Page 2 - Mining

IREL seeks Japan, South Korea partnerships for rare earth magnet production

The miner aims to formalise talks with other countries on rare earth mining and technology partnerships and plans to seek IREL board approval for commercial magnet production this year, source said

Indian govt engaging with China on rare earth magnet issue: Official

India is engaging with Chinese authorities on the issue of restrictions on rare earth magnet exports, and domestic firms have received visas to visit China as part of efforts to ensure the supply chain remains unaffected, a senior official said on Thursday. The Chinese government in April imposed restrictions, mandating special export licences for seven rare earth elements and related magnets. "Efforts are on. In fact, when we last approached the Embassy of China , they had also issued visas to our companies, and they are in touch with Chinese authorities, and they are also finding means and ways by which the supply chain does not get impacted. So efforts are on in that direction," the official said. The automobile industry has sought government support in expediting approvals from the Chinese government for importing rare earth magnets used in various applications, including passenger cars. Critical materials include samarium, gadolinium, terbium, dysprosium, and lutetium, which a

Govt targets 1K patents in critical minerals by 2031 under national mission

National Critical Mineral Mission to support innovation in exploration, processing, and recycling of key minerals to boost domestic tech and reduce import dependence

Unscientific mining in Uttarakhand's Bageshwar risks disasters: Govt panel

A government-appointed panel has warned that unscientific mining in Uttarakhand's Bageshwar district is destabilising slopes, threatening villages and agriculture besides disrupting water sources in the fragile Himalayan region. The "Geological Assessment and Recommendations For Sustainable Mining Practices in Bageshwar District" report, submitted to the National Green Tribunal on July 30, called for sweeping reforms in mining practices and stringent monitoring to mitigate the risks. The assessment was conducted following rising complaints of landslides, cracks in houses, drying springs and crop losses in several villages around Bageshwar. The tribunal had sought an expert evaluation after local residents alleged that mining in the district was being carried out without regard for environmental safeguards. The panel, comprising experts from the Geological Survey of India, the Uttarakhand Landslide Mitigation and Management Centre, the Department of Geology and Mining and the Indian

Arcelormittal Q2 results: Net income surges over 3-fold to $1.79 billion

Steel and mining major ArcelorMittal on Thursday posted an over threefold jump in net income to USD 1,793 million in the June quarter, primarily due to the impact of exceptional items. The company, which also has a presence in India through JV AMNS India, had posted a net income of USD 504 million in the corresponding period of the previous fiscal. The net income is attributable to equity holders of the parent company. Luxembourg-based ArcelorMittal follows January to December as its financial year. Net income increased to USD 1,793 million in the second quarter of 2025 compared to USD 805 million in the first quarter of 2025, primarily due to the impact of USD 0.8 billion exceptional items (net of impairments and tax effects), ArcelorMittal said in a statement. Net income in H1 or January-June 2025 also rose to USD 2,598 million compared to USD 1,442 million in the six months of 2024, mainly driven by USD 0.8 billion in exceptional items (net of impairments and tax effects) and .

Govt awards seven-star ratings to three mines for green practices

Mines are rated on mine-level impact management, progressive mine closure and restoration, social welfare, and reporting, with three mines receiving seven-star ratings for their exceptional practices

Midwest Advanced Materials bets ₹1,000 crore on rare earth magnets

Hyderabad-based MAM to start 500-tonne annual rare earth magnet output by December and invest ₹1,000 crore in three years to scale capacity and secure raw material

Automobiles to pharma & healthcare: Earnings winter to persist in Q4FY25

Past champions such as banks, oil & gas and automotive seen as laggards

Rahul Gandhi writes to PM, seeks tenders' cancellation for offshore mining

Leader of Opposition in the Lok Sabha Rahul Gandhi has written to Prime Minister Narendra Modi seeking cancellation of tenders permitting offshore mining along the coast of Kerala, Gujarat, and Andaman and Nicobar Islands. Flagging the threat to marine life, the Congress leader said opening up offshore mining blocks to private players without any rigorous assessment of its impact was concerning. "I write to you to strongly condemn the central government's decision to permit offshore mining along the coast of Kerala, Gujarat, and Andaman & Nicobar," he said in his letter to the prime minister. Gandhi said coastal communities have been protesting against the manner in which tenders for offshore mining have been floated without evaluating its environmental impact. Millions of fisherfolk have expressed grave concerns about its impact on their livelihood and way of life, he said. "I wrote to PM Modi to condemn the permission granted for offshore mining in Kerala, Gujarat, and the ...

India to sign MoU with Israel and Saudi Arabia for critical minerals

Minister Reddy announced the deployment of 20 nodal officers in international locations that have the potential for critical minerals

Vedanta declared preferred bidder for diamond block in Madhya Pradesh

It said it is the highest bidder with a final price offer of 1.10 per cent

India Inc to boost capex as Budget drives infra, manufacturing, mining

The Economic Survey released on Friday emphasised that the private sector must take the lead in driving economic growth

Securing critical minerals: India's new mission for future growth

There is, of course, an important national-security element to this effort. Globally, the extraction and processing of critical minerals are dominated by China

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

Assam mining tragedy: Search, rescue operations in Dima Hasao enter day 7

Rescue operations are being carried out by multiple agencies, including NDRF, SDRF, army and navy personnel, with drones deployed for mapping of the area

16 mining labourers abducted in Pak's Khyber Pakhtunkhwa province

At least 16 labourers working on a uranium and plutonium mining site in Pakistan's restive Khyber Pakhtunkhwa province were abducted by unknown armed men on Thursday, sources said. The labourers were abducted from a vehicle en route to the Atomic Energy Mine Project site in Lakki Marwat district. Later, the abductors set the vehicle on fire in the Qabal Khel area. The gunmen shifted the labourers to an undisclosed location. No group claimed responsibility for the abduction. The banned Tehreek-i-Taliban Pakistan (TTP) is active in the area and has been blamed for such abductions in the past. The TTP, set up as an umbrella group of several militant outfits in 2007, is believed to be close to al-Qaeda. The group has been blamed for several deadly attacks across Pakistan. This incident highlights the deteriorating security situation in the region. In July last year, the Khyber Pakhtunkhwa Home Department issued a travel advisory for government officials and employees in the Bannu ...

Govt to sign pact with Mongolia soon in area of geology and exploration

Mongolia is rich in deposits of copper and coking coal, and India is mostly dependent on imports to meet rising demand for the red metal

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

Tamil Nadu vows to block Hindustan Zinc tungsten mining in green zone

Assembly resolution urges Centre to not grant any mining licence without the permission of state governments

Cancel tungsten mining in Madurai district, CM Stalin tells PM Modi

Staunchly opposing the Centre's award of tungsten mining rights in Madurai district, Tamil Nadu Chief Minister M K Stalin on Friday urged Prime Minister Narendra Modi to cancel it and asserted that the state government will not allow mining there considering aspects such as a bio-diversity heritage site and people's opposition. A notified bio-diversity heritage site falls under one of the areas proposed for mining, and commercial mining in densely populated villages will definitely affect the people, who fear that their livelihood may be lost forever and hence, the state would never allow mining there, Stalin said, writing to Modi. Against the backdrop of protests by the people against proposed mining, Stalin pointed to the 'grim situation in Madurai district due to the Union government's award of tungsten mining rights,' and requested the immediate intervention of PM Modi to cancel it. The state had already raised its concerns on such auctioning of mining rights of critical and ...