Bosch SDS, Dassault Systèmes collaborate to advance AI-led manufacturing in India
Bosch Software and Digital Solutions (Bosch SDS) and Dassault Systèmes today announced a collaboration in India to help manufacturing enterprises accelerate digital transformation across product engineering, manufacturing operations and industrial value chains. The collaboration brings together...
Adani-IHC expand Odisha investment plans to $25bn across 14 projects
Abu Dhabi-based International Holding Company (IHC) and India’s Adani Group have expanded their investment plans in Odisha, outlining INR 2.105 trillion (USD 25 billion) of potential investment across 14 projects spanning metals, critical minerals, energy, chemicals and infrastructure. The...
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Nalco may soon get composite licence over Pottangi mines
The decks are slowly clearing for navratna firm National Aluminium Company (Nalco) to obtain a composite licence (prospecting licence cum mining lease) over Pottangi bauxite deposits. "Nalco's case for a composite licence over Pottangi mines is now under scrutiny at the highest level. The state...
Alcoa ups aluminium output estimate, bearish for prices
Alcoa Inc.’s revised outlook for aluminium in 2015 comes close on the heels of a sharp fall in metal prices. Aluminium on the London Metal Exchange (LME) has fallen 15.3% since a year ago and by 6% since 1 June. Alcoa’s results for the June quarter reflect the impact of falling prices, although the...
Recycling key to sustain Non-Ferrous sector
Non-ferrous metals and minerals sector is facing a grim situation due to falling of stocks in China and economy meltdown in Greece. Amidst this scenario, the domestic market in India has turned fiercely competitive, Chairman and Managing Director, NALCO, NR Mohanty said. Addressing the 19th...
Alumeco India Extrusion Ltd gets approval for name change as Golkonda Aluminium Extrusions Ltd
Alumeco India Extrusion Ltd have got the approval of Registrar of Companies regarding the name change of the Company from ALUMECO INDIA EXTRUSION LIMITED to GOLKONDA ALUMINIUM EXTRUSIONS LIMITED. Shares of ALUMECO INDIA EXTRUSION LTD. was last trading in BSE at INR 6.8 as compared to the previous...
Odisha Mining Corporation to apply for bauxite reserve
The state government has asked the state PSU Odisha Mining Corporation (OMC) to apply for prospecting licence of Sasubohumali bauxite reserve. The mine in Rayagada district has an estimated reserve of 81 million tonne bauxite. "Since the new Mines and Minerals Development and Regulation Act, 2015,...
Hindalco said to seek refinancing of $2.4 billion debt
Hindalco Industries Ltd., the Indian aluminum producer backed by billionaire Kumar Mangalam Birla, is seeking to refinance about Rs15,000 crore ($2.4 billion) of debt, people familiar with the matter said. The Mumbai-based company is discussing with banks about extending the maturity of the...
Hindalco exports huge quantity of ingots and sow ingots as break bulk cargo to the United States.
Aluminium ingots and sow ingots are being sent in a huge quantity as break bulk cargo to the United States. The ingots so far were being sent to various destinations through containers by all the aluminium manufacturers. Hindalco Industries Ltd, the metal’s flagship company of Aditya Birla Group,...
Aluminium futures slide on weak demand
Aluminium prices eased by 0.32 per cent to INR 108.90 per kg in futures trade today as speculators reduced positions amid weak demand at the spot market. At the Multi Commodity Exchange, aluminium for delivery in July traded lower by 35 paise, or 0.32 per cent, to INR 108.90 per kg in a business...
BALCO’s 118 employees awarded
The Bharat Aluminium Company Limited (BALCO) honoured as many as 118 employees with the “Excellent Production Award” for the fourth quarter of the financial year 2014-15. The employees of Human Resources Management (HRM)-3, Customer Relations Management (CRM)-2 and FLA-5 were honoured in the...
Centre hikes bauxite output limit of only non-captive mine in Odisha
The Union Ministry of Environment, Forest and Climate Change has granted environmental clearances to KJST bauxite and iron ore mines situated in Koira mining circle of Sundergarh district to enhance mineral output. "I have got approval for extracting iron ore upto 2 million tonne, up from existing...
BIR requests transition-period extension to India’s preshipment inspection certifications
The Bureau of International Recycling (BIR), Brussels, has requested a four-month extension to the transition period regarding preshipment inspection certification (PSIC) as required by India’s Ministry of Commerce and Industry. In collaboration with the Metals Recycling Association of India (MRIA)...
Aziana Limited to bag US$2M from sale of bauxite project
Aziana Limited is close to bagging US$2 million (A$2.6 million) from the sale of its wholly-owned bauxite project in Madagascar. Aziana has granted the prospective buyer a one month extension. A team led by the prospective buyer is presently onsite and working towards the completion of the due...
8 more coal blocks lined up for auctions: Coal Secretary
The Centre is ready to put up eight more coal blocks for auction after it concludes the third bidding round in August, said Coal Secretary Anil Swarup. Addressing a conference on Metals and Minerals organised by the Indian Chambers of Commerce here on Wednesday, Swarup said, “We have identified...
Aluminium industry should get coal blocks to increase production: NALCO
Allocating coal blocks for the aluminium industry is the key to increase the indigenous production of the metal, said the National Aluminium Company (NALCO), a public sector unit. The price of aluminium is controlled by the London Metal Exchange. In India, the production of aluminium is solely...
Nalco inks JV pact with GACL for caustic soda plant
National Aluminium Company Ltd (Nalco), a navratna PSU under the Union mines ministry, has signed a joint venture (JV) cum shareholders’ agreement with Gujarat Alkalies and Chemicals Ltd (GACL) for setting up a caustic soda plant and captive power plant (CPP) at Dahej (Gujarat). The project is...
Metal sector SEZ developers asked to set up downstream parks
Investors in metal sectors like steel, aluminium and ferroalloys with outlays exceeding Rs 1,000 crore need to establish downstream parks if they want to put up their projects in Special Economic Zones (SEZs). The SEZ policy recently released by the state government says the downstream parks have...
Delhi to host 4th India Minerals and Metals Forum 2015
National capital New Delhi will host the 4th India Minerals and Metals Forum 2015 - Ferrous and Non Ferrous" on Wednesday. The event to be held at Hotel Le Meridien, will be inaugurated by Union Minister of Steel and Mines Narendra Singh Tomar. With the Indian economy expected to grow by over seven...
Jharkhand government to renew leases for Hindalco’s closed bauxite mines
Hindalco Industries may soon get to resume operations at five bauxite mines in Jharkhand that have remained closed since September last year, with the state government initiating the extension of these leases till 2030. The state mines department has already processed files of the five mines of the...
