MINES MINISTRY
Centre bans export of Li-ion battery waste, scrap to boost domestic recycling and critical mineral recovery
India has imposed an immediate ban on the export of lithium-ion battery black mass to strengthen its local recycling ecosystem. This decision aims to enhance domestic recovery of critical minerals, such as lithium and cobalt, which are vital for technology and energy sectors. The prohibition will ensure that battery waste generated in India is processed locally and improves utilization of recycling capacities.
The Jensen and Alice story: What happened in the 2024-26 secret affair of the NVIDIA CEO and a 'Chinese spy'
Nvidia's CEO Jensen Huang and Alice Huang have been linked amid growing espionage allegations. Alice has reportedly been sharing information with China while working with Nvidia on data centers. This situation has led to investigations involving the US government's scrutiny of her connections. Additionally, Megaspeed International faces allegations of assisting Chinese clients in accessing restricted Nvidia hardware.
Iran claims it has lifted self-imposed restriction on ballistic missile ranges
Iran's Revolutionary Guard has opted to remove the 2,000-kilometer missile range restriction amid rising tensions. A US naval blockade is affecting global trade routes, while recent airstrikes close to Yemen have resulted in the deaths of over 27 people, underscoring the ongoing strife. In response, the US Central Command has established a task force aimed at crippling Iran's transportation networks, leading to heightened anxieties about potential confrontations.
Centre launches ninth auction tranche for 20 critical mineral blocks, third round of exploration licences
The mines ministry has launched the ninth tranche of auctions for 20 critical and strategic mineral blocks, alongside the third tranche for exploration licence blocks. Of the 100 unique blocks offered in the first eight rounds, 64 have been auctioned. The move aims to strengthen mineral security and attract private exploration investment.
Coal gasification projects may save India Rs 1.5 lakh crore in forex over 5-7 years: Coal Ministry Secretary
Coal gasification projects are expected to provide significant foreign exchange savings for India by substituting imports. The Coal Ministry has initiated financial incentives targeted towards promoting coal gasification. Responsible mining practices are emphasized to encourage sustainable development and investment in the coal sector.
Centre, states to discuss mining and coal sector reforms at conference in Goa: Minister
The National Conference on Mining is set to take place in South Goa over two days. The event will involve the Centre and states discussing reforms and challenges in the mining sector. Key agenda items include launching new critical mineral auction tranches and enhancing transparency. Extensive discussions are planned with states to unlock the sector's potential and advance reforms.
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Iran's leaders say midterm results show US voters have rejected Trump's war
Iranians expressed defiance following the US midterm elections, celebrating the Democrats' victory over Donald Trump. Supreme leader Ayatollah Mojtaba Khamenei indicated no expectation of changes in US policy toward Iran. Politicians and officials warned of severe consequences if the US disregards the election results. Demonstrators in Tehran commemorated the 1979 US Embassy takeover, showcasing ongoing hostility. Recent military actions have intensified, raising concerns about potential renewed conflict in the region.
Iran lifts Hormuz transit curbs for ships from India, China, Iraq and Qatar, could ease pressure on India’s oil and gas supply
Iran has announced the lifting of transit restrictions for vessels from India, China, Iraq, and Qatar. This decision aims to enhance regional cooperation and facilitate trade, particularly in medicines from India. Iranian officials have noted that American forces do not intercept these ships, showing Tehran's strategic interests.
Sarbananda Sonowal outlines plan to double coastal & waterway freight share to 12% by 2047
The Indian government is implementing initiatives to double the share of coastal and inland waterway shipping by 2047. The Coastal Cargo Promotion Scheme and the Cruise Bharat Mission are set to attract 1 million cruise passengers and create significant employment opportunities. Paradip Port Authority will develop the Puri International Cruise Terminal in collaboration with the Government of Odisha.
SC notices to Centre, Assam on Oil India plea on rejection of drilling proposal at national park
The Supreme Court has requested responses from the Ministry of Petroleum and Natural Gas regarding Oil India's proposal. This proposal involves hydrocarbon extraction through Extended Reach Drilling beneath Dibru-Saikhowa National Park. Oil India claims that the drilling will not harm the park's ecosystem while addressing energy needs.
2 tankers explode after allegedly hitting naval mines in Strait of Hormuz, Iran claims
Iran's Islamic Revolutionary Guard Corps reported that two oil tankers exploded in the Strait of Hormuz after striking naval mines. Both vessels allegedly ignored warnings about using restricted routes and had switched off their navigation systems. The UK Maritime Trade Operations issued a warning about an incident in the same area involving a merchant vessel.
North Korea fires missile barrage toward the sea as tensions with South rise
In a show of defiance, North Korea has test-fired nearly 10 short-range ballistic missiles into the sea off its eastern shores amid rising frictions with South Korea. This move follows North Korea's threats to revive propaganda efforts and introduce new military assets to the region. Kim Jong Un recently strengthened ties with China, highlighting their support amid escalating tensions linked to past border disputes.
India's industrial growth slows to 6.7% in September from 8% in August
India's Index of Industrial Production for September recorded a growth rate of 6.7%. This figure represents a decline from August's 8%. Key contributors to this growth include the manufacture of motor vehicles and electrical equipment, among others. The manufacture of rubber and plastics also played a significant role in September's performance. These statistics were released by the Ministry of Statistics and Programme Implementation.
Trump looks to rein in fuel prices ahead of midterms; waives threat of 100% tariffs on India over Russian oil
US President Donald Trump has waived fresh sanctions and duties on Russian energy exports under a new law, citing national interest and easing concerns over potential tariffs of up to 100% on major buyers, including India. The move comes as India continues to rely on Russian crude and explores long-term LNG supplies, while New Delhi and Moscow seek to expand cooperation across oil, gas, mining and steel.
Amid supply chain issues, India's strategic mining in critical state
India's mining sector remains underdeveloped due to high import dependence and severe execution bottlenecks. Challenges include land acquisition difficulties, uncoordinated state-level regulations, and environmental concerns related to mining activities. The Centre has urged states to improve the operationalisation of mines, with only a fraction currently active. Various stages of clearances have delayed the progress of numerous mining projects in different regions.
MoSPI report shows Rs 3.22 lakh crore cost overrun in India’s ongoing infrastructure projects
Infrastructure projects worth over Rs 150 crore have seen a cumulative cost overrun of approximately Rs 3,21,976 crore. About 1,853 infrastructure projects across 17 ministries were monitored, showing total costs revised to Rs 37,55,803 crore. The Ministry of Road Transport & Highways leads with the most ongoing projects and costs. Approximately 47.21 percent of the total project cost has been spent so far, indicating steady progress.
Diversification plan: NMDC scouts for mining assets across four continents
NMDC is actively seeking mining assets worldwide, including critical minerals to support various industries. The company aims to earn 20 percent of revenues from minerals other than iron ore. This expansion aligns with government initiatives to secure raw material supplies and decrease import dependency. NMDC's strategy is expected to enhance its role in India's manufacturing sectors. Industries such as automotive, renewable energy, and electronics will benefit from these efforts.
Tata Chemicals says Kenya High Court has no jurisdiction over TCML dispute
Tata Chemicals said the High Court of Kenya has ruled that it lacks jurisdiction over a dispute involving its subsidiary, Tata Chemicals Magadi Ltd (TCML), and cannot take further steps in the matter. TCML is examining the October 23 order and will decide on its next legal steps.
Aramco asks staff to evacuate Dhahran HQ; US pulls out some Saudi diplomats
Clashes between the Houthis and a Saudi-led coalition that backs Yemen's internationally recognised government have raged since the group pushed towards Bab el-Mandeb, a shipping chokepoint at the Red Sea's mouth.
Government names Sunil Kumar ONGC chairman; to succeed Arun Singh in December
Sunil Kumar has been appointed as chairman of ONGC, succeeding Arun Singh, effective December 7. Kumar’s appointment follows recommendations from a selection committee that interviewed various candidates. He enters the role at a time of turmoil in the global energy market and heightened oil and gas prices. Singh’s tenure saw improved profits and strategic partnerships that bolstered ONGC's output and operations.
Speedy project approvals, assured buyers key to India's 100 MT coal gasification target by 2030
India has set a target to gasify 100 million tonnes of coal by 2030 with significant investments. The coal ministry estimates the investment required will be between Rs 2.5 and 3 lakh crore. A streamlined single-window approval process is essential to facilitate this ambitious project. Coal gasification is expected to reduce India's import dependence on methanol and natural gas.
Coal supply to power plants to normalise soon, Indian official says
Coal supply to Indian power plants is being increased, with a record 2.6 million tons delivered daily. The number of plants with critically low coal stocks has risen recently, impacting power generation. As hydropower usage declines due to El Nino effects, coal-fired plants face increased pressure. Gujarat has received additional power allocation to manage rising electricity demand effectively. Authorities have requested factories to limit electricity use to prevent potential shortages.
PC Jeweller shares soar 9% after Q2 net profit rises 58% YoY; plans 100 new stores in 18 months
PC Jeweller reported a 58% year-on-year rise in Q2 FY27 net profit to Rs 330.66 crore, while revenue grew 28% to Rs 1,054.47 crore. The company achieved debt-free status, improving profitability prospects. It plans 100 new showrooms, a youth-focused jewellery brand, and expects gold mining operations to begin this financial year.
Government to review 2019 mineral policy amid new sector priorities
The Centre is initiating a review of the National Mineral Policy, 2019, to address current sector demands. A nine-member committee will review the policy to reflect recent developments, especially in critical minerals. The committee is expected to submit recommendations within two months after its formation. Experts emphasize the need for a revised policy to enhance India's mineral potential and investment.
Who is Kim Jong Un’s sister Kim Yo Jong? The most powerful woman in North Korea who is said to have taken over from her brother
Kim Yo Jong, sister of North Korean leader Kim Jong Un, reportedly the most powerful woman in North Korea was claimed to have taken over from her brother following his alleged death. North Korean state media has since released photos of Kim attending a public event.
Seoul vows 'resolute punishment' after North Korea threatens new border measures
South Korea vowed a strong response if North Korea were to strengthen its military posture along the border. The South Korean Defence Ministry expressed concerns over the deployment of tactical strike weapons across the border. The ministry said the country's cross-border broadcasts and warning shots were a legitimate response to North Korean provocations. Analysts said the standoff increased the risk of a military clash.
14 dead, 7 injured in Colombia illegal gold mine collapse
Fourteen individuals lost their lives, and seven others were injured due to the collapse of an illegal gold mine. This tragic event occurred in the Santa Barbara de Iscuande municipality in Narino province. Local authorities had previously reported a similar mining accident, resulting in 13 deaths in August. The Governor of Narino urged the national government for safer mining regulations and formalization of illegal mining.
China announces export curbs on key machinery used in India's infrastructure development
Beijing has announced new export controls on essential machinery, which will impact India's infrastructure development. These restrictions will take effect on November 18 and apply to tunnel boring machines and related items. Additionally, the export controls include walking excavators and specific dredger-related items, complicating several Indian projects.
From rocks to riches: India’s unfinished critical minerals story
India's manufacturing industry is significantly affected by its heavy reliance on imported critical minerals like lithium and cobalt. The recent supply disruptions from China have highlighted weaknesses in India's domestic capacity for refining these minerals. Efforts to enhance mineral processing and create integrated production facilities are underway to reduce import dependence.
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