Miners Resist Government's Low-Grade Ore Duty
COAL & MINING

Miners Resist Government's Low-Grade Ore Duty

Miners in India are vehemently opposing the government's proposed imposition of an export duty on low-grade ore. This move comes amidst concerns regarding its potential impact on the mining industry and the economy at large. The mining sector, which plays a significant role in India's industrial landscape, is now facing uncertainty due to this impending policy change.

The government's plan to levy export duties on low-grade ore has sparked widespread backlash from miners across the country. They argue that such a move would adversely affect their competitiveness in the global market, leading to a decline in exports and revenue. Additionally, miners contend that this measure could result in job losses and hinder the growth of the mining sector, which is already grappling with various challenges, including regulatory hurdles and operational issues.

Moreover, miners are urging the government to reconsider its decision and explore alternative solutions to address concerns related to low-grade ore exports. They emphasise the need for a balanced approach that takes into account the interests of all stakeholders, including miners, exporters, and the economy as a whole. Many industry experts have also voiced their apprehensions about the potential consequences of imposing export duties on low-grade ore, highlighting the need for careful deliberation and consultation before implementing such measures.

Furthermore, miners are calling for greater collaboration between the government and industry stakeholders to develop effective strategies for promoting sustainable mining practices and enhancing the competitiveness of the sector. They stress the importance of fostering an environment conducive to investment and innovation in the mining industry to drive economic growth and development.

In conclusion, the debate over the proposed export duty on low-grade ore underscores the complex challenges facing the mining sector in India. As stakeholders continue to engage in discussions and negotiations with the government, the outcome of this issue will have far-reaching implications for the future of mining and industrial development in the country.

Miners in India are vehemently opposing the government's proposed imposition of an export duty on low-grade ore. This move comes amidst concerns regarding its potential impact on the mining industry and the economy at large. The mining sector, which plays a significant role in India's industrial landscape, is now facing uncertainty due to this impending policy change. The government's plan to levy export duties on low-grade ore has sparked widespread backlash from miners across the country. They argue that such a move would adversely affect their competitiveness in the global market, leading to a decline in exports and revenue. Additionally, miners contend that this measure could result in job losses and hinder the growth of the mining sector, which is already grappling with various challenges, including regulatory hurdles and operational issues. Moreover, miners are urging the government to reconsider its decision and explore alternative solutions to address concerns related to low-grade ore exports. They emphasise the need for a balanced approach that takes into account the interests of all stakeholders, including miners, exporters, and the economy as a whole. Many industry experts have also voiced their apprehensions about the potential consequences of imposing export duties on low-grade ore, highlighting the need for careful deliberation and consultation before implementing such measures. Furthermore, miners are calling for greater collaboration between the government and industry stakeholders to develop effective strategies for promoting sustainable mining practices and enhancing the competitiveness of the sector. They stress the importance of fostering an environment conducive to investment and innovation in the mining industry to drive economic growth and development. In conclusion, the debate over the proposed export duty on low-grade ore underscores the complex challenges facing the mining sector in India. As stakeholders continue to engage in discussions and negotiations with the government, the outcome of this issue will have far-reaching implications for the future of mining and industrial development in the country.

Next Story
Infrastructure Energy

Adyant Enersol & UPC Renewables Secure SJVN's 600 MW Wind Project

Adyant Enersol (Datta Infra) and UPC Renewables secured contracts in SJVN’s auction to develop 600 MW inter-state transmission system (ISTS)-connected wind power projects under a build-own-operate model. Adyant Enersol was awarded 70 MW with a tariff of Rs 3.98/kWh, while UPC Renewables secured 100 MW at a tariff of Rs 3.99/kWh. The tender for these projects was issued in March 2024, allowing bidders to submit proposals for capacities ranging from a minimum of 50 MW to a maximum of 300 MW, with project sizes specified in multiples of 10 MW. The selected developers are required to establis..

Next Story
Infrastructure Energy

Bridge and Roof Secures SJVN Contract for 100 MW Solar Project

Bridge and Roof Company, a government enterprise under the Ministry of Heavy Industries, has secured the engineering, procurement, and construction contract from SJVN Green Energy to establish a 100 MW solar power project in Rajasthan’s Didwana-Kuchaman district. The project is valued at approximately Rs 3.5 billion. The tender was issued in April 2024. The scope of work includes land development, design and engineering, procurement of equipment and materials, testing at the manufacturer’s facility, packing, transportation, supply, unloading, on-site storage, installation, erection, test..

Next Story
Infrastructure Transport

NHAI Uses AI and Drones to Detect 1,000 Encroachments on Highways

The National Highway Authority of India (NHAI) has implemented artificial intelligence (AI) and drone technology to detect approximately 1,000 encroachments on four major national highways. This initiative aims to address obstacles that hinder road construction projects and ensure their timely completion. The survey covered a span of about 360 kilometres, utilising high-frequency drones to capture detailed aerial images of the highways. AI-driven algorithms analysed these images to identify potential encroachments, including parked vehicles, construction materials, and makeshift structures. F..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000