India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Indian government run Manganese Miner (MOIL) wants to expand its mining footprint outside its recent leasehold areas. The miner is looking to undertake explorations across prospective reserves in the states of Madhya Pradesh, Gujarat, Chhattisgarh, Karnataka, Jharkhand, Andhra Pradesh, Telangana, Goa, West Bengal and Rajasthan.
At present, MOIL operates 10 mines: six in Maharashtra and four in Madhya Pradesh. The company carried out exploratory core drilling of 35,000-odd metres in the April-September period of 2022-23, which is thrice the extent achieved in the corresponding period in the previous year and this will help the company add manganese ore reserves and resources in its existing leases and also open new mines wherever potential is found, the sources said.
In Madhya Pradesh, reservation was granted in the Balaghat, Chhindwara and Jabalpur districts and exploration was completed at Chhindwara and is currently underway at Balaghat.
The go-ahead has been given for further exploration in 218 sq km in Chhattisgarh, the sources said.
Also Read : Assam government proposes ₹774.47 crore deficit budget with no new levies India will reportedly spend $3.7 bn to fence border with Myanmar
JSW Steel reported a 12% year-on-year (YoY) rise in crude steel production for February 2025, signal...
Business 10-Mar-2025
Leading Pune-based forging company Bharat Forge Ltd. reported a growth in consolidated net profit of...
Mid Corporate 12-Feb-2024
The price of crude oil began the week on a downward trend following Israel's announcement that it ha...
Raw Material 12-Feb-2024
Escalating tensions in the Middle East, particularly threats to ships in the Red Sea, have caused a...
Asia 30-Jan-2024
Coterra Energy (CTRA.N) expects a decrease in natural gas production for 2024 following a quarterly...
US 23-Feb-2024
Proposed 37% rail tariff hike may reduce GDP by 1.2%. Agriculture and mining sectors face significa...
Business 23-May-2025