Weekly Mining News: 16.06.2024

1. Mining industry pitches reforms to create 1 crore jobs by 2047
2. The Indian government will auction 62 coal blocks next week. Since the inception of commercial coal block auctions in 2020, the ministry has auctioned 107 coal blocks across nine rounds, with a peak rated capacity of 256 million tonnes.
3. India aims to boost iron ore processing to support its steel industry’s shift to environmentally friendly production. Steel output is projected to reach 200-210 million tonnes by the 2029/2030 fiscal year, a 40-47% increase from the 2023/2024 fiscal year.
4. Nalco has signed a mining lease agreement with the Odisha government for a 697.979-hectare area in the Bauxite Mines of Pottangi Tehsil, Koraput District.
5. The ED has attached assets worth ₹4,440 crore in an illegal mining case in Uttar Pradesh. This money-laundering case is based on a CBI FIR investigating the alleged illegal renewal of sand mining leases in Saharanpur.
6. Komatsu plans to establish a $36 million service center in India to refurbish coal mining equipment, extending the machines’ operational life.
7. A significant rare earth deposit of 8.8 million tonnes has been discovered in southeast Norway, a positive development for European mineral sovereignty.
8. India is seeking to secure rare mineral mining technology and partnerships from Russia. The Ministry of Mines has started bilateral meetings with Russia.
9. Union Minister HD Kumaraswamy has approved iron mining operations in Ballari, greenlighting the Devadari iron mine in Sandur shortly after assuming office.
10. Tamil Nadu has simplified its sand mining regulations. Chief Minister M.K. Stalin announced new rules to help farmers and potters extract sand, alluvial soil, and clay from local water bodies.

Ref: deccanchronicle, timesofindia, gmkdotcentre, iris-france, asianikkei, business-standard, thehindu, livemint.com

picture ref: https://asia.nikkei.com/

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