Page 3 - Mining Industry

Vedanta bags 152 hectares Punnam manganese block in Andhra Pradesh

Vedanta has secured a manganese block in Andhra Pradesh through the auction route. The Punnam manganese block spans 152 hectares and is currently at the G4 level of exploration. The G4 level of exploration, known as reconnaissance, is the broadest and earliest stage of mineral exploration where broad areas are surveyed to identify potential mineral-rich regions. "The company has been declared as the preferred bidder for the Punnam Manganese block in Andhra Pradesh by the Department of Mines & Geology," Vedanta has said in a filing to BSE on Thursday. Grant of the composite license will be subject to fulfilment of conditions, including submission of a performance bank guarantee, statutory clearances, and execution of required agreements with the state government, the filing said. A composite license, officially called a prospecting licence-cum-mining lease, is a two-stage mining concession that grants the holder the right to both prospect (explore and determine the extent of a ...

Rajasthan govt plans new strategy to further raise mining

According to a mines department official, a "concrete strategy", which includes aspects like recovery of dues, is being developed

Auto Inc seeks closer ties with Centre for critical raw materials

It is working on a plan to secure supplies for next two-three quarters

Tega Industries, Apollo Funds to buy Molycop in $1.5 billion deal

Molycop, on the other hand, is a supplier of grinding media to the mining industry, with a focus on the manufacture and sale if grinding media and chemicals for use in both SAG mill and ball mills

India taps Myanmar rebels for rare earth supply amid China's tight control

The Ministry of Mines has asked both state-run and private companies to collect and transport rare earth samples from Kachin Independence Army (KIA)-controlled mines in northeastern Myanmar

Anglo American, Teck Resources to merge in second-largest mining deal ever

Under the proposed deal, which will require regulatory approvals, Anglo American shareholders would own 62.4% of new company Anglo Teck, while shareholders in Teck would hold 37.6%

Vedanta invests ₹12,500 crore to expand metals output for EV industry

Vedanta has invested Rs 12,500 crore to expand aluminium, zinc, copper, steel, nickel and ferrochrome capacity to support the growing demand from India's EV industry

GMDC stock rallies 11%, nears record high on heavy volumes; here's why

GMDC stock has zoomed 122% from its 52-week low of ₹226.20 hit on March 3, 2025, and now quotes close to its all-time high of ₹505 touched on February 5, 2024.

Govt clears ₹1.5k cr incentive scheme to promote critical mineral recycling

The Cabinet on Wednesday gave its go-ahead to a Rs 1,500 crore incentive scheme to promote recycling of critical minerals in the country. The decision was taken during the cabinet meeting held under the chairmanship of Prime Minister Narendra Modi. The scheme aims at developing recycling capacity in the country for the separation and production of critical minerals from secondary sources. These include e-waste, Lithium Ion Battery (LIB) scrap, and scrap other than e-waste & LIB scrap, such as catalytic converters in end-of-life vehicles. "The Union Cabinet...today approved a Rs 1,500 crore incentive scheme," the mines ministry said in a statement. This scheme is part of the National Critical Mineral Mission (NCMM), which is aimed at building the domestic capacity and supply chain resilience in critical minerals. Earlier, the government approved a Rs 16,300-crore National Critical Mineral Mission, with a total outlay of Rs 34,300 crore spread over seven years, aiming to achieve ...

A tepid start: India's critical mineral block auctions see weak response

In these auctions, the government grants two types of concessions: a mining lease allows the winning bidder to directly undertake mining operations

Critical mineral blocks auction: A snapshot of the progress so far

Since the launch of auctions for critical minerals in 2023, the government has offered 81 blocks across five tranches

Hindustan Zinc partners Epiroc to enhance safety in mining operations

Hindustan Zinc teams up with Epiroc to introduce collision avoidance systems, enhancing safety, efficiency, and sustainability across its underground mining operations in Rajasthan

MP gets ₹56,414 cr investment proposals at Katni mining conclave: CM Yadav

Madhya Pradesh Chief Minister Mohan Yadav on Saturday said the state received investment proposals of Rs 56,414 crore from eight companies during the Mining Conclave 2.0' held in the Katni district. Speaking at the daylong event, he said MP never lagged in mineral resources and is now rapidly moving to develop itself as the country's mining hub. The CM urged investors to set up industries in the state and assured full support from the government. Yadav said the conclave demonstrated the growing interest of industrialists from across the country in MP. He said investment proposals worth Rs 56,414 crore were received from eight companies, and they would energise the state to achieve further progress in the mining sector. The state government signed a Memorandum of Understanding (MoU) with Coal India Limited for the exploration, processing and development of critical minerals, he said. Another MoU was signed with TexMin ISM, Dhanbad, for the use of Artificial Intelligence, IoT (Inte

Rajasthan stone crushers delay 19-day strike after talks with govt

The strike was called against what these associations called "repressive" policies, administrative hurdles, and impractical rules of the government

China pledges to address India's rare earth mineral needs: Report

Chinese Foreign Minister Wang Yi is visiting India for the 24th round of border talks with Indian National Security Advisor Ajit Doval and is also due to meet Prime Minister Narendra Modi on Tuesday

Hindustan Zinc to expand into uranium mining if govt allows, says CEO

Hindustan Zinc is also looking to begin mining rare earth minerals in India, having won its first such block in the northern state of Uttar Pradesh earlier this year

Differences must not become disputes: S Jaishankar to China's Wang

India and China discussed trade, flights and border issues as Jaishankar told Wang Yi that relations must be guided by mutual respect and sensitivity while flagging rare earth curbs

Hindustan Zinc to invest ₹3,823 cr to build tailings reprocessing plant

The new plant, with a capacity of 10 million tonnes per annum (mtpa), is targeted for completion within 28 months. The company plans to double its production capacity

Electric 2W firms gear up to ride out China's rare earth magnet squeeze

Leading Indian two-wheeler manufacturer Bajaj Auto, according to senior sources, has imported light rare earth magnets (also called heavy rare earth-free magnets) from China

IREL seeks Japan, South Korea partnerships for rare earth magnet production

The miner aims to formalise talks with other countries on rare earth mining and technology partnerships and plans to seek IREL board approval for commercial magnet production this year, source said