Anil Agarwal wants to model Vedanta on GE lines

Anil Agarwal wants to model Vedanta on GE lines

The Patna-born mining mogul Anil Agarwal plans to convert his group Vedanta Resources Plc into a GE-like institution -- a board-run conglomerate run by best professionals -- as he does not see his children taking over the mantle from him.

Industry threatens nearly half of natural heritage sites: WWF

Mining, oil exploration, illegal logging and other industries threaten almost half the natural World Heritage Sites the UN seeks to preserve for future generations, conservation group WWF said Wednesday.

Vedanta Resources to buy-back bonds worth up to $349 million

Vedanta Resources to buy-back bonds worth up to $349 million

Mining conglomerate Vedanta Resources today said it will buy-back bonds worth USD 348.6 million (about Rs 2,314 crore).

Special cells to check extremists-contractors nexus in mining

Special cells to check extremists-contractors nexus in mining

Centre has asked states to set up special cells in a bid to prevent nexus between illegal mining contractors and extremists, who try to extort money and other resources from mining companies.

Govt may allot 15 blocks to PSUs for commercial coal mining

Moving ahead with its decision to open up the coal sector for commercial mining, government has identified 15 blocks to be alloted to central and state PSUs for undertaking production and sale of the dry fuel.

Adani's coal mine project in Aus gets environmental approval

Queensland state's Department of Environment and Heritage Protection (EHP) said it has issued a final environmental authority (EA) for Adani's Carmichael Mine project in the Galilee Basin.

CIL to undergo major tech upgrade on lines of US, Australia

CIL to undergo major tech upgrade on lines of US, Australia

Coal India Ltd is preparing for a major technological upgradation on the lines of global mining practices followed in countries like the US and Australia that will include GPS tracking of vehicles to check coal plunder and having a ICT-complaint machinery.

Miner BHP commits to Brazil clean-up as huge lawsuit looms

Miner BHP commits to Brazil clean-up as huge lawsuit looms

BHP Billiton renewed its commitment Monday to do all it can to help following the deadly collapse of a waste water dam in Brazil, with the mining giant and partner Vale facing a huge lawsuit.

SC notice to Goa on plea challenging renewal of mining leases

Renewal of 89 mining leases by Goa government has come under scanner with the Supreme Court Tuesday seeking response from the state and several mining companies on petitions challenging their renewal.

Brazil shuts mudslide mine in new blow to companies

Brazilian authorities have said they have halted operations at an iron ore mine where the collapse of a waste reservoir triggered a deadly mudslide, the latest blow to co-owners BHP Billiton and Vale.

Manufacturing sector growth improves in October: SBI Index

Manufacturing sector growth improves in October: SBI Index

The monthly SBI Composite Index, an indicator for manufacturing activity in the country, increased to 50.8 in October from 48.4 in September.

Black money: I-T dept begins action against mining firms

Black money: I-T dept begins action against mining firms

The Income Tax department has begun a crackdown against black money being generated by the rich mining sector with the taxman initiating a detailed scrutiny of a number of such exploration and production companies across the country.

SIT raids houses of Janardhan Reddy, 7 others in Ballari

A Special Investigation Team (SIT) of the Karnataka Lokayukta on Wednesday raided the houses of former state Minister and mining baron G Janardhana Reddy and seven others, including two legislators, in connection with alleged export of iron ore illegally from Belikere port.

Vedanta Aluminium goes on workforce reduction, cost cuts

Mining giant Vedanta Resources has resorted to "aggressive cost reduction" and "workforce reduction" in its aluminium segment amid subdued and volatile market conditions globally.

More mining cos gear up to begin iron ore extraction in Goa

Following Vedanta, three more mining companies have expressed their intent to resume iron ore extraction activity in the state, a mining exporters' body in Goa has said.

Mining giant Glencore reports $676 mn first-half loss

Swiss mining giant Glencore on Wednesday reported a first-half loss of $676 million (620 million euros), a performance hit by what the company called the worst commodities market since the financial crash of 2008-09.

Australia moves to reduce legal challenges to mining projects

Australia plans to change the law to stop environmental groups from launching "endless legal sabotage" against developments, Prime Minister Tony Abbott said Wednesday after a court this month blocked a massive India- backed mine.

Start mining, Goa CM tells mining companies

Goa Chief Minister Laxmikant Parsekar on Saturday exhorted mine owners in Goa to emulate Vedanta Resources and start mining operations to increase state revenues and create more jobs.

Sesa Goa announces resumption of mining operations

Sesa Goa, a subsidiary of Vedanta Monday announced resumption of its mining operations in the state, after a gap of three years.

Profits will dip as mining cake has shrunk: Vedanta official

As Vedanta Ltd, formerly known as Sesa Sterlite, gets down to resuming mining operations in Goa after three years, the company's iron ore business CEO Kishore Kumar said the mining cake has shrunk.