The mineral deposits in a country constitute the foundation pillar of the industrial and economic growth of any nation. India has been endowed with mineral resources in mammoth proportions. The growth and prosperity of a nation depends on the search, development, and management of its valuable mineral resources.   The mines and minerals (Development and Regulation) Act of 1957 and the Mines Act of 1952 were passed by the government of India...
In an announcement on Friday, Jindal South West Energy (JSWE) said it had agreed on a memorandum of understanding, (MoU), with Osho Venture FZCO, Dubai and Indian Ocean Mining (Pty) Ltd, South Africa (IOM) for the acquisition of a 70% venture in IOM from Osho. IOM owns coal prospecting rights in the North-West region of South Africa. However, the company would not divulge the details of the investment deal, but, in a filing to the Bombay...
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