India has launched the second part of its critical minerals auction worth an estimated 30 trillion rupees (about US$362 billion), reported Reuters. Eighteen critical mineral blocks will be auctioned in eight states across the country. The government said 17 of the blocks have been put up for a composite licence, which includes a licence to examine a block and mine…
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India sees success in coal auction
Since launching in June 2020, India’s Commercial Coal Mine Auction has successfully sold 91 coal and lignite mines. Six of these mines have already started producing coal and three more are expected to begin production in a couple of months. The Ministry of Coal has so far completed seven rounds of the transparent online auction. It said the ongoing eighth…
Read MoreIndia Coal Ministry issues vesting orders for six mines
The Coal Ministry of India has issued vesting orders for six coal mines and agreements for two mines, bringing the agency’s total so far to 80 under its commercial auction scheme. The ministry said the orders were issued on 14 December; out of the six coal mines whose vesting orders were issued, two coal mines are fully explored mines and…
Read MoreScania India partners with PPS Motors
Scania Commercial Vehicles in India has inked an exclusive partnership with PPS Motors, giving the latter the role of its sole representative for the OEM’s mining tippers in India. Scania officials said the pairing will ensure it has Pan India coverage for its sales and service operations. “The company provides tailor-made solutions by detecting, analyzing, and continuously optimizing critical points…
Read MoreJammu and Kashmir lithium reserves to be auctioned off
An Indian government source said the country’s federally administered region of Jammu and Kashmir will auction its estimated 5.9 million tonnes of lithium reserves over the next few weeks, reported Reuters. Read full story here.
Read MoreAustin Engineering wins Indian tray order
Austin Engineering has received purchase orders for four haul truck trays from an undisclosed iron ore producer in India, potentially opening up a substantial new market opportunity for its Asia-Pacific business. Full story.
Read MoreAllison Transmission, SANY expand partnership
Indiana, U.S.-based Allison Transmission has confirmed a new letter of intent (LOI) with equipment maker SANY to supply the Allison 4000 Series transmission for SANY’s SKT105 96-ton wide body mining dump (WBMD) truck for the India market. Full story.
Read MoreIndia considering sell-off of stakes in miners: report
India, which holds stakes in leading coal miner Mammoth Coal and Asia’s largest zinc producer Hindustan, is reportedly planning to sell off part of those holdings and one other to boost revenue amid stock market positivity. Read full article.
Read MoreCoal India joins WCA ranks
Top coal producer Coal India has been enrolled as the newest member of the World Coal Association (WCA), underscoring its commitment to responsible operations. Read full article.
Read MoreMagna Tyres opens India office
In response to an increasing demand for OTR tyres in Middle East Africa, Magna Tyres has opened its newest office in Kolkata City. Read full article.
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