Page 5 - Mining

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

Gainwell to invest Rs 500 cr in mining equipment manufacturing in Bengal

Gainwell Engineering on Monday said it will invest Rs 500 crore to manufacture coal mining equipment, with license from global heavy equipment major Caterpillar, in West Bengal. The company said it entered into a technology licensing agreement with Caterpillar, which will enable it to manufacture equipment to support the growing coal production in India and for the global markets. Coal India will incur a capex of Rs 40,000-50,000 crore over the next 4-5 years and a large chunk of the investment would be in procurement of mining equipment. As a part of the agreement, Gainwell Engineering will also supply after-market spare parts and render service support to the existing active population of licensed Caterpillar room & pillar equipment and highwall miner. Gainwell Engineering is setting up its plant on 35 ares of land at Panagarh in West Bengal's Paschim Bardhaman district. "It will create employment opportunity for more than 250 highly skilled technicians, Gainwell CMD Sunil ...

Vedanta demerger call by March-end: Anil Agarwal

While the zinc business is already housed in a listed subsidiary, the plan is to demerge the aluminum, iron and steel, and oil and gas businesses into standalone listed entities

Essar hires former SAIL CMD Anil Chaudhary as head of metals and mining biz

He has also been the Chairman of International Coal Ventures (ICVL) and mjunction services

2 injured, several missing after landslide at mining quarry in Haryana

At least two people were killed when half a dozen dumper trucks and some machines were buried in a landslide at Dadam mining zone of Haryana's Bhiwani district on Saturday, police said. They said around half a dozen dumper trucks and some machines were buried under debris when the landslide took place in Tosham block. "At least two people have died in the incident," said Inspector Sukhbir of the Tosham Police Station over the phone. The dead are yet to be identified, he said, adding that rescue operations are underway.

Brazil's Vale sells coal assets to Jindal's Vulcan Minerals for $270 mn

Vulcan is a private company and part of $18-billion Naveen Jindal Group

Subdued demand reduced freight rates for mining, steel in Nov: Crisil

Freight rates for mining, cement, and steel have seen some corrections on-month in November as infrastructure-building activities were subdued, ratings agency Crisil said.

Vedanta sees multifold jump in second quarter profit to Rs 4,615 cr

Vedanta Ltd on Friday reported a multifold jump in consolidated net profit to Rs 4,615 crore for the quarter ended September 30, 2021. The company had posted a consolidated net profit of Rs 838 crore in the year-ago period, Vedanta Ltd said in a filing to the BSE. Its consolidated income during July-September 2021 increased to Rs 31,074 crore, compared with Rs 21,758 crore in the year-ago period. Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading oil & gas and metals companies. It has significant operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, and aluminium and power across India, South Africa, Namibia, and Australia.

Hindustan Zinc mined metal production rises 4% to 2,48,000 tonnes in Q2

The company's mined metal production was at 2,38,000 tonnes in the year-ago period.

JSPL to start mining at Kasia mine within a month: MD V R Sharma

Jindal Steel and Power Limited (JSPL) aims to start mining at Kasia iron ore block within a month, its Managing Director V R Sharma said. The integrated steelmaker on Thursday announced bagging of the block, which has total reserves of 278 million tonnes (MT). Speaking with PTI, Sharma elaborated on the company's plans with respect to starting operations at the Kasia iron ore mine, located about 17 km from JSPL's pellet plant in Barbil. "It is already an operational mine, we can start mining within a month once all statuary approvals are there," the MD said. He said JSPL will also put up a slurry pipeline from the pithead to its steel plant in Angul. This will help the company with 5-6 million tonnes of iron ore per year. The e-auction for the Kasia iron and dolomite mineral block was held on September 18, 2021. It was earlier owned and operated by Essel Mining and Industries. JSPL has been declared as the preferred bidder for the mine at a premium of 118.10 per cent. The mine h

Water stress poses credit risks for coal, mining and power sectors: Moody's

Water management is among the top environmental risks for countries and sectors in Asia, according to Moody's Investors Service.

Hindustan Copper undertakes projects to increase output, mining capacity

State-owned Hindustan Copper is taking requisite actions to increase the output from its mines and is also in the process of augmenting the mining capacity through expansion projects

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