The coal industry led core industry growth with a 10.2% surge in May 2024. The coal industry’s index rose to 184.7 points in May 2024

Adani and Hindalco Express Interest in Jharkhand Mines: Both companies are among seven bidders participating in a pre-bid conference to select a mine developer and operator (MDO) for Hindustan Copper’s mines in Jharkhand

Coal India awards 23 closed and discontinued mines to private sector players. The cumulative peak-rated capacity of these mines is 34.14 million metric ton.

Ref: deccanchronicle, timesofindia, gmkdotcentre, iris-france, asianikkei, business-standard, thehindu, livemint.com picture ref: https://asia.nikkei.com/ Read the last post: https://minestronix.com/weekly-mining-news-09-06-2024/

NMDC Reports 36% YoY Drop in Iron Ore Production for May’24: NMDC witnessed a decline in iron ore production, down to 2.34 million tonnes (MT) in May 2024 from 3.71 MT in May 2023.

1. India seeks Mongolia’s minerals, sidestepping Chinese routes for securing coking coal and critical minerals. India also eyes multiple mineral pacts with about a dozen countries in Africa.

Bicholim Sub-Registrar Suspended: Sonia Halarnkar was suspended for delaying the registration of a mining MoU. The Congress party criticizes the government, claiming it prioritizes mining over Goa’s interests.

JSW Steel Acquires Majority Stake in Mozambique Mining Firm: JSW Steel is set to acquire a 92.2% stake in a Mozambique-based mining company for $73.8 million. This acquisition grants JSW Steel access to over 800 metric tonnes of premium hard coking coal reserves.