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After finance minister Arun Jaitley's announcement during Budget speech that the government will abolish 13 cesses across ministries where collection is less than Rs 50 crore, the labour ministry has identified four of the six cesses levied to promote workers'...

Dual-listed Jubilee Platinum is on the hunt for further surface platinum opportunities following the success of its ASA Metals and Hernic tailings projects. The mine-to-metals specialist said in an update to shareholders on Monday that a study had been commiss...

The Federation of Indian Mineral Industries (Fimi) has called for the removal of 30 per cent export duty on chrome ore. Also, in view of the surging imports of both chrome and manganese ore, it demanded imposition of safeguards duty of 50 per cent on these two...

VISA Steel announced last September that the Joint Lenders Forum had decided to invoke strategic debt restructuring (SDR) norms in accordance with the Reserve Bank of India circular dated June 8, 2015 after an earlier restructuring exercise failed to deliver t...

GOVERNMENT has set up a special purpose vehicle (SPV) to assist small scale chrome miners export the mineral.

THE government’s decision to lift a four-year ban on exporting raw chrome mid-last year gave hope to a sector that was on the verge of collapsing. It was sweet music to the ears of most artisanal chrome miners and companies who were stuck with piles of chrome...

Dual-listed Afarak Group subsidiary Turk Maadin Sirketi (TMS) has been granted the exploitation mining licence for its Turkey-based Eagle Field chrome project. TMS would now investigate the most appropriate time to bring the mine into production to ensure that...

Burdened with huge volume of loans and hostile macroeconomic factors, steel producers have sought a financial package from the Centre that allows debt restructuring.