Mines Ministry

Hindustan Zinc to talk to mines ministry to acquire Vedanta's assets

Hindustan Zinc is planning to get in touch with the mines ministry to resolve the differences over the acquisition of overseas assets of holding company Vedanta Ltd, Hindustan Zinc CEO Arun Misra said. Valuation of the assets is among several concerns flagged by the government, which holds a 29.54 per cent stake in Hindustan Zinc Ltd (HZL) that was privatised more than two decades ago. The meeting is expected shortly, Misra said. "...we are reading in various newspapers about the comments of various minority shareholders. I have not met anybody personally. Once I meet them and know exactly what is their view then may be I can comment. I won't be able to offer any comment on other's comments which I can't verify personally," Misra told PTI. According to a source, the objections on the proposal were raised by all three government directors in the nine-member HZL board. Misra further said that the "board meeting deliberations by law are also only the output of the board meeting that

Lithium reserves found in Jammu and Kashmir by GSI: Mines secretary

The government on Thursday said lithium reserves have been found for the first time in the country in Jammu and Kashmir. Lithium is a non-ferrous metal and is one of the key components in EV batteries. "For the first time, lithium reserves have been discovered and that too in Jammu and Kashmir," Mines Secretary Vivek Bharadwaj said. Upon exploration by the Geological Survey of India (GSI), lithium reserves have been found in Reasi district of Jammu and Kashmir. Earlier, the mines ministry had said that to strengthen the critical mineral supply chain for emerging technologies, the government was taking several proactive measures to secure minerals, including lithium, from Australia and Argentina. Currently, India is import-dependent for many minerals like lithium, nickel and cobalt. Speaking at the 62nd Central Geological Programming board meeting here, Bharadwaj also said that whether it is a mobile phone or a solar panel, critical minerals are required everywhere. In order to b

India, Australia to identify companies in critical mineral space

In the critical minerals space, Australia is the world's largest producer of lithium and the second largest producer of rare-earth elements

NMDC in talks to invest in lithium exploration companies in Australia

Investment would be voa NMDC's Perth-based arm, Legacy Iron Ore, which is already prospecting for iron ore, gold and base metals there

Mineral production increases by 4.6% during September: Ministry of Mines

The index of mineral production of mining and quarrying sector in September 2022 at 99.5 was 4.6% higher as compared to the level in March 2021

Rajasthan govt plans e-auctions for mines, minerals to boost production

Mines Minister Pramod Jain Bhaya said the auction of the mining plots increased the revenues of the state government and stopped illegal mining

Centre working on enhancing mines sector output in GDP to 2.5% by 2030

The Centre has taken various measures with regard to Ease of Doing Business to increase the contribution of mines and minerals sector towards the country's GDP to 2.5 per cent by 2030, Union Coal, Mines and Parliamentary Affairs Minister Pralhad Joshi said on Friday. He addressed a two-day National Conclave on Mining Ministers here to deliberate on the ambitious target. "The intention of this conclave is that we should in coming years up to 2030, under the guidance of Prime Minister Narendra Modi ji, other than coal and petroleum, add 2.5 per cent to the GDP of the country. Now, other than these two -- coal and petroleum -- it is 0.9 per cent," he told reporters after the inaugural session. The Prime Minister has given the target of 2.5 per cent to be achieved by 2030, he said. "...we want to achieve it before 2030. For that, we have taken lot of measures as far as Ease of Doing Business is concerned and ease of investment is concerned," the Union minister said. Observing that the

Rajasthan announces amnesty scheme for mining leases up to Mar 31, 2021

The mines department's Arrears and Interest Waiver Scheme, 2022, will be applicable to the outstanding dues of those in the business of minor minerals

17 mineral mines taken back from states over non-production: Pralhad Joshi

In March, Lok Sabha passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2021

Naveen Jindal group weighs aluminium foray, plans depend on mine

Company sees consumption rising as electric vehicles increase and light metals become more important

Govt releases Natural Resource Accounting to track mineral, energy deposits

The asset accounts would help identify alternate economic and energy-based resources, and aid in developing an ecosystem for containing illegal mining

States used Rs 1,460 cr from district mineral foundation fund to curb Covid

District Mineral Foundation (DMF) is a non-profit statutory trust, which has been set up for the welfare of the districts affected by mining-related activities.

India's mineral production up 23% in June, says mines ministry

India's mineral production rose by 23.1 per cent in June over the same month a year ago, according to the mines ministry

Mineral sector's role as essential service acknowledged amid Covid: Govt

The government on Wednesday said the mines and minerals sector is a major employer in rural areas and its role as an essential service has been acknowledged during the coronavirus pandemic

Govt to auction 5 mineral blocks with 667 MT reserves in Gujarat, Karnataka

The identified blocks would be auctioned along with other blocks without pre-embedded clearances

Key takeaways from FM Sitharaman's fourth tranche of the economic stimulus

The eight sectors in which reforms are to be introduced are coal, minerals, defence production, aviation, power discoms in UTs, space technology and atomic energy

SC reserves order in mining case, but union minister 'welcomes' verdict

Shripad Naik, minister of state for defence, issued a statement welcoming the Supreme Court 'judgement' on iron ore mines in the state

11-member panel to examine issues on royalty rates for major minerals

The members of the panel includes mines secretaries from the states like Telangana, Chhattisgarh, Jharkhand, Karnataka, Madhya Pradesh and Odisha

Opening up mining

Removal of end-use restrictions is a major step forward

Rule change by mines ministry likely to benefit state-run companies

The lease would then be extended for a further period of up to 20 years at a time