Tin costs will doubtless stay elevated for the remainder of this yr as Myanmar’s Man Maw mine is but to be reinstated and exports from Indonesia have been disrupted throughout the January-June interval, specialists say. The value of tin, a white soft-silvery steel utilized in soldering, for plating metal cans and in bearings, has elevated … Read more
Hyderabad Iron ore producer NMDC has reported a internet revenue of ₹1,984 crore for the primary quarter of this fiscal up 20 per cent from the identical interval final fiscal. The corporate recorded a turnover of ₹5,378 crore, with Revenue After Tax (PAT) at ₹1,984 crore, and EBITDA of ₹2,725 crore within the first quarter of this monetary 12 months. Commenting on the corporate’s outcomes, Amitava Mukherjee, … Read more
Aided by robust present in electrical energy era and mining sector, manufacturing facility output development for Could stunned on the upside coming in at a 7-month excessive of 5.9 per cent, knowledge launched by Commerce and Business Ministry confirmed on Friday. The general Index of Industrial Manufacturing (IIP) has been at 5 or above 5 … Read more
India is trying to ramp-up its essential mineral play in Africa because it keys useful resource securitisation and an upsetting of the Chinese language apple-cart within the area. There are MoUs in place with at the least eight African nations for mining collaborations together with entry to sources. Nations embrace South Africa, Mozambique, Congo, Tanzania, … Read more