The extraction of precious minerals or other geological elements from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit, is known as mining. The economic viability of investing in the equipment, labour, and energy required to extract, refine, and transport the materials found at the mine to manufacturers who can use the material is based on the economic viability of investing in the equipment, labour, and energy required to extract, refine, and transport the materials found at the mine to manufacturers who can use the material.
Mining operations almost always have a negative influence on the environment, both during the mining process and after the mine has closed. As a result, most countries have implemented restrictions to reduce the impact; nevertheless, because mining plays such a large role in providing revenue for typically rural, distant, or economically impoverished regions, governments sometimes fail to fully enforce regulations. Workplace safety has long been a concern, and where contemporary methods have been strictly implemented, mining safety has considerably improved. Furthermore, unregulated or poorly managed mining frequently contributes to local human rights violations and resource conflicts, particularly in emerging nations.
Foundation Stone Laid for Karo and Konar Coal Handling Plants
Union Minister Shri Satish Chandra Dubey inaugurated the Karo and Konar Coal Handling Plants in Bokaro and Kargali, aiming to boost coal handling and processing in the region. Karo and Konar coal handling plants will facilitate First Mile Rail Connectivity, transporting coal from mines to railway circuits for thermal power plants and other consumers, replacing road transport.
The Konar Coal Handling Plant, costing ₹322 crore, includes a hopper, crusher, 10000 tonne coal storage bunker, a [...]
Welspun Enterprises Wins ₹1,989 Cr Water Tunnel Project in Mumbai
The lowest bidder (L1) for a ₹1,989.9 crore water tunnel project in Mumbai is Welspun Enterprises. The project, awarded by the Brihanmumbai Municipal Corporation (BMC), comprises the design and construction of a tertiary-treated water transportation tunnel from Dharavi's wastewater treatment plant to Ghatkopar.
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Kidney Ailment Death Sparks Concern Over Health Effects of Chromite Mining
In a tragic incident, the recent death of a local resident due to kidney ailments has reignited concerns about the health risks associated with chromite mining in the region. Environmental activists and health experts are urging authorities to investigate potential links between the mineral extraction processes and the rising number of kidney-related illnesses in communities near chromite mines. The victim, a resident of a village situated near a chromite mining site, had been suffering fro [...]
Centre seeks review of SC verdict allowing states to levy mining cess
The Centre is challenging the Supreme Court's 8:1 verdict, which granted states the power to impose cess on mining activities, and the August 14 judgment, which allowed retrospective dues collection. The Court has announced a 12-year staggered payment schedule for tax demands starting from April 1, 2026.The court waived interest and penalty demands made on or before July 25, 2024. The Centre has invited Madhya Pradesh as a co-petitioner to review the July 25 judgment in an open court hearin [...]
Ministry of Coal Reports Growth in Production & Dispatch for FY 2024-25
By August 25, 2024, coal dispatches increased by 5.48% from the previous year, reaching 397.06 MT.
The Ministry of Coal reported a 7.12% increase in coal production and dispatch for fiscal year 2024-25, reaching a cumulative output of 370.67 million metric tons. By August 25, 2024, coal dispatches increased by 5.48% from the previous year, reaching 397.06 MT.
The power sector saw a significant increase in coal dispatches, reaching 325.97 MT, despite a limited initial stock at thermal powe [...]
ECoR Implements Advanced Ballastless Track Technology in Tunnel Projects
In its latest railway tunnel building projects, the East Coast Railway (ECoR) has implemented cutting-edge ballastless track technology.
The East Coast Railway (ECoR) is working to improve the sustainability, safety, and efficiency of rail transportation by implementing cutting-edge ballastless track technology in its new railway tunnel building projects. As part of the Koraput-Singapur Road Doubling Project, the Rheda 2000 Block System was first used in a 600-meter tunnel between Baiguda an [...]
ArcelorMittal Reports 2Q 2024 and Half-Year Results
The top integrated steel and mining corporation in the world, ArcelorMittal, released its 2Q 2024 results, revealing an EBITDA of $1.9 billion, a tiny decrease from $2.0 billion in the 1Q 2024. In 2Q 2024, the EBITDA per tonne was $134, indicating further structural improvements.From 13.5 million tonnes in the first quarter of 2024 to 13.9 million tonnes in the second, there was a 3.2% rise in steel shipments. The impact of decreasing steel prices was somewhat mitigated by these increased shipm [...]
“DGMS prioritizes safety in light of rising commercial coal mine auctions.””DGMS prioritizes safety in light of rising commercial coal mine auctions.”
Chairman Nripendra Mishra announced that construction work is underway for the Ram temple, which is expected to be completed by December 31.
The Directorate General of Mines Safety (DGMS) is promoting safety norms among new players in the auction of more commercial mines. DGMS Director General Prabhat Kumar announced that the company is actively consulting with mine operators to ensure compliance with safety regulations for more captive and commercial mines. The Ministry of Coal has auct [...]
Magna is introduced by Terex for extensive mining and quarrying operations.
MAGNA is set to introduce a new range of robust, high-capacity machinery to cater to customers' demands for larger output and volumes.
Terex has launched Magna, a brand designed for large-scale operations in quarrying, mining, construction, and recycling. Under the 'Made for More' slogan, Magna offers robust, high-capacity machinery for customers requiring larger output and volumes. Terex's extensive global distribution network and ambitious product roadmap provide significant growth potenti [...]
India is going to lead the world in offshore mining.
The technique of extracting mineral reserves from the deep seabed—that is, below 200 meters—is known as offshore mining.According to a government official on Tuesday, India will take the lead in offshore mining, as not many other nations have made significant progress in this field. The technique of extracting mineral reserves from the deep seabed—that is, below 200 meters—is known as offshore mining.
In his speech on Monday, Mines Secretary V L Kantha Rao said that the offshore mine auction [...]