Page 5 - Mining

Chinese mining company opens $300 mn lithium processing plant in Zimbabwe

A Chinese mining company formally opened a USD 300 million lithium processing plant Wednesday in Zimbabwe, which has one of the world's largest reserves of the metal as demand surges globally because of its use in electric car batteries. Zimbabwe has the largest lithium reserves in Africa and has in recent years drawn investors in battery minerals from Canada, the United Kingdom and Australia, although China is the dominant player. The plant opened by Prospect Lithium Zimbabwe, an arm of Chinese company Zhejiang Huayou Cobalt, has a capacity to process 4.5 million metric tons of hard rock lithium into concentrate for export per year, Zimbabwe President Emmerson Mnangagwa said. Mnangagwa was present for the official opening of the sprawling plant in Goromonzi, about 80 kilometres (50 miles) southeast of Zimbabwe's capital, Harare. Lithium is the mineral of the present and the future ... and value addition will position our country as an emerging and competitive player in the global

India considers lithium mining royalty at 3% of London Metal Exchange price

At least dozen cos such as Adani Enterprises, Vedanta Ltd, Reliance Industries, Jindal Steel and Power Ltd, Himadri Chemicals and Korea's LX International are likely to take part in auction

Mining giant Glencore lends $250 million to rival Vedanta Resources

In return, VRL pledges 4.4 per cent stake in Vedanta to Glencore

Sustainable mining technology need of the hour: Minister Pralhad Joshi

Union Minister for Coal and Mining Pralhad Joshi was speaking at the inauguration of the first Mining Start-Up Summit at the Indian Institute of Technology, Bombay

Money for mining the seas: India considers political and financial risks

Legislative reform could create the environment for investments at a scale the government can hardly provide

Tata Steel signs business cooperation agreement with A&B Global Mining

Tata Steel on Thursday said it has signed an agreement with A&B Global Mining to harness new business development opportunities and deliver mine technical services. The steel major will closely work with ABGM India which will interface with their South African entity to explore business opportunities in India and abroad besides utilise each other's technical and strategic strengths to deliver projects across the mining and metals, including the steel value chain, a company statement said. ABGM will also collaborate with Tata Steel to deliver competitive integrated business solutions to the global mining industry, it said. "We started offering mine technical services commercially to the mining industry along with our partners, and this agreement will further complement our capabilities and capacities to raise the standards of such services in India in particular and internationally in general for more scientific and sustainable mine development, Tata Steel vice president (raw ...

Vedanta produces record aluminium and high refined metal in FY23

Mining major Vedanta Ltd on Monday said its aluminium and high refined metal production touched record levels in the last financial year. In a regulatory filing, the company said it posted "highest ever" aluminium production at 22.91 lakh tonnes during 2022-23, marginally up from 22.68 lakh tonnes in the preceding fiscal. Its high refined metal production rose 7 per cent to 10.32 lakh tonnes in the last fiscal. The company had produced 9.67 lakh tonnes of saleable metals, which include refined zinc, refined lead and silver integrated, in 2021-22. The company termed the refined metal production as "historic high" in the last financial year. The production of zinc from international business rose 22 per cent year-on-year to 2.73 lakh tonnes. In the oil & gas business, the company's average gross operated production across assets was at 1,42,615 boepd (barrels of oil equivalent per day). "Production from the Rajasthan block was at 1,19,888 boepd and from the offshore assets was at a

State-owned Coal India eyes digital transformation of mining operations

State-owned CIL on Friday said it has conceptualised a mega digital transformation programme to "reimagine" its mining operations. The move will help achieve the target of 1 billion tonnes (BT) of coal production by FY26. The coal behemoth launched the 'Project Digicoal' and a 'Digital War-Room' to monitor and assist this project at its headquarter in Kolkata. This project will help Coal India's (CIL) mining operations become future ready using advanced digital solutions, the public-sector unit said in a statement. "With the launch, the project went live in seven coal mines of CIL encompassing Gevra, Dipka and Kusmunda mines in SECL and Nigahi, Jayant, Dudhichua and Khadia mines in NCL," it said. CIL has roped in Accenture as its consultant to design and implement the project. "Launch of 'Project Digicoal' is an important milestone of digitalisation in CIL. This project will help make the processes efficient," CIL Chairman Pramod Agrawal said while launching the project. "The pr

Bharat Forge's subsidiary bags $155.5 mn order to export artillery guns

Bharat Forge has been consolidating its defence and aerospace business under Kalyani Strategic Systems with an aim to target export opportunities in the defence sector

Telangana HC quashes Obulapuram mining Co. case against IAS officer

In a major relief to senior IAS officer of the Andhra Pradesh cadre, Y. Srilakshmi, the Telangana High Court on Tuesday quashed charges against her in the Obulapuram mining case filed by the CBI

Why it might be better to mine the world's rainforests than farm them

Some 6,732 sq km of Indonesian forest has been granted to nickel mining concessions, a coalition of environmental groups wrote in a July letter to Tesla Inc.

Jordan, Egypt agree to raise cooperation in mining, petrochemicals, energy

Jordan and Egypt have agreed to increase their exchange of expertise in the fields of mining, petrochemical industry, oil and natural gas, according to a statement by Jordan's Ministry of Energy

Rajasthan relaxes minor minerals concession rules to promote legal mining

The relaxation in rules, a notification of which was issued on August 16, is part of the Ashok Gehlot government's 2022-23 Budget speech

Rajasthan enters uranium mining, issues LoI to Uranium Corporation

The Rajasthan government has forayed into the field of uranium mining by issuing a letter of intent (LoI) to Uranium Corporation of India.

Coal India plans green mining options through new technologies: Chairman

The comments come at a time when there have been concerns about global climate change on account of the burning of fossil fuels including coal, resulting into greenhouse gas emission.

Thermal coal demand to increase to around 1,500 MT by 2040: Joshi

The minister added that there was a need to be conscious about the environment and keep in mind the sustainable mining goals.

SC bans mining within 1-km radius of national parks, wildlife sanctuaries

The Supreme Court on Friday ordered that mining within the national parks and wildlife sanctuaries shall not be permitted

K'taka CM bats for sustainable mining through integrated planning

The Karnataka government allocated Rs 100 crore under the head 'Green Budget' in the state's general budget for 2022-23

New policy in six months to root out illegal mining: Punjab minister

Newly-appointed ministers of the Bhagwant Mann-led Punjab cabinet assumed charge of their departments here on Tuesday.

Coal India will not have luxury to retain loss-making mines: Official

Mining behemoth Coal India will not have luxury to retain its loss-making mines with its aim to remain competitive in the wake of privatisation of coal blocks, a senior government official said