The minister said that a sum of Rs 20,000 crore has been provisioned in the Budget to capitalise the DFI.

The group also enjoyed spectacular growth in agriculture which made up 11.7 percent of its revenue and 12.4 percent of after-tax profit.

In the contrary, the mining industry posted a decrease of 6.2 percent.

Ground has been broken for a massive expansion project that will add an electric arc furnace to the AM/NS Calvert steel mill north of Mobile.

Russia may tighten restrictions on scrap export

Africa’s minerals sector should “seize the opportunities presented by the global transition towards green energy”, experts noted during a virtual webinar on the future of mining in Africa, post-Covid-19.

The Covid-19 pandemic has created an opportunity for the global mining industry to use available digital technologies to leapfrog productivity gaps, says Bosch mining solutions head Jonas Corali.

First ore from the Iron Ridge mine, in Western Australia, has departed from the Port of Geraldton, with the next export vessel scheduled to arrive in late February.