Monday, September 15, 2014

 As mining curbs bite, India offers market to glut-hit iron ore


India may ship in 45 million tonnes of iron ore over the next three years as domestic output falls short of steel production needs

As mining curbs bite, India offers market to glut-hit iron ore

 crackdown on illegal mining by the Supreme Court has been lifted, delays in restarting mining operations have limited local iron ore supply. Photo: Bloomberg

Singapore: An oversupplied global iron ore market may find some relief from an unlikely source as former number three exporter India turns into a big importer due to a cutback in domestic production. The country may ship in up to 45 million tonnes over the next three years as home-grown iron ore output falls short of domestic steel production needs, an executive at an influential industry group said. India imported just 0.37 million tonnes of the steelmaking raw material in 2013/14, government data showed. But already JSW Steel Ltd, India’s third-largest maker of the alloy, has said it will import 6 million tonnes of iron ore in 2014/15 against zero a year earlier. “There’s no option but to import to meet the shortfall. We’re looking at between 10 and 15 million tonnes every fiscal year over the next three years,” Basant Poddar, vice president of the federation of indian mineral industries, the only industry group for mining firms in the country, told Reuters by phone. “The mine closures all over India, starting from Karnataka, Goa, Odisha and Jharkhand, have created a massive disruption to supply,” Poddar said. Mining in the key iron ore states of Karnataka and Goa was banned in 2011 and 2012, respectively, following a crackdown on illegal mining by the Supreme Court and the government. Several mines in top producing Odisha state and in Jharkhand too were closed this year following government-imposed restrictions on the renewal of mining licenses. While the bans have since been lifted, delays in restarting mining operations in Goa and Karnataka and the latest mine closures in the other states have limited local iron ore supply.
VIMAL  SINGH
PGDM 3 SEM
SOURCE--  MINT LIVE NEWS

Bypoll results: Early trends hint at jolt for BJP, gains for Congress and SP Read more at: http://www.livemint.com/Politics/ttqxqI7NhkEAWCD98WDgFO/Bypoll-results-Couting-begins-for-3-Lok-Sabha-33-Assembly.html?utm_source=copy

Bypoll results: Early trends hint at jolt for BJP, gains for Congress and SP\

Bypoll results: Early trends hint at jolt for BJP, gains for Congress and SP
New Delhi: Counting of votes began early morning on Tuesday for three Lok Sabha and 33 Assembly constituencies spread across 10 states where bypolls were held on 13 September. Early trends indicated that the Bharatiya Janata Party (BJP) was struggling in key states of Uttar Pradesh, Rajasthan and even in Gujarat, where it was in a neck and neck fight with Congress. The ruling BJP was leading in five Assembly seats in Gujarat, while Congress was ahead on four, according to early trends in counting of votes for by-polls. In Uttar Pradesh, the ruling Samajwadi Party (SP) was leading in six seats, while BJP and its ally in four and Congress in one. In Rajasthan, opposition Congress candidates are leading in three of the four Assembly constituencies where bypolls were held. The ruling BJP was leading on the one remaining seat. The three Lok Sabha that went to poll are Vadodara (Gujarat), vacated by Prime Minister Narendra Modi, Mainpuri (Uttar Pradesh) and Medak (Telangana), while 11 assembly constituencies are in Uttar Pradesh, nine in Gujarat, four in Rajasthan, two in West Bengal, five in northeastern states and one each in Chhattisgarh and Andhra Pradesh. Twenty four of these assembly seats were held by the BJP and one each by its allies Apna Dal and the Telugu Desam Party (TDP). After BJP’s near-total sweep of the 80 seats in Uttar Pradesh in Lok Sabha polls just four months back, it is to be seen whether the party can retain its 10 seats. Last month, the saffron party had received a jolt in assembly byepolls, suffering a 4-6 defeat at the hands of the Rashtriya Janata Dal-Janata Dal (United)-Congress alliance in Bihar and yielding two strongholds to Congress in Karnataka and Madhya Pradesh. Tuesday’s bypoll results, seen as yet another test of Modi government’s popularity since it assumed power in May, are also important as the BJP is preparing for polls in Haryana and Maharashtra next month where it hopes to oust the Congress. Uttar Pradesh The SP was leading in six seats, while BJP and its ally in four and Congress in one, as per initial trends available in Uttar Pradesh where counting is underway for 11 Assembly seats and one Lok Sabha seat. SP supremo Mulayam Singh Yadav’s grand nephew Tej Pratap was leading over his nearest rival BJP’s Prem Singh Shakya in Mainpuri Lok Sabha. The Assembly seats where bypolls were held include Saharanpur city, Bijnor, Thakurdwara, Noida, Nighasan Lucknow east, Hamirpur, Charkhari, Sirathu, Balha and Rohania, as also in Mainpuri Lok Sabha seat which was vacated by Yadav. While the Bahujan Samaj Party did not contest the bypolls, the Congress and SP fielded candidates on all 11 Assembly seats, whereas the BJP contested on 10 and its ally Apna Dal on one. Rajasthan Initial trends show that Congress candidates Shrawan Kumar (Surajgarh), Bhajanlal (Weir) and Ramnarayan (Nasirabad) are leading with vote margins of 1,325, 8,658 and 167, respectively, whereas only one candidate of BJP, Sandeep Sharma, is leading on Kota South Seat with a margin of 13,212 votes. Former health minister and BJP candidate Digambar Singh is trailing behind Shrawan Kumar of Congress in 
Surajgarh after 10 rounds of voting. The bypolls were necessitated after the sitting MLAs—Sanwar Lal Jat (Nasirabad), Om Birla (Kota-South), Santosh Ahlawat (Surajgarh) and Bahadur Singh Koli (Weir)—resigned from the Assembly following their election to Lok Sabha. Telangana, Andhra Pradesh The ruling Telangana Rashtra Samithi (TRS) has established an early lead in the counting of votes for bypolls to Medak Lok Sabha constituency in Telangana, as per initial trends. TRS candidate K. Prabhakar Reddy was ahead of his nearest Congress rival V. Sunita Laxma Reddy by 18,443 votes after the first round of counting. BJP candidate T. Jayaprakash Reddy was trailing his TRS and Congress rivals. TRS got 32,394 votes, Congress and BJP 13,951 and 7014, respectively, in the first round. Telugu Desam Party (TDP) T. Sowmya has taken a lead of more than 32,000 votes in Nandigama (SC) Assembly bypoll over her nearest rival Congress’s Bodapati Babu Rao. Sowmya, a software engineer, got 42,777 votes, while Congress’s Rao secured 10,279 votes after the sixth round of counting. By-election to Nandigama seat in Krishna district was necessitated due to death of Sowmya’s father T. Prabhakar days after he was elected in the May elections. Gujarat Ruling BJP is leading in five Assembly seats in Gujarat, while Congress is ahead on four, according to early trends in counting of votes for bypolls in nine constituencies across the state. Initial rounds of counting indicated a neck and neck fight on at least five seats in the Assembly elections. The BJP is leading in Anand, Tankara, Maninagar, Talaja and Limkheda Assembly seats while the Congress is leading in Khambalia, Matar, Mangrol and Deesa, according to election officials. All the seats were earlier held by the BJP and were vacated after their sitting MLAs were elected as MPs including Prime Minister Narendra Modi who was three times MLA from Maninagar seat. The bypolls are also considered to be test for new Gujarat chief minister Anandiben Patel under whose leadership, the elections are being held for the first time. West Bengal The TMC and Congress are leading in Basirhat Dakhin and Chowringhee Assembly constituencies in West Bengal. Dipendu Biswas of TMC is leading over BJP’s Samik Bhattacharya in Basirhat Dakhin seat by 10,820 votes after the fourth round of counting. The seat was won by Communist Party of India (Maoist)’s Narayan Mukhopadhyay in 2011. The by-election was caused due to his death. Santosh Pathak of Congress is leading over TMC’s Nayana 
Bandyopadhyay in Chowringhee seat by 2,000 votes after the third round. Bandyopadhyay is the wife of Sudip Bandyopadhyay, leader of the Trinamool Congress parliamentary party. BJP state secretary and spokesman Ritesh Tiwary is also among the contestants from the Chowringhee seat. The seat was won by TMC’s Sikha Mitra in the 2011 Assembly elections. The by-election was held as the seat fell vacant after Mitra’s resignation from the TMC. The fate of 14 candidates would be decided on Tuesday—nine in the Chowringhee constituency and five in Basirhat Dakshin in North 24-Parganas district. Tripura CPI-M candidate Prabhat Chowdhury trounced his nearest Congress candidate Mailafru Mog by 15,971 votes in the Manu (ST) Assembly constituency of Tripura. While CPI-M candidate secured 21,759 votes, the Congress aspirant secured 5,788 votes, Joint chief electoral officer Debasish Modak said. The constituency fell vacant after former industries and commerce minister Jitendra Chowdhury was elected to the Lok Sabha. Assam Counting for bypolls to Silchar, Lakhipur and Jamunamukh Assembly constituencies of Assam is underway to decide the fate of 25 contestants. The bypolls was necessitated following the election of Silchar Congress MLA Sushmita Dev and Jamunamukh All India United Democratic Front (AIUDF) MLA Mohammad Sirajuddin Ajmal to the Lok Sabha during the last general elections. The death of sitting Congress MLA Dinesh Prasad Goala necessitated the bypoll in Lakhipur. Twelve candidates were in the fray from Silchar, followed by eight contestants at Jamunamukh and five from Lakhipur, respectively. While Arun Dutta Majumdar (Congress), Dilip Kumar Paul (BJP) and Nur Ahmed Barbhuyan (AIUDF) are among the prominent contestants in Silchar, former Congress MLA Dinesh Prasad Goala’s son Rajdeep Goala (Congress), Mukesh Pandey (AIUDF) and Sanjay Thakur (BJP) are notable candidates in Lakhipur. Jamunamukh has AIUDF president Badruddin Ajmal’s son Abdur Rahim Ajmal, Bashir Uddin Laskar (Congress) and Bilal Uddin (BJP) in the fray

VIKASH CHANDRA MISHRA
PGDM 2ND YEAR
SOURCE : MINT

Bypoll results: Early trends hint at jolt for BJP, gains for Congress and SP

Read more at: http://www.livemint.com/Politics/ttqxqI7NhkEAWCD98WDgFO/Bypoll-results-Couting-begins-for-3-Lok-Sabha-33-Assembly.html?utm_source=copy
Bypoll results: Early trends hint at jolt for BJP, gains for Congress and SP

Read more at: http://www.livemint.com/Politics/ttqxqI7NhkEAWCD98WDgFO/Bypoll-results-Couting-begins-for-3-Lok-Sabha-33-Assembly.html?utm_source=copy
Bypoll results: Early trends hint at jolt for BJP, gains for Congress and SP

Read more at: http://www.livemint.com/Politics/ttqxqI7NhkEAWCD98WDgFO/Bypoll-results-Couting-begins-for-3-Lok-Sabha-33-Assembly.html?utm_source=copy

Featured Research

from universities, journals, and other organizations

'Jaws' lived in Doncaster, England: Archeologists dig up evidence of sharks and swamps 310 million years ago

Date:
September 15, 2014
Source:
Manchester University
Summary:
Sharks, swamps and a tropical rainforest teeming with life – it’s not what comes to mind when you think of Yorkshire, England.  But for the first time evidence of Doncaster’s 310-million-year-old past, including a fossilized shark egg case, has been discovered in a derelict mining tip.



Shark egg case.
Credit: Image courtesy of Manchester University
Sharks, swamps and a tropical rainforest teeming with life -- it's not what comes to mind when you think of Yorkshire. But for the first time evidence of Doncaster's 310-million-year-old past, including a fossilised shark egg case, has been discovered in a derelict mining tip.
Some of the fossilised plants and creatures may even be new to science, and as well as the egg case, several horseshoe crabs and some previously unrecorded seed pods are amongst the finds. All had been preserved in rocks that formed within the coal and shale deposits in what is one of only a small handful of similar fossil locations left in the UK. The findings have been published in the international journal, Geological Journal.
Palaeontologist Dean Lomax, a visiting scientist at the University of Manchester's School of Earth, Atmospheric and Environmental Sciences, said: "The fossils unlock a window into a long distant past, buried deep beneath residents' feet. They are proof that parts of Yorkshire were once a tropical water-logged forest, teeming with life that may have looked something similar to today's Amazon delta, a mix of dense forest, lakes, swamps and lagoons.
"The shark egg case is particularly rare and significant, because it's soft bodied and an unusual object to find fossilised. We hope that future organised collecting of the site may reveal further rare discoveries, such as dragonflies, beetles, spiders and further evidence of vertebrates. And who knows, maybe we will even find the actual shark."
After visits to all the redundant pit tips by Lomax, along with Peter Robinson from Doncaster Heritage Services and local fossil collector Brian Williams, Edlington was identified as being the only tip in the borough where fossils could potentially still be collected, as all of the others have been landscaped and turned into parks.
Peter Robinson said: "For all three of us this site and the fossils we've discovered here are very close to our hearts. We are all locally born and bred and take great pride in uncovering, interpreting and preserving a very important piece of the borough's geological past. For me this site is particularly special as my father, Michael Robinson, was the National Coal Board's geologist for Yorkshire Main and it is his bore core samples and records which are helping us understand the geological layers that these fossils came from."
"We hope this important discovery will encourage ex-miners from the borough to bring forward and donate fossil specimens from the now defunct collieries, which were collected whilst extracting coal from the pit face. We have heard many stories of some of the wonderful fossils that have been found."
The fossils are being stored at Doncaster Museum where they have been integrated into the museum's fossil collection.

Story Source:
The above story is based on materials provided by Manchester UniversityNote: Materials may be edited for content and length

NARESH KR PG 3 SE4M

MARKETING

THIS IS THE WAY TO TELLING THE FACTS OF THE MARKETING