Page 23 - Mining Industry
Govt releases Natural Resource Accounting to track mineral, energy deposits
The asset accounts would help identify alternate economic and energy-based resources, and aid in developing an ecosystem for containing illegal mining
 "Govt releases Natural Resource Accounting to track mineral, energy deposits")
Formation of mining conglomerate to enhance capacity: Hindustan Copper
Hindustan Copper CMD Arun Kumar Shukla suggested this to the government at a round-table discussion held during the 6th National Conclave on Mines and Minerals
 "Formation of mining conglomerate to enhance capacity: Hindustan Copper")
Musk hopes Tesla won't need to enter mining business: Report
While the idea of Tesla entering the mining business is quite exciting, CEO Elon Musk said he hopes the company would prefer it if it did not have to enter the industry
 "Musk hopes Tesla won't need to enter mining business: Report")
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.
 "Rajasthan enters uranium mining, issues LoI to Uranium Corporation")
Vedanta pledges 5.77% stake in Hindustan Zinc for Rs 8,000-cr term loan
The Cabinet Committee on Economic Affairs had last month approved the sale of the government's remaining stake of 29.5% in Hindustan Zinc
 "Vedanta pledges 5.77% stake in Hindustan Zinc for Rs 8,000-cr term loan")
ED raids 20 locations linked to Jharkhand CM's close aide, claims BJP MP
BJP MP said that places linked with Jharkhand Mining Department Secretary Pooja Singhal in Ranchi, Delhi, Rajasthan, and Mumbai are being raided
 "ED raids 20 locations linked to Jharkhand CM's close aide, claims BJP MP")
NMDC conducts e-auction of 8,337 carats rough diamonds from Panna mines
State-owned NMDC on Thursday said it has conducted an e-auction of 8,337 carats rough diamonds produced at its Panna diamond mines in Madhya Pradesh.
 "NMDC conducts e-auction of 8,337 carats rough diamonds from Panna mines")
Mining firm BHP first-half profits beats estimates, triggers talk of M&A
Iron ore prices, however, have halved from last year's record levels as China's push to curb emissions and easing construction activity in the country's debt-laden property sector curtailed demand
 "Mining firm BHP first-half profits beats estimates, triggers talk of M&A")
Brazilian mining firm Vale drops $1.2 billion claim in Steinmetz dispute
Vale and Steinmetz have been locked in a multi-pronged legal battle for years resulting from a failed mining joint venture in Guinea
 "Brazilian mining firm Vale drops $1.2 billion claim in Steinmetz dispute")
World's biggest miners brace for change after period of 'bumper profits'
The pandemic has been a double-edged sword for the sector over the six months and China's economy is adding to the uncertainty.
 "World's biggest miners brace for change after period of 'bumper profits'")
Rahul woos voters in Goa's mining belt, promises to restart industry
Congress will restart the mining industry as soon as the party forms government, Gandhi said, campaigning ahead of the February 14 elections
 "Rahul woos voters in Goa's mining belt, promises to restart industry")
Anil Agarwal weighs merger of holding company with cash-rich India unit
The businessman has held preliminary discussions with prospective advisers about the idea of combining Vedanta Resources Ltd. with Vedanta Ltd.
 "Anil Agarwal weighs merger of holding company with cash-rich India unit")
Toll in Jharkhand mines mishap rises to 5, many still feared trapped
The government formed a Special Investigation Team (SIT) to probe the mishap
 "Toll in Jharkhand mines mishap rises to 5, many still feared trapped")
Goa's mining industry to resume with 'double force' after polls: Amit Shah
Amit Shah assured that the iron ore mining industry in Goa will start functioning with "double force" through a transparent auctioning process after the elections
 "Goa's mining industry to resume with 'double force' after polls: Amit Shah")
Nifty50 firms' combined net profit seen rising 25% in third quarter
Metal and mining firms expected to lead earnings growth
 "Nifty50 firms' combined net profit seen rising 25% in third quarter")
CCI orders probe against IREL for abuse of dominant position
Competition Commission has ordered a detailed probe against state-owned IREL (India) Ltd, which is into mining and production of minerals, for alleged abuse of dominant position.
 "CCI orders probe against IREL for abuse of dominant position")
Govt must ensure enough mining blocks for everyone: JSPL's Naveen Jindal
He said there are challenges in mining in India that need to be taken care of through a single window system
 "Govt must ensure enough mining blocks for everyone: JSPL's Naveen Jindal")
Vedanta promoters pledge shares to raise about Rs 6,000 crore
Promoter group firms pledged 242.26 crore or 65.18 per cent shareholding in Vedanta Ltd in three facility agreements to raise the money, a Vedanta Ltd's filing showed
National conclave on mining to discuss key issues, opportunities in sector
An award ceremony for five-star rated mines for noteworthy performance will be another highlight of the one-day conclave
 "National conclave on mining to discuss key issues, opportunities in sector")
Metals & mining companies report record earnings in H1 of FY22
Net profit rises to Rs 82,500 crore; accounts for 20% of India Inc's combined net profit
 "Metals & mining companies report record earnings in H1 of FY22")