Page 2 - Mineral

Mineral output index increases by 12.3% to 111.9 in August: Centre

India's mineral output increased by 12.3 per cent in the month of August as compared to the same month a year ago, the Centre on Monday said. The index of mineral production of the mining and quarrying sector for the month of August 2023 at 111.9, is 12.3 per cent higher as compared to the level in the month of August 2022, according to provisional data from the Indian Bureau of Mines (IBM). The cumulative growth for the April- August period over the corresponding period of the previous financial year is 8.3 per cent, the mines ministry said in a statement. In the month of August, the country's coal output was 684 lakh tonnes, lignite production was 28 lakh tonnes, bauxite was 14.28 lakh tonnes among others. Minerals like gold, phosphorite, manganese ore and iron ore showed positive growth. "Minerals showing negative growth include bauxite, zinc conc, lignite and lead.

Rs 82,000 cr collected under District Mineral Foundation till August: Govt

The mines ministry on Monday said Rs 82,370.79 crore has been collected under the District Mineral Foundation (DMF) till August this year. DMF is a non-profit body working for people and areas affected by mining-related activities in such manner as may be prescribed by the state government. "The total amount of funds collected under DMF comes to Rs 82,370.79 crore and the amount utilised stands at Rs 45,150.21 crore (August)," the Ministry of Mines said. As of August, DMFs have been set up in 644 districts in 23 states/Union Territories, while 17 states/UTs have DMFs in each district, the ministry said. States and UTs that have DMFs in all district include Andhra Pradesh, Bihar, Himachal Pradesh, Kerala, Uttarakhand, Uttar Pradesh, Punjab, Haryana, Chhattisgarh, Jharkhand, and Jammu & Kashmir.

NMDC's iron ore production rises 11.42% to 3.51 mn tonnes in April

State-owned NMDC Ltd on Tuesday reported an 11.42 per cent rise in its iron ore production of 3.51 million tonne (MT) in April 2023. It produced 3.15 MT of iron ore in the same month last year, NMDC said in a BSE filing. Last month, the company's sales rose by around 10 per cent to 3.43 MT from 3.12 MT in April 2022. Besides iron ore, Hyderabad-based NMDC is also involved in the exploration of a wide range of minerals like copper, rock phosphate, limestone, dolomite and gypsum.

ED attaches assets worth Rs 5.21 cr of Mineral Enterprises Ltd under PMLA

The assets attached are in the form of six immovable properties owned by the accused persons, 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.

Mineral block auctions to yield Rs 59,639 crore revenue

Auctions of mineral blocks have kicked off under the amended MMDR Act

States realised Rs 1,170 cr from illegal mining in four years

The amended MMDR Act provides for stringent punitive provisions for combating illegal mining

100 major mineral blocks to be auctioned in 2016-17: Narendra Singh Tomar

Notices for auction of 43 mines have already been issued