Page 4 - Mining Sector

Mining & metal companies see reversal of fortune in September quarter

Profits down 91% in Q2, driven by margin contraction because sales realisation did not keep pace with rise in expenses

Stocks to Watch: SBI, HDFC Bk, RITES, Reliance, PNB, Mining, South India Bk

Stocks to Watch Today: Banks and rate sensitive related shares are likely to be in focus today as RBI announces the outcome of its three-day policy meet this morning.

Indian envoy Abhay Kumar talks cooperation with Madagascar in mining sector

India imports many thousand tonnes of nickel every year which is a key ingredient in EV batteries. Madagascar can be a source of nickel and cobalt import for India as well as coal and gold

Multiple tailwinds in NMDC point to major upside, mine-lease premium weighs

Favourable demand-supply situation pushing up ore prices, value unlocking through demerger, high dividends and cheap valuations are key positives

Govt may push more reforms in mining sector 'very shortly': Joshi

Coal and Mines Minister Pralhad Joshi on Thursday said the government might come out with some more reforms in the mining sector "very shortly".

Few takers for metal stocks, investors better off betting on auto: Analysts

Analysts underweight despite metals index's better dividend yield, lower P/E versus Sensex

Mining that matters

India's mining industry is now aspiring to move ahead with an action plan to auction maximum mineral blocks in the approaching years

Here come the miners, with record profits & blockbuster dividends

Five big miners could report combined earnings of $85 billion; Rio Tinto, Vale and Anglo are due to report financial results this week

Metal and mining stocks' weight touches two-year high on Nifty50

Market cap of top 10 firms has risen 33% since January

Karnataka govt allows re-opening of stone-mining, crusher units: Minister

Mines and Geology Minister said the closure of stone quarries and crusher units resulted in revenue loss

Decoded: Why the industry is unhappy with amendments to mining law

The latest amendments come with the Bharatiya Janata Party-led central government opening up key sec­tors for greater private investment

75 coal mines to go under the hammer in second round of auction

In order to keep the interest of new and small players intact, the coal ministry is offering only small- and medium-sized coal mines in the second round

Boost to production and pvt investment as mining reforms get green signal

Centre removes distinction between captive and merchant mines, will amend the Mines and Minerals (Development and Regulation) Act, 1957 to enforce reforms

Singing star Akon enters Congo mining sector in JV with state company

DAKAR (Reuters) - A company led by American-Senegalese R&B singer Akon has signed a deal to finance a copper and cobalt mine in the Democratic Republic of Congo in a joint venture with a state miner, according to a contract published by the mines ministry.

Ashapura Minechem hits upper circuit for 3rd day; stock zooms 100% in 7 wks

For the April-June quarter (Q1FY21), the company had reported standalone profit before tax (PBT) of Rs 9.23 crore against Rs 1.15 crore in the year-ago quarter.

NLC India to roll out power, mining projects worth over Rs 43,000 crore

The company signed a JV agreement with Coal India Ltd (CIL) to set up 5000 Mw of solar and thermal projects. These projects are expected to commence between 2023 and 2027

GDP data: No surprises here; need different policy measures to stem the rot

The only sector to show growth is agriculture, while the government sector disappointed with public admin de-growing by 10.3 per cent

Vedanta Group's Gen Z in JV with Australian firm to make mining products

Will set up a Rs 250 cr unit in Rajasthan's Bhilwara, production likely in December or January

Auction for commercial coal mining begins with investor-friendly rules

There is effectively no strict eligibility criterion for participating in the auction. The companies/joint ventures should be registered in India.

'Atmanirbharata' in coal sector: PM to address mining auction launch event

President, FICCI, Dr Sangeetha Reddy, Chairman Vedanta Group Anil Agarwal and Tata Sons Chairman N Chandrasekharan will also speak during the event