Miners

Cobalt's battery-powered boom in 2022 on EV demand surge busts

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

Coal miners' pension unrevised due to shortfall in accrual of pension fund

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

Indian miners seek higher import tax on aluminium, zinc, copper products

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

Miners body urges govt not to impose anti-dumping duty on caustic soda

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

World's coal producers now planning more than 400 new mines: Research

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.

Getting real about coal and climate

A document from the United Mine Workers offers reason to hope

To come out with industry-friendly reforms in mining soon: Pralhad Joshi

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

Iron ore exports, prices rose sharply, but only eastern miners benefited

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

Top Headlines: PM Modi woos US investors, relief for Voda Idea and more

Here are the top business headlines on Thursday morning

Miners want mandatory capex rule relaxed as workers stay away fearing Covid

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

Miners seek moratorium on dues as lockdown cripples operations

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

Navy abandons efforts to pull out decomposed body of miner in Meghalaya

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

Miners want more bidders for better price discovery at auctions

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 ..