Category «News»

Demand of Steel

The Minister of Steel, Shri Beni Prasad Verma has said that during 2011-12, consumption of finished steel in the country was 70.92 MT as against production of 73.42 MT. As such, there is no gap between demand and supply of the steel in the country. In a written reply in the Lok Sabha today Shri …

Australian Minister Calls upon Minister of Steel to Discuss Cooperation in Mining and ORE Exploration

The Union Minister of Steel, Shri Beni Prasad Verma met with the Minister for Resources, Energy and Tourism, Government of Australia, Mr. Martin Ferguson here today when the latter called upon the Steel Minister to discuss issues related to greater co-operation in mining and steel sector. During the interaction, the Steel Minister said that Australia …

FDI Policy for Mining Sector

FDI up to 100% is permitted under the automatic route in Mining and Exploration of metal and non-metal ores including diamond, gold, silver and precious ores etc. subject to the Mines and Minerals (Development & Regulations) Act, 1957, as per Consolidated Foreign Direct Investment Policy Circular 1 of 2012 dated 10th April, 2012 issued by …

Coal Linkage for Power Projects

The details of the proposals  received from the State Governments for the grant of  coal linkage for their  power projects are as under:-   S.NO. Name of State No of Projects Capacity in MW    1. Andhra Pradesh 5 7000    2. Assam 5 1750    3. Bihar 7 10140    4. Chhattisgarh 5 7700    5. Gujarat 1 800    6. Haryana 3 3260    7. Karnataka …

Bluescope Steel – COMPLETION OF SHARE SALE FACILITY

In accordance with the terms of the share sale facility announced on 27 September 2012, BlueScope Steel Limited advises that it has sold a total of 21,982,661 shares for 46,387 participating shareholders with the volume weighted average price of shares sold in the facility being $0.4866 per share. Proceeds from the sale of shares are …

Rio Tinto Finance plc prices Euro and Sterling fixed rate notes

Rio Tinto has priced EUR 1.25 billion and GBP 500 million of fixed rate notes under its European Debt Issuance Programme. The notes will be issued by Rio Tinto Finance plc and will be unconditionally and irrevocably guaranteed by Rio Tinto plc and Rio Tinto Limited. The Euro denominated offering comprises (i) long 7-year notes …

Greenpeace – South Korea abandons ‘scientific’ whaling plans

Amsterdam, December 4, 2012 – Greenpeace confirmed on Tuesday that the government of South Korea has abandoned its plans to begin a ‘scientific’ whaling operation, a significant step forward in global efforts to protect whale populations. The proposed hunt, announced in July, would have caught minke whales for commercial purposes under the thin veil of …

AUSTRALIA AND INDIA – NATURAL PARTNERS IN MINING AND RESOURCE

The Australian Government promoted business and investment opportunities between Australia and India in the mining sector at the Australia—India Mining Business Forum in Kolkata on 4 December. The Forum was held as part of Oz Fest – the biggest Australian cultural, business and education festival ever staged in India. Australia’s Acting High Commissioner to India, …

Carnegie debuts revolutionary biosphere mapping capability at AGU

San Francisco, CA —Researchers from the Carnegie Institution are rolling out results from the new Airborne Taxonomic Mapping System, or AToMS, for the first time at the American Geophysical Union (AGU) meetings in San Francisco. The groundbreaking technology and its scientific observations are uncovering a previously invisible ecological world. To watch a video about how …