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Sandur Manganese gets Karnataka environment clearance to hike capacity

The approval from the Karnataka State Pollution Control Board (KSPCB), granted under the Air and Water Act, allows the company to enhance production from 0.43 million tonnes per annum (MTPA) to 0.55 MTPA at its mining lease. Shares of Sandur Manganese and Iron Ores Ltd ended at ₹488.85, down by ₹3, or 0.61%, on the BSE.

Business Standard

10th oil, gas bidding round may offer 'no-go' areas: Oil ministry official

India is likely to offer areas classified as 'no-go' areas in the tenth round of bidding for exploring and producing oil and gas in early 2025, a top oil ministry official said on Thursday. Bids for 28 oil and gas blocks offered in the ninth Open Acreage Licensing Policy (OALP) round closes on September 21 and the 10th round is in works, the official, speaking on condition of anonymity, told reporters here. OALP-X round will happen after the Parliament approves in the ensuing winter session amendments to the Oilfields (Regulation and Development) Act (ORDA) of 1948 to expand definition of mineral oils to include any naturally occurring hydrocarbon, coal-bed methane and shale gas/oil. The amendment also replaces mining lease with petroleum lease and decriminalises certain offences. "We hope that the amendments will be approved in the winter session of Parliament (likely in November/December). The changes are expected to bring confidence for the potential bidders for OALP X exploratio

The Economic Times

Stock market update: Mining stocks down as market rises

The 30-share BSE Sensex closed up 236.57 points at 83184.8

The Economic Times

Stock market update: Mining stocks down as market falls

The 30-share BSE Sensex closed down 131.43 points at 82948.23

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.

The Economic Times

Stock market update: Mining stocks up as market falls

The 30-share BSE Sensex was down 13.84 points at 83065.82

The Economic Times

India should use mining proceeds to train workforce and raise productivity: Mining Skill Council Chief

India's mining sector faces challenges due to low productivity and outdated practices. Pankaj Satija, Chairman of the Skill Council for Mining Sector, highlights the need for skilled workforce development. The Union Mines Ministry has a plan to upgrade training facilities and engage private players, utilizing District Mineral Foundation funds for skill enhancement.

Business Standard

Carborundum Universal to acquire US-based Silicon Carbide Products

SCP, located in Horseheads, NY, USA, specializes in producing high-quality Nitride Bonded Silicon Carbide (NBSiC) products. NBSiC ceramics have superior wear and thermal shock resistance. SCP has over three decades of experience in providing customized solutions to customers in the USA and globally. Their product range serves industries such as power generation, mining, material handling/processing, non-ferrous molten metal transfer, and petrochemical refineries. Recognized for their technically superior firing and forming processes, SCP is a trusted supplier to leading industry players in these sectors.

The Economic Times

Stock market update: Mining stocks down as market rises

The 30-share BSE Sensex was up 198.63 points at 83089.57

Business Standard

India's coal output grows significantly, up 5.85% at 411.6 MT in FY25

The country's coal output grew 5.85 per cent to 411.62 million tonnes (MT) in the current fiscal year (up to September 12), over the year-ago period. This country's coal production was 388.86 MT during the same period last year. "This marks a significant increase... reflecting a commendable growth rate of 5.85 per cent, despite adverse climatic conditions that challenged mining operations," the coal ministry said in a statement. The figures are provisional. The production by state-owned Coal India Ltd rose to 311 MT during the same period, marking a growth of 2.80 per cent compared to 302.53 MT in the corresponding period of the previous year. This growth is even more notable given the interruptions in mining activities in CIL subsidiaries due to heavy rains, it said. Coal dispatch has also experienced a substantial uplift, reaching 442.24 MT during 2024-25 (up to September 12), compared to 421.29 MT in the same period last year, it said, adding that this reflects a robust growth

The Economic Times

European stocks wrap up week on a high note; focus shifts to Fed's rate decision

European stocks ended the week positively, driven by technology, real estate, and mining shares. The STOXX 600 index rose 0.7%, with German shares leading gains. Investors are now focused on the U.S. Federal Reserve's upcoming meeting, anticipating a potential rate cut. ECB policymakers remain optimistic about lower inflation and interest rates in the euro zone.

The Economic Times

Stock market update: Mining stocks up as market falls

The 30-share BSE Sensex closed down 71.77 points at 82890.94

The Economic Times

Stock market update: Mining stocks up as market falls

The 30-share BSE Sensex was down 122.49 points at 82840.22

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

Business Standard

IIP comes in at 4.8% on year in July

The index of industrial production or IIP growth rate for July 2024 is 4.8%, up marginally from 4.7% in June 2024, latest data showed. The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of July 2024 are 3.7 percent, 4.6 percent and 7.9 percent respectively. The Quick Estimates of IIP stands at 149.6 against 142.7 in July 2023. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of July 2024 stand at 116.0, 148.6 and 220.2 respectively.

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

Stock market update: Mining stocks up as market rises

The 30-share BSE Sensex was up 237.74 points at 81760.9

Business Standard

Demerger of Vedanta's key businesses likely to happen by end of FY25

The demerger of mining conglomerate Vedanta Ltd's key businesses, including aluminium, into separate listed companies is expected by the end of FY25, a top official of the company said on Wednesday. Vedanta Ltd has filed an application for its demerger scheme before the National Company Law Tribunal (NCLT) after receiving a nod from lenders. Asked when is the demerger happening, John Slaven, CEO of aluminium business of Vedanta, said, "it's not within our control. It's the NCLT process. They typically take, I don't know, four to six months, to run that process. So by end of this fiscal year, by the end of this fiscal year (I see it happening)." Slaven was speaking during the launch of Vedanta Aluminum's two new products for power sector. The first product offers superior electrical conductivity, making it ideal for remelting. The second product is the electrical conductor grade wire rod, designed for winding strip applications with a balance of strength, conductivity, workability,

Business Standard

Vedanta Resources gets $900 mn via first dollar bond issue to prepay loans

Vedanta Resources, the parent firm of mining conglomerate Vedanta Ltd, on Wednesday raised USD 900 million in its first dollar bond issue in more than two years to prepay existing bonds. In a statement, the firm said it has raised UDS 900 million at a coupon rate of 10.875 per cent in the five-year US dollar-denominated bond. "The net proceeds from the offering of the bonds will be used to repay certain of Vedanta's existing bonds (including any accrued interest thereto) and to pay any related transaction costs in connection thereto," it said. This is the first US dollar bond issued by Vedanta since February 2021. The bond received final orders of USD 1.45 billion from investors across the globe representing an oversubscription of over 1.6 times, reinforcing the confidence of these investors in the Vedanta story, the statement said. "The final allocation of the bonds represented the broad-based support which Vedanta enjoys, including 41 per cent from Asia, 24 per cent from EMEA an

The Economic Times

Stock market update: Mining stocks down as market falls

The 30-share BSE Sensex closed down 398.13 points at 81523.16

The Economic Times

Stock market update: Mining stocks mixed as market rises

The 30-share BSE Sensex was up 115.8 points at 82037.09

Hindustan Times

SLB launches lithium filtration system after Nevada tests

MINING-LITHIUM-SLB:SLB launches lithium filtration system after Nevada tests

The Economic Times

Stock market update: Mining stocks up as market rises

The 30-share BSE Sensex closed up 361.75 points at 81921.29

The Economic Times

Vedanta Aluminium appoints David Stone as CEO-coal mines

Vedanta Aluminium has appointed David Stone as CEO of coal mines to oversee its coal mining operations. Stone will focus on optimizing resource efficiency and sustainable mining practices. Vedanta Aluminium operates five coal mines with a combined capacity of 40 million tonnes per annum, aiming for backward integration and cost reduction.

The Economic Times

Stock market update: Mining stocks down as market rises

The 30-share BSE Sensex closed up 375.61 points at 81559.54

Business Standard

Adani floats subsidiary in China for providing project management services

Adani Group has formed a subsidiary in China to carry out business of providing supply chain solutions and project management services, according to a regulatory filing. Adani Enterprises, the group's flagship firm, in the filing said a Singapore-based step-down subsidiary incorporated a wholly-owned subsidiary, Adani Energy Resources (Shanghai) Co. (AERCL), domiciled in Shanghai, China on September 2, 2024. "AERCL is incorporated to carry out business of providing supply chain solutions and project management services," it said without providing details. The subsidiary was incorporated by Adani Global Pte (AGPTE), Singapore - a step-down subsidiary of Adani Enterprises Ltd (AEL). AEL houses the conglomerate's mining, roads, airports, data center and water infrastructure businesses. "AERCL has been incorporated and registered under the laws of Company Law of the People's Republic of China on September 2, 2024," the filing said. AERCL is yet to commence its business operations. T

The Economic Times

NLC India aims to start mining of Machhakata coal block in Odisha ahead of schedule

NLC India Ltd plans to start mining the Machhakata coal block in Odisha ahead of schedule. With reserves of 1.4 billion tonnes and a capacity of 30 MTPA, it is set to be one of India's largest mines. This aligns with NLCIL's goal to exceed 100 MTPA by 2030.

Business Standard

NLC India aims to start early mining of Odisha's Machhakata coal block

State-owned NLC India Ltd is aiming to start the mining of Machhakata coal block in Odisha ahead of schedule. Machhakata coal block is the second commercial coal block and the biggest among the NLCIL's mining projects. NLC India Ltd (NLCIL) had emerged as the successful bidder for Machhakata (Revised) coal block in Angul district of Odisha under the commercial coal block e-auction held in July. The Machhakata coal block, having reserves of 1.4 billion tonnes (BT), with average Grade of G10-G11, and capacity of 30 MTPA, is expected to be one among the top five biggest mines in the country, NLCIL said in a statement. "NLCIL aims to commence the mining ahead of schedule. This marks another milestone towards realising NLCIL's Corporate Plan 2030," the statement added. Machhakata Coal Block's vesting order was issued on Thursday. The company had earlier said that it is committed to its capacity addition in line with its vision of achieving more than 100 million tonnes per annum (MTPA)

The Economic Times

Stock market update: Mining stocks down as market falls

The 30-share BSE Sensex closed down 1017.23 points at 81183.93

The Economic Times

Stock market update: Mining stocks mixed as market falls

The 30-share BSE Sensex closed down 4.4 points at 82555.44

The Economic Times

Stock market update: Mining stocks down as market falls

The 30-share BSE Sensex was down 57.64 points at 82502.2

The Economic Times

Stock market update: Mining stocks down as market rises

The 30-share BSE Sensex closed up 194.07 points at 82559.84

The Economic Times

DSP Mutual Fund merges 2 international funds, changes name of surviving scheme

DSP Mutual Fund has announced the merger of the DSP World Agriculture Fund into the DSP World Mining Fund, which will also undergo a name change to DSP World Mining Fund of Funds. Effective October 4, 2024, the merger aims to shift from the niche Agriculture/Nutrition theme to the more promising mining and metals sector, which has shown better long-term performance.

The Economic Times

Chhattisgarh district imposes Rs 1,620 crore penalty on NMDC, miner contests levy

Chhattisgarh's Dantewada administration has fined the National Mineral Development Corporation (NMDC) Rs 1,620.5 crore for alleged mining law violations. The NMDC claims the penalties, related to the transport of iron ore, are inappropriate and unconsidered. The company asserts it has all necessary clearances and will submit a suitable response.

Business Line

GMDC eyes ground-breaking of Baitarani West coal mine in FY 2025

The Baitarani West Coal mine is the first mining project of GMDC outside Gujarat

Business Standard

Dantewada administration imposes Rs 1,620.5 cr fine on NMDC for violations

The administration in Chhattisgarh's Dantewada district has imposed a penalty of Rs 1,620.5 crore on the National Mineral Development Corporation (NMDC), a central PSU, for alleged violation of mining laws, officials said on Saturday. The NMDC has termed the move "completely inappropriate" and claimed the penalty was imposed "solely and blindly without considering the facts and circumstances in the case". The NMDC has mining operations in Bailadila hills in Kirandul and the Bacheli area of Dantewada in the Bastar region. In a letter dated August 29, Dantewada collector Mayank Chaturvedi directed the NMDC to deposit the penalty amount within 15 days. The letter stated that iron ore mining leases have been approved for Deposit No. 14 ML in an area of 322.368 hectares, Deposit No. 14 NMZ in 506.742 hectares, and Deposit No. 11 in 874.924 hectares in Kirandul village under Bacheli tehsil of Dantewada to the NMDC. The collector wrote that the NMDC's clarifications to the show cause not

The Economic Times

Vedanta pledges ₹1 lakh crore for Rajasthan, eyes renewable energy push

Vedanta, a leading mining and metals conglomerate, has pledged an investment of nearly Rs 1 lakh crore in Rajasthan, focusing on renewable energy and community development. The investment builds on the group's previous contributions to the state, including support for industries and local communities. Vedanta also announced plans for a camel rehabilitation park in Barmer and upgrades to aanganwadis. This move aligns with Rajasthan's development goals under Chief Minister Bhajan Lal Sharma.

The Economic Times

Stock market update: Mining stocks mixed as market rises

The 30-share BSE Sensex closed up 231.16 points at 82365.77

The Economic Times

Coal India, IIT(ISM) Dhanbad, and TEXMiN collaborate to establish IMiN - Innovation on Mining Center of Excellence for Mining 4.0

Coal India collaborates with IIT(ISM) Dhanbad and TEXMiN to establish the IMiN Center of Excellence for Mining 4.0. The initiative aims to enhance mining operations through digital transformation, focusing on productivity, safety, and sustainability. This partnership will drive innovation in the mining sector, fostering startup ecosystems and capacity building.

The Economic Times

Stock market update: Mining stocks down as market rises

The 30-share BSE Sensex closed up 349.05 points at 82134.61