Page 4 - Mining Industry

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

Indian govt engaging with China on rare earth magnet issue: Official

India is engaging with Chinese authorities on the issue of restrictions on rare earth magnet exports, and domestic firms have received visas to visit China as part of efforts to ensure the supply chain remains unaffected, a senior official said on Thursday. The Chinese government in April imposed restrictions, mandating special export licences for seven rare earth elements and related magnets. "Efforts are on. In fact, when we last approached the Embassy of China , they had also issued visas to our companies, and they are in touch with Chinese authorities, and they are also finding means and ways by which the supply chain does not get impacted. So efforts are on in that direction," the official said. The automobile industry has sought government support in expediting approvals from the Chinese government for importing rare earth magnets used in various applications, including passenger cars. Critical materials include samarium, gadolinium, terbium, dysprosium, and lutetium, which a

Rajasthan's mines dept eyes record revenue with focus on dues recovery

Principal Secretary Mines and Geology T Ravikant said that a concrete strategy is being chalked out, which includes recovery of revenue dues

Hindustan Zinc joins international mining body amid sustainability push

As a part of the ICMM, HZL will adhere to 40 performance expectations covering environmental, social, and governance practices, with third-party validation applied across all its assets

Viceroy Research calls Vedanta Zinc International assets 'scrapheap'

Viceroy says Vedanta's Skorpion mine in Namibia is "worthless" and warns of debt risks; Vedanta insists the asset is strategic and remains committed to its revival

MMDR Bill proposes mine expansion, relief on critical mineral charges

Bill allows easier lease expansion for deep-seated minerals, waives charges for critical minerals, removes captive sale cap, and sets up mineral exchanges to boost mining output

Govt targets 1K patents in critical minerals by 2031 under national mission

National Critical Mineral Mission to support innovation in exploration, processing, and recycling of key minerals to boost domestic tech and reduce import dependence

Bajaj Auto cuts electric 2-W production by half amid rare earth shortage

Executive Director Rakesh Sharma told reporters in post-earnings call that they have already cut their e-2W production by as much as 50 per cent in July

New mining policy to ensure ease of business, faster clearances: Gadkari

Union minister Nitin Gadkari on Sunday said the mining policy being framed by the Centre would provide ease of doing business as all clearances will be given in three months so that the extraction process starts in the fourth month. He said all bottlenecks would be removed under the new mining policy. The Minister for Road Transport and Highways was speaking at the "India@100 charting Vidarbha's journey to a Developed India" in Nagpur. Talking about various developments taking place in Gadchiroli district in Vidarbha in the fields of mining and steel, he said a mining policy was being framed by the central government. "This mining policy came up for an approval in the cabinet meeting recently. However, the prime minister was not fully convinced about it and after I gave some suggestions, he (the PM) directed the cabinet secretary to discuss and review the policy with me," he said. Gadkari said he suggested that the policy should allow the mining process to start as soon as ...

Four IITs named centres of excellence under critical mineral mission

The government on Friday said it has recognised seven esteemed institutes, including four IITs, as Centres of Excellence under the National Critical Mineral Mission. The move follows the nod accorded on Thursday by the Project Approval and Advisory Committee. The centres of excellence will undertake innovative and transformational research to strengthen and advance the country's science and technology capability in the area of critical minerals. Critical raw materials form the crucial supply chain for emerging sectors of clean energy and mobility transition, in addition to advanced technology and strategic sectors like electronics, defence and space. The other institutes are IIT Bombay, IIT Hyderabad, IIT-ISM Dhanbad, and IIT Roorkee, the mines ministry said in a statement. Each CoE will operate as a consortium, on a hub-and-spoke model, to leverage R&D in critical minerals and pooling the core competence of each constituent under one umbrella. The Ministry had earlier called for

Vedanta Q1 net profit falls 11.7% to ₹3,185 crore on weak LME prices

While revenue rose nearly 6%, lower commodity prices weighed on Vedanta's bottom line; zinc and alumina operations hit record production levels in Q1FY26

India's industrial output growth dips to 10-month low of 1.5% in June

Industrial production growth in June fell to a ten-month low of 1.5%, due to weak mining and electricity output, following a revision in May's growth figure, as per National Statistics Office data

Quartz exports decline 34% in FY25 as China slashes import volumes

After three years of steady growth, India's quartz exports slipped to 916 kt in FY25 due to a sharp drop in demand from China, which had been the top buyer in FY24

Ola Electric, TVS charge up plans to beat rare-earth magnet crunch

Ferrite magnets are now globally considered a viable and cost-effective option due to their easy availability instead of rare-earth materials like neodymium, making it an affordable option

GMDC hits 18-month high. What's driving minerals stock 23% rally in 3 days?

GMDC stock rose 7% on Tuesday, and has more-than-doubled or zoomed 107% from its 52-week low hit on March 3, 2025.