Weekly Mining News: 15-09-2024

1. DoMG has announced the E-auction of 7.56 lakh metric tonnes of already extracted iron ore lying at jetties and plots across the country.
2. Odisha lost ₹22,400cr in mining revenue due to undervaluing of iron ore grades. CAG blows the lid off major irregularities in the Odisha mining sector
3. Steel Ministry ‘in talks with Karnataka’ to resume Devadari mining project. Clearances have been halted by the Congress-run State government citing environmental concerns
4. UK High Court Revokes Permit for First Coal Mine in 30 Years. London’s High Court on Friday quashed a planning permission for the UK’s first new coal mine in three decades, ruling that the permit was unlawful as it hadn’t considered the emissions from burning the fuel.
5. India’s coal sector records 5.85% growth in FY 2024-25, reaches 411.62 MT despite challenges
6. Tribal violence over Papua New Guinea mines kills at least 30. Police reported 30 men had been killed across the rival clans, hundreds of women and children displaced
7. Saudi Mining company Ma’aden to buy Alcoa’s Stake in Joint Venture for 1.1 billion dollar.
8. Ghana bishops blast government for ‘weak, corrupt’ efforts to halt illegal mining
9. BHP Warns AI Boom Could Worsen Copper Shortage. Data centres currently comprise less than 1% of copper demand, but that is expected to be 6-7% by 2050. It predicts 72% increase in global copper demand by 2050.
10. NMDC exploring mining opportunities overseas. The country’s largest iron ore miner NMDC on Thursday said it is pursuing mining opportunities abroad for lithium, copper, nickel and cobalt.

Ref: vcircle, thehindu, Aljazeera, miningdigital, cruxnow, oilprice, prudentmedia, mining.com

Picture ref: oilprice.

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