BW Businessworld’s Post

Would you believe India just unearthed an 8% jump in mineral production? ⛏️🇮🇳 The nation's mineral production just witnessed a stellar 8% jump in February compared to the same month last year. Here's a deep dive into this positive development: *The index of mineral production for the mining and quarrying sector in February 2024 soared by 8% year-over-year. *Looking at the bigger picture, the cumulative growth for the period April-February 2023-24 stands at a healthy 8.2% compared to the previous year. ** Shining Examples:** Minerals like gold, copper concentrate, bauxite, chromite, phosphorite, limestone, and everyone's favorite - coal - all experienced positive growth! *The Ministry of Mines, citing provisional data from the Indian Bureau of Mines (IBM), highlighted specific production figures:Coal: 1] 966 lakh tonnes 2] Lignite: 42 lakh tonnes 3] Natural gas (utilized): 2,886 million cubic metres 4] Crude petroleum: 23 lakh tonnes ⚠️ Not all Minerals Shine Alike: The report also acknowledges a negative growth trend in iron ore and lead concentrate. Looking Ahead: This significant increase in mineral production bodes well for India's industrial development and self-reliance in critical resources. As we move forward, it will be interesting to see how India tackles the challenge of responsibly managing its mineral wealth while ensuring environmental sustainability.

𝗗͟𝗲͟𝗽͟𝗼͟𝘀͟𝗶͟𝘁͟𝘀͟ ͟𝗼͟𝗳͟ ͟𝗛͟𝗲͟𝗮͟𝘃͟𝘆͟ ͟𝗠͟𝗲͟𝘁͟𝗮͟𝗹͟𝘀͟ ͟𝗥͟𝗲͟𝗾͟𝘂͟𝗶͟𝗿͟𝗲͟𝗱͟ ͟𝗳͟𝗼͟𝗿͟ ͟𝗖͟𝗿͟𝘂͟𝗰͟𝗶͟𝗮͟𝗹͟ ͟𝗜͟𝗻͟𝗱͟𝘂͟𝘀͟𝘁͟𝗿͟𝗶͟𝗲͟𝘀͟ India has some deposits of heavy metals and 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗺𝗶𝗻𝗲𝗿𝗮𝗹𝘀 essential for crucial industries such as 𝗟𝗶-𝗜𝗼𝗻 𝗯𝗮𝘁𝘁𝗲𝗿𝗶𝗲𝘀, 𝘀𝗲𝗺𝗶𝗰𝗼𝗻𝗱𝘂𝗰𝘁𝗼𝗿 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆, 𝗮𝗻𝗱 𝗰𝗼𝗺𝗽𝘂𝘁𝗶𝗻𝗴. However, the extent to which these deposits are significant and 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹𝗹𝘆 𝘃𝗶𝗮𝗯𝗹𝗲 varies. These deposits are scattered across different regions of the country, with varying levels of accessibility and extraction feasibility. The details are as under:  𝗟͟𝗶͟𝘁͟𝗵͟𝗶͟𝘂͟𝗺͟ - India has discovered lithium reserves in the states of Karnataka and Jammu & Kashmir. 𝗖͟𝗼͟𝗯͟𝗮͟𝗹͟𝘁͟ ͟&͟ ͟𝗡͟𝗶͟𝗰͟𝗸͟𝗲͟𝗹͟ - Cobalt, & Nickel is generally found in association with copper ores. Small deposits are known to exist in Odisha and Jharkhand. India's reserves are relatively modest. 𝗥𝗮𝗿𝗲 𝗘𝗮𝗿𝘁𝗵 𝗘𝗹𝗲𝗺𝗲𝗻𝘁𝘀 (𝗥𝗘𝗘𝘀) - India has significant reserves of rare earth elements in the states of Andhra Pradesh, Karnataka, Odisha, and Kerala. The monazite sands in Kerala are particularly rich in REEs. 𝗚𝗿𝗮𝗽𝗵𝗶𝘁𝗲 - India has substantial reserves of high-quality graphite. Graphite is found in Arunachal Pradesh, Jharkhand, and Tamil Nadu. India has mining and production of some critical metals, although it still largely depends on imports to meet its demand. There are 𝟱𝟰 𝗺𝗶𝗻𝗶𝗻𝗴 𝗹𝗲𝗮𝘀𝗲𝘀 𝗼𝗳 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗺𝗶𝗻𝗲𝗿𝗮𝗹𝘀 viz. graphite, rock phosphate and tin ore, in the country 𝗶𝗻𝗰𝗹𝘂𝗱𝗶𝗻𝗴 𝟮𝟬 𝘄𝗼𝗿𝗸𝗶𝗻𝗴. Earlier, 𝗦𝘁𝗮𝘁𝗲 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁𝘀 𝗵𝗮𝗱 𝗮𝘂𝗰𝘁𝗶𝗼𝗻𝗲𝗱 𝟯𝟬 𝗯𝗹𝗼𝗰𝗸𝘀 𝗼𝗳 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗺𝗶𝗻𝗲𝗿𝗮𝗹𝘀. So far, a 𝘁𝗼𝘁𝗮𝗹 𝗼𝗳 𝟰𝟰 𝗯𝗹𝗼𝗰𝗸𝘀 𝗼𝗳 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗺𝗶𝗻𝗲𝗿𝗮𝗹𝘀 𝗵𝗮𝘃𝗲 𝗯𝗲𝗲𝗻 𝗮𝘂𝗰𝘁𝗶𝗼𝗻𝗲𝗱 𝗯𝘆 𝘁𝗵𝗲 𝗖𝗲𝗻𝘁𝗿𝗮𝗹 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝘃𝗮𝗿𝗶𝗼𝘂𝘀 𝗦𝘁𝗮𝘁𝗲 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁𝘀. Further, as per National Mineral Inventory (NMI) as on 01.04.2020, the reserve/resources of critical minerals is given in Annexure-I.   PIB:https://lnkd.in/gaRMRSZv

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.

export policies n strategies of mineral excavation must be evaluated from all angles specially revenue generation n quality standards so v could stand in the international market of minerals.

Amid a global rush for critical minerals, lithium potentially making a critical contribution to India’s economic growth and national security. Lithium is categorised as a ‘strategic’ mineral with 100 per cent import dependence, placing it at the top of the priority list. Rising imports indicate that the challenge has become acute — Li-ion battery imports increased from US$384.6 million in 2018–19 to US$2.8 billion in 2022–23. With China making up 60–70 per cent of lithium refining capacity and a significant portion of lithium reserves, this increase helps explain the China factor emerging in Indian policymaking and is reflected in the pace of new critical minerals policies.  Recent discoveries of new lithium reserves in Jharkhand, Rajasthan and Jammu and Kashmir in 2023 have attracted attention from government and private players. To leverage the deposits, the government has eased the mining process by allowing the auction of lithium mines. New Delhi is aiming to build an electric vehicle sector ecosystem, and lithium is an essential component for this. Within the industry, battery technology is considered vital for India’s economic growth, green energy transition and the accomplishment of its goal of net zero emissions by 2070. Demand for batteries is expected to rise to 260 GWh by 2030. To address this, India has extended a Rs 18,000 crore (US$2.16 billion) Production Linked Incentive (PLI) scheme to develop Advanced Chemistry Cells.  India imports almost 70–80 per cent of its lithium and 70 per cent of its lithium-ion from China. This reliance on China could put India’s growth and domestic industries at risk if tensions between the countries continue. 

West African has updated its Ore Reserves and 10-year production target following completion of our Kiaka feasibility study update. Mineral Resources remain unchanged at 12.8 Moz gold and Ore Reserves have increased 4% to 6.4 Moz gold. The 10-year production target is set to average 275,000 oz pa from 2024 to 2025, increasing to an average of 480,000 oz pa from 2026 to 2031. 2024 production and cost guidance remain unchanged at 190,000 - 210,000 oz at all-in sustaining costs of <US$1,300/oz. Read the full ASX release here: https://loom.ly/jxu9y3A

Solid Minerals in Nigeria- Kogi state in focus. Kogi state is the hotbed of Solid minerals in Nigeria. a state with mountainous scenery, but benith the beautiful landscape are variety of precious mineral deposits,most being mined illegally, but I will be zeroing in on two major minerals- (1) DOLOMITE (property calcium carbonate + magnesium; when processed will be use for paints,tyres,tiles,animal feed additive ,etc) This mineral is found in Ekinrin Adde,border Town between Omou Ekiti and Kogi. The deposit is humongous and the mine companies are largely responsible for the employment in this axis,but most mines are usually small companies with little or no capital,basically scratching the surface,the boulders are outcrops. The Dolomite stones are crystal clear with little or no stony influence,unlike in others states such as, Toto village in Nasarawa state or the mines in outskirts of Abuja FCT. (2)IRON-ORE : the iron ore deposit in kogi state is the largest in Africa. it was identified by the Administration of the then General Olusegun Obasanjo,it was suppose to be the catalyst to Nigerians industrialization. iron ore is a very key component of steel production, found in Itakpe,a town at the heart of the state,close to state capital,Lokoja. For various reasons not related to mining or the product itself,the industry was sabotaged,and what's left is carcass, the deposits are just there,but being illegally mined without full or any benefit to Nigerian people. If President Bola Ahmed Tinubu will look into this mineral, it can be a source of foreign exchange, when processed and sold.

India is a significant producer of many minerals, including Aluminum, Coal, Iron ore and Limestone: 1. Aluminum: India is the second largest producer of aluminum in the world. We has significant bauxite reserves, with major production in Odisha. 2. Coal: India is the world's second largest producer of coal and has a 10% share of the world's proven coal reserves. In 2022, India accounted for almost 9% of global coal production, primarily from Jharkhand, Odisha, Chhattisgarh and West Bengal. 3. Iron ore: India is the fourth largest producer of iron ore in the world. The production increases in 2023-24 reflect strong demand from the steel industry. Major production comes from states like Odisha, Chhattisgarh and Karnataka. 4. Limestone: Production increases in 2023-24 reflect strong demand from the cement industry, with significant reserves in Madhya Pradesh, Rajasthan, Andhra Pradesh and Gujarat. India also produces other minerals including Bauxite, Chromite, Dolomite, Gypsum, Manganese ore, Mica, Copper, Zinc, Lead, Gold and Petroleum,.. #India #Minerals #Resources

China's industrial profits declined at a slower pace of 7.8% year on year in the first 10 months, showing growth for three consecutive months to October, according to data from the National Bureau of Statistics. The January-October 2023 period saw an 8.5% decline in profits from manufacturing and a 19.7% fall in mining profits, easing from the nine-month contractions. Despite challenges, the industrial profit for utilities grew 40% in the 10-month period. The top three sectors with the most significant profit gains were electricity and heat production/supply (50.1%), ferrous metal smelting & processing (37%), and electric machinery and equipment manufacturing (20.8%). #ICIS #ChinaIndustrialProfits #EconomicData

Zinc ore is a mineral resource that contains zinc, typically in the form of sphalerite (zinc sulfide). Zinc concentrate is the result of processing zinc ore to separate the zinc from other minerals and produce a concentrated product. Zinc ore is typically extracted from underground mines using various mining methods, such as room and pillar or sublevel caving. The extracted ore is then processed through various stages, including: 1. Crushing and grinding: to liberate the zinc minerals from the ore. 2. Flotation: to separate the zinc minerals from other minerals. 3. Roasting: to convert the zinc sulfide to zinc oxide. 4. Leaching: to dissolve the zinc oxide in a solution. 5. Electrowinning: to recover the zinc from the solution. The resulting zinc concentrate typically contains 50-60% zinc, with impurities such as lead, cadmium, and iron. The concentrate is then sold to smelters for further refining and production of pure zinc metal. Zinc ore and concentrate are used in various industries, including: 1. Metallurgy: for the production of zinc metal, alloys, and castings. 2. Chemicals: for the production of zinc oxide, zinc sulfate, and other zinc-based chemicals. 3. Agriculture: as a micronutrient in fertilizers and animal feed. 4. Batteries: as an anode material in zinc-carbon and alkaline batteries. The market demand for zinc ore and concentrate is driven by the growth in these industries, particularly in the metallurgy and chemical sectors. The price of zinc ore and concentrate can fluctuate depending on market conditions, supply and demand, and other factors.