Page 2 - Mining Industry

Remote but resource-rich Greenland occupies key position in warming world

Greenland is where climate change, scarce resources, tense geopolitics and new trade patterns all intersect, said Ohio University security and environment professor Geoff Dabelko

UAE president seeks collaboration with Pakistan in mining, minerals sector

UAE President Mohammed bin Zayed Al Nahyan on Sunday expressed interest in collaborating with Pakistan in the mining, minerals, and agriculture sectors. The UAE leader met Prime Minister Shehbaz Sharif in the Rahimyar Khan area of Punjab where he arrived on a private visit. According to Radio Pakistan, both leaders during the meeting expressed their shared commitment to deepening economic, political, and cultural ties. They discussed a wide range of issues, including economic collaboration, regional stability, climate change, and the promotion of mutual interests on the global stage. The UAE leader highlighted the UAE's keen interest in collaborating with Pakistan in the mining, minerals, and agriculture sectors. The UAE leader emphasised that this renewed economic vigour has created prospects for enhanced bilateral investment and collaboration. He reiterated commitment to enhancing its longstanding partnership with Pakistan, emphasising the importance of people-to-people connect

FISME recommends govt measures to address impact of protectionist policies

During a meeting with Chief Economic Advisor V Nageswaran, FISME representatives outlined several key recommendations to address these pressing issues

China proposes further export curbs on battery, critical minerals tech

Thursday's announcement does not say when the proposed changes, which are open for public comment until Feb. 1, could come into force

Coal production from captive, commercial mines rises 34% in Apr-Dec period

Coal production from captive and commercial mines rose 34.2 per cent to 131.05 million tonnes (MT) in the April-December period of the current fiscal year. Coal output from captive and commercial mines was 97.665 MT in the year-ago period, the coal ministry said in a statement. Coal output from captive and commercial mines was 18.40 MT in December, the coal ministry said in a statement. According to the Index of Eight Core Industries (Base Year 2011-12) released by the government, the coal sector has demonstrated a growth of 7.5 per cent (provisional) to 199.6 points in November 2024 as compared to 185.7 points a year earlier, the ministry said in a separate statement. The index of coal industry reached 172.9 points during April-November 2024 as compared to 162.5 points during the same period last year, demonstrating growth of 6.4 per cent among the all eight core industries. The ICI measures combined and individual performance of production of eight core industries -- cement, coa

Centre to address high mining taxes in upcoming consultations with states

The SC last year permitted states to impose additional taxes on mining activities, indicating that royalty collected by states under Sec 9 of the Mines and Minerals (Dev & Reg) Act, 1957 is not a tax

Humans will soon be able to mine on the Moon; four questions to consider

Now is the time to create the rules and regulations that will protect humanity's shared future in space and ensure the Moon remains a symbol and inspiration for generations to come

Govt to kick off critical minerals mission to bolster energy transition

India is set to kick off a national mission for the critical and strategic minerals sector as the country looks to propel its journey towards green energy transition and boost electric vehicle manufacturing capacity. While much of 2024 was spent in doing ground work, the next is poised to be a landmark year for India's mineral and mining sector. As the world races to secure vital minerals for renewable energy and emerging technologies, India gears up to take the centre stage with the launch of its much-touted Critical Mineral Mission in 2025. This mission, a bold and collaborative effort, will unite ministries, industries, R&D institutions, and global think tanks in a shared vision to secure a sustainable supply of the minerals that power tomorrow's world. With a series of high-profile roadshows abroad along with plans to acquire critical mineral assets in Australia, India is set to woo international investors and make its mark on the global mining map. Mines Secretary V L Kantha .

Tata Steel engages with NMDC, OMC to secure iron ore needs for future

Tata Steel has initiated discussions with state-run miners NMDC and Odisha Mining Corporation (OMC) to secure future iron ore supplies as the company ramps up its domestic steel manufacturing capacity. Tata Steel will also operationalise two new iron mines namely Kalamang West and Gandalpada as part of its strategy to ensure raw material security, the company's Vice President, Raw Material, D B Sundara Ramam told PTI. At present, Tata Steel meets its entire demand for iron ore, a key raw material used for manufacturing steel, from six iron ore mines operated by the company in Odisha and Jharkhand. Ramam said raw material plan has been carved out as leases of four mines -- Noamundi iron ore mine (being operated since 1925), Katamati and Khondbond (since 1933) and Joda East (1956) -- are expiring in March 2030. While two other mines NINL (Mithirda) and Vijay II will continue to remain operational. The mines came along acquisition of NINL plant and Usha Martin's steel business, he .

Uttarakhand's mining revenue doubles to Rs 650 crore in FY 2024-25

The state government has taken steps to make the mining sector transparent and robust using modern technology

3 million getting employment from mining in Rajasthan: CM Bhajanlal Sharma

Rajasthan Chief Minister Bhajanlal Sharma on Monday said the state has immense possibilities in mineral resources and about 30 lakh people are getting direct and indirect employment from mining. He said the mining sector also plays an important role in the state's revenue. So the priority of the state government is that the mineral wealth should be properly exploited and revenue in this sector should be increased. He instructed the officials to work by setting targets. He said the department should speed up the mining exploration work and identify new mining areas and make the auction process transparent. Sharma was addressing the review meeting of the Mines and Petroleum Department. He said the mineral resources should be used for the welfare of the public and transparency should be maintained in the entire process. He instructed the officials to form an assessment committee for various activities of the Mines Department and also organise its regular meetings. He also asked them

Cancel tungsten mining in Madurai district, CM Stalin tells PM Modi

Staunchly opposing the Centre's award of tungsten mining rights in Madurai district, Tamil Nadu Chief Minister M K Stalin on Friday urged Prime Minister Narendra Modi to cancel it and asserted that the state government will not allow mining there considering aspects such as a bio-diversity heritage site and people's opposition. A notified bio-diversity heritage site falls under one of the areas proposed for mining, and commercial mining in densely populated villages will definitely affect the people, who fear that their livelihood may be lost forever and hence, the state would never allow mining there, Stalin said, writing to Modi. Against the backdrop of protests by the people against proposed mining, Stalin pointed to the 'grim situation in Madurai district due to the Union government's award of tungsten mining rights,' and requested the immediate intervention of PM Modi to cancel it. The state had already raised its concerns on such auctioning of mining rights of critical and ...

Vedanta demerger: NCLT clears way for meetings of shareholders, creditors

Mining major Vedanta Ltd on Friday said the Mumbai bench of the NCLT has asked the company to call for a meeting of its secured and unsecured creditors and shareholders in the next 90 days to discuss the proposed demerger. The proposed demerger will create independent companies housing aluminium, oil and gas, power, steel and ferrous materials, and base metals businesses. The existing zinc and new incubated businesses will remain under Vedanta Ltd. "A meeting of the equity shareholders... be convened and held within 90 days from the date of receipt of the order," said a two-member bench of the National Company Law Tribunal (NCLT) comprising Technical Member Madhu Sinha and Judicial Member Reeta Kohli in its order dated November 21. Vedanta Chairman Anil Agarwal had earlier said the proposed demerger of the company's diverse verticals that represent more than 15 commodities will see it progress from being asset managers to asset owners. As the company passes through the transition .

BEML gets Rs 246.78 cr truck supply order from Central Coalfields

State-owned BEML on Thursday said it has secured an order worth Rs 246.78 crore from Central Coalfields Ltd (CCL) for the supply of rear dump trucks which are used in mining operations. As part of the order, BEML said it will supply 48 BH60M rear dump trucks, along with spares, and also provide after-sales service support. "BEML has secured a substantial order worth Rs 246.78 crore from Central Coalfields Limited (CCL)," it said. The trucks have been developed in-house with features like a 360-degree rear camera for comprehensive visibility and improved safety, an automatic fire suppression system for emergency preparedness, and an auto lube system to ensure seamless maintenance, BEML said in a statement. BEML CMD Shantanu Roy said, "This partnership further strengthens our resolve to contribute to India's growth by supporting critical sectors like mining with sustainable and advanced technologies, aligning with the nation's vision of self-reliance and global leadership in industr

Coal India's NCL plans to relocate Morwa township in MP for mining project

Coal India arm NCL is planning a huge rehabilitation and resettlement (R&R) project and is working on relocating the residents from the township in Madhya Pradesh's Singrauli, which has 600 million tonnes of mineable coal underneath, company's CMD B Sairam said. Talking to reporters here, Sairam said Morwa township in Singrauli, Madhya Pradesh, is spread across 927 hectares. The project, which is quite huge, will have its own share of challenges as it will involve relocation of the entire Morwa township of Northern Coalfields Ltd (NCL). "The good thing is that in this acquisition, the people are ready to relocate. So half of the problem is solved because the first resistance comes from the people only," the chairman and managing director (CMD) said. Once people are ready, the only thing to decide is the rates of the compensation and the R&R benefits, he said. For the last six months, NCL has been regularly negotiating with the people on rehabilitation and resettlement. "Based .

Mining tax by states: Tata Steel to file curative petition in Supreme Court

On July 25, a nine-judge Constitution Bench of the Supreme Court ruled that states have the power to levy cess on mining and mineral-use activities. Tata Steel's petition seeks a remedy to this order

Vedanta, Oil India, Hindustan Zinc emerge top bidders in mineral auctions

The latest awards follow a second-round auction held after the initial round failed to attract sufficient interest, as the government mandates at least three technically qualified bids per block

Govt to remove logistic cost to calculate metallurgical grade bauxite ASP

Revised conversion factor would apply to new mining leases granted following the notification

India, Saudi to boost cooperation in petrochemical, mining sectors

India and Saudi Arabia on Wednesday discussed ways to enhance cooperation in areas of fertilizers, petrochemicals, and mining to boost trade and investments. These sectors were discussed during a meeting between Commerce and Industry Minister Piyush Goyal and Saudi Minister for Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef in Riyadh. Goyal is in Riyadh on an official visit. "We further deliberated and explored potential areas for cooperation in the fertilizers, petrochemicals, and mining sectors," Goyal said in a post on a social media platform. Goyal also held bilateral talks with Khalid Al Falih, Minister of Investment, Saudi Arabia. "We engaged in insightful discussions on facilitating investments and explored significant opportunities for collaboration across sectors such as pharmaceuticals, automobiles and petrochemicals," he said. The minister also inaugurated the 'Lulu Wali Diwali' at the Lulu Hypermarket. "From the Apple orchards of Ladakh to the markets o

Madhya Pradesh hopes to get technology boost at mining conclave 2024

During the strategic and technical sessions of the conclave, there will be discussions on topics like coal and energy, limestone and cement industry and mineral beneficiation, among others