Great Lakes Limestone Trade Up 22.8% in November

Shipments of limestone on the Great Lakes totalled 3.1 million tons in November, an increase of 22.8% compared to a year ago. Limestone cargos were 7.3% above the month’s five-year average.Loadings from U.S. quarries increased 23.6% from 2022 to 2.6 million tons. Shipments from Canadian quarries totalled 536,912 tons, an increase of 19.2%. Year-to-date the […]

Chhattisgarh earns record mineral revenue of ₹12,941 crore in 2022-23

Chhattisgarh has earned record revenue of ₹12,941 crore from minerals for the year 2022-23, a rise of ₹636 crore from the previous fiscal. Iron ore fetched the highest ₹3,607 crore followed by ₹3,336 crore from coal, while Danetwada was the top-earning district in terms of mineral revenue. Limestone and bauxite too fetched sizable revenue. Dantewada […]

E&C sector on solid ground; FY24 likely to see outperformance

The engineering and construction (E&C) sector delivered an excellent performance in the last two financial years (FY2021-22 or FY22 and FY23’s nine-months) and there’s reason to believe that FY24 will also see outperformance. The sector has emerged from the pandemic with stronger balance sheets and more rational cost structures.It has a big order book and […]

Canada partners with Germany’s Heidelberg to support net-zero cement plant

The Canadian government signed a partnership with Germany’s Heidelberg Materials to support a proposed C$1.4 billion ($1.04 billion USD) carbon capture utilization and storage (CCUS) unit at the company’s Edmonton cement plant. If the project goes ahead, it will create North America’s first carbon-neutral cement plant and is expected to capture over 1 million tonnes of […]

Oman to offer new mining concessions in Q1 2023 

Oman is in the preparation process to offer a new batch of mining concession areas in the first quarter of 2023. This process would also include new concession areas targeting commodities like chromite, copper, limestone and others.

India’s mineral production rises 9.8 pc in December 2022

India’s mineral production rose by 9.8 per cent in December 2022, over the same month a year-ago, according to the mines ministry. The index of mineral production of the mining and quarrying sector for the month of December, 2022 stood at 107.4, 9.8 per cent higher as compared to December, 2021, as per the provisional […]

The Worldwide Construction Aggregates Industry is Expected to Reach $621 Billion by 2031

The construction aggregates market was valued at US$375,269.3 million in 2021, and is projected to reach US$621,069.04 million by 2031, registering a CAGR of 5.05% from 2022 to 2031. The most mined granular product in the world is aggregate. It is a fundamental component of composite materials such as concrete and asphalt concrete. These resources […]

Cement shocks rally on hopes of a ready mix of more deals

Shares of mid and small rallied over the optimism over Adani’s group entry in the cement sector through buyouts of Ambuja cements and ACC. The twin acquisitions by Adani had raised much hoped in the sector. Shares of Nuvuko vistas has surged 11% to Rs. 443.3, while Chennai based India cements gained 9% to Rs. […]

Limestone Global Market likely to grow in 2022

The global limestone market is expected to grow from US$65.08 billion in 2021 to US$68.32 billion in 2022 at a compound annual growth rate (CAGR) of 4.97%. The limestone market is expected to grow to US$86.75 billion in 2026 at a compound annual growth rate (CAGR) of 6.15%. Asia Pacific was the largest region in […]