Limestone Reserves

Ambuja Cement bags 24 limestone mines in FY24 with 587 MT estimated output

Adani group firm Ambuja Cements, which is aggressively pushing for expansion, has won 24 bids for new limestone mines estimated to have a total resource of 587 million tonnes of limestone, according to the company's annual report. This is in addition to 1 billion tonnes of reserve of Sanghi Industries, a Saurashtra-based company which billionaire Gautam Adani-owned firm acquired last November at an enterprise value of Rs 5,185 crore. "Winning bids for coal and limestone mines is critical to ensure self sufficiency, with coal mines in Dahegaon-Gowari and the existing Gare Palma coal block catering to 40 per cent of Ambuja Cements Ltd (ACL) coal requirements," it said. The Adani group has an ambition to have a capacity of 140 MTPA (million tonnes per annum) by 2028. It has sufficient cash to reach there through a combination of brownfield expansion and acquisitions. Earlier this month, Adani Group announced the acquisition of Hyderabad-based Penna Cement at an enterprise value of Rs

Centre asks Telangana govt to auction at least six mineral blocks by Jun 30

The mines ministry has flagged that the Telangana government failed to auction any mineral blocks in past nine years and asked the state to put at least six mines on sale by the end of this month. According to sources, geological reports of eleven blocks have been handed over to the government of Telangana for auction. These blocks consist of five iron ore mines, five limestone blocks and one manganese block. Till date not even a single block has been put up for auction by Telangana even though the mines ministry has sent repeated reminders to the state government. The process of allocating mineral blocks through auctions began in 2015. In a recent letter to the Telangana government, the mines ministry asked the state to notify a minimum of six blocks from the 11 for auction by June 30, sources said. The ministry warned that failure to do so will force the Centre to begin the auction process. As per the amendment in mining rules made in 2021, the Centre has the power to put on sa

New limestone block set to aid employment and revenue in Rajasthan

Rajasthan's mines minister Pramod Jain Bhaya said that planned exploration of mining minerals in the state and auction of blocks are going on at full speed

Ambuja Cements declared preferred bidder for limestone block in Odisha

An e-auction was conducted by the Odisha government for the Uskalvagu limestone block, situated in Malkangiri district, and spread over an area of 547 hectares, the company said

Ambuja declared as preferred bidder for Uskalvagu limestone block in Odisha

Ambuja Cements Ltd, a part of Adani Cement on Thursday said it has been declared as the 'preferred bidder' for the Uskalvagu limestone block in Odisha. An e-auction was conducted by the Odisha government for the block, situated in Malkangiri district, Ambuja Cements said in regulatory filings. The Adani Group firm has not disclosed the bid amount for the block but said it is spread over an area of 547 hectare with estimated limestone resource of about 141 million tonne. "The company shall get the statutory licences and permits related to mining operations to be declared a successful bidder' and subsequently enter into a Mine Development and Production Agreement (MDPA)' with Government of Odisha to commence the mining operation," it said. Preferred bidders are those who are selected by the vendor with the intention to sell the business or award a contract, subject to the completion of terms and conditions. Ambuja Cements with its subsidiary ACC Ltd has a capacity of 67.5 million to

Odisha approves proposal to bring limestone under long-term linkage policy

The Odisha cabinet on Thursday approved a proposal to bring lime stone under the purview of Long-Term Linkage (LTL) policy, in a bid to streamline its supply to the industries of the state. These industries will henceforth be getting their lime stone supply through Odisha Mining Corporation Limited (OMC), said Chief Secretary SC Mohapatra. The proposal to bring lime stone under the LTL policy was put forth by Industrial Development Corporation Of Odisha Limited, which has been merged with OMC, Mohapatra explained. Maintaining that the move will enhance limestone production and ensure its optimum utilisation, Mohapatra said the state exchequer, in turn, will be benefited. The cabinet, during the day, also approved financial bids for construction of 40 Lift Irrigation Schemes with intake points on different rivers in the districts of Keonjhar, Kalahandi, Bolangir, Bargarh, Gajpati, Jajpur, Kendrapara, Angul and Cuttack. These projects will be executed with an investment of Rs 1879.61

UltraTech Cement emerges preferred bidder for limestone block in Karnataka

The block is situated in Tehsil Chittapur of Kalburgi district in Karnataka

Cement firm ACC bags Kannur Limestone Block in Karnataka

Cement maker ACC Ltd on Thursday said it has been declared as successful bidder for Kannur Limestone Block in Karnataka. Through this mining block, the company has secured estimated limestone resources above 250 million tonnes, ACC said in a statement without disclosing its bid amount. This limestone block is in close proximity to the company's existing Wadi cement plant, it added. ACC, a subsidiary of Swiss building material major Holcim group (earlier LafargeHolcim), had participated in an e-auction of the block, located in Kalburgi district of Karnataka. "Department of Mines & Geology, Government of Karnataka has declared ACC as the successful bidder for Kannur, Wadi Area, Limestone Block in the State of Karnataka, ACC said. On Wednesday, ACC had reported a 40.55 per cent decline in its consolidated net profit to Rs 280.85 crore for the quarter ended on December 31, 2021, due to adverse input inflation. Its revenue from operations in October-December 2021 was up 1.95 per cent

SC notice to govt on appeal against UltraTech's limestone mining project

The petitioners claim to be residents of the three villages where limestone mining will be undertaken.

Seven Meghalaya cops injured during protest at public hearing site

Several anti-mining and pro-environment groups have expressed strong opposition against the expansion of the mining project

Chhattisgarh discovers limestone reserves with 500 million tonnes capacity

Chhattisgarh produced minerals worth Rs 246.93 billion during 2017-18 that fetched Rs 49.11 billion to mineral resources department