Page 9 - Mining Industry

L&T wins big order for freight handling in gulf worth Rs 1,000-2,500 crore

The project will include designing, procuring materials, constructing, and setting up advanced automated freight handling systems at two locations

Vedanta's Rs 1 trillion aluminium refinery to be built in Odisha's Raygada

Mining conglomerate Vedanta on Tuesday said the company's Rs 1 lakh crore aluminium refinery and smelter project will be set up in Raygada district of Odisha. The first phase of the project is expected to be commissioned in the next three years, which will be expanded later, company Chairman Anil Agarwal said. Vedanta in October last year announced that it will make Rs 1 lakh crore investment in Odisha to build a 6 MTPA alumina refinery and a 3 MTPA green aluminium plant. However, the place where it will be set up was not revealed then. Speaking on the sidelines of the state's business conclave, Utkarsh Odisha-Make in Odisha, Agarwal said, We will establish the aluminium refinery of 6 million tonnes per annum (MTPA) capacity and aluminium smelter of 30 lakh tonne capacity in Rayagada district. The total investment will be around Rs 1 lakh crore. He said the mining conglomerate has got Sijimali bauxite mine in Rayagada district, which is now being developed for exploration. During

Govt to invest nearly $2 billion to develop critical minerals sector

India identified 30 minerals, including lithium, as critical for its energy transition efforts and to meet the growing demand from industries

JSW Group to invest Rs 2,600 cr in copper mines, plant in Jharkhand

JSW Group on Monday said it will invest Rs 2,600 crore to develop and operate two copper mines and set up a copper concentrator plant in Jharkhand. The development marks JSW Group's foray into the copper business as part of its commitment to diversification and growth. "With a planned investment of Rs 2,600 crore, this marks a significant milestone in strengthening India's position in critical resources," it said in a statement. JSW Group said it has made a significant expansion into the mining of non- ferrous metals by winning the mine operator and developer (MDO) contract of two blocks of copper mines in Jharkhand from state-owned Hindustan Copper Ltd (HCL). "The project involves operationalising the two mines and setting up of a copper concentrator plant, with the total capital investment estimated to be Rs 2,600 crore," it said. On full-scale ramp up, the mines will have an ore capacity of three million tonne per annum (MTPA). The mines are likely to become part operational

Govt to launch critical mineral mission to boost production: Mines minister

Union minister G Kishan Reddy on Monday said the Centre will soon launch the National Critical Mineral Mission (CMM) to enhance domestic production, reduce import dependence, and encourage offshore mining auctions, while urging states to cooperate for sustained mining activities. Reddy made the remark after inaugurating the 3rd National Mining Ministers' Conference in Konark, in the presence of Odisha Chief Minister Mohan Charan Majhi, Bihar's deputy CM Vijay Kumar Sinha, Telangana deputy CM Bhatti Vikramarka Mallu, and other dignitaries and industry leaders. "The mission will soon get Cabinet approval. Union finance minister had announced about it in her budget speech. Import duty on critical mineral has also been made zero," Reddy said. Lithium, cobalt, copper, nickel and rare earth elements are known as critical minerals which are essential for manufacturing defence equipment and key technologies. Stating that India has already made a place in the global platform on critical ...

NMDC to extract diamonds worth $3.4 mn from mine near tiger reserve in MP

NMDC, which has not yet started new rounds of mining, is focusing on extracting and processing diamonds from ore stockpiles at its Panna mine

Over 400 mineral development projects in GSI's roadmap for 2025-26

The Geological Survey of India on Sunday said it has charted an extensive roadmap for the 2025-26 field season with around 1,065 scientific programmes, including 402 mineral development projects and a 16-per cent jump in the number of critical mineral initiatives. Within exploration activities, a significant focus has been placed on critical mineral exploration, with 227 dedicated projects targeting strategically important mineral commodities such as graphite, lithium and vanadium, the surveyor said in a statement. The GSI said it would spend Rs 300 crore on critical mineral exploration and investigation during the field season. "For the upcoming year 2025-26, GSI has formulated about 1,065 scientific programmes, which include 402 mineral development projects that have the potential to generate auctionable mineral blocks in the near future," it said. The Kolkata-headquartered GSI will also take up 167 mineral discovery projects having the potential to create promising areas for fut

Geological survey indicates presence of lithium in Odisha: GSI official

A recent Geological Survey of India study has indicated the presence of lithium a widely used metal in the production of glass, aluminum products and batteries in some districts of Odisha, a senior GSI official said on Sunday. Lithium reserves have earlier been found in parts of Karnataka and Jammu and Kashmir, he said. As such there is no major finding, but there are some indications of lithium presence (in Odisha). We are in a very preliminary stage, and therefore, should not make any claim. However, speaking geologically, some indications are there in the Eastern Ghat belt like in Nayagarh, Deputy DG of GSI Pankaj Kumar said. Kumar was speaking on the sidelines of a GSI meeting here ahead of the two-day National Mines Ministers' Conference in Konark, which commences on Monday. If Lithium is found in Odisha, it can pave the way for the establishment of electric vehicle manufacturing units in the state, an official said. Speaking to reporters, Union Mines Secretary V L Kantha R

Centre steps in as Karnataka's new mining taxes threaten steel sector

The Centre is exploring legal measures in response to Karnataka's new mining taxes, which could impact the mining and steel industries; the taxes, awaiting Governor's assent, have raised concerns

Vedanta Resources secures $300 million loan commitment for debt refinancing

In September 2024, Vedanta Resources raised $900 million in its first dollar bond issue in more than two years and later raised $800 million through another dollar bond issue in November

Remote but resource-rich Greenland occupies key position in warming world

Greenland is where climate change, scarce resources, tense geopolitics and new trade patterns all intersect, said Ohio University security and environment professor Geoff Dabelko

UAE president seeks collaboration with Pakistan in mining, minerals sector

UAE President Mohammed bin Zayed Al Nahyan on Sunday expressed interest in collaborating with Pakistan in the mining, minerals, and agriculture sectors. The UAE leader met Prime Minister Shehbaz Sharif in the Rahimyar Khan area of Punjab where he arrived on a private visit. According to Radio Pakistan, both leaders during the meeting expressed their shared commitment to deepening economic, political, and cultural ties. They discussed a wide range of issues, including economic collaboration, regional stability, climate change, and the promotion of mutual interests on the global stage. The UAE leader highlighted the UAE's keen interest in collaborating with Pakistan in the mining, minerals, and agriculture sectors. The UAE leader emphasised that this renewed economic vigour has created prospects for enhanced bilateral investment and collaboration. He reiterated commitment to enhancing its longstanding partnership with Pakistan, emphasising the importance of people-to-people connect

FISME recommends govt measures to address impact of protectionist policies

During a meeting with Chief Economic Advisor V Nageswaran, FISME representatives outlined several key recommendations to address these pressing issues

China proposes further export curbs on battery, critical minerals tech

Thursday's announcement does not say when the proposed changes, which are open for public comment until Feb. 1, could come into force

Coal production from captive, commercial mines rises 34% in Apr-Dec period

Coal production from captive and commercial mines rose 34.2 per cent to 131.05 million tonnes (MT) in the April-December period of the current fiscal year. Coal output from captive and commercial mines was 97.665 MT in the year-ago period, the coal ministry said in a statement. Coal output from captive and commercial mines was 18.40 MT in December, the coal ministry said in a statement. According to the Index of Eight Core Industries (Base Year 2011-12) released by the government, the coal sector has demonstrated a growth of 7.5 per cent (provisional) to 199.6 points in November 2024 as compared to 185.7 points a year earlier, the ministry said in a separate statement. The index of coal industry reached 172.9 points during April-November 2024 as compared to 162.5 points during the same period last year, demonstrating growth of 6.4 per cent among the all eight core industries. The ICI measures combined and individual performance of production of eight core industries -- cement, coa

Centre to address high mining taxes in upcoming consultations with states

The SC last year permitted states to impose additional taxes on mining activities, indicating that royalty collected by states under Sec 9 of the Mines and Minerals (Dev & Reg) Act, 1957 is not a tax

Humans will soon be able to mine on the Moon; four questions to consider

Now is the time to create the rules and regulations that will protect humanity's shared future in space and ensure the Moon remains a symbol and inspiration for generations to come

Govt to kick off critical minerals mission to bolster energy transition

India is set to kick off a national mission for the critical and strategic minerals sector as the country looks to propel its journey towards green energy transition and boost electric vehicle manufacturing capacity. While much of 2024 was spent in doing ground work, the next is poised to be a landmark year for India's mineral and mining sector. As the world races to secure vital minerals for renewable energy and emerging technologies, India gears up to take the centre stage with the launch of its much-touted Critical Mineral Mission in 2025. This mission, a bold and collaborative effort, will unite ministries, industries, R&D institutions, and global think tanks in a shared vision to secure a sustainable supply of the minerals that power tomorrow's world. With a series of high-profile roadshows abroad along with plans to acquire critical mineral assets in Australia, India is set to woo international investors and make its mark on the global mining map. Mines Secretary V L Kantha .

Tata Steel engages with NMDC, OMC to secure iron ore needs for future

Tata Steel has initiated discussions with state-run miners NMDC and Odisha Mining Corporation (OMC) to secure future iron ore supplies as the company ramps up its domestic steel manufacturing capacity. Tata Steel will also operationalise two new iron mines namely Kalamang West and Gandalpada as part of its strategy to ensure raw material security, the company's Vice President, Raw Material, D B Sundara Ramam told PTI. At present, Tata Steel meets its entire demand for iron ore, a key raw material used for manufacturing steel, from six iron ore mines operated by the company in Odisha and Jharkhand. Ramam said raw material plan has been carved out as leases of four mines -- Noamundi iron ore mine (being operated since 1925), Katamati and Khondbond (since 1933) and Joda East (1956) -- are expiring in March 2030. While two other mines NINL (Mithirda) and Vijay II will continue to remain operational. The mines came along acquisition of NINL plant and Usha Martin's steel business, he .

Uttarakhand's mining revenue doubles to Rs 650 crore in FY 2024-25

The state government has taken steps to make the mining sector transparent and robust using modern technology