Page 5 - Mining Industry

China tightens grip on rare earth sector with silent quota release

China released the initial batch of quotas for the year just last month, without making the usual public announcement. Firms were instructed to keep the figures confidential

SCO summit: EAM Jaishankar flags conflicts, competition, coercion

Addressing his Shanghai Cooperation Organisation (SCO) counterparts in Tianjin, China, Jaishankar urged the grouping to remain true to its founding objective of combating terrorism and extremism

ICRA forecasts muted growth for mining and construction industry in FY26

ICRA predicts 2-5% growth for mining and construction in FY26 due to factors like erratic monsoons, delayed project awards, and rising equipment costs after regulatory changes

China's rare-earth metal exports spike to highest level since 2009

China's exports of rare earths in June climbed to their highest since 2009, according to official data, indicating a push by global buyers to get hold of the materials used to make powerful magnets

Govt proposes to align avg sale price of rock phosphate with global rates

Facing a DAP shortage, the Centre plans to link rock phosphate prices to global rates to encourage domestic production and reduce dependence on imports from Jordan, Morocco, and others

US short-seller Viceroy Research calls Vedanta a 'financial zombie'

Anil Agarwal-led Vedanta group rejected the allegations, calling the report "a malicious combination of selective misinformation and baseless allegations"

No immediate production impact due to rare-earth crunch: JSW MG Motor

Company says parts pipeline remains steady for now as orders placed in April are arriving; rare-earth supply disruption remains under close watch for future impact

BCCL restarts long-shut coking coal mine under private partnership model

First project under the Mine Developer and Operator (MDO) model to produce 52 million tonnes over 25 years

Govt awards seven-star ratings to three mines for green practices

Mines are rated on mine-level impact management, progressive mine closure and restoration, social welfare, and reporting, with three mines receiving seven-star ratings for their exceptional practices

India eyes foreign copper firms with overseas mining links: Govt report

The growing need for concentrate imports necessitates diversification of supply and foreign asset acquisitions, the government document said

Jindal Steel bags 50-year mining lease for Roida-I block in Odisha

Jindal Steel on Friday said it has bagged a 50-year mining lease for the Roida-I iron ore and Manganese block located in Keonjhar district of Odisha. The company has secured a letter of intent (LoI) from the Odisha government for the grant of the said mining lease, Jindal Steel said in a statement. Spread across 104.84 hectares, this mineral resource significantly enhances Jindal Steel's raw material security and underscores the company's commitment to integrated and sustainable steel production in India's mineral-rich eastern corridor, the statement added. "This mining lease is a critical enabler for our long-term vision of self-reliant steel production. With the Roida-I block, we are significantly bolstering our iron ore and manganese supply base, which will ensure operational stability, cost efficiency, and support our growth plans," Pankaj Malhan, Executive Director, Jindal Steel, said. The Roida-I Iron Ore and Manganese Block comes with an environmental clearance capacity of 3

PM Modi's foreign tour aims to boost cooperation in critical minerals

Prime Minister Modi's foreign tour focuses on enhancing cooperation in critical minerals, with key visits to Ghana, Namibia, and Argentina, as India seeks to secure essential resources for its economy

Mineral, metal output continues growth momentum in early FY26

India's production of key minerals and metals like iron ore, bauxite, and copper grew steadily in April-May FY26, signalling robust industrial demand

Hindustan Zinc eyes rare earth minerals, but production may take 5 years

Hindustan Zinc CEO says removing regulatory hurdles could fast-track mineral production in India

Hindustan Zinc contributes ₹18,963 cr to govt exchequer in FY25, shows data

The FY25 contribution of ₹18,963 crore by Hindustan Zinc included ₹4,154 crore in government royalties, ₹3,619 crore as corporate dividend to the government, ₹5,963 crore in indirect taxes

Industrial policy redux: India must counter the Chinese supply grip

China needs nothing critical from India - on the other hand, India needs $115 billion worth of goods every year from China to keep various parts of its economy going

Datanomics: India looks at options amid crunch of rare earth materials

China and the United States produced nearly 70 per cent and 11.5 per cent of the world's production of rare earth elements (REEs) respectively in 2024

Recycling industry to outgrow mining sector by 2050, says Tata Steel MD

He said the recycling sector presents opportunities in the form of designing steel for recycling and making good steel out of recycled materials

Hindalco Industries to acquire US-based AluChem for $125 million

Hindalco to acquire 100% equity in US-based specialty alumina maker AluChem for $125 million through Aditya Holdings LLC, aiming to double global alumina capacity by FY30

HCL to bid for critical mineral blocks with IOCL, GAIL, RITES: Official

Hindustan Copper Ltd , a Miniratna CPSE under the Ministry of Mines, plans to bid for critical minerals and rare earth element blocks along with other PSU's like Indian Oil Corporation Ltd (IOCL), GAIL (India) and RITES as part of its diversification strategy, a top official said. The copper company will soon enter into non-binding agreement with IOCL and GAIL (India) Ltd for this purpose. "Hindustan Copper (HCL) will participate in the auctions which will be coming up not only for copper blocks but also for blocks pertaining to critical minerals and rare earth minerals. "For example, if there is a critical mineral block or REE put up for auction by the Ministry of Mines & State Government, we will evaluate them and then HCL plans to tie up with PSUs on case to case basis to bid for those blocks, "Sanjiv Kumar Singh, Chairman and Managing Director, HCL told PTI in an interview. The company also plans to enter into pact with Coal India Ltd (CIL) for taking part in activities ...