Metso's Board of Directors has made certain changes in its executive team. Matti Kähkönen, who is currently the Executive Vice President, Deputy CEO and President of Mining and Construction Technology, has been appointed as President and CEO.
Four companies may be short-listed by Steel Authority of India (SAIL) for the development and operation of a 4mn tonne open-cast coking coal mine with inbuilt coal beneficiation plant at the Tasra block in Jharkhand.
In response to the request to revise royalty rates, the centre is considering a proposal to hike royalty rates on coal and lignite blocks. The proposal is under consideration of a study group that has collected views of the concerned stakeholders
Anglo Australian mining firm Rio Tinto plans to make a footprint in the Indian thermal coal market by selling coal to companies in the cement and power sectors. The company is currently in talks with players in the sectors for coal supply.
Federation of Indian Minerals and Industries (FIMI), the body that looks after the needs of the local mining industry in the country, welcomed the Supreme Court’s ruling that allowed the auction of 1.5 mn tonne of iron ore a month
National Mineral Development Corporation (NMDC) and Andhra Pradesh Mineral Development Corporation (APMDC) have signed an MoU to undertake exploration of low-grade iron ore and gold deposits in Andhra Pradesh.