NMDC Ltd. has increased iron ore prices by Rs 1,100 per tonne of lump and by Rs 500 for the same quantity of fines. This is the second increase this month by the country’s largest iron ore producer. Following the latest change, effective April 14, a tonne of lump ore costs Rs 6,950 a tonne, […]
The Supreme Court of India stayed the National Green Tribunal’s (NGT) last month’s order of stalling operations of Vedanta’s mining plant at Dharbandora in Goa for lack of mandatory environmental clearance. A Bench led by Justice LN Rao, while staying the NGT’s March 4 order, also sought response from Goa Foundation, an NGO, which had […]
Pacific Investment Management Co. (PIMCO), which is seeking to decarbonise its investment portfolio, has stopped participating in the bond offerings of Adani Ports & Special Economic Zone Ltd. because of Adani’s links to a controversial coal project Australia. Pimco, which is owned by Germany’s Allianz SE, did not participate in Adani Ports’ $500 million bond […]
In February 2021, for the first time ever, Australia exported $8 billion more goods than imports for the third consecutive month. According to reports, Australia’s economy is heavily dependent on iron ore and its exports. Over the past year, iron ore made up 41 per cent of Australia’s total exports. While everything – including coal […]
The Indian parliament passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2021 which seeks to bring more reforms in mining sector for boosting private investment and creating more jobs. However, opposition parties demanded a select committee scrutiny of the bill, saying the government may face the same backlash against this Bill as they […]
Indian government has inserted a new clause into the Mines and Minerals (Development and Regulation) Amendment (MMRDA) Bill, 2021, to take control of the district mineral funds from the state governments. The amendment, part of many changes to the relevant Act has been cleared by the Cabinet last week. Political analysts are considering it to […]
One of the world’s biggest gold refiners in Switizerland said it had developed a way to quickly confirm where gold had been mined, potentially stopping illegal gold from entering supply chains. Metalor, with plants in the United States and Asia, said it devised the method with the University of Lausanne in a 26-month-long research project. […]
A bench headed by the National Green Tribunal (NGT) Chairperson Justice Adarsh Kumar Goel has ruled that Vedanta’s mining plant in Dharbandora area in Goa cannot operate without obtaining Environment Clearance (EC). “Accordingly, we hold that the application is maintainable and requirement of prior EC for operating the plants in question by Respondent no. 4 (Vedanta) […]
Billionaire Lakshmi Mittal is revisiting a plan to set up a large greenfield steel plant in the mineral-rich Odisha, according to the state government. ArcelorMittal-Nippon Steel India (AM/NS India), a 60:40 joint venture between world’s largest steelmaker ArcelorMittal and Japan’s Nippon Steel inked an agreement with the Odisha government to set up a 12 million […]
India’s only gold producer Hutti Gold Mines plans to triple annual production of the yellow metal to 5,000 kgs in one-and-a-half years, according to Karnataka Mines and Geology Minister Murugesh R Nirani. Nirani, who completes one month in office as cabinet minister in the BJP-ruled Karnataka government, added that due to COVID-19, the revenue from mines […]
