Page 9 - Mining Industry

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 ...

Schemes planned at various levels to promote permanent magnet manufacturing

The schemes could be under the National Critical Minerals Mission (NCMM), announced in January

Rajasthan brings new rules to develop the mining-affected areas

For DMFT, 30 per cent of royalty amount is collected from old mines of major minerals and 10 per cent each from auctioned major mineral mines and minor mineral mines

Build good external relations for steady supplies of critical materials

Serious doubts have now emerged in many countries regarding dependence on other countries for critical materials because it is not easy to develop alternate sources of supplies quickly

Automakers gear up to roll out EVs without rare earth magnets by FY27

While companies remain tight-lipped about the development, most acknowledge that such a transition is essential to align with the rapid growth of the EV sector

Maruti Suzuki cuts near-term EV production amid rare earths crisis

India's top carmaker, which said on Monday it had not seen any impact yet from the supply crisis, now plans to make about 8,200 e-Vitaras between April and September

Beating China's mineral dominance requires more than removing bottlenecks

The challenge is not a small one, for it will affect almost every part of the economy - manufacturing, services, and even agriculture

Rajasthan mines department earns over ₹1,306 cr in first 2 months of FY26

The department has fixed a revenue collection target of ₹12,950 crore in FY26. It was among the top revenue generating departments in Rajasthan in FY25

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