Weekly Mining News: 08-09-2024
Categories:
- JSW Steel secured financing from Japan’s MUFG Group for its Australian coking coal mine acquisition. The development assumes significance as global banks reduce fossil fuel investments due to climate change concerns.
- Mineral Resources’ MD Chris Ellison sparked debate by restricting his employees from taking coffee breaks, aiming to keep employees “captive all day,” amid ongoing discussions about Narayana Murthy’s 70-hour workweek suggestion.
- Europe to ramp up lithium mining to cut China’s market grip. A fleet of new lithium mines are set to open across Europe in the next few years.
- South West Pinnacle Exploration secured a Rs 10.84 crore contract from CMPDI, a Coal India subsidiary, for coal exploration in Madhya Pradesh, to be completed in 360 days.
- Odisha may approach SC to validate its 2004 ORISED Act, which levies taxes on mines, struck down by HC in 2005.
- NGT directs CPCB to analyse satellite images to assess illegal sand mining near damaged Swan River bridge.
- For the first time since Jharkhand’s separation from Bihar, preparations are underway to start opencast mining in six new blocks of minerals, such as glauconite potash, nickel chromium, limestone and magnetite in Rohtas, Gaya and Jamui districts.
- Major environment orders in September-2024: NGT forms joint committees to investigate Ganga sand mining, Maharashtra air pollution control, and illegal mining near the Kaliyasot River.
- Over 200 homes in Uttarakhand’s Bageshwar district cracked, locals blame mining
- Coal India plans to start mining lithium, nickel, cobalt, molybdenum, graphite, phosphorus and potash in foreign countries. In May 2024, the central government had asked Coal India, NMDC, and ONGC Videsh to actively scout for critical mineral assets overseas.
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