Page 5 - Minerals

Why it might be better to mine the world's rainforests than farm them

Some 6,732 sq km of Indonesian forest has been granted to nickel mining concessions, a coalition of environmental groups wrote in a July letter to Tesla Inc.

Carborundum Universal consolidated Q2 net dips 8% to Rs 94 cr, sales up 34%

Revenue spike driven by strong show in electro minerals and ceramics, and sales of Rs 141 crore by newly acquired subsidiaries

Survey to explore minerals at 25 potential sites in Chhattisgarh

One site each of potential gold, copper, graphite, bauxite, and moissanite would be taken up for the initial study, the official said.

GMDC's Q2 net profit surges nearly four-fold to Rs 151 crore

State-owned GMDC on Tuesday reported nearly four-fold rise in its consolidated profit at Rs 151.2 crore for the quarter ended September 30, 2022. The company had posted a consolidated profit of Rs 40.4 crore in the year-ago period, Gujarat Mineral Development Corporation (GMDC) said in a filing to BSE. The consolidated income of the public sector enterprise increased to Rs 591.4 crore in the July-September period from Rs 494.7 crore in the year-ago quarter, the filing said. GMDC is country's second largest lignite producer.

Chhattisgarh govt chalks out strategy for exploring rich minerals

Till now, more than 100 potential mineral blocks have been identified on the basis of exploration taken up by government agencies in Chhattisgarh

Rajasthan announces amnesty scheme for mining leases up to Mar 31, 2021

The mines department's Arrears and Interest Waiver Scheme, 2022, will be applicable to the outstanding dues of those in the business of minor minerals

17 mineral mines taken back from states over non-production: Pralhad Joshi

In March, Lok Sabha passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2021

India's trace mineral SPV plans equity top-up, ministries hold talks

The three promoter companies have promised to plumb in equity in the ratio of 40:30:30

Govt releases Natural Resource Accounting to track mineral, energy deposits

The asset accounts would help identify alternate economic and energy-based resources, and aid in developing an ecosystem for containing illegal mining

Bill in US Senate to curb US' dependence on China for critical minerals

The bill titled, 'Quad Critical Minerals Partnership Act', aims to reduce America's reliance on China, and protect the long term national security interests of the US and its allies

Indian Railways to map coal, mineral mines and ports to bridge connectivity

The Railways ministry mapping 48 mines, 29 ports across 52 districts

Cabinet approves amendment in MMDR Act to fix royalty of certain minerals

'The approval would ensure auction of mineral blocks in respect of glauconite, potash, emerald, platinum group of metals, andalusite and molybdenum thereby reducing imports of these minerals'

US bill to block defence contractors from using Chinese rare earth minerals

A new rare-earth bill was introduced in the US Senate on Friday, aiming to force defence contractors to end the use of rare earth minerals sourced from China by 2026

Govt notifies amended minerals concession rules to ease pricing pressure

New rules provide for sale of 50% of mineral produced from captive leases

China eyes $1 trn of minerals in Afghanistan with risky bet on Taliban

Kabul faces a growing economic crisis, with prices of staples like flour and oil surging, pharmacies running short on drugs and ATMs depleted of cash.

State-owned NMDC cuts prices of lump ore, fines by Rs 200 per tonne

State-owned NMDC on Monday said it has reduced the prices of lump ore and fines by Rs 200 per tonne each.

India imports bauxite worth Rs 390 crore until Jun 10: IIVCC

This, despite its position as the country with the fifth-largest deposits of the mineral in the world

Govt approves proposal for mineral reforms to boost production: Report

The Cabinet on Wednesday approved a proposal for mega mineral reforms, a move that will boost mineral production in the country

Mineral mining in need of FDI, modern technology: FIMI Director R K Sharma

He says, failure to attract investment in the same order as our geological siblings has kept India as a big net importer of minerals

India to launch deep sea mission in 3-4 months for exploration of minerals

India will soon launch an ambitious 'Deep Ocean Mission' that envisages exploration of minerals, energy and marine diversity of the underwater world, a vast part of which still remains unexplored