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Allmineral Asia plans new plant at Orissa

Jyotirmoyee International, a 50:50 joint-venture with Allmineral GmbH and Jyotirmoyee International is setting up a new plant in Orissa to serve Indian and South Asian customers. Allmineral Asia is a leading player in mineral beneficiation plant technology. Earlier, the parent company Allmineral has tied up with Hari Machines and has successfully executed 15 dry coal beneficiation plants and 2 wet coal beneficiation plants. Now Hari Machines will produce the equipment while Allmineral Asia will take care of customer enquiries, orders, project management, commissioning, after-sales-service, etc.

Orissa to carry out intensive exploration for non-ferrous metals

Orissa government has decided to intensify exploration of bauxite, coal, limestone and heavy minerals in beach sand. The new initiative will focus on intensive exploitation of concealed deposits and a geo-physical and geo-thermal survey will be conducted. The new areas where intensive exploration will be taken up include investigation of bauxite around Bhitargurha of Kalahandi district and Panchada-Baldiaparha of Koraput district, assessment of heavy minerals in beach sand in Giral south block around Puri coast and investigation of coal in IB Valley and Talcher coalfields. Apart from non-ferrous metal, it will also assess iron ore in the northern part of Baliapal, Badamgarh Pahar and Jhirapani in Sundergarh district and around Tapodih in Keonjhar district . Directorate of geology plans to take up 19 investigation projects this year compared to 17 projects last year. It has already deployed three exploration units for starting investigation of bauxite in small and medium plateaus in Kalahandi, Koraput and Raygada districts.

Tax incentives needed in mining

 A study conducted by Export Import Bank of India has suggested that some of tax incentives is needed to influx drive into the sector. A suitable incentive framework will help mining companies to raise the required capital easily.  A comprehensive mineral exploration policy is needed to sustain the growth. Though mining sector has shown robust growth, mostly it was from the iron ore sector. At present, around 55% of mineral ore exported are iron ores.

Coal mining companies to form R&D fund

Coal ministry is planning to put up a proposal which will help to constitute a R&D fund to develop and support new and environment friendly techonologies. This will immensely help Indian mining industry which is using out dated technology. The proposed R&D fund is to be set up under a coal regulator, which would oversee all aspects of coal mining operations in the country. Once approved, all captive coal miners will also have to contribute atleast 1% of the turnover to the proposed research & development fund. CIL alone could provide over Rs 2250 million to the fund, considering its Rs 45,682-crore turnover in 2008-09. Besides, over 100 captive coal mines have been allocated to the private sector. These could also provide substantial funds for R&D activities.

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