Page 25 - Mining Industry

Mining, construction equipment industry may grow by 15-20% in 2021: ICRA

ICRA said the mining and construction equipment industry is likely to grow by 15-20 per cent in the calendar year 2021

Copper surges toward $10,000 as bulls swarm in to profits on global rebound

Producers worry that plans to boost mining royalties could stifle investment and make the country less competitive

Metal & mining stocks big laggard on bourses over the long term

BSE Metal up just 164% since Jan '05 against 645% rally in Sensex

National Aluminium Co gets mining lease for Utkal-E coal block in Odisha

National Aluminium Company Ltd (Nalco) on Friday said it has been granted the mining lease of Utkal-E coal block in Odisha. The lease has been granted by the Department of Steel & Mines, Government of Odisha, through a notification issued on April 12. As per the notification, the mining lease of Utkal-E coal block is over an area of 523.73 hectare, the company said in a filing to BSE. The initial capacity of the block is 2 million tonnes per year with a total mineable reserve of approximately 70 million tonne. Nalco has already executed the mining lease for Utkal-D coal block in March 2021. With the grant of Utkal D & E coal blocks, the total mineable coal reserve of the company will be 175 million tonnes, which will be pivotal in meeting the coal requirement of its captive power plant at Angul, Odisha. Sridhar Patra, CMD of the company said the NALCO team is very optimistic on starting the mining operation from Utkal-D coal block in this financial year. "With the grant of ...

Q4 results: Metals & mining firms riding high on the commodity price rally

Exports jumped 126 per cent year-on-year in March to 1.29 MT, compared with a monthly average of 0.65-0.75 MT in recent times

Metal and mining stocks' weight touches two-year high on Nifty50

Market cap of top 10 firms has risen 33% since January

New mining policy by month-end, says Karnataka Minister Murugesh Nirani

The new state mining policy with focus on the requirements of the coastal districts will be released by the end of this month, Karnataka Minister for Mines and Geology Murugesh Nirani has said

NMDC output up 65%, sales jump 51% despite pandemic, inoperative Donimalai

Production and sales in March were the highest ever in the company's history

Govt launches auctions for second tranche of commercial coal mining

In the upcoming auction, 67 coal blocks will be offered

Decoded: Why the industry is unhappy with amendments to mining law

The latest amendments come with the Bharatiya Janata Party-led central government opening up key sec­tors for greater private investment

Bill to allow private players in mining activities tabled in Rajya Sabha

The government on Monday introduced in Rajya Sabha a bill to amend the Mines and Mineral (Development and Regulation) Act

Allow pvt sector with enhanced tech in mining: Mines minister Joshi

Mines Minister Pralhad Joshi on Friday said the amendments in the mines and minerals act will help create employment opportunities

Expansion in newer business will reduce funding dependence: Coal India CMD

Competition from private players is not a worrying factor for CIL. Their role will be complementary to ours, said Pramod Agarwal

Vedanta's mining plant in Goa can't operate sans environment clearance: NGT

The National Green Tribunal has held that Vedanta's mining plant in Dharbandora area in Goa cannot operate without obtaining Environment Clearance (EC)

SC notice to govt on appeal against UltraTech's limestone mining project

The petitioners claim to be residents of the three villages where limestone mining will be undertaken.

Vedanta chief financial officer G R Arun Kumar resigns

Vedanta on Monday said G R Arun Kumar has resigned as chief financial officer (CFO) of the company. The company will announce the effective date of relieving of Kumar and details of the successor in due course, Vedanta Ltd said in a filing to BSE. "The board has taken note of the resignation of GR Arun Kumar from the post of Whole-Time Director & Chief Financial Officer of the company to pursue career outside of the Group," Vedanta said. Kumar has made invaluable contribution towards the company's growth and its transformation journey during his tenure of close to eight years, it added. Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading diversified natural resource companies with business operations in India, South Africa, Namibia, and Australia. Vedanta is a leading producer of oil and gas, zinc, lead, silver, copper, iron ore, steel, aluminium and power.

Treat Goa as special, need reform to revive mining: CM to NITI Aayog

Chief Minister Pramod Sawant on Saturday urged Prime Minister Narendra Modi to treat Goa as a special case regarding mining

China hikes half-year rare earth output quotas to record level: Report

China is the world's dominant producer of rare earths, a group of 17 minerals used in electric vehicles (EVs), consumer electronics and military equipment

Mining resumes at state-owned NMDC's Donimalai mine in Karnataka

State-owned NMDC on Thursday announced resuming mining operations at its Donimalai iron ore mine in Karnataka

Platinum prices surge to six-year high on brighter demand outlook

Market participants also await minutes of the U.S. Federal Reserve's Federal Open Market Committee meeting at the end of January, due on Wednesday