Indian cabinet approves auctioning of legacy issues non-coal mineral blocks

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The Indian cabinet has approved a proposal to amend the relevant law for auctioning partially or minimally explored mines under current leases, but entangled in legacy issues and litigation through competitive bidding. Over 500 non-coal mineral blocks will be up for grabs now. Further, the employment-intensive, but highly under-invested sector, will get a fillip from […]

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Nalco plans Rs 30,000-cr investment for expansion, diversification by FY28

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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 […]

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Global zinc production to rebound next year – Fitch Solutions

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Global zinc mine output will recover in the coming years following several years of decline, Fitch Solutions forecasts in its latest industry report, adding that after contracting by almost 10% between 2013 and 2020, annual output will commence a multi-year uptrend starting in 2021. High prices by historical standards have encouraged investment into a pipeline of new […]

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License to operate, still the top risk for miners: EY report

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License to operate (LTO) remains, for the third consecutive year, as the number one issue for miners, according to a survey by Ernst & Young with over 250 executives, while shifting the balance of power among the world’s largest economies has created a new geopolitical risk.  The annual EY Top 10 business risks and opportunities — 2021 shows 63% of […]

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Suggestions on proposed mining reforms in India do not call for legalizing illegal mines

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The government of India has clarified that there is no proposal to certify illegal mining as legal, after receiving a large number of suggestions on the proposed mining reforms. The mines ministry had recently sought suggestions from the general public, mining industry and other stakeholders on the proposed reforms in the Mines and Minerals (Development and Regulation) Act, 1957. […]

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