Mining Sector Current Affairs, GK & News

Russia to help India tackle coal shortage

India and Russia have signed a memorandum of understanding (MoU) to collaborate in mining and steel sector. Key facts MoU was signed between Union Minister of Steel, Ram Chandra Prasad and Russia’s minister of energy Nikolay Shulginov. The MoU specially focuses on coking Signing of the deal is part of India’s National Steel Policy 2017. ..

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Odisha sets up COVID-19 dedicated hospitals with 1,000 beds

On March 27, 2020, the Odisha Government announced that it is to set up two COVID-19 dedicated hospitals under PPP (Public Private Partnership) model. Highlights Around 84,000 people have returned from abroad in the state. There are so far three positive cases in the state. The Government forecasting the spread of the virus has prepared ..

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Mineral Law Amendment Bill passed in Lok Sabha

On March 6, 2020, the Lok Sabha passed Mineral Laws (Amendment) bill, 2020. The bill aims to amend Mines and Minerals (Development and Regulation) act, 1957 and also Coal Mines (Special Provisions) Act, 2015. Highlights The bill was passed in the parliament without discussion. This was because of the constant uproar of the opposition over ..

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Cabinet approves Restructuring of Indian Bureau of Mines

The Union Cabinet has approved restructuring of Indian Bureau of Mines (IBM) by upgradation, creation and abolition of certain posts of Joint Secretary-level and above. Decision in this regard was taken at Union Cabinet Meeting chaired by Prime Minister Narendra Modi in New Delhi. Background The Union Ministry of Mines had constituted Committee for comprehensive ..

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CCEA approves methodology for auction of commercial coal mines to private sector

The Cabinet Committee on Economic Affairs (CCEA) has approved methodology for auction of coal mines/blocks for sale of coal to private sector under Coal Mines (Special Provisions) Act, 2015 and Mines and Minerals (Development and Regulation) Act, 1957. This decision opens coal sector to commercial mining by private eblntiti, ending 41 year old monopoly ot ..

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