Page 7 - Mining Industry

China cracks down on illegal mining amid escalating US trade tensions

Beijing enforces tighter export controls and whole-chain oversight of critical minerals as US-China trade and technology disputes intensify

India's critical mineral challenge threatens its 2030 economic goals

This is a vulnerability that a country expected to be the third-largest economy by 2030 cannot afford

Vedanta Ltd to raise Rs 5,000 crore via NCDs as profit surges in Q4

Mining conglomerate Vedanta Ltd on Friday said the committee of directors has approved raising up to Rs 5,000 crore via issuance of debentures. The committee approved issuance of 5 lakh unsecured, rated, listed, redeemable NCDs of face value of Rs 1 lakh each on a private placement basis, as per a regulatory filing by Vedanta. "The duly authorised committee of directors at its meeting held today... has considered and approved the issuance of unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) on a private placement basis... aggregating up to Rs 5,000 crore," the filing said. The issue will be listed on the BSE. Mining major Vedanta Ltd reported a 154.4 per cent increase in consolidated net profit to Rs 3,483 crore in the March quarter driven by lower production costs and higher volumes. The company had posted a net profit of Rs 1,369 crore in the year-ago period. The income of the company during the January-March period rose to Rs 41,216 crore from Rs 36,093 c

Trump admin reverses planned closures of 3 dozen US mine safety offices

The Donald Trump administration is dropping plans to terminate leases for 34 offices in the Mine Safety and Health Administration (MSHA), the agency responsible for enforcing mine safety laws, the Department of Labour said Thursday. Earlier this year, the Department of Government Efficiency (DOGE), created by President Donald Trump and run by Elon Musk, targeted federal agencies for spending cuts, including terminating leases for three dozen MSHA offices. Seven of those offices were in Kentucky alone. Ending the MSHA leases had been projected to save USD 18 million. Musk said this week that he's leaving his job as a senior advisor to the Trump administration. A statement released by a Labour Department spokesperson said it has been working closely with the General Services Administration "to ensure our MSHA inspectors have the resources they need to carry out their core mission to prevent death, illness, and injury from mining and promote safe and healthy workplaces for American ..

Realisation worries, capital expenditure likely to hit NMDC stock

In Q4FY25, volume growth picked up. NMDC implemented price hikes in FY25. In future, volume pick-up and stable realizations will be key

Rajasthan govt prepares action plan to auction minor mineral plots

Rajasthan prepares action plan for minor mineral plots auction

Industrial output growth dips to 2.7% in April, lowest in eight months

Industrial output slowed in April as mining contracted and electricity growth eased; capital goods saw robust growth while consumer non-durables remained weak

April 2025 IIP dips to 8-month low at 2.7%, manufacturing grows 3.4%

Among the sectors, manufacturing - which carries the largest weight in the index - grew 3.4 per cent, up from 3.0 per cent in March

Mining, construction equipment sector to reach $45 bn by 2030: Report

India's mining and construction equipment sector is expected to reach USD 45 billion in another five years, according to a report. "Currently valued at USD 16 billion, the sector is projected to grow at a 19 per cent CAGR, unlocking a USD 45 billion opportunity by 2030," according to CII-Kearney Report. Confederation of Indian Industry (CII), in collaboration with Kearney, has come out with a Vision Report for Making India a Global Manufacturing Hub in the Mining and Construction Equipment Sector. The report presents a bold Vision 2030 to position India as a global leader in mining and construction equipment (MCE) sector and outlines an action plan. India is now the fastest-growing MCE market among the top six global economies, surpassing even the US, Germany and Japan. According to the report, the mining and construction sector, a key enabler of infrastructure, energy, and industrial growth, commands a USD 18 trillion global market and contributes 16 per cent to global GDP. In In

NLC India Q4 results: Net profit rises over three fold to ₹468.36 crore

Despite a dip in mining income and other revenue, NLC India's Q4 profit surged as power revenue grew 9% year-on-year and the board proposed a ₹1.50 per share dividend

Adani Group deploys India's 1st hydrogen-powered truck for mining logistics

The truck comprises three tanks that can carry 40 tonnes of cargo for 200 kms of range, will be used to transport coal from Chhattisgarh's Gare Pelma III Block to the state's power plant

Rajasthan govt aims over ₹12,950 crore in mining revenue for FY26

Rajasthan is one of the leading mineral producers in the country, with 22 major minerals and 36 minor minerals

Deep sea mystery: 99.999% of Earth's ocean floor still remains unexplored

A new study finds that humans have visually explored just 0.001 per cent of the deep seafloor - leaving vast areas unknown and raising concerns about biodiversity, climate, and deep sea mining

Vedanta Resources proposes to repay $920 million debt in FY26: CFO Goel

Anil Agarwal-led Vedanta Resources Ltd (VRL), as part of its deleveraging exercise, has proposed to repay USD 920-million debt in the current fiscal year and about USD 675 million in the next, a company official said. The company has been gradually deleveraging its balance sheet, improving its capital structure, and lowering its financial costs by tapping bond markets as part of its liquidity management exercise. In a Q4 earnings conference call, Vedanta's Chief Financial Officer Ajay Goel said, "So USD 920 million is a debt repayment to do in the current year. Next year, FY27, it's about USD 675 million." The need for cash at VRL is declining rapidly, led by both deleveraging and refinancing, he said, adding that at the same time, overall cash flow at Vedanta India, given the augmented volume, compressed cost, is much higher. "So overall, we as a group in terms of cash management is historical best position," he explained. Last year, Vedanta firmly established itself as one of th

Vedanta Q4 results: Consolidated net profit rises by 154% to ₹3,483 cr

The mining major's net sales jumped by 13.9 per cent to Rs 40,455 crore in the January-March quarter on a year-on-year basis (YoY)

Vedanta expects demerger to complete by September, says CFO Goel

Anil Agarwal-led Vedanta Ltd expects to complete the demerger of its businesses by the September-end, according to a top company official. The company had earlier said it has pushed back its demerger by a quarter to June-July. Speaking with PTI, Vedanta CFO Ajay Goel said, "We are on track to finish (the demerger) by the second quarter end." "So, by the end of September, the demerger will reach a conclusion. So, it will be completed," he added. The approval of the demerger proposal will pave the way for the company's various business verticals to become separate entities. The mining firm had last year revised its demerger plan and decided to retain its base metal undertaking within the parent firm. Vedanta had earlier said post-demerger its existing businesses will be structured in six independent companies -- Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Ltd. However, later it revised the plan. Vedanta

Rajasthan govt taps rich mineral reserves to drive economic growth

Rajasthan's intensified focus on mining comes on the back of strong performance by the state's department of mines and geology

BEML hands over India's largest electric rope shovel to Coal India

State-owned BEML on Tuesday announced the official handover of an indigenously developed electric rope shovel to mining giant Coal India. The mining equipment was formally handed over to Northern Coalfields CMD B Sairam in the presence of Coal India CMD PM Prasad and BEML CMD Shantanu Roy, the company said in a statement. "In a major leap for India's mining sector and a powerful stride towards the government's Aatmanirbhar Bharat mission, BEML Ltd has launched the country's biggest indigenously designed and developed electric rope shovel -- BRS21," it said. The BRS21 is a high-capacity, electric rope shovel purpose-built for large-scale overburden removal in open cast mining operations. With an operating weight of 720 tonnes and a 21 cubic metre bottom dump bucket, it ranks among the most capable shovels globally. "The successful development of this colossal mining equipment by BEML in just 24 months speaks volumes of our engineering strength and collective resolve. It's not just

Metals tycoon Agarwal seeks mining reboot amid debt overhaul, Saudi push

Vedanta is also expanding the gamut of its operations by winning rights to mine critical minerals like nickel, chromium, platinum, and cobalt in India through November auctions

Coal India gains 2% as arm SECL inks ₹7,040 crore coal mining pact

Coal India stock was quoting at ₹402.80, up 0.99 per cent from Thursday, April 17 close of ₹398.85