NLC India, a Navratna company known eerstwhile as Neyveli Lignite, under the ministry of coal, has earmarked over Rs 43,000 crore in various power and mining projects. The new projects will add 3,920 Mw of power, including 1,000 Mw solar power, and 11.50 million tonnes per annum (MTPA) of mining capacity to the company. In […]
There’s a reason India and China defended coal’s future at the Glasgow climate summit: no nations have added more coal-fired power-plant capacity in the past decade than these two major emitters. China and India are currently mining a combined 14 million tonnes of coal a day. Coal not only remains crucial to their current energy needs but […]
Saudi Arabia is a mining country in the making. The country has taken many transformational steps to make investing in mining more attractive than ever before, said His Excellency Khalid Al-Mudaifer, Vice-Minister of Mining Affairs for the Saudi Ministry of Industry and Mineral Resources Duriing Mines and Money Online Connect. The Arabian Shield is estimated […]
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 […]
Fortescue Metals Group in Australia has produced high-purity green iron ore and successfully tried ammonia-powered freight as part of its Fortescue Future Industries (FFI) renewable energy and industry initiative. The initiative is meant to test if 100 per cent green energy could be used to manufacture iron and steel, fertiliser and cement. According to FFI […]
Indonesia, home to one of the world’s largest gold mines, plans to set up a bullion bank to spur trading of the precious metal domestically. The government is consulting with parties including the central bank and the mining industry, with a plan to start operating the bank in 2024, Trade Minister Muhammad Lutfi stated. “Our […]
Myanmar’s military has further tightened its grip on the country’s jade trade, using the industry to finance the February 1 coup that plunged the country into turmoil, a new report indicates. According to human rights organization Global Witness, the military junta (Tatmadaw) is now in charge of the multibillion-dollar jade industry whose business mostly goes to China, […]
To reduce its carbon footprint, Coal India Ltd (CIL) has put special thrust on energy efficiency measures and is forging ahead with a series of measures to offset carbon emission in mining operation in all its coal producing companies. CIL has also drawn an ambitious 5-year plan of carbon offset in different fields of its […]
India’s mines ministry has proposed a host of amendments to the mineral concession rules (MCRs) for minerals other than atomic and hydro carbon energy under which ownership transfer for all kinds of mining leases obtained either via auction or non-auction routes would be allowed. This is expected to encourage mergers and acquisitions in the sector. […]
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 […]
