User: esg Topic: Issues
Category: mining :: aluminium
Last updated: Feb 19 2019 24:26 IST RSS 2.0
 
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Exclusive: Glencore to take 200,000 tonnes of aluminium from ISTIM Port Klang warehouses 18.2.2019 Reuters: Money News
Mining giant Glencore has bought 200,000 tonnes of aluminium on the London Metal Exchange and will take delivery of the metal from warehouses owned by ISTIM UK in Port Klang, Malaysia, five sources familiar with the matter said.
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Year End Review 2018-19: Ministry of Mines 10.1.2019 Govt of india: PIB
  AMENDMENTS IN THE MINERAL AUCTION RULES The Mines and Mineral Development and Regulation Act, 1957 was amended in 2015. Subsequent to the amendment, the Ministry of Mines notified the Mineral Auction Rules, 2015 on 20/05/2015 to prescribe the procedure of the auction process.
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Auction of two Odisha iron ore mines deferred 26.12.2018 Financial Chronicle
New Delhi The government has deferred the auction of two iron ore mines having reserves of 93.87 million tonnes in Odisha, according to a mines ministry report. The government has not given any reason for deferring the auction of the mines. While the Chandiposhi iron ore block in Sundergarh, Odisha, has reserves of 47.07 million tonnes, the Purheibahal block has reserves of 46.80 million tonnes, the report said. The notice inviting tender for both the mines was released on February 23. The ministry is also planning to auction two limestone blocks in Chhattisgarh next month. Both the mines have “no end-use reservation”, the ministry said. The government so far has auctioned 50 mines, including 23 limestone, 17 iron ore, four gold, two each of manganese and graphite blocks and one each of bauxite and diamond block. From the 50 mineral blocks auctioned so far since 2015, the government will earn a revenue of Rs 1.81 lakh crore over the lease period. To ensure transparency in the mineral sector, the mines ...
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Nalco in expansion mode, to invest 45K cr in new and existing projects: CMD 17.12.2018 Sify Finance
Buoyed by increasing domestic demand on the back of infrastructural development, state-run National Aluminium Company Ltd (Nalco) plans to embark upon a Rs 25,000 crore brownfield and Rs 20,000 crore greenfield expansion in the next few years, its Chairman and Managing Director T.K. Chand said, adding this should eventually improve the bottomline by Rs 1,100 crore.
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Russia's Potanin to appeal UK court decision in battle of billionaires 27.11.2018 Reuters: Money News
Russian businessman Vladimir Potanin plans to appeal a London court decision to block him from buying shares in mining company Norilsk Nickel from fellow investor Roman Abramovich, representatives at Potanin's investment firm said on ...
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Saudi says new mining project to increase non-oil GDP by 3 percent 22.11.2018 Reuters: Money News
Saudi Arabia's King Salman on Thursday inaugurated the Waad Al-Shamaal mining project which is expected to boost the kingdom's gross domestic product by 24 billion riyals ($6.4 billion) and its non-oil GDP by around 3 percent.
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Saudi king to open $22.7-billion mining project on Thursday, Al Arabiya TV 20.11.2018 Reuters: Money News
Saudi Arabia's King Salman will inaugurate on Thursday the Waad Al-Shamaal project, a 440-square-km city for mining industries in the country's northern region, Al Arabiya TV said, quoting energy minister Khalid al-Falih.
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Rio Tinto, Nespresso join forces to make coffee pods greener 18.11.2018 Reuters: Money News
Nespresso, part of food giant Nestle, aims to use sustainable aluminium in all of its coffee capsules by 2020 under a deal with mining major Rio Tinto announced on Monday.
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NALCO registers strong performance H1 net profit jumps three-fold H1 operating profit goes up by four-fold 13.11.2018 Govt of india: PIB
National Aluminium Company Limited (NALCO), a Navratna PSU under Ministry of Mines has once again repeated its strong performance by posting a turnover of Rs 5,952 crore in the first half of FY 2018-19, i.e. 42% growth over H1 of FY 2017-18.
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Quest for black diamond: Pollution from mines, power plants is choking Chhattisgarh’s coal hub 9.11.2018 Scroll.in
In Korba, industrial exploitation of the area with no concern for residents’ health has led to resentment among the communities.
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Odisha Government Approves Investment Plans Worth Rs 25,845 Crore 3.11.2018 NDTV News - Latest
The Odisha government on Saturday approved six proposals to set up large manufacturing units in the state at a cost of Rs 25,845 crore.
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Naxals claim responsibility; says killed TDP leaders as they became mining mafia, ignored tribals' interest 2.11.2018 Zee News : States
Two TDP leaders from Araku were shot dead by Naxals on September 23.
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Why a journalist wrote about the Niyamgiri agitation in the form of a Young Adult novel 21.10.2018 Scroll.in - News that matters
An interview with the author of ‘Year of the Weeds’, a fictionalised telling of the Niyamgiri agitation in Odisha should be read by adults as well.
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Domestic firms worried as non-ferrous metal imports see big jump 15.10.2018 Financial Chronicle
kolkata India is well endowed with minerals. It’s a treasure trove of 95 minerals, including fuel, atomic, metallic and non-metallic and minor minerals. The mining sector offers tremendous potential and presents a vast opportunity for investors to mine the unexplored regions. In a world governed by increasing volatility, those trading in minerals and metals require absolute clarity in the prices, information and forecasts they receive. Massive rise in imports in India have hugely affected domestic non-ferrous base metal manufacturing sector, particularly copper, aluminium, zinc, lead, nickel etc. Trade deficit in this sector which is significantly import for India’s construction, automobile, electricity and household sectors, has increased almost three times from $0.9b in FY10-11 to $2.6b in FY17-18. Worst hit was copper where a trade surplus of $1.2b in FY10-11 has turned into trade deficit of $1.1b in FY17-18. The increasing trend of imports of non-ferrous metals to India with support from FTAs is a ...
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Japan's Sumitomo to focus on battery material supply to Panasonic, Toyota 13.9.2018 Reuters: Money News
Japan's Sumitomo Metal Mining Co Ltd (SMM) plans to focus on two key customers for its battery materials, Toyota Motor Corp and Panasonic Corp, supplier of car power packs to Tesla Inc, SMM's new president said.
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Rio Tinto falls as profit miss highlights cost concerns 1.8.2018 Reuters: Money News
Global miner Rio Tinto said on Wednesday its first-half profit grew 12 percent, missing estimates and sending its shares lower even though it earmarked an additional $1 billion to buy back London-listed stock.
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Rio Tinto shares sink after first-half profit miss; adds $1 billion to share buyback 1.8.2018 Reuters: Money News
Global miner Rio Tinto said on Wednesday its first half profit grew 12 percent, missing estimates and sending shares lower even though it earmarked an additional $1 billion to buy back London-listed stock.
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Rio Tinto first-half profit misses estimates with 12 percent jump; adds $1 billion to share buyback 1.8.2018 Reuters: Money News
Global miner Rio Tinto said on Wednesday its first half profit grew 12 percent, missing estimates and sending shares lower, but earmarked an additional $1 billion to buy back London-listed stock.
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Vedanta first-quarter profit misses estimates 31.7.2018 Reuters: Money News
Vedanta Ltd, the Indian unit of diversified mining group Vedanta Resources Plc, missed analysts estimate for first-quarter profit, as closure of its copper smelter in South India offset higher volumes at its aluminium and oil & gas ...
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Manufacturing of Defence Products 25.7.2018 Govt of india: PIB
Ordnance Factories manufacture various products like Artillery Guns, Small Arms, Mortars, Naval Guns, Tanks and Variants, Infantry Combat Vehicles and Variants, Mine Protected Vehicles, Logistic & Special Purpose Vehicles, Ammunition, Explosives, Parachutes, Troop Comfort Equipment and Day / Night Vision Devices for Armed Forces and internal security.
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