Under siege Seriti Resources whose impending acquisition of South32 coal mines has raised calls for an investigation has dismissed the complaints against it as "vague" lacking substance.
According to reports, the price of local hot rolled coil (HRC) in India is expected to rise again by INR 2000-3000 / T (US $27-40 / T) due to the second benchmark price increase expected by steel mills in April.
The Mines and Minerals Amendment Bill is now before the Cabinet Committee on Legislation and is expected to be tabled before the full Cabinet in two weeks' time before being brought to Parliament.