MINES

The coal industry experienced a notable increase in production and dispatch in the first quarter of the fiscal year, with a significant rise in output from various sectors and mines. The coal ministry's report highlighted positive growth trends in t...

In a groundbreaking move, draft guidelines propose transitioning to advanced technologies for sustainable coal mining, focusing on land restoration and mechanized mining over manual methods. The industry is poised for a transformative shift towards ...

State-owned firm NLC India Ltd reported a 22.12 per cent increase in lignite production to 61.72 lakh tonnes in the first quarter of the current fiscal, up from 50.54 LT last year. Coal production also rose by 35.27 per cent to 28.46 LT. Gross power...

The revised mining plan guidelines aim to optimise coal extraction through stringent measures, balancing flexibility for mine owners with responsibility and accountability. The guidelines were discussed during a stakeholders' consultation with 25 co...

A court in Zambia sanctioned a plan for Vedanta Resources Ltd. to regain control of the Konkola copper project by settling debts owed to creditors. The company needs to release $250 million to settle debts and has committed to investing $1 billion f...

A company which offers to share the highest percentage of its revenue earned through sale of extracted minerals with the state governments - called the auction premium - wins the bid.

Hindustan Copper, a state-owned enterprise in India, plans to develop two of its copper mines. Adani Enterprises and Hindalco Industries have shown preliminary interest in the project. This development came to light during a pre-bid conference held ...

On Monday, Union Minister G Kishan Reddy granted the first Lithium block, Katghora, and the Rare Earth Element (REE) Block of Chhattisgarh to Maiki South Mining Private Limited, with a Final Percentage Ownership (FPO) of 76.05%. India currently depe...

India has canceled the auction for 14 critical mineral blocks, part of a $362 billion initiative launched in February to promote clean energy transition. The cancellation was due to lack of bids received for blocks containing minerals like vanadium,...

The Ministry of Mines will launch the 4th tranche of auctions for critical and strategic mineral blocks on Monday in New Delhi. Union Minister G Kishan Reddy and Minister of State Satish Chandra Dubey will inaugurate the event. The launch follows am...

Karnataka's Minister of Environment has halted the handover of a forest area to a mining company, citing concerns over the felling of over 99,000 trees and potential environmental damage. The decision comes after Union Minister HD Kumaraswamy approv...

Union Coal and Mines Minister G Kishan Reddy launched the 10th round of commercial coal mine auctions, including 67 mines, to enhance domestic production and energy security. With a focus on reducing imports and increasing production, he highlighted...

Vedanta Ltd plans to spend $5 billion to cut carbon emissions by 25% by 2030, aiming to be carbon net neutral by 2050. It targets 2.5 GW of round-the-clock renewable energy by 2030, with 838 MW under construction.

Union Minister G Kishan Reddy to launch 10th round of commercial coal auctions with 60 mines on sale to enhance domestic production and energy security.

Thermal power plants (TPPs) in India reported their highest-ever coal stock of over 45 million tonnes on June 16, a 32% increase from the previous year. The Ministry of Coal worked tirelessly to ensure a consistent coal supply by enhancing productio...

The mines ministry has criticized Telangana for not auctioning any mineral blocks in the past nine years and urged the state to initiate auctions for at least six mines by month's end. Despite reminders, Telangana hasn't auctioned any of the eleven ...

Coal produced from the 62 blocks is permitted to be sold by the companies in the free market. So far, nine rounds of commercial coal auctions have taken place since 2020 and 107 coal blocks have been auctioned with 256 million tonnes peak rated capa...

Coal India Ltd's contribution to the government's exchequer decreased by 2.2% to Rs 9,560.28 crore in April-May of the current fiscal year, down from Rs 9,777.64 crore in the previous year. Total levies paid to the government in May rose to Rs 4,763...

Vedanta Ltd in April informed the BSE about the temporary suspension of mining operations at the iron ore mine due to non-compliance with the approved mining plan.