Reopening of mining leases are getting delayed due to bureaucracy, justifiably not feeling confident in approving files, which might form part of investigations in future, says Federation of Indian Mineral Industries (FIMI)
By Sai Nikesh D
The year 2014 was a tough fight for the global mining industry with commodity prices down, short-term volatility increasing and initial scorecard for the top 40 global mining companies was mixed, said a PricewaterhouseCoopers’ (PwC) review report on global trends in the mining industry- Mine 2015.
Now, the gloves are off for the mining industry with widespread government intervention, internal industry conflicts and rising shareholder activism, noted the report.
This was published in The Dollar Business on June 15, 2015