Page 5 - Mining Industry

BHP Group has made renewed bid approach to Anglo American: Report

Anglo American's market capitalisation is about $41.80 billion, while BHP's is around $132.18 billion, based on LSEG data.

The tough race for critical minerals continues despite viability fears

While the auction of mines has attracted high bids, just how many of these mines will actually be commercially viable remains to be seen

One dead, several feared trapped after stone quarry collapse in Sonbhadra

A 30-year-old mine worker's body was recovered from the rubble on Sunday morning from a stone quarry that collapsed here, a police officer said. Several more remain trapped under the rubble. Uttar Pradesh minister and local MLA Sanjeev Kumar Gond, who visited the spot in the Billi Markundi mining area after the collapse on Saturday evening, said "around a dozen labourers" might be trapped under the debris. Additional Director General of Police (ADG), Varanasi Zone, Piyush Mordia, said efforts are on to clear the debris. Police identified the deceased labourer as Raju Singh of Panari village of the same district. The ADG said clearing the rubble is taking time because it includes several heavy stones. Sonbhadra Superintendent of Police (SP) Abhishek Verma said that they were informed about the collapse at around 4.30 pm on Saturday at Obra Police Station. The caller said that several workers were buried under the debris after a portion of a stone quarry operated by Krishna Mining

No mining within 1 km of national parks, wildlife sanctuaries: SC

The Supreme Court has ruled that mining cannot take place within one kilometre of national parks and wildlife sanctuaries, extending earlier directions to all protected areas

Govt approves rationalisation of royalty rates for four critical minerals

The Union Cabinet approved rationalised royalty rates for graphite, caesium, rubidium and zirconium to encourage domestic mining and promote auctions of critical mineral blocks

Australian companies tap Indian partners amid critical mineral push

Pilot project in Jharkhand and Hyderabad tie-ups mark early gains as Australian mining technology companies eye local subsidiaries and Indian PSUs explore Queensland's mineral assets

Viability gaps threaten to trip India's race to secure critical minerals

While the auction of mines has attracted aggressive bidding - with many willing to pay high premiums - how many of those will actually be commercially viable remains to be seen

Japan to invest $300 mn in Pakistan's copper mine amid supply crunch

Situated in Pakistan's Balochistan province, the Reko Diq copper-gold mine is poised to become one of the world's five largest copper reserves, drawing Japanese financing and industrial support

Foreign mining firms assure rare-earth oxide supply under PLI scheme

BHEL had informally reached out to about 20 foreign mining and refining firms to check if they would be able to supply rare-earth oxides to the winning bidders of the scheme, according to a government

Untapped mines could save India $100 bn in imports annually: CSEP study

Policy hurdles, high royalties and red tape keeping global explorers away, warns report

India taps IISc as centre of excellence to boost critical minerals research

The Ministry of Mines has chosen IISc Bengaluru as a key hub for research and innovation in critical minerals, strengthening India's self-reliance in clean energy, defence, and advanced technologies.

CoalMin proposes escrow fund for underground coal gasification blocks

Stakeholders have 30 days to submit comments on draft rules mandating pilot feasibility studies, real-time groundwater tracking, and escrow funds for UCG mine closure

Australia launches First Nations mission to boost mining ties with India

Under the mission, a delegation including eight Mining Equipment, Technology and Services (METS) companies, all of which are Australian First Nations-owned, will visit India

BEML, Italy's Tesmec ink pact to introduce surface miner equipment in India

State-owned BEML on Friday said it has joined hands with Italy's Tesmec, S.p.A to introduce surface miner equipment for mining operations in the country. Surface miner equipment refers to heavy machinery used in open-cast mining operation. This includes surface miners, which cut and crush rock and soil without drilling or blasting. Other types of surface mining equipment include draglines, bucket-wheel excavators, blasthole drills, dozers, and large mining trucks. In a filing to the BSE, the company said, "BEML Ltd and Tesmec, S.p.A Italy have entered into a Memorandum of Understanding (MoU), for introducing surface miner equipment by BEML for mining application." Being India's leading mining and construction equipment manufacturer, BEML offers a comprehensive and diverse range of mining machinery for both opencast and underground mines. BEML produces machines such as hydraulic excavators, bulldozers, wheel loaders, wheel dozers, dump trucks, motor graders, pipe layers, tyre handl

Rajasthan to make 8 mines operational this year, fast-tracks clearances

Rajasthan targets 8 new mines in 2025, aiming to boost revenue to ₹12,980 crore, create jobs, and attract investment with fast-track clearances.

Meity for inclusion of rare-earth magnet recycling in PLI scheme

The IT ministry has urged the heavy industries ministry to expand the proposed PLI scheme for rare earth permanent magnets to promote recycling, citing India's growing e-waste challenge

Deep-sea opportunity: India must get the basics in place for growth

While the road map is ambitious, the present economic context too matters. External shocks often derail attempts to carry out internal reforms

Centre sets timelines to speed up work on auctioned mineral blocks

The amendment sets clear milestones between the issuance of the letter of intent (LoI) and the execution of mining leases, with penalties for delays and incentives for early production

Govt puts in place timelines to expedite ops of auctioned mineral blocks

The government on Sunday said it has amended the Mineral (Auction) Rules, 2015 to introduce timelines for different activities after the auction of mineral blocks to expedite their operations. The amendment has put in place milestones between the issuance of the letter of intent and the execution of mining leases, with imposing of penalties for delays and giving incentives for early production. The move aims at improving monitoring across the stages of mine development and preventing bidders from sitting on the blocks without beginning the operations. "As the latest step in its endeavour to fast-track operationalisation, the Ministry of Mines has notified amendment to the Mineral (Auction) Rules, 2015 on October 17, 2025 introducing intermediary timelines for various activities to be completed after issue of Letter of Intent till execution of mining lease," an official statement said. Under the amended rules, approval of the mining plan should happen within six months, environmenta

Mines ministry unlikely to cap bid premium in critical mineral auctions

The mines ministry rules out any move to limit bid premiums for critical minerals, even as aggressive offers raise questions over their commercial viability