Page 4 - Mines

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

Arbitration hearing set for January in Vedanta-Zambia copper mine dispute

Zambia's government accused Vedanta at the time of failing to honour licence conditions, including promised investment - accusations that Vedanta has denied.

India, Australia hold first Joint Working Group meet on coal, mines

Avenues for B2B collaboration on coal technology, transfer of technology, cooperation on skill development and training, issues related to coking coal import from Australia were discussed

With Taliban in power, China eyes lucrative rare-earth mines in Afghanistan

China appears to be eyeing to clinch lucrative projects to exploit mineral-rich Afghanistan as it calibrated its policy to recognise the Taliban government

Union at BHP's Escondida mine in Chile rejects contract, firm seeks talks

The talks, once confirmed by authorities, will last for 5 to 10 days, according to Chilean labor law. If no agreement is reached, a strike would begin

Govt plans incentive for starting production early from auctioned mines

The mines ministry plans to do the same through amendment of the mining rules and has sought comments and suggestions from stakeholders on the same.

Restarting stalled mines can help achieve $5 trn economy target: Agarwal

Metals and mining magnate Anil Agarwal on Tuesday said around 500 mines in the country are currently not operational due to various disputes

Repealing certain MMDR Act sections to send wrong signal to investors: FIMI

The repealing of certain sections of the MMDR Act amounting to cancellation of mining leases already granted would send a wrong signal to both domestic and global investors, said FIMI