at boosting shipments from the western state of Goa where the Supreme Court lifted an ear
Read More

  • No Image
    Agarwal Min Chem Ltd

    Agarwal Min Chem. Ltd was established on 19th January, 1984 under the kind guidance of CEO Mr. Ras Agarwal. The company has a joint venture with Rajasthan State Mines & Minerals

  • No Image
    Airotech Minerals

    Incepted in the year 1998, "Airotech Minerals" is a manufacturer and exporter of a range of Micronized Minerals which includes calcite, hydrated magnesium silicate and others.

  • No Image
    Almora Magnesite Ltd

    Almora Magnesite established as a joint sector company in 1971 promoted by UPSIDC, Belaphar Refractories (Tata Refractories) to explore Magnesite deposits located in Almora Dist

  • No Image
    Aryan M P Power Generation Pvt Ltd

    Aryan MP Power Generation Private Limited (wholly owned subsidiary of ACB India) was formed as a Special Purpose Vehicle (SPV) on May 9, 2008 with the objective of setting up 12

  • No Image
    Ashapura Minechem Ltd

    Established in 1960, Ashapura Group is India?s largest muti-mineral solutions provider. The flagship company Ashapura Minechem Ltd. is listed on India?s premier exchanges. Ashap