Prahlad Shripathi

The fourth tranche of the auction of 21 blocks of critical Minerals was made on 24.06.2024. These blocks contain Graphite, Rare Earth Elements, Nickel, Glauconite, Phosphorite, Potash, and Phosphate. The move is a significant milestone for the Critical Minerals Industry in India, making an important step towards securing the raw materials necessary for various high-tech industries.

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Critical Mineral Summit will enhance beneficiation & processing capabilities in India.

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Weekly Mining News: 16.06.2024 1.    Mining industry pitches reforms to create 1 crore jobs by 2047 2.    The Indian government will auction 62 coal blocks next week. Since the inception of commercial coal block auctions in 2020, the ministry has auctioned 107 coal blocks across nine rounds, with a peak rated capacity of 256 million tonnes. 3.    India aims to boost iron ore processing to support its steel industry's shift to environmentally friendly production. Steel output is projected to reach 200-210 million tonnes by the 2029/2030 fiscal year, a 40-47% increase from the 2023/2024 fiscal year. 4.    Nalco has signed a mining lease agreement with the Odisha government for a 697.979-hectare area in the Bauxite Mines of Pottangi Tehsil, Koraput District. 5.    The ED has attached assets worth ₹4,440 crore in an illegal mining case in Uttar Pradesh. This money-laundering case is based on a CBI FIR investigating the alleged illegal renewal of sand mining leases in Saharanpur. 6.    Komatsu plans to establish a $36 million service center in India to refurbish coal mining equipment, extending the machines' operational life. 7.    A significant rare earth deposit of 8.8 million tonnes has been discovered in southeast Norway, a positive development for European mineral sovereignty. 8.    India is seeking to secure rare mineral mining technology and partnerships from Russia. The Ministry of Mines has started bilateral meetings with Russia. 9.    Union Minister HD Kumaraswamy has approved iron mining operations in Ballari, greenlighting the Devadari iron mine in Sandur shortly after assuming office. 10. Tamil Nadu has simplified its sand mining regulations. Chief Minister M.K. Stalin announced new rules to help farmers and potters extract sand, alluvial soil, and clay from local water bodies. Ref: deccanchronicle, timesofindia, gmkdotcentre, iris-france, asianikkei, business-standard, thehindu, livemint picture ref: asiadotnikkeidotcom. https://lnkd.in/gJvnvT5v

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GroundHog: AI-Powered Mining Cloud for Operations, Maintenance, and Safety. With GroundHog, everything is connected, meaning data flows smoothly between different departments throughout the mine, leading to increased production and SAFETY. Start a pilot today. Satish Penmetsa, Krishna Kunam, Amitava Dutta, Lisa Daniels, Chanakya Rachakonda, Nishant Singh, Derek Polano #GroundHog #AIMiningCloud #MiningTechnology #UnifiedPlatform #MiningOperations

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Great putting this insight together with our very talented Leonardo Meza Standen. What we wanted to do here is demonstrate exactly how our tools here at CRU can be used to optimize commercial negotiations. That’s the power of data and intelligence: make visible both sides transaction and levers available to get the right outcome. A must read for all sales and commercially minded professionals. We also explore a few, potentially, provocative ideas…

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The first quarter of 2024 has been a dynamic period for M&A activity in the Indian mining sector, with notable shifts and trends. Deal volume increased by 133% compared to the previous quarter and by 75% compared to Q1 2023, indicating heightened interest and activity in the sector. The year-over-year decline in total deal value suggests a potential shift towards smaller, more strategic deals rather than large-scale acquisitions. This indicates underlying robust activity and strategic investments as companies optimize their portfolios through selective acquisitions. #Mining #MergersAndAcquisitions #MiningIndustry #IndiaMining #BusinessStrategy #MarketTrends #Sustainability #DigitalTransformation #RegulatoryCompliance #StrategicInvestments #CorporateStrategy #IndustryInsights #MiningDeals #MarketAnalysis #India #InvestmentOpportunities #SteelIndustry #OperationalEfficiency #BusinessGrowth #TechInMining #SustainableMining #SectorGrowth #MiningInnovation #MiningTrends #IndustryGrowth #IndianEconomy

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More Indian Coal Mines under auction: Coal India awards 23 closed and discontinued mines to private sector players : Updated - June 19, 2024 at 03:36 PM. In a bid to tap the latent coal reserves of some of its closed and discontinued underground mines, state-run Coal India has awarded 23 such mines on a revenue sharing model to successful bidders of the private sector. The cumulative peak rated capacity of these mines is of 34.14 million tonnes per year (MT/Y), while the total extractable reserves are estimated at 635 MT, CIL said in a stock exchange filing on Wednesday. Earlier, Coal India had identified a total of 34 discontinued mines where good quality coal reserves are lying dormant but may not be financially viable for CIL to mine them. Thus the coal major has decided to tender and offer these mines to willing private sector players who are prepared to operate and produce the dry fuel and share part of the revenue with CIL. “Successful bidder is the one who offers the maximum revenue to the authority, which is the coal company. The minimum revenue to be shared is 4 per cent . The contract period is for a maximum of 25 years,” the company said. The advantages are conservation of resource, effective substitution of imported coal for non-regulated sector with good quality coal locked up in these mines and provision of livelihood to the local communities where these mines are revived. CIL said from the environmental point of view there would be no land degradation as the mining infrastructure is already in place. “CIL is also identifying a few more mines for the purpose to attract wider participation with bid norms relaxed. On the total quantity of coal sold exclusively for coal gasification or coal liquefaction purpose in a year, a 50 per cent on contracted percentage of revenue share of the authority will be provided to the operator. The successful bidder or the mine operator to whom the mine shall be handed over on “as is where is” basis, can also utilize the existing infrastructure and project facilities without any additional payment to the authority.,” according to the filing. In case of a consortium, foreign bidders are allowed to participate as second or third members of the consortium, as per Government e Marketplace (GeM) portal. The mine operator shall act as the agency responsible for selling coal mined from these mines at market driven price through an auction process on behalf of the authority. They shall have the freedom to adopt their preferential method of technology and deployment of mining machinery to extract coal from the mines. By : Dr Om Prakash Gupta Global Advisor - Mining and Metals New Delhi India E Mail : opg2729@gmail.com

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WEEKLY MINING NEWS: 23-06-2024 1.    Coal India awards 23 closed and discontinued mines to private sector players. 2.    Centre’s latest round of coal block auction throws spotlight on Telangana’s Singareni. 3.    Govt eases trader registration rules to boost mining. 4.    India has sought rights to explore an underwater cobalt-rich mountain. But China and Sri Lanka also has eyes on the region. 5.    State clears Centre’s proposal on reviving gold mining at KGF. 6.    Coal Minister asks for faster operationalisation of auctioned coal mines. 7.    Fourth tranche of critical mineral auctions on Monday. 8.    India and U.S. work out strategies to scale up collaboration on critical minerals under iCET. 9.    Iron, Magnesium, Aluminium on mars: scientist discover key minerals in Mawrth Vallis region of red planet 10. NMDC targets 100 million tons iron ore production by 2030, says Director (Technical) Reference: deviscourse, thehindu, businesstoday, zeebiz, timesofindia, aljazeeera. #news #weeklynews #waartsy #mining #miningweekly #criticalmineral #auction #NMDC #coalministry #cobalt #mars

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The process after mining

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A great feature when you have your entire workforce digitised. Understanding your workforce’s live sentiment is quite a powerful tool. The flexibility of our Simbio Core Suite and Magman Mining Software #datamanagement #undergroundmining #australianmets #simbio #technology #mining #australianmining #operationaldata #integration Watch out in the coming weeks for some of our new product updates from Digital Terrain and Magman Mining Software

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Hey LinkedIn fam! 🔍 Dive into the latest developments shaping the global coal market landscape. From price fluctuations to regional trends and industry insights, this comprehensive article offers valuable insights for stakeholders navigating the dynamic energy sector. Check it out here: https://lnkd.in/dpDMR7WM #CoalMarket #EnergySector #IndustryInsights

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At Aethel Mining, our commitment to innovation, sustainability, and community sets us apart in the mining industry. As we navigate the complexities of the global market, insights from recent reports, such as Boston Consulting Group (BCG) analysis of the natural diamond industry, provide valuable perspectives on managing supply and demand dynamics, technological advancements, and the importance of sustainability. Supply and Demand Dynamics: The natural diamond industry has experienced significant fluctuations in supply and demand due to various factors including the COVID-19 pandemic and geopolitical shifts. Similar challenges are present in the iron ore sector, where managing stock levels and anticipating market needs are critical. At Aethel Mining, we leverage advanced data analytics and supply chain management technologies to optimize our operations and maintain market stability. Technological Advancements: Innovation is at the heart of our strategy. Just as the diamond industry is adapting to lab-grown diamonds and new market demands, we continuously invest in cutting-edge technologies to enhance our mining processes. Our use of the Dorae physical trade cloud system for managing production schedules, inventory, and logistics exemplifies our commitment to technological excellence and efficiency. Sustainability Initiatives: Sustainability is a core value at Aethel Mining. The BCG report highlights the growing importance of environmental responsibility across industries. In response, we have integrated sustainability into every aspect of our operations, from reducing our carbon footprint to implementing efficient waste management practices. Our MuaDense aggregates, with a density of 3.8 g/cm³, are a testament to our dedication to creating materials that not only perform exceptionally but also support sustainable construction practices. Community Engagement: We believe that strong community relations are essential for long-term success. By actively engaging with local communities, governments, and other stakeholders, we ensure that our projects benefit not just our company but also the regions in which we operate. This collaborative approach fosters mutual growth and resilience. As we look to the future, Aethel Mining remains committed to pioneering advancements in the iron ore industry. By aligning our strategies with the latest market insights and maintaining our focus on innovation and sustainability, we are well-positioned to lead the way in responsible and efficient resource management. https://lnkd.in/eJGuBUZ2

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Looking forward to speaking next month at the Toronto Region Board of Trade on sustainable mining strategies and how both Ontario, and the Greater Toronto Area’s economic ecosystem can responsibly capitalize on the projected six-fold increase in demand for critical minerals by 2040.   Net Zero ultimately depends on mining. Copper, nickel, graphite, cobalt, lithium and many other metals and minerals are essential for the energy transition. They’re needed to make components of everything from solar panels, to wind turbines, to nuclear power generation, to power transmission lines, as well as the construction of sustainable infrastructure - including the batteries needed in EVs.   #atkinsrealis #ESG #EngineeringABetterFuture #battery #EV #criticalminerals #mining https://lnkd.in/gQ7d4WUx

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Hatch has released the inaugural episode of their Green Steel Podcast! In this episode, we delve into the concept of green steel, explore innovative technologies, analyze market trends, and discuss upcoming challenges. Check it out below!

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There is no alternative to Energy Security. The caveat in the communique grants room for Germany and Japan whose coal-fired plants produce more than one-fourth of their total electricity....Germany has written.... a final target to shut coal plants by 2038 at the latest, while Japan has not set a date. Clean/ Green talks will never WIN against Energy Security. There is no single SILVER BULLET to abate GHG emissions. Every country should holistically evaluate the OPTIONS while balancing Decarbonisation with Energy Security. Like countries endowed with #Fossils shall look to integrate #CarbonCapture along with gradually increasing Renewables capacity. #CleanEnergyFuture #EnergyTransition

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This will be interesting to watch: Government incentives for lithium processing are definitely a positive move, boosting investment, technology, and clean energy goals. #GovernmentIncentives #LithiumProcessing #Investment #Technology #CleanEnergy #Sustainability #EconomicGrowth #Innovation #CriticalMinerals #EnergyTransition #Policy #FutureDevelopment https://lnkd.in/gcnYHweY

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And the complexities and specialist skills required for each stage are numerous.

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Hitting the brakes ? Generous investment incentives have catapulted the US to global leadership in #decarbonization. Thanks to the support for low-carbon energy in the Infrastructure Investment and Jobs Act (#IIJA) of 2021 and the Inflation Reduction Act (#IRA) of 2022, our base case forecast for the US projects that by 2050 #wind and #solar power capacity will expand six-fold and low-carbon #hydrogen will account for 5% of the energy mix. It also shows that fossil fuel demand will peak by 2030. But... But it might not work out that way. A victory for former President Donald Trump in the election in November would mean new policy priorities and an immediate deceleration in support for decarbonisation. Incentives for electric vehicle (#EV) sales would likely be cut, while the growth of green hydrogen and carbon capture, utilisation and storage (#CCUS) could falter. At the same time, unabated fossil generation would expand. The economic nationalism that has defined both Trump and Biden administrations would continue. Companies could be less likely to invest in emerging technologies. These steps would push the US even further away from a net zero emissions pathway.

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