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Business Line

MOIL eyes overseas expansion

State-run company targeting manganese ore and critical minerals acquisitions

CNBC TV18

Coal India eyeing Argentina, Chile for critical minerals, says official

India, among the world's top greenhouse gas emitters, has been pursuing overseas pacts to secure key minerals in resource-rich countries such as Australia, Argentina and Chile.

The Economic Times

Coal India eyeing Argentina, Chile for critical minerals, says official

Coal India is exploring critical minerals in Argentina and is in discussions with Chile for lithium, according to India's federal mines secretary. The move aims to secure supplies of lithium, essential for electric vehicle batteries. India has listed 30 minerals as critical for clean energy adoption and is pursuing overseas pacts to secure these resources.

The Economic Times

India's MOIL eyes domestic JVs for manganese ore mining

MOIL, India's mining company, is exploring joint ventures with Gujarat and Madhya Pradesh to mine manganese ore, as well as pursuing critical minerals domestically and overseas.

CNBC TV18

Deccan Gold Mine shares to be in focus on Monday; Here's why

Deccan Gold Mines also plans to expand its product offerings to include other critical minerals like tantalum, caesium, gallium, and beryllium.

The Economic Times

Healthy Moringa dishes: From soup to khakhra – 5 tasty recipes

Moringa is a highly nutritious plant often referred to as the "drumstick tree" or "miracle tree." It’s known for its rich content of vitamins, minerals, and antioxidants. Moringa leaves, in particular, are used in various culinary and medicinal applications due to their health benefits, including anti-inflammatory properties, blood sugar regulation, and enhanced energy levels.

The Economic Times

Mineral royalty ruling an error: Govt says verdict ignored macroeconomic impact of minerals as key resource

The Supreme Court's decision to allow states to levy taxes on mineral-bearing land has been challenged by the Centre. The Centre argues that varied state taxes could drive up prices and impact industries dependent on minerals, such as power and steel. They seek a uniform national levy system for mineral development.

Business Standard

NMDC looking to explore mining opportunities for critical minerals abroad

The country's largest iron ore miner NMDC on Thursday said it is pursuing mining opportunities for critical minerals abroad which includes lithium block in Australia. Critical minerals such as copper, lithium, nickel and cobalt are important components in rapidly growing clean energy technologies - from wind turbines and electricity networks to electric vehicles. "NMDC is... pursuing overseas mining opportunities for critical minerals like lithium, cobalt, and nickel through its subsidiary, Legacy India Iron Ore Ltd, which includes lithium mining operations in Australia," the company said in a statement. NMDC is also preparing to begin the production of its eight million tonnes of coking coal block by December next year. This move aims to reduce the country's reliance on the import of coking coal. NMDC is set to nearly double its production capacity to 100 million tonnes (MT) by 2030. This ambitious expansion will significantly enhance the company's infrastructure, operations, an

The Economic Times

NMDC plans to double iron ore output to 100 million tonne by 2030

State-owned miner NMDC plans to double its iron ore production to 100 million tonnes per year by 2030, up from 45 million tonnes in 2023-24. The expansion is driven by growing demand and includes developing advanced infrastructure and processing plants. NMDC also explores opportunities in critical minerals like lithium and cobalt through its subsidiary.

The Economic Times

NMDC exploring mining opportunities for critical minerals overseas

NMDC, India's largest iron ore miner, is exploring mining opportunities for critical minerals like lithium in Australia. The company aims to nearly double its production capacity to 100 million tonnes by 2030. Key initiatives include advanced slurry pipelines and beneficiation plants, focusing on sustainable growth and reducing environmental impact.

The Economic Times

ONGC, OIL, KABIL ink pact with UAE firm for critical minerals

ONGC Videsh, Oil India, and KABIL have signed a preliminary agreement with International Resources Holding RSC of the UAE to jointly acquire and develop critical mineral projects globally. This collaboration aims to leverage their combined expertise and resources to secure a stable supply of critical energy minerals, essential for the growing renewables and battery sectors.

Mint

India's OVL, OIL, Kabil join hands with UAE's IRH in critical mineral hunt

The partnership comes as India seeks to reduce its reliance on China, which dominates the critical minerals market, and aligns with the country’s mission to secure vital resources for its renewable energy and tech ambitions.

The Economic Times

UAE, India tie up for critical minerals supply chains

India and the UAE have signed an MoU to secure critical mineral supply chains. The agreement involves cooperation in mineral exploration in third countries, aiming to enhance supply chain resilience. This initiative is part of broader efforts under the India-Middle East-Europe Economic Corridor framework.

Business Standard

Raipur BJP MP seeks govt intervention for rollback of hike in cement prices

Raipur BJP MP Brijmohan Agrawal has raised objection over the "steep" hike in cement prices by its manufacturers and demanded intervention of the Chhattisgarh government and the Centre for a rollback of the increased cost. Agrawal said the sudden increase in the cement prices by Rs 50 per sack would affect infrastructure projects, including roads, buildings, bridges, schools, colleges and the Pradhan Mantri Awas Yojana. In separate letters to Chief Minister Vishnu Deo Sai, Union Finance Minister Nirmala Sitharaman and the Competition Commission of India on September 6, Agrawal said despite Chhattisgarh being a state rich in minerals, iron, coal and energy resources, the cement manufacturers, by forming a cartel, tremendously increased the prices from September 3. The attitude of cement companies has become that of "looting" the innocent people of Chhattisgarh, he said, adding the government needs to take strict action against cement manufacturers. Mines, coal, energy, cheap ...

Business Standard

GTRI flags concern against India of becoming 'EV colony' for China

The government should allow the domestic electric vehicle sector to grow naturally without relying on incentives as it would avoid India becoming an 'EV colony' for China, think tank GTRI said on Friday. India faces unique challenges not faced by other countries in adopting EVs (electric vehicles) at large scale, it added. These challenges include 80 per cent of electricity generated from fossil fuels like coal, frequent power cuts, and dependency on imports for making EVs in the country like batteries and critical minerals, the Global Trade Research Initiative (GTRI) said. "Considering these challenges, instead of rushing into the fray with heavy incentives or falling into dependence on Chinese imports, India has the opportunity to let its EV sector evolve naturally. By allowing market forces to steer the sector's growth, India can avoid becoming an 'EV colony' for China and carve out its own path in the global EV landscape," it added. It also said the global EV market is undergoi

Business Standard

SAIL willing to participate in Critical Mineral Mission: Chairman Amarendu

SAIL, the country's largest steel player, is willing to participate in the Critical Mineral Mission, which aims to secure the country's critical mineral supply chain by ensuring mineral availability from domestic and foreign sources, the company's Chairman Amarendu Prakash said on Thursday. The Union Budget 2024-25 had proposed launching a Critical Mineral Mission for domestic production, recycling of critical minerals, and overseas acquisition of critical mineral assets. "FM Nirmala Sitharaman announced the Critical Mineral Mission. In that mission a lot of things will be discussed, all possibilities will be discussed. So we will be watching this and seeing what opportunities are there. "As the Critical Mineral Mission expands and things get discussed, we will be watching and seeing if there are opportunities for exploring something on SAIL's part," the Chairman told reporters on the sidelines of ISA Steel Conclave. The Critical Mineral Mission aims to secure the country's critica

The Economic Times

SAIL willing to participate in Critical Mineral Mission: Chairman Amarendu Prakash

SAIL, India's largest steel producer, is open to participating in the Critical Mineral Mission aimed at securing the country's mineral supply chain. The mission, announced in the Union Budget 2024-25, focuses on domestic production, recycling, and overseas acquisition of critical minerals like cobalt and lithium.

The Economic Times

Quality control proposed on sale of minerals

The mines ministry has proposed enforcing quality controls on the sale of primary lead, refined nickel, zinc, and tin ingots in the country. These controls, formulated by the Bureau of Indian Standards, would require licences for sale and aim to support MSMEs and prevent substandard imports. Stakeholders have 60 days to submit suggestions on the draft Quality Control Orders.

The Economic Times

Govt plans to provide financial incentives for development of critical minerals

India's government announced financial incentives for the development of critical minerals like lithium, including securing loans and global collaborations. It has proposed targeted subsidies for mining and setting up necessary infrastructure. The Critical Minerals Mission aims to ensure mineral supply from domestic and foreign sources, enhancing technology, regulation, and competitiveness in various processes.

The Economic Times

Hindustan Zinc board to consider second interim dividend for FY25 on August 20

The announcement was made during market hours and the stock fell to a low of Rs 544 on the NSE, down more than 6% on intraday basis, after the Supreme Court allowed states to collect past dues on royalty on minerals-bearing land from Centre. Not just HZL, others including NMDC, Tata Steel, Vedanta and MOIL also fell by up to 5%.

Business Standard

Centre to offer financial support to boost critical minerals sector growth

The focus of this initiative is to help find ways to develop extraction technology and better methods of beneficiation

Mint

NMDC, Tata Steel, and six other mining stocks tumble up to 6%. Here's why

The Supreme Court's ruling allows states to levy taxes on mines and mineral-bearing lands and states that royalty on minerals is not a tax. This could increase financial burdens on mining companies and lead to litigation.

The Economic Times

India plans financial incentives for critical mineral development

India will offer financial incentives for developing critical minerals like lithium, according to Veena Kumari Dermal of the mines ministry. The plan includes funding research institutes to provide technical support to miners, aiming to boost the country's critical mineral sector and enhance domestic production capabilities.

Mint

Breakout stocks to buy: Max Estates to Strides Pharma — Sumeet Bagadia recommends five shares to buy today

Breakout stocks to buy today: Sumeet Bagadia has recommended five shares to buy today — Rane (Madras), Innova Captab, Max Estates, Sarda Energy & Minerals and Strides Pharma Science.

The Economic Times

Bankruptcy court okays SKS Power Generation’s Acquisition by Sarda Energy & Minerals

The division bench of judicial member Kishore Vemulapalli and technical member Anu Jagmohan Singh approved Sarda Energy & Minerals’ resolution plan in its oral order. The detailed order was not uploaded at the time of filing the report.

The Economic Times

India to offer incentives for critical minerals extraction, govt source says

India allocated about $50 million to fund research institutes to aid miners in developing critical mineral extraction techniques. Previous efforts in lithium mining faced challenges, but the government plans to foster collaborations between research bodies and companies to enhance extraction and beneficiation processes, aiming to reduce the reliance on imports for essential minerals vital for energy transition technologies.

Hindustan Times

India to offer incentives for critical minerals extraction, govt source says

INDIA-MINERALS/LITHIUM:India to offer incentives for critical minerals extraction, govt source says

The Economic Times

Centre sweetens sops for exploring critical and strategic minerals

An official statement said a 25% exploration incentive for agencies engaged in discovering Critical and Strategic Minerals will “significantly enhance exploration efforts in these vital areas, contributing to India's self-reliance in mineral resources.”

Business Line

Vedanta sees $1-trillion opportunity in minerals, metals, energy

Demand in these sectors will triple, says Anil Agarwal

The Economic Times

Vedanta to benefit from $1 trillion opportunity in metals, minerals: Chairman Anil Agarwal

Vedanta chairman Anil Agarwal highlighted a $1 trillion opportunity in India's minerals and metals sector, with Vedanta poised to benefit. The company plans $8 billion in growth projects and is proceeding with its demerger into six verticals, offering investors shares in five newly listed entities.

The Economic Times

Vedanta going ahead with demerger of businesses: Chairman Anil Agarwal

Vedanta Chairman Anil Agarwal announced at the 59th Annual General Meeting that the company is moving forward with the demerger plan to create six independent listed firms, unlocking significant value and allowing each entity to operate with autonomy while upholding Vedanta's core values. Shareholders will receive additional shares in the newly listed companies, with the company focusing on sustainable production of critical minerals and ongoing growth efforts across various projects.

The Economic Times

India needs to develop mineral strategy for the entire value chain, from exploration to recycling

From FY19 to FY24, India's mineral production growth has stagnated, with many major minerals seeing only single-digit growth or decline, per an SBI Research report. To unlock its mineral potential, India must overhaul its value chain—from exploration to recycling—alongside comprehensive fiscal reforms, enhancing competitiveness and fostering sustainable economic growth.

The Economic Times

Jammu and Kashmir lithium block gets no bids in second attempt

India's Jammu and Kashmir failed to attract bids in its second attempt to auction mining rights for newly discovered lithium reserves, estimated at 5.9 million metric tons. The block may now be assigned to a government agency for further exploration. This comes amid India's strategic focus on securing critical minerals for electric vehicle batteries.

The Economic Times

India taps Africa, Latin America to shore up critical mineral supply

India actively pursues strategic partnerships with Africa and Latin America to secure critical minerals, focusing on lithium for clean energy technologies. The country seeks to reduce import dependency and encourages private Indian investments in overseas mineral blocks.

The Economic Times

India, Australia look at increasing cooperation in critical minerals, processing

Critical minerals such as copper, lithium, nickel, cobalt and rare earth elements are essential components in many of today's rapidly growing clean energy technologies - from wind turbines and electricity networks to electric vehicles.

The Economic Times

Only a third of critical mineral blocks find buyers

A company which offers to share the highest percentage of its revenue earned through sale of extracted minerals with the state governments - called the auction premium - wins the bid.

The Economic Times

Maiki South Mining secures India's first Lithium and REE blocks of Chhattisgarh with FPO of 76.05%

On Monday, Union Minister G Kishan Reddy granted the first Lithium block, Katghora, and the Rare Earth Element (REE) Block of Chhattisgarh to Maiki South Mining Private Limited, with a Final Percentage Ownership (FPO) of 76.05%. India currently depends significantly on imports to fulfill its demand for crucial minerals such as Lithium, Niobium, and Rare Earth Elements (REE). These minerals are essential for emerging technologies like electric vehicles, pharmaceuticals, and defense manufacturing.

Business Line

Ministry scraps critical mineral block auctions

The blocks annulled cover minerals such as graphite, tungsten, cobalt & manganese (including poly metallic nodules), potash among others

The Economic Times

India cancels 14 out of 18 critical mineral block auctions launched in second tranche, notice shows

India has canceled the auction for 14 critical mineral blocks, part of a $362 billion initiative launched in February to promote clean energy transition. The cancellation was due to lack of bids received for blocks containing minerals like vanadium, graphite, and cobalt.

The Economic Times

Govt to launch fourth tranche of auction for critical and strategic mineral blocks on Monday

The Ministry of Mines will launch the 4th tranche of auctions for critical and strategic mineral blocks on Monday in New Delhi. Union Minister G Kishan Reddy and Minister of State Satish Chandra Dubey will inaugurate the event. The launch follows amendments to the MMDR Act, allowing the Central Government to issue mineral concessions for 24 critical minerals. The event will announce the preferred bidders of the 1st tranche, present certificates to Notified Private Exploration Agencies, and introduce a scheme for partial reimbursement of exploration expenses.