Page 6 - Mining

Metal & mining stocks big laggard on bourses over the long term

BSE Metal up just 164% since Jan '05 against 645% rally in Sensex

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

China hikes half-year rare earth output quotas to record level: Report

China is the world's dominant producer of rare earths, a group of 17 minerals used in electric vehicles (EVs), consumer electronics and military equipment

Domestic iron ore supplies may take time to ease

JSW Steel, AM/NS hold the key to iron ore supply woes

12 workers trapped week ago in China mine blast are alive: State media

The handwritten note said four of the workers were injured and that the condition of others was deteriorating because of a lack of fresh air and an influx of water

Vedanta Zinc International reopens Gamsberg mine in South Africa

Mining has started again following a closure in November when a pit wall collapsed

Mining reforms: Industry gives a thumbs up, environment concerns remain

Under the proposed reforms, captive mines would be allowed to sell 50 per cent of the minerals excavated in a year

After Oct surge, IIP again contracts by 2% in Nov despite festive season

Economists call for continuation of stimulus package in Budget

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.

2020, a 'gloom, doom and boom' year for metals amid Covid-19 pandemic

While Covid-19-led lockdowns across the globe destroyed demand in the early part of 2020, a supply cut-driven rally and sharp recovery in the auto sector have emerged as big themes

L&T bags orders for supply of 90 units of Komatsu Mining Equipment

Infrastructure major Larsen & Toubro (L&T) on Monday said it has receivedorders for supply of 90 units of Komatsu Mining Equipment. "The construction and mining equipment business of Larsen a Toubro... hassecured multiple orders for supply of 90 units of Komatsu Mining Equipment from Coal India subsidiaries, leading Infra companies engaged with the coal sector and customers from the cement and iron ore sectors," L&T said in a BSE filing. The company, however, did not disclose the value of the orders received. L&T MD&CEO S N Subrahmanyan said receipt of these orders from customers across various sectors "is a strong indication of the revival taking place in the mining industry, driven by the progressive and supportive policies of the Government of India." The company had recently won an order to supply 46 units of Komatsu Mining Equipment from Tata Steel. Shares of L&T were trading 0.93 per cent higher at Rs 1,159.90 apiece on BSE.

Industrial production grows 0.2% in Sep; turns positive after 6 months

The industrial output grew by 0.2 per cent in September, according to the Index of Industrial Production (IIP) data

Resuming mining in Goa to give much needed fillip to state economy: GCCI

GCCI made a case for the resumption of mining in the state, saying it will give much needed fillip to the state's economy in form royalty and taxes and also prove to be a viable source of livelihood

Vedanta board to meet on Saturday to consider first interim dividend

The total number of shares tendered by Vedanta Ltd's public shareholders fell 7 per cent short of the mandatory minimum 90 per cent for successful delisting.

Stockpiles of unsold iron ore at mine-heads are increasing: FIMI

FIMI has said that stockpiles at mine-heads are increasing and not allowing their export will amount to complete wastage of a material which can earn valuable foreign exchange for the country

NGT directs Rajasthan chief secretary to circulate guidelines on mining

Illegal mining remains a challenge and poses serious threat to environmental protection, the NGT said, directing Rajasthan's Chief Secretary to circulate guidelines on the issue at grass root level

Mining: Major investors anticipate potential in liberalised rules

Mining companies say the plans to introduce an exploration-cum-production regime that the finance minister announced in May for 500 mineral blocks has not come a moment too soon

Procedure for forest clearance subverted, turned farcical, says report

Prime Minister Narendra Modi had announced in June that 41 new coal blocks would be opened for auction to the private sector

Digital mining to be source of transformational change, says FIMI

Miners' body FIMI on Thursday said digitalisation is challenging traditional industry lines and business models and there is a need for adoption of technology and digital mining in India

Mining, construction equipment sector may face 20% volume dip in 2020: Icra

The domestic credit rating agency said it continues to maintain negative outlook for the domestic MCE sector based on the prevailing overall scenario