India launches first offshore mineral auction, marking entry into undersea resource exploration
Nov 29, 2024, at 06:05 am
New Delhi: The Ministry of Mines launched India's inaugural auction of 13 offshore mineral blocks on Thursday, marking a major step into the exploration and development of undersea resources within the nation's maritime territories.
Mining major Vedanta Ltd returns back to profit, reports Rs 4,352 cr profit in Q2FY25
Nov 09, 2024, at 01:15 am
Mumbai: Vedanta Ltd, led by billionaire Anil Agarwal, posted a net profit of Rs 4,352 crore for the September quarter, contrasting with a loss of Rs 1,783 crore in the same period last year, largely due to lower taxes.
Mining major Vedanta to invest Rs 1 lakh cr in Odisha
Oct 19, 2024, at 05:25 am
Mumbai: Vedanta, a major player in metals and mining, announced plans on Friday to invest Rs 1 lakh crore in Odisha to establish a 6 million tonne per annum (MTPA) alumina refinery and a 3 MTPA green aluminium plant, media reports said.
Vedanta shares surge 3% to hit record high, up 100% in CY24
Sep 27, 2024, at 06:50 pm
Mumbai/IBNS: Shares of mining giant Vedanta continued their impressive rally on Friday (Sept. 27), marking gains for the fifth consecutive trading session.
Govt to boost India's critical minerals self-reliance with financial incentives
Aug 15, 2024, at 05:24 am
New Delhi: The government announced on Wednesday its plans to introduce financial incentives for the development of critical minerals, including lithium, as part of its National Critical Minerals Mission.
Coal India to explore lithium blocks in Argentina in collab with US company: Report
Jun 18, 2024, at 10:22 pm
New Delhi: State-owned Coal India Ltd is exploring lithium blocks in Argentina in collaboration with a US company to secure supplies of this crucial battery material, reported Reuters.
Govt planning to conduct another round of auction for J&K lithium reserves
Mar 23, 2024, at 05:34 am
New Delhi: The Central government is planning to conduct another auction for lithium reserves in Jammu and Kashmir as part of a third round, media reported citing sources.
India's mineral production grows 6% YoY in Jan 2024
Mar 21, 2024, at 05:44 am
New Delhi: India’s mineral production of the mining and quarrying sector grew by 5.9% for the month of January, 2024 compared to the month of January, 2023.
Three mines up for bids on second day of commercial coal mine auctions
Mar 14, 2024, at 08:39 am
New Delhi: On the second day of auctions under the 9th round and 8th round, three mines were put up for auctions for commercial mining, the Ministry of Coal said on Wednesday.
Coal India reports record coal prodn of 704 MT till March
Mar 09, 2024, at 06:22 am
New Delhi: Coal India Limited (CIL) achieved a record production of 703.91 million tonnes (MT) of coal up to March 7 during the current fiscal, surpassing last financial year’s production of 703.20 MT by an impressive margin of 24 day, Ministry of Coal said.
Bids for 9th round and second attempt of 7th round of commercial coal mines’ auction opened today
Feb 21, 2024, at 04:37 am
New Delhi: The coal ministry Tuesday opened the bids for the 9th round and second attempt of the 7th round of commercial coal mines’ auction, which was launched on December 20, 2023.
Mukesh Agrawal appointed Coal India’s new Director (Finance)
Feb 09, 2024, at 05:07 am
Kolkata: Mukesh Agrawal took over as Director (Finance) of Coal India Limited (CIL), the Maharatna public sector coal mining monolith, on Thursday.
Scania India designates PPS Motors sole representative for its mining tippers in India
Dec 09, 2023, at 06:23 am
Kolkata/ Hyderabad: Scania Commercial Vehicles Pvt Ltd has entered into an exclusive partnership with PPS Motors, designating the company as the sole representative for Scania's mining tippers in India, according to a press release.
India to launch first-ever tranche of critical and strategic minerals auction on Wednesday
Nov 29, 2023, at 07:09 am
New Delhi: India's Ministry of Mines will launch the first tranche auction of critical and strategic minerals on Wednesday, an official press release said.
Mines Ministry to support start-ups, MSMEs for research in mineral processing
Nov 16, 2023, at 05:43 am
New Delhi: The Mines Ministry would invite proposals from start-ups, MSMEs and individual innovators to promote research and innovation in mining and mineral processing, according to a statement on Wednesday.
Vedanta Group sets up new unit in Saudi Arabia for copper business
Nov 16, 2023, at 03:07 am
Mining multinational Vedanta group has expanded its business with Malco Energy Ltd, its subsidiary, setting up a new establishment in Saudi Arabia for copper business for SAR (Saudi riyal) 1,00,000, media reports said.
Ministry of Mines to auction 20 blocks of critical minerals in next two weeks
Nov 15, 2023, at 03:53 am
New Delhi: Mines Secretary V.L. Kantha Rao on Tuesday said that the Ministry of Mines is in the process of auctioning 20 blocks of critical minerals including lithium and graphite in the next two weeks.
India's industrial production zooms 10.3 pc in August
Oct 13, 2023, at 03:46 am
New Delhi: India's index of industrial production (IIP) rose 10.3% year-on-year in August FY24 on the back of a surge in mining and electricity sector output, data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Thursday showed.
Cabinet approves royalty rates for mining of Lithium, Niobium and Rare Earth Elements
Oct 12, 2023, at 05:35 am
New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi approved the amendment to the Second Schedule of the Mines and Minerals (Development and Regulation) Act, 1957, also known as the MMDR Act, for specifying the rate of royalty in respect of three critical and strategic minerals, namely, Lithium, Niobium and Rare Earth Elements (REEs), the Ministry of Mines said.
Vedanta regains ownership & control of Zambia's Konkola Copper Mines
Sep 06, 2023, at 07:27 am
Mumbai: Vedanta Resources Limited has got back the ownership and operational control of Konkola Copper Mines (KCM) from the Zambian government.
Two coal mines put up for auction on 1st day of 7th round of commercial auction
Aug 02, 2023, at 04:41 am
New Delhi: Two coal mines were put up for auction on Tuesday, the first day of the commercial auction, after the evaluation of bids for commercial mining, the Coal Ministry said in a statement.
Andhra Pradesh has 47.17 tonnes of total gold reserves
Aug 01, 2023, at 06:23 am
New Delhi: Andhra Pradesh has 47.17 tonnes of total resources—5.3 tonnes of proven & probable reserves and 41.87 tonnes of remaining resources—of Gold as primary metal as on April 1, 2020, according to Indian Minerals Year Book 2021.
MOIL registers highest manganese ore production of 4.36 lakh MT
Jul 04, 2023, at 03:24 am
New Delhi: MOIL has achieved its best ever quarterly manganese ore production of 4.36 lakh MT in the first quarter of FY24, registering a substantial growth of 35% over the corresponding period last year (CPLY).
Coal Ministry issues vesting orders for 22 coal mines
Jun 09, 2023, at 03:58 am
New Delhi: The coal ministry issued vesting orders for 22 coal mines to successful bidders of coal blocks under a commercial coal mine auction here on Thursday.
Centre to organise first ever Mining Start-up Summit on May 29 in collaboration with IIT, Bombay
May 27, 2023, at 06:03 am
New Delhi: The Union mine ministry will organise the first Mining Start-up Summit in collaboration with the Indian Institute of Technology, Bombay.
Centre to develop Chhattisgarh's Gevra Mega project into Asia's largest coal mine
May 21, 2023, at 07:00 am
Raipur: The government is focussing on expanding the capacity of the Gevra Mega project in Chhattisgarh further to 70 million tonnes (MT) per annum. The expansion would establish the Gevra Mega project as the largest coal-producing mine in Asia.
India’s mineral production goes up by 10% in Dec 2022
Feb 19, 2023, at 05:05 am
New Delhi/IBNS: The index of mineral production of the mining and quarrying sector for the month of December 2022 (Base: 2011-12=100) at 107.4, is 9.8% higher as compared to December 2021, as per the provisional figures of the Indian Bureau of Mines (IBM), according to the Ministry of Mines.
NMDC delivers best ever Q3 prodn
Feb 16, 2023, at 02:41 am
New Delhi/IBNS: National miner NMDC registered its best-ever Q3 production with 10.66 million ton produced in the third quarter of FY23, the Ministry of Steel said in a statement.
Tata Steel sets up an Innovation Centre for Mining & Mineral Research at IIT (ISM) Dhanbad
Feb 04, 2023, at 02:24 am
Dhanbad: Tata Steel has established a Centre for Innovation in Mining and Mineral Beneficiation at the Indian Institute of Technology (Indian School of Mines), Dhanbad with an aid of Rs 22 crore.
Coal Ministry targets 1 Billion Ton production in 2023-24
Jan 19, 2023, at 04:25 am
New Delhi/IBNS: The Ministry of Coal Wednesday said it has set a target to produce more than 1 billion ton (BT) coal during the year 2023-24.