Miners

Pound for pound, the batteries used in laptops, phones and tablets contain much more cobalt than EV batteries, and demand from the industry has fallen about 30% to 40% over the past year

No revision in 25 yrs due to resistance from central trade union representatives, says coal minister

India is the world's third-biggest primary aluminium producer

Aluminium industry is one of the major consumers of caustic soda in the country

The world's coal producers are currently planning as many as 432 new mine projects with 2.28 billion tonnes of annual output capacity putting targets for slowing global climate change at risk.

A document from the United Mine Workers offers reason to hope

The minister also invited investors, explorers and miners to come and explore the huge opportunities that the Indian mining sector offers

According to FIMI, iron ore exports in 2019-20 rose to 36,623.71 tonnes from 16,198.90 in 2018-19

Here are the top business headlines on Thursday morning

None of the merchant mines in Odisha whose lease validity expired by March 31 has been able to restart. Though the successful bidders have got LoI, they awaiting formal vesting orders

Experts believe Q1 will be a complete washout for the sector; assuming subdued activity during monsoons or Q2, revival is only expected towards the second half of FY21

At least 15 miners are trapped inside the mine since December 13 last year after one of them accidentally punctured the wall of the mine

Mining companies have suggested a string of changes in the bidding parameters to make auctions of mineral blocks more attractive and ensure better price discovery of the auctioned assets. As the Union mines ministry mulls changes in the Mineral Auction Rules-2015, the Federation of Indian Mineral Industries (Fimi), the body lobbying for miners' interest have proposed a slew of changes in the bidding clauses."All technically qualified bidders should be allowed to bid and not merely the top 50 per cent. This will moderate the initial bidding percentages. It will have more number of participants and bidders and enhance competition resulting in better premium over the reserve price", said R K Sharma, secretary general, Fimi.For better understanding and clarity with regard to geological data, Fimi suggested that the tender document should contain all geological reports of different agencies worked in the area including geological reports and maps. The document should also provide digital ..