Page-2 of Mining Current Affairs, GK & News

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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Ministry of Coal forms Sustainable Development Cell

On December 15, 2019, the Coal Ministry announced that it is to establish “Sustainable Development Cell” (SDC) to promote environment friendly and sustainable coal mining. The main objective of the cell is to address environmental concerns that arise during closure of mines. The cell will mentor, advise, plan and monitor mitigation measures to provide better ..

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Cabinet approves loan waiver of worth Rs.4 Cr against Sikkim Mining Corporation

Cabinet Committee on Economic Affairs (CCEA) has approved waiver of repayment of loan and interest thereon, of nearly worth Rs.4 crore outstanding against Sikkim Mining Corporation (SMC) including interest accrued on total amount from 1 April 2019, till this approval outstanding against SMC. CCEA is chaired by Prime Minister Narendra Modi. Benefit: Further, accumulation of ..

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Kimberley Process Certification Scheme inaugurated by Commerce Secretary

The Plenary meeting of the Kimberley Process Certification Scheme (KPCS) is being hosted by India.  The meeting was inaugurated by Commerce Secretary, Dr Anup Wadhawan. Presently, India exports around USD 24 billion cut and polished diamonds. It is expected to reach an export target of USD 1 trillion in few years. The KPCS is important ..

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KABIL: To Ensure Supply of Critical Minerals

The Ministry of Mines has approved the setting up of a joint venture Khanij Bidesh India Ltd. (KABIL) to ensure a consistent supply of critical and strategic minerals to the Indian domestic market. KABIL It will be a joint venture of three central Public Sector Enterprises namely, National Aluminium Company Ltd.(NALCO), Hindustan Copper Ltd.(HCL) and ..

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