Gold
Coal India and NMDC eye lithium mines
Coal India and NMDC, two of India's foremost mining companies, are actively exploring opportunities to delve into the lithium mining sector overseas. With the increasing global demand for lithium, driven primarily by the surge in electric vehicles and renewable energy storage solutions, the move signifies a strategic shift in the companies' focus towards emerging minerals crucial for the future of clean energy. As traditional mining commodities face fluctuating demand and environmental scrutiny, diversifying into lithium presents a forward-looking approach for sustainable growth.
Lithi..
NMDC explores lithium assets in Africa and Australia
NMDC Limited, previously known as the National Mineral Development Corporation, is an Indian company that mines iron ore. According to a source, the company is exploring lithium assets in both Africa and Australia, with the aim of expanding its portfolio beyond iron ore.
NMDC Limited is interested in exploring potential opportunities in the lithium market in these regions.
NMDC is in the process of seeking lithium blocks from the Indian government on a nomination basis. This strategic move indicates the company's intent to diversify its resource base and tap into the growing d..
NMDC's April-Feb iron ore output up 13%, sales surge 21%
The state-owned miner NMDC had recorded a nearly 13 per cent increase in iron ore production, reaching 40.24 million tonnes during the April-February period of the 2023-24 fiscal year. According to an exchange filing by the steel PSU, the cumulative production for the same period last year was 35.62 MT.
Nevertheless, the company revealed a 12 per cent decline in production for February, amounting to 3.92 MT compared to 4.48 MT in the corresponding month of the previous year.
The cumulative sales for April-February in this fiscal year totalled 40.48 MT, reflecting a 21 per cen..
IL&FS Requests New MMRDA Nod for Mumbai HQ Transfer
IL&FS has sought renewed approval from the Mumbai Metropolitan Region Development Authority (MMRDA) to transfer its headquarters within Mumbai. This move indicates IL&FS's commitment to navigating regulatory requirements amid ongoing restructuring efforts.
IL&FS's request for new approval underscores its determination to ensure compliance with all necessary regulations and expedite the headquarters transfer process. It reflects the company's efforts to streamline its operations and address administrative challenges as part of its restructuring endeavours.
The need for fresh appro..
Malaysian Carbon Credit Auction Begins July
In a significant move towards environmental sustainability, Malaysia's carbon exchange will host its first local carbon credit auction in July. This event marks a pivotal step in the nation's commitment to reducing carbon emissions and fostering a green economy.
The Malaysian carbon exchange aims to provide a structured marketplace for carbon credits, where companies can buy and sell these credits to offset their carbon footprints. This initiative aligns with global efforts to mitigate climate change by encouraging businesses to adopt more sustainable practices.
The auction w..
