Page 5 - Mining Industry

SC notice to govt on appeal against UltraTech's limestone mining project

The petitioners claim to be residents of the three villages where limestone mining will be undertaken.

Vedanta chief financial officer G R Arun Kumar resigns

Vedanta on Monday said G R Arun Kumar has resigned as chief financial officer (CFO) of the company. The company will announce the effective date of relieving of Kumar and details of the successor in due course, Vedanta Ltd said in a filing to BSE. "The board has taken note of the resignation of GR Arun Kumar from the post of Whole-Time Director & Chief Financial Officer of the company to pursue career outside of the Group," Vedanta said. Kumar has made invaluable contribution towards the company's growth and its transformation journey during his tenure of close to eight years, it added. Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading diversified natural resource companies with business operations in India, South Africa, Namibia, and Australia. Vedanta is a leading producer of oil and gas, zinc, lead, silver, copper, iron ore, steel, aluminium and power.

Treat Goa as special, need reform to revive mining: CM to NITI Aayog

Chief Minister Pramod Sawant on Saturday urged Prime Minister Narendra Modi to treat Goa as a special case regarding mining

China hikes half-year rare earth output quotas to record level: Report

China is the world's dominant producer of rare earths, a group of 17 minerals used in electric vehicles (EVs), consumer electronics and military equipment

Mining resumes at state-owned NMDC's Donimalai mine in Karnataka

State-owned NMDC on Thursday announced resuming mining operations at its Donimalai iron ore mine in Karnataka

Platinum prices surge to six-year high on brighter demand outlook

Market participants also await minutes of the U.S. Federal Reserve's Federal Open Market Committee meeting at the end of January, due on Wednesday

Goa: Hundreds of mining dependents take out protest march in Panaji

Iron ore extraction activities have been shut in the state for last three years

Goa govt making efforts to resume mining, says Governor Koshyari

The Goa government is making continuous efforts to resume mining in a systematic manner, Governor Bhagat Singh Koshyari said on Monday

At least five mine workers killed in blast in Karnataka's Shivamogga

At least five mine workers killed in blast in southern India

Mining reforms: Industry gives a thumbs up, environment concerns remain

Under the proposed reforms, captive mines would be allowed to sell 50 per cent of the minerals excavated in a year

Coal mining opens doors to pvt players; power distribution fails to reform

The Centre amended the Coal Mines (Special Provisions) Act, 2015, in May to open up auction for non-mining firms; micro, small, and medium enterprises; and foreign companies

Mining resumption issue needs sympathetic consideration: Suresh Prabhu

The demand for resumption of mining in Goa should be tackled sympathetically, India's Sherpa to G20 and G7 Suresh Prabhu said after meeting families of the people dependent on the mining industry

2020, a 'gloom, doom and boom' year for metals amid Covid-19 pandemic

While Covid-19-led lockdowns across the globe destroyed demand in the early part of 2020, a supply cut-driven rally and sharp recovery in the auto sector have emerged as big themes

Goa Mining halt led to sense of all-round gloom in state economy: Study

The stoppage of mining in Goa dealt a devastating blow to the livelihoods of people, according to a recent study.

Investors look for long-term plan from Vedanta after $1 billion bond sale

Company's failure to simplify its corporate layout by delisting its Indian unit Vedanta Ltd. in Oct. had triggered concerns on its ability to refinance its debt maturities.

L&T wins orders for supply of mining equipment to coal, cement sectors

S N Subrahmanyan, managing director and chief executive officer of L&T, said, these orders are a strong indication of the revival taking place in the mining industry

Govt examining provision to bar non-serious players from mining auctions

Union minister Pralhad Joshi on Wednesday said the Centre is contemplating stringent provision in the Mining Act so that non-serious players are terminated and barred from the auction of mines in the future. While addressing the 15th edition of Global Mining Summit and International Mining & Machinery Exhibition, coal and mines minister Joshi said that recently Odisha has completed the successful auction of large number of iron ore mines. However, some of the successful bidders are trying to evade the process of auctions by delaying the production, he informed. "Such cases will be dealt seriously, and in coordination with the state government, we are contemplating to bring stringent provision in the Act so that non-serious players are terminated and barred from future auctions," the minister said. He said that March was a significant month during which leases of large number of working mines expired and they had to be auctioned immediately. The government took a proactive and ...

Domestic mining-construction equipment biz recovers 22% YoY in Q3CY20: Icra

Though growth is still lower than Q3 CY2018 levels by 14%, it is significant considering the deep demand contraction of 40% in H1CY20, the rating agency says

Vedanta Zinc suspends mining at South Africa's Gamsberg mine after accident

Eight of the workers were rescued after the accident on Tuesday

L&T bags biggest order ever for construction & mining equipment biz

To supply 46 units of Komatsu Mining Equipment to Tata Steel