Weekly Mining News: 29-09-2024

1. The government has announced an increase in the minimum wage through a revision of variable dearness allowances, which will benefit workers across various industries, including the mining sector.

2. If Trump secures the presidency, it could signal a new era of mining in U.S. parks and wildlife areas. His plan for “energy dominance” involves lifting restrictions on mining and drilling activities on public lands.

3. A man has been charged with illegal mining on land designated for a graveyard in Tahliwala Bodla village, Punjab. The Waqf Board claims that the individual, who has been unlawfully occupying the land, has been conducting unauthorized mining activities.

4. On September 28 (Saturday), Andhra Pradesh Congress Committee (APCC) president Y. S. Sharmila called for a thorough investigation by the Central Bureau of Investigation (CBI) into the alleged mining scandal during the tenure of the YSR Congress Party (YSRCP) government in the state.

5. One day after assuming office as the Minister of Mining and Geology, Barinder Kumar Goyal emphasized his commitment to ensuring full transparency within the department. Goyal also revealed that 12 multinational companies have expressed interest in partnering with the mining department.

6. A public consultation regarding the proposal to extract rare earths from 1,144 hectares in seven coastal villages, initially scheduled for October 1 at the Padmanabhapuram Sub-Collector’s Office, has been temporarily postponed.

7. The GCCI has called for an immediate reassessment of the Supreme Court’s ruling on mineral taxation, warning that it could negatively impact downstream industries and lead to a rise in mining-related inflation, affecting the broader economy.

8. A recent study reveals the simultaneous presence of magnetic bacteria and polymetallic nodules, which could offer new insights into how these mineral-rich nodules develop on the ocean floor. These nodules, roughly the size of potatoes, are abundant in valuable minerals like nickel, cobalt, and manganese, making them a focal point of contentious deep-sea mining efforts.

9. Pope Francis has expressed his condolences and offered prayers for the victims of a coal mine explosion in northeast Iran, which resulted in the deaths of at least fifty people.

10. India’s iron ore production increased by 7.4%, reaching 116 million tonnes between April and August.

Ref: indiatimes, economic times, the hindu, business standard, https://www.vaticannews.va/

Read last week’s post- https://waartsy.com/weekly-mining-news-22-09-2024/