Weekly Mining News: 31-03-2024

1. Govt cancels auction of 13 of 20 critical mineral blocks over poor response
2. Tamil Nadu: TAMIN, IREL gear up to set up mineral separation plants in Theri forest
3. India wants to dig deep into metal-rich Indian Ocean seabed. Indian delegates have been visiting the International Seabed Authority (ISA), Jamaica to strengthen efforts to explore two deep sea regions in the Indian Ocean for mining, according to reports this week.
4. Five miners killed after roof collapses due to heavy rain in Balochistan
5. India Joins Sri Lanka in Seabed Mining Race
6. India to send teams to Chile seeking lithium and copper assets. India will send two delegations next month to Chile to scout for lithium and copper resources, a government source said, as rapid economic expansion and New Delhi’s efforts to speed up the energy transition stoke demand for critical minerals.
7. China smelters plan output cuts, no Q2 copper guidance price. hina’s top copper smelters have proposed to cut production by 5% to 10% and decided not to issue guidance prices for copper treatment charges (TCs) for the second quarter, two sources with knowledge of the matter said on Thursday.
8. Nigeria to grant mining licences only to companies that process locally. Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed.
9. Miners urge govt not to impose export duty on low grade iron ore.
10. Minor mineral industries facing unprecedented crisis with heavy tax burden, stringent license norms
11. Mining scam accused Janardhan Reddy unconditionally returns to BJP. He was accused of scams during the BJP’s 2008 regime in the state.

Ref: timeofindia, businessstandard, miningdotcom, Reuters, economic times, Thehindu, economictimes

Picture credit: https://roamingowls.com/2019/02/20/desert-of-tamilnadu-theri-kaadu/

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