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Weekly Mining News: 21-04-2024

Weekly Mining News: 21-04-2024

  1. The Biju Janata Dal (BJD)  drops 5 MLAs in latest list, gives ticket mining transporter. BJD has given tickets to actor Varsha Priyadarshini and mining transporter-turned-politician Sanatan Mahakud in the party’s latest list of candidates for the Odisha assembly polls
  2. Saudi Arabia is said to be close to reaching a deal to acquire a minority stake in Pakistan’s $7 billion Reko Diq copper and gold mine, controlled by Barrick Gold.
  3. Railways succeeds in mining tunnel in sandy soil below NH-10, averting cave-in risk
  4. Cummins Inc . has recently launched a diesel hybrid solution for mining trucks in a collaborative effort with North Hauler Joint Stock Co., Ltd. (NHL), a prominent Chinese manufacturer of rigid mining trucks. It’s significant step in the company’s efforts to provide decarbonization solutions for industrial clients.
  5. US restricts drilling and mining in Alaska wilderness, angering state leaders. The Biden administration on Friday took steps to limit both oil and gas drilling and mining in Alaska.
  6. UAE giant eyes majority stake in Vedanta’s Zambian mines in expansion drive. Vedanta wants to sell part of its 80% stake in KCM.
  7. During the leasing out the granite-rich Idar village in North Gujarat’s Granite, Locals are fearful about Aravalli mountains’ Future and are striving.
  8. Tech Mahindra recruits Celonis-certified graduates in India with real-world process mining experience
  9. Swedish mining company Boliden (New Boliden) has appointed local industrial 5G network “challenger” Radtonics to deploy a private 5G network at its mine in Garpenberg, in Dalarna County in Sweden. The Garpenberg mine is “one of the world’s most modern”, mines.
  10. Protest at Adani port disrupts coal supply to Rashtriya Ispat Nigam Limited -RINL’s Vizag plant.

Ref: economic times, thewiredotin, miningdotcom, the print etc

Picture credit: https://www.rcrwirelessdotcom/

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Electric truck

Weekly Mining News: 14-04-2024

1.       Is asteroid/space mining the future? Asteroid mining company AstroForge is putting big money behind space minerals, but being an early adopter can be challenging. Can asteroid mining be profitable? AstroForge is counting on it

2.       Copper price rally continues with the surge to the highest in 22 months. Copper continued its upward charge, hitting the highest level since June 2022 as investors bet that curtailed ore supply will struggle to keep up with rising global demand.

3.   Indian Govt sets coal production target of 170 MT for captive, commercial mines for FY’25

4.       Sany launches India’s first locally-made electric mining truck, SKT105E, with an impressive payload capacity of 70 tonnes, it stands as a powerhouse asset for mining enterprises across the nation.

5.       One good step by Greece. Minister announces steps to bolster mining industry. Deputy Environment and Energy Minister Alexandra Sdoukou revealed four actions that will support the development of the mining industry in Greece, speaking at the Delphi Economic Forum on Thursday.

6.       14 dead, 12 hurt after bus falls into mining pit in Chattisgarh.

7.       Major Mining Technology Innovations in 2023 are automation in safety, autonomous vehicles, rise of drones and unmanned aerial vehicles, robotics in mining, the revolution of data analytics and AI.

8.       Contract mining and mining services leader Thiess gets six-year contract extension at BHP’s Mount Arthur South Operations

9.       G Mining’s Brazil gold mine construction is nearly complete, on track for production in H2

10.   The Jordan govt launched a strategy to make Jordan ‘a mining country’ in 2033, by raising the mining sector’s contribution to the gross domestic product to JD2.1 billion, compared to JD0.7 billion currently.

Ref: mining.com, im-mining.com, ekathimerini.com, timesofindia etc.

Read the last week’s post- Weekly Mining News: 07-04-2024

Picture credit: https://www.manufacturingtodayindia.com/

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deep see mining

Weekly Mining News: 07-04-2024

  • India’s mining output rises 8% year-on-year. India’s mining index rose to 139.6 in February 2024. Iron ore and limestone account for 80 per cent of the total production value.
  • Times of India releases the list of 8 most dangerous mines in the world. The list included Mponeng gold mine-SA; Coal mines at Dhanbad- India; Chuquicamata Copper mine- Chile; Grasberg mine-Indonesia; Siberian Coal mines- Russia; Mirny diamond mine-Russia; Talcher Coal mines-India; EI Teniente copper mines- Chile.

  • NGT’s new move to fight illegal miners. NGT has mandated that only GPS-equipped vehicles will be permitted to transport minerals to stone crushers and screening plants in Gurgaon, Faridabad and Nuh. From 15 April, any vehicle transporting minerals without GPS can be seized by police

  • Controversial deep-sea mining negotiations showed progress, but many disagreements among member states remain. More than 190 delegates and observers gathered in Jamaica from March 18-29, 2024, for the first part of the 29th session of the International Seabed Authority (ISA) Assembly and Council.

  • Supreme court Tells Tamil Nadu, ED can summon ‘any person’ for ‘any information’, regarding the illegal sand mining case.

  • Amaroq Minerals Ltd., an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, has announced that the successful first underground mining blast at Nalunaq was initiated on 30 March 2024 at the 720 m level.

  • Research shows boom in mining for renewable energy minerals threatens Africa’s great apes. Researchers applaud move away from fossil fuels but say more must be done to mitigate effects on endangered species.

  • Survey shows Gulf states are putting their money into mining. They are Hungry to diversify their economies beyond fossil fuels, Middle Eastern powers are investing in the resources needed to produce clean energy

  • Chinese iron ore price dips but rises on a weekly basis- in this week.

  • Vedanta Q4 output shows aluminium production up by 4% and iron-ore sees a double-digit jump.

Ref: timesofindia, mining.com, pgurus, thehindu, the print, ft.com, theguardian etc

Picture credit: downtoearth.org.in- https://www.downtoearth.org.in/news/mining/controversial-deep-sea-mining-negotiations-showed-progress-but-many-disagreements-among-member-states-remain-95338

See the last week’s news- https://waartsy.com/weekly-mining-news-last-week-march/

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