Page 22 - Mining Industry

Mine over matter: Who will dig up India's new-found Lithium reserve?

The absence of an integrated mining policy for strategic metals and minerals and poor domestic capabilities could hinder exploitation of the recently discovered reserves

Equity investors remain bullish on metal and mining stocks, shows data

This has driven a wedge between companies' earnings and their market capitalisation

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

Hindustan Zinc in top 3 sustainable companies in metal-mining sector

Hindustan Zinc Ranks Among the Top 3 Sustainable Companies Globally in Metal and Mining Sector

NMDC in talks to invest in lithium exploration companies in Australia

Investment would be voa NMDC's Perth-based arm, Legacy Iron Ore, which is already prospecting for iron ore, gold and base metals there

Mineral production increases by 4.6% during September: Ministry of Mines

The index of mineral production of mining and quarrying sector in September 2022 at 99.5 was 4.6% higher as compared to the level in March 2021

Indian miners seek higher import tax on aluminium, zinc, copper products

India is the world's third-biggest primary aluminium producer

AM Mining India completes acquisition of debt-ridden Uttam Galva Steels

AM Mining India Pvt Ltd, part of ArcelorMittal and Nippon Steel joint venture, completed the acquisition of Uttam Galva Steels Ltd, a downstream steel manufacturer in Maharashtra

Centre allows 13 private agencies to do mining exploration operations

With this, there are now a total of 22 private agencies which are engaged in mineral exploration

Mining & metal companies see reversal of fortune in September quarter

Profits down 91% in Q2, driven by margin contraction because sales realisation did not keep pace with rise in expenses

Vedanta Q2 net profit falls 60% on higher expenses; revenue up 20%

Vedanta's oil and gas business also took a hit due to the windfall tax and lower crude prices in Q2, analysts said

Vedanta's net profit declines 61% to Rs 1,808 crore in July-September

Vedanta Ltd on Friday reported a 60.8 per cent decline in consolidated net profit at Rs 1,808 crore for the quarter ended September 30 on the back of higher expenses. The company had posted a consolidated net profit of Rs 4,615 crore in the year-ago period, Vedanta Ltd said in a regulatory filing. The company's expenses during the July-September period increased to Rs 33,221 crore from Rs 23, 171 crore in the year-ago period. Its consolidated income during the quarter under review increased to Rs 37,351 crore from Rs 31,074 crore last year. Vedanta is a diversified natural resources company.

Adani Enterprises announces establishment of two new subsidiaries

While Adani Disruptive Ventures aims to partner with businesses looking to create solutions through disruptive technology, Alwar Alluvial Resources will be engaged in minerals processing

Auto, banks rule the roost in H1FY23; IT and metal stocks laggards

M-cap of Adani group goes up 55.2%, while Tata and Ambani biz houses' declines 10%

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

SC raises annual iron ore production limit for 3 districts in Karnataka

The Supreme Court on Friday raised the annual iron ore production limit for Ballari, Chitradurga and Tumakuru districts in Karnataka. A bench headed by Chief Justice N V Ramana raised the annual iron ore production limit from 7 MMT to 15 MMT for Chitradurga and Tumakuru districts. For Ballari, it raised the limit from 28 MMT to 35 MMT a year.

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

Ashok Leyland unveils new tipper for construction, mining segments

Hinduja group flagship Ashok Leyland has unveiled the AVTR 4825 tipper equipped with a H6 engine aimed at serving the construction and mining segments, the company said on Friday. AVTR is the company's first modular truck platform that offers a range of trucks in the 19-55 tonne gross vehicle of weight (GVW) portfolio and has a slew of cabin and load body options for customers based on their requirements. "These tippers score high on fluid efficiency, durability and reliability. The powerful H6 4V engine, along with heavy duty drive-lines, delivers best-in-class performance with optimum gradability suitable for all construction and mining-related surface transportation," said Ashok Leyland head-medium, heavy commercial vehicle Sanjeev Kumar. The tippers are powered by the 250 hp H-series 4V 6-cylinder engine with the company's i-Gen6 technology that enhances the engine performance while ensuring lower cost of ownership. The drivability, reliability and faster turnaround time on rou

Tata Steel signs MoU with start-up for drone-based mining solutions

Tata Steel will also work jointly with AUS to provide exclusive drone-based solutions, including mine analytics and geo-technical mapping, to Tata Steel group companies

Exploration, imports, private firms: India's search for lithium spreads out

'White gold' need for electric car batteries is scarce in the country and getting expensive internationally