Weekly Mining News: 4th Week Jan-24: 28.01.2024

Weekly Mining News: 28.01.2024

1. India signs agreement with Argentina for lithium exploration and mining projects. Also mines ministry has recently started the auction process of lithium deposits in India.
2. Coal India targets 31 mt in FY24, 42 mt in FY25 from Under ground coal mines. As UG mining’s advantage is minimal impact on environmental parameters as per coal Indian official.
3. Kenya has discovered its first deposits of the valuable mineral coltan (mineral of rare earth mineral niobium and tantalum), which has the potential to increase the contribution in the GDP of Kenya from 1% to 10%. read the full story- https://www.bbc.com/news/world-africa-68090482 for weekly news.
4. Billionaire Anil Agarwal’s Indian mining company Vedanta reported an 18% drop in quarterly profit on weak prices of key metals such as zinc and aluminum and higher finance costs.
5. More than 70 dead in artisanal mine collapse in Mali. Despite the dangers, small-scale unregulated mines continue to flourish and attract thousands of gold miners.
6. Zimbabwe Rescues All 15 Trapped Miners Alive who were trapped after a UG gold mine collapse
7. South Africa turns to army in nationwide clampdown on illegal mining. As many as 3,300 army personnel will take part in an ‘intensified’ operation to curb illegal mining across South Africa
8. Mining giants (BHP, Vale and their Samarco iron ore joint venture) told to pay $9.7bn over Brazil dam disaster. The disaster caused a giant mudslide that killed 19 people.
9. As part of the ongoing statewide campaign against illegal mining activities in Rajasthan, Mines Secretary Anandhi has given instructions to conduct Drone surveys to to curb illegal mining
10. Coal India likely to mine critical minerals. State-owned Coal India Ltd (CIL) is mulling the mining of critical minerals, including lithium, an official said.
11. India to send industry delegation for copper mining opportunities in Zambia. Domestic copper demand grew by 16 percent in FY2022-2023 (FY23), while demand for copper in clean energy technologies grew by 32 per cent.

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