Mines: Latest News and Updates, Top Stories, Videos, Photos About Mines

NALCO Achieves Record Cast Metal Production and Sales in FY24

State-owned National Aluminium Company Limited (NALCO) has set a new benchmark in its production and sales performance for the financial year 2023-24. The company announced a record production of cast metal, reaching 4,63,428 metric tonnes, surpassing all previous records since its ...

Coal Sector Spearheads Economic Growth with Impressive 11.6% Rise In February 2024

The Ministry of Commerce and Industries on Monday released data showing the coal sector's impressive 11.6% surge in February 2024. This surge, the highest among the eight core industries, underscores the sector's pivotal role in driving economic momentum. The Index of ...

Coal Resilience Challenges Climate Goals, Faces Prolonged Exit Amidst Demand

Coal, often considered the dirtiest fossil fuel, is experiencing a resurgence despite global efforts to transition to cleaner energy sources. More than two years after climate negotiators attempted to phase out coal, the industry is proving remarkably resilient, fueled by a ...

Govt Rejects Hindustan Zinc's Plan To Split Co: Mines Secretary

The mines ministry has rejected a proposal by Vedanta group's firm Hindustan Zinc Ltd to split the company into different entities, a top official on Friday said. The government is the largest minority shareholder in Hindustan Zinc, owning a 29.54 per ...

Coal India: PSUs Bag 95.83% Of CAPEX Target To Rs 20,153 Crore; Utility Stocks In Focus

The Ministry of Coal announced on Wednesday that the state-owned Coal India Ltd. (CIL) is poised to surpass its CAPEX target of Rs 20,153 crore for the ongoing fiscal year. The government has once again demonstrated its pivotal role in driving ...

Novelis Surpasses EBITDA Targets, Boosting Parent Company's Prospects

Novelis, a subsidiary of the Aditya Birla Group's Hindalco, has achieved its guided operating profit or EBITDA per tonne level well ahead of schedule. This development is poised to put shares of Hindalco in the spotlight on Wednesday. Novelis had set ...

Tata Steel Long Products Trims Losses In Q2

In a promising financial turnaround, Tata Steel Long Products Ltd (TSLP) reported a significant reduction in consolidated net losses during the third quarter, marking a substantial improvement from the same period last year. With burgeoning revenues and increased expenses, the steel ...

Cabinet Approves Royalty Rates For Mining Of Rare Metals

On October 11, the Cabinet approved royalty rates for the mining of rare minerals which included lithium, niobium and rare earth elements (REEs). According to a press release, the government will impose 'reasonable' royalty rates, i.e. lithium at 3% of the ...

NTPC Registers 62% Growth In Coal Production From Captive Mines

NTPC has registered a 62 per cent growth in coal production from its captive mines, the state-run power producer said on Friday, according to a PTI report. NTPC continues to demonstrate an increasing trend in coal production from its captive ...

SAIL To Invest Rs 4,000 Crore in Jharkhand Over 3 yrs, To Augment Gua Mines Capacity To 10 MT

State-owned Steel Authority of India Ltd (SAIL) on Saturday expressed commitment to invest Rs 4,000 crore in the next three years in Jharkhand to augment capacity of its Gua mines besides installing a 4-million-tonne (MT) pallet plant. The intent for investment ...

Mines News