The index of mineral production of mining and quarrying sector for September 2021 stood at 95.1, which was 22.3 per cent higher as compared to the year-ago month, the mines ministry said. The cumulative growth for the April-September period over the corresponding period of the previous year has decreased 15.2 per cent, the ministry said […]
All three domestic aluminium producers of the country – Hindalco, Balco and Nalco –have decided to undertake major capacity expansion programmes in primary metal and Value Added Products (VAPs). Anil Agarwal-owned Vedanta has said it will make BALCO a nearly 1 million tonnes per annum smelter by building new capacity of 414,000 tonnes over the […]
For decades, mining has eaten into the forests of mineral-rich Chhattisgarh. But as the state moves away from opening coal mines, authorities have introduced measures to boost output of forest goods – from tamarind to cashew nuts and medicinal seeds. In the forests of Bastar in Chhattisgarh, women have been busy plucking the tan-coloured fruits […]
The mines ministry has amended the mineral auction rules to remove end-use restrictions for mines to be allocated in future through the competitive bidding route, a move that is expected to enhance production and attract private investments into the sector. “The state government shall not reserve any mine for captive purpose or any specific end […]
In the first quarter of FY22 until June 10, India’s bauxite imports totalled $ 51.97 million (Rs 390 crore), with a significant share going to the participants in the value chain of extraction, transportation, processing and supply of bauxite and its end output, informed Indian Industrial Value Chain Collective (IIVCC). The IIVCC group represents organizations involved […]
During the current fiscal, 2020-21, very few non-coal mining leases were allotted. Compared with 43 blocks successfully auctioned in 2019-20, only six leases could be auctioned out so far in the current fiscal, data from the ministry of mines showed. Since the time mining allocation was made mandatory through the auction route in 2015, a […]
National Aluminum Co Ltd (Nalco) reported a consolidated profit of Rs 239.71 crore for the quarter ended December 31, 2020. The company had posted a consolidated loss of Rs 33.90 crore in the corresponding quarter of the previous financial year, Nalco said in a filing to the BSE. The net profit has jumped by 123 […]
State-run aluminium maker Nalco will invest around Rs 30,000 crore by financial year 2027-28 on various expansion and diversification plans. Of this proposed investment, the company will spend over Rs 7,000 crore on a fifth refinery, development of Pottangi bauxite mines and transportation and Utkal D&E coal mines. The remaining Rs 22,000 crore will be […]
The Indian mining industry has urged the government to reduce high export taxes on iron ore and bauxite, which are stifling the growth of the industry. Sunil Duggal, president of the Federation of Indian Mineral Industries, said that around 137 million tons of iron ore fines of 62% grade were lying unutilised at the mines […]
The Indian aluminum sector finds itself buffeted by the winds of uncertainty because of the COVID-19 pandemic. Industry leaders have suggested many measures to the India government to put the sector back on track. Top of the list is a request to allow an export scheme for aluminum without any cap on the total exports. […]
