Weekly Mining News: 24-03-2024

1. Mining to restart in Goa after six years. Vedanta set to resume mining in Goa, approved to extract 3 million tonnes/year of iron ore from Bicholim block
2. Nine of top 10 donors of Odisha’s BJD are in mining, steel sectors, includes Rungta Sons (Rs 50 crore), S N Mohanty group (Rs 45 crore), Rashmi Cement (Rs 45 crore), Vedanta Ltd (Rs 40 crore), Penguin Trading and Agencies Ltd (Rs 30.5 crore).
3. India’s deep-sea mining can power India’s green transition: India has joined the burgeoning race, aiming to mine the deep sea for its abundant resources which has potential of 8 to 16 trillion dollars, a group of earth scientists have recently published a report.
4. Twelve workers killed in Pakistan coal mine explosion at a coalpit in Pakistan’s southwestern province of Balochistan. workers trapped about 240 metres (800 feet) underground and ultimately killed.
5. India is looking at setting targets on offshore mineral mining: the auction of offshore mining will start this year, secretary at the Ministry of Mines said on Friday
6. Global Mining Industry Faces ‘Trust Deficit’ Despite Being Asked To Produce More Metals For Energy Transition. Data says the public does not trust the mining industry even as it expects miners to produce more metals to decarbonize the global economy and raise standards of living around the world.
7. Zinc rallies as Glencore temporarily halts mine after cyclone Investors emboldened by stronger risk appetite, weaker dollar
8. Global miner Rio Tinto will invest $350 million at its Rincon lithium plant in Argentina as it works to begin production by the end of the year, the company said this week following chief executive Jakob Stausholm’s visit to the site.
9. Tata Steel falls over 2% this week as board approves fundraising of Rs 2700 crore
10. Coal India, Vedanta among 5 metal stocks that recorded highest profit in Q3

Ref: timeofindia, firstpost, Bloomberg, mining.com, etc.

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

read the last weekly news: weekly mining news 17-03-24.