Weekly Mining News: 06-10-2024

1. NTPC mining achieves 20% growth in 1st half of Fy2024-25
2. Union Minister of State for Coal and Mines Satish Chandra Dubey inaugurated the resumption of HCL’s Surda Mine Operations. HCL has plans to enhance the mining capacity of Surda mine from the current level of 0.4 mtpa to 0.9 mtpa in the next seven years.
3. No relief for miners: SC denies pleas to review mineral royalty judgment
4. Russia sets coal mining, new energy ambition in India. Russia is eyeing the huge potential in increasing presence in coal mining opportunities and engaging in new energy projects in India.
5. Himachal Pradesh Introduces New Mining Fees: Sand and Gravel Prices Set to Rise
6. Global chipmaking hit as Hurricane Helene disrupts quartz mining.
   Flooding of US town of Spruce Pine affects production of key ingredient in semiconductor supply chains.
7. Mining Industry Needs $2.1 Trillion Dollars in New Investment by 2050 to Meet Net-Zero Demand for Raw Materials, Finds BloombergNEF in New Report .
8. Australian mining tycoon Andrew Forrest, founder and executive chairman of Fortescue, says it is time for the world to walk away from the “proven fantasy” of net zero emissions by 2050 and to embrace “real zero” by 2040 instead.
9. A whopping 46,759 acres of forest land have been diverted for mining across India in the last five years
10. Ghanaians Call on Government to Shut Down All Illegal Gold Mines. Hundreds of Ghanaians have called on their government to clamp down on illegal mining.

Reference: timesofindia, economictimes, thenewshimachal, ft.com, livemint, about, CNBC etc.

Pic ref: ft.com