Weekly Mining News: 03:03:2024

1. Govt. of India funds 5 MSMEs for innovation in mining & minerals includes M/s Caliche, M/s Cellark Powertech, M/s. L N Indtech M/s Ashvini, M/s Saru Smelting. Pralhad Joshi Hands Over Letters Of Financial Grants
2. With $2.5 trillion in mineral resources, Saudi Arabia set to become global mining hub by 2030: industry and mineral resources during Global Metals Conference in Miami.
3. The centre will launch the second round of critical mineral mine auctions for another 18 blocks on Thursday.
4. India cuts royalties for mining 12 critical minerals which are in the range of 2-4 % of ASP only
5. Nickel faces existential moment with half of mines unprofitable due to sudden price drop and data says this will last for next 5 years
6. World biggest diamond supplier Debswana Diamond Company’s sales of rough diamonds fell 25.1% in 2023 due to an economic slowdown hit demand for luxury items in the U.S. and China.
7. Deadly mining protests in Liberia kill 1 and injure many. Violent protests in Liberia over the presence of armed guards in mining areas
8. Vedanta, Coal India, Ola Electric, Jindal Power and Dalmia group bid for critical mineral blocks
9. Can Royalty Collected On Mining Leases Be Considered As Tax? Supreme Court 9-Judge Bench Starts Hearing on the multifaceted taxation matter of mineral-bearing lands.
10. Illegal extraction, transportation of minerals | 30 cases registered, 51 persons arrested in last 2 months in J&K region

Read the previous articles: https://waartsy.com/weekly-mining-news-3rd-week-feb/

Ref: indiatimes, the hindu, mining weekly, livelaw, livemint, statesman https://www.mining.com/ etc.