Page 4 - Mines

Madhya Pradesh puts 51 blocks on auctions including 14 of critical minerals

Madhya Pradesh on Friday issued a tender notice for the auction of 51 mineral blocks, including 14 with critical minerals, according to a release. This is the highest number of mineral blocks notified for the auction in a single tranche by any state, the Mines Ministry said in the release. "Madhya Pradesh has announced the largest number ever of mineral blocks for auction. The state has issued Notice Inviting Tender (NIT) for auction of a record number of 51 mineral blocks on July 14th," it said. The 51 blocks comprise 14 minerals including strategic and critical minerals like graphite and vanadium, platinum group of elements (PGE) and also other major minerals such as manganese, bauxite, limestone, iron ore, base metal and gold. "13 blocks are for mining lease and 38 blocks are for composite licence," it said. While mining lease is given for mines with proven reserves, composite licence for mines where some level of exploration is needed. Madhya Pradesh auctioned 29 blocks in ..

Limestone mine collapse: NGT orders Rs 20 lk compensation to victim's kins

The National Green Tribunal has directed the District Magistrate of Bastar to pay a compensation of Rs 20 lakh to the families of each of the six workers who were killed in a limestone mine collapse in Maalgaon village in Bastar district of Chhattisgarh. The tribunal also ordered the district administration to pay a compensation of Rs 2 lakh to the three injured workers and asked the state to review its vigilance and regulatory regime to prevent such incidents in future. The NGT was hearing a matter where it had initiated suo motu (on its own) proceedings based on a media report about the death of six people, including five women, allegedly due to mine collapse. The incident occurred on December 2 last year in the village, which is under Nagarnar police station, around 12 km from Jagdalpur, the district headquarters. A bench headed by chairperson Justice A K Goel said, "We direct that the District Magistrate, Bastar may disburse a further amount of Rs 16 lakh to the heirs of each o

Centre in talks with states for 'pre-embedded' clearance of mines

In a bid to provide ease of doing business to mining players, the Centre is in talks with five states for "pre-embedded clearances" of 21 mines, including those of iron ore, coal and lignite, mines secretary Vivek Bharadwaj said on Tuesday. The government is also in the process to enact the Offshore Areas Mineral (Development and Regulation) Act, 2002, the senior ministry official said. The government is in talks with five states, including Odisha, Rajasthan and Gujarat, for pre-embedded clearance of 21 mines, Bharadwaj told PTI in response to a question about steps being taken for early operationalisation of auctioned mines. The miners will get pre-embedded clearances for various processes included in mining, like approval of the mining plan, forest clearances, environment clearances and other regulatory clearances, he said. "The move will help in early operationalisation of the mines. It takes 5 years (minimum) to make a mine operational. This will come to one-two months," he sai

Govt exploring possibilities of investing in lithium mines abroad

With requirement for lithium rising manifolds, the Central government is exploring the possibilities of investing in mines abroad, especially in Argentina and Australia

Nearly 70 countries still contaminated by mines, people being killed: UN

Landmines, which can be produced for as little as USD 1, do not distinguish between combatants and civilians. Their use violates international human rights and humanitarian laws

Land mine found near Army post in J-K's Poonch, destroyed, says official

A land mine was found near an Army post and subsequently destroyed in a controlled explosion in Jammu and Kashmir's border district of Poonch Saturday, officials said

Mineral production goes up by 9.7% in Nov 2022: Indian Bureau of Mines

The country's mineral production rose by 9.7 per cent in November as compared to the year-ago period, the mines ministry said on Tuesday

India identifies copper and lithium mines in Argentina; to acquire soon

In November 2022, the Indian government sent a team of geologists to South America to "assess potential lithium deposits"

Govt plans to invite bids to extract gold from dumps at Kolar mines

The Kolar fields, located about 65 kilometres (40 miles) northeast of Bengaluru, are among the country's oldest gold mines

Extensive exploration programme to find minerals stepped up in Rajasthan

Additional Chief Secretary (Mines and Petroleum) Subodh Agarwal said each part of the state was rich in some mineral

Rajasthan govt plans e-auctions for mines, minerals to boost production

Mines Minister Pramod Jain Bhaya said the auction of the mining plots increased the revenues of the state government and stopped illegal mining

Vedanta stock slips over dip in commodity prices despite in-line Q2 show

Soft prices of commodities including metals is weighing on investor sentiment

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.

Investments taking shape ahead of Rajasthan summit; 3k delegates may join

Around 2,000 people have got direct employment while conditions for indirect employment have been made

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

Govt plans to auction 17 non-operational mines surrendered by PSUs: Joshi

The government plans to put on auction 17 mines surrendered by public sector undertakings which could not put the blocks into operation, Coal and Mines Minister Pralhad Joshi said on Tuesday. The statement comes in the wake of the government making efforts to ramp up domestic coal production to ensure adequate availability of dry fuel to different sectors. "Just the-day-before yesterday (Sunday) I got 17 blocks back and they are very good blocks and I am putting them for auction now," Joshi said. Speaking during a conference on the Indian minerals and metals industry organised by NMDC and FICCI, the minister said many PSUs in the country in sectors like coal were sitting on big mines. The government decided to take away all those mines from the public sector undertakings which do not get into operation even after the lapse of five to six years and put them on sale. "I talked to the chief ministers and ministers of a few states and asked them the reasons for sitting on mines. These

Naveen Jindal group weighs aluminium foray, plans depend on mine

Company sees consumption rising as electric vehicles increase and light metals become more important

NMDC's steel plant sale may fetch enterprise valuation of up to $4 bn

Lenders, shareholders meeting to demerge steel company on Tuesday

Rajasthan enters uranium mining, issues LoI to Uranium Corporation

The Rajasthan government has forayed into the field of uranium mining by issuing a letter of intent (LoI) to Uranium Corporation of India.

Surat diamond industry pins hope on new mines amid staggered work

With some mines in Botswana being put to work, rough diamond trade could ease by 10% amid US sanctions on Russia's Alrosa which commands 27% global supply