Category: News

Hindalco eyeing lithium for strengthening its aluminium business

According to a report by Business Standard, Hindalco Industries is eyeing lithium in the minor mineral space for strengthening its aluminium business. Managing Director Satish Pai said: “Lithium is the closest to our (aluminium) business, and in India, there could be some opportunities in this minor mineral. We are watching. If we get an opportunity we will get into this minor mineral.”

Per the report, India’s one of the largest aluminium producer and part of the $44.3-billion Aditya Birla Group is targeting the minor mineral via its mining arm Essel Mining and Industries (EMIL).

At present, Essel Mining is into coal and iron ore mining contract, operating in 35 countries. “It is Essel Mining, the group’s mining arm, which is looking into this,” Pai said, without divulging any detail about a timeline.

Lithium and manganese are the two most common alloys used with aluminium. The output is mainly used in the aerospace industry. Besides, lithium has wide application in batteries for mobile phones, laptops, and electric vehicles. Global prices of lithium have moved up in the past five years but have been declining since last few months.

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Ministry investigates bauxite mining led alleged environment damage in Bintan District

According to a report by Antara on February 5, the Environment and Forest Ministry has stationed a team at bauxite mining sites in Bintan District for the investigation of alleged environment damage in the region.

The Environment and Forest Minister Siti Nurbaya said the team arrived at the spot on Tuesday, February 5, and would soon take legal measures.

Riau Islands Governor Nurdin Basirun, however, refused to comment on this, claiming that he had not received any information on environment damage in Bintan District as a result of bauxite mining in the region.

He particularly remarked on Monday, "I do not want to comment on this before I receive information from the related office. I will order the office to monitor the bauxite mining."

Antara reported that bauxite mining areas such as Dendang Island, Tembeling, Bekung, Gisi, Bunut Island, Koyang Island, Buton Island, Malin Island, Kelong Island, Mantang lama, and Tembora Island were found suffering serious environment damage.

Bauxite mining activities grew in those areas since the time when the Directorate General of Foreign Trade Ministry issued bauxite export license in 2017 to PT Gunung Bintan Abadi. The Riau Islands governor issued a mining license for the company, with a production quota of 1.6 million tonnes.

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