Page 24 - Mining Industry

Govt notifies amended mineral conservation and development rules

The government has notified the amended mineral conservation and development rules, a move will that will improve mine planning practices

Mineral concession amendments to raise availability, ease pricing pressure

Major changes to mining industry include allowing part surrender of mines, permitting sale of up to 50% of minerals by captive owners and easy transfer of mines

Odisha govt approves projects worth Rs 640.55 crore under OMBADC

The projects worth Rs 640.55 cr were approved under Odisha Mineral Bearing Areas Development Corporation (OMBADC) in the sectors of the development of secondary schools

Vedanta Resources reduces net debt by $300 mn in first half of FY'22

Expects to further reduce its debt by $500 million in the second half of FY'22

MEAI raises concern over rising unemployment of mining professionals in Goa

The MEAI on Tuesday raised concerns over rising unemployment of mining professionals in Goa and the lost job opportunities due to the delay in arriving at a solution to restart mining in the state

World's biggest miner fired 48 workers in two years for sexual harassment

While harassment is a problem in workplaces around the world, isolated mines can be especially risky for women

BHP has fired 48 workers for sexual harassment since 2019

Group tells Western Australian government about inquiry investigating such incidents at mining camps in the mineral-rich state.

BHP, world's largest miner, in talks to sell multibillion oil, gas assets

Group in talks to sell global oil, gas business to Australia's Woodside after shedding some of its coal assets.

Illegal mining scam: CBI carries out searches at 15 locations

The CBI carried out searches at 15 locations on Wednesday in connection with illegal mining in Eastern Coalfields Limited (ECL) in West Bengal, the agency said.

Mining that matters

India's mining industry is now aspiring to move ahead with an action plan to auction maximum mineral blocks in the approaching years

Vedanta to invest Rs 6,600 cr on Balco expansion over 18-24 months

This would be first major investment after a long gap by Vendanta in the entity it acquired by purchasing majority government shareholding nearly two decades back.

Vedanta first quarter after-tax profit jumps four-fold to Rs 4,280 crore

As of June, net debt of the company was at Rs 20,261 crore

Here come the miners, with record profits & blockbuster dividends

Five big miners could report combined earnings of $85 billion; Rio Tinto, Vale and Anglo are due to report financial results this week

Tata Steel arm, Jindal Stainless sign MoU for chrome ore mining in Odisha

Tata Steel Mining Ltd and Jindal Stainless Ltd signed an MoU to jointly unearth chrome ore locked up in the boundary between their mines located at Sukinda in Odisha's Jajpur district

Govt revises timeline of second tranche of coal mine auctions

The last date for submission of bids has been extended to July 8, 2021.

Vedanta emerges as successful bidder for coal block for mining in Odisha

Vedanta has emerged as successful bidder for a coal block in Odisha which was put for re-bid in the second attempt of auction of blocks for commercial mining.

SAIL sits on 42 mn tonnes of sub-grade ore, mulls beneficiation plant

As on March 31, 2020, SAIL valued its inventory of 42.98 million tonne at net realisable value of Rs 3,792 crore.

Tata Steel Mining gets successful resolution applicant for Rohit Ferro-Tech

Tata Steel Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said on Sunday.

Coal India alive, sensitive to need of environmental protection: Chairman

Coal India chief Pramod Agrawal has said that the coal behemoth is alive and sensitive to the need of environmental protection and the PSU pursues sustainable mining practises persistently. The statement assumes significance especially when when there has been concerns about the global climate change on account of burning of fossil fuels, including coal, which releases green gases into the atmosphere. "Restoration of ecosystem, effective bio-reclamation, effective utilisation of water are followed with equal fervour and importance as production," Agrawal said in a communication. Coal India, he said, has planted close to 2 million saplings during FY'21 over an area of 862 hectares exceeding the target by 16 per cent. "CIL is alive and sensitive to the need of environmental protection and pursues sustainable mining practices peristently," the chairman said in his message posted on the company's website. Satellite surveillance indicates that in 51 major Open cast mines, producing mor

Bitcoin tumbles as China says to crack down on mining, trading activities

The world's largest and most popular cryptocurrency last traded down more than 6% at $38,293 after holding the $40,000 level for most of the Asian and London sessions