ArcelorMittal Delivers Strong Q2 2026 Results, Boosts Margins and Growth Outlook

ArcelorMittal (referred to as "ArcelorMittal" or the "Company" or the "Group") (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world's leading integrated steel and mining company, today announced results1 for the three-month and six-month periods ended June 30, 2026.

2Q 2026 key highlights:

Safety focus: Protecting employee health and safety is a core Company value. The multi-year safety transformation continues to deliver measurable improvements, with LTIF rate of 0.60x in 2Q'26.

Delivering structurally improved margins: The Group's results continue to demonstrate resilience; 2Q 2026 EBITDA of $2.1bn, which represents a margin of $155/t, significantly higher than historical per tonne averages, reflecting the benefits of strategic investments, optimized assets and diversified market exposures. Europe EBITDA per tonne improved by $28/t sequentially, with further upside expected as the benefits of the new TRQ trade tool are realized. Net income in 2Q 2026 was $0.7bn (basic EPS of $0.90/sh).

Financial strength: After returning $0.6bn to shareholders and net working capital investment, net debt increased modestly compared with the prior quarter to $9.5bn4. Liquidity7 remains robust at $10.4bn, and the Company's free cash flow outlook for 2026 and beyond remains unchanged.

Strong underlying cash generation, supporting shareholder returns and growth investment: The business generated $0.5bn of underlying free cash flow in 1H 2026, after investing $0.8bn in strategic growth projects and excluding the seasonal $2.0bn working capital investment. Given the positive prospects for 2H 2026 profitability, healthy cash generation in 2H 2026 should support continued returns to shareholders and lower net debt.

Capital return policy is creating significant value for shareholders: During 1H 2026, the Company returned $0.7bn to shareholders ($0.2bn dividends and $0.5bn share buybacks). Following the partial monetization of its Vallourec stake, the proceeds of which have been allocated to share buybacks, shareholder returns in 2026 are expected to exceed the policy minimum (i.e. quarterly base dividend of $0.15/sh plus 50% of post-dividend FCF allocated to buybacks). The fully diluted share count has been reduced by 38% since September 20205.

Strategic focus:

Positive outlook across the near, medium and long term: ArcelorMittal is well positioned to deliver value-accretive growth, with robust shareholder returns, whilst maintaining a strong investment-grade balance sheet. Our medium and long-term growth prospects are underpinned by a unique portfolio of opportunities. Alongside the next phase of our growth in India, the world's fastest-growing major steel market, the Company is currently reviewing potential downstream expansions in Brazil (leveraging our low-cost assets and long slab position), and further capacity growth in Liberia (leveraging existing infrastructure). Electrical steels is a core growth focus globally, with projects underway in the US and Europe, and opportunities under development in other key regions. We also see significant opportunities to further expand our renewable energy portfolio, generating more resilient, non-cyclical earnings while enhancing the competitiveness and sustainability of our steel business. Renewables is a key pillar of the Sustainable Solutions segment which remains on track to double its EBITDA by 2028 (vs. 2023).

Financial highlights (on the basis of IFRS1):

(USDm) unless otherwise shown	2Q 26	1Q 26	2Q 25	1H 26	1H 25
Sales	16,761	15,457	15,926	32,218	30,724
Operating income	1,055	753	1,932	1,808	2,757
Net income attributable to equity holders of the parent	683	575	1,793	1,258	2,598

Commenting, Aditya Mittal, ArcelorMittal Chief Executive Officer, said: "Today's results, with second quarter EBITDA per tonne of $155, demonstrate the continued evolution of our business towards structurally higher levels of profitability. A key element is the improved outlook for our European business. The implementation of the new tariff rate quota alongside CBAM is creating a more balanced competitive environment. With Europe volumes in the third quarter projected to be stable to higher compared with the second quarter - counter to normal seasonal trends - and positive momentum across our other businesses, we anticipate higher shipments in both the third quarter and the second half of the year, with all segments expected to outperform first-half volumes."

On safety, we are making encouraging progress. While there is more work to do, we are reporting a record low LTIF for the first half of the year, reflecting the growing impact of our safety transformation programme and the strong commitment of teams across the Group to create safer workplaces every day.

On 1st August, ArcelorMitttal will celebrate its 20th anniversary. Over the past two decades, we have expanded into some of the world's most attractive steel and mining markets, including India and Southern United States, enhancing the quality of our earnings and increasing our exposure to long-term growth drivers. Our strategic growth initiatives are a key differentiator and position us to create value well beyond the current cycle. From 2026 onwards, this project portfolio is expected to add a collective US$1.8 billion of incremental EBITDA. These projects increase our exposure to long-term growth themes including electrification, renewable energy and grid infrastructure.

Our growing pipeline of future growth opportunities, strengthening contributions from our strategic JV portfolio, and focus on disciplined capital allocation - all backed by an investment grade balance sheet - mean ArcelorMittal is well positioned to deliver structurally higher quality earnings and continue to provide attractive shareholder returns over the long-term. With steel reaffirming its critical importance as a material that supports not only economic growth, but also the energy transition and AI led infrastructure build out, we look forward to further growth, innovation and digitalization in the next decade and beyond."

Safety and sustainable development

Health and safety:

Protecting employee health and safety is a core Company value. The multi-year safety transformation continues to deliver measurable improvements, with an LTIF rate of 0.53x in 1H 2026 vs 0.66x in 1H 2025.

In 2026, the safety transformation program progressed into its implementation and scale-up phase, focused on embedding execution discipline and delivering consistent, high-quality safety performance across all regions. During 1H 2026, more than 8,000 leaders were assessed against the updated Health and Safety Competency Model, supporting a consistent One ArcelorMittal safety culture globally. In addition, an upgraded Contractor Health and Safety Management Standard was rolled out, establishing a consistent framework to strengthen contractor safety performance across all operations. These initiatives form part of the Company's ongoing efforts to achieve its ambition of zero fatalities and serious injuries.

Own personnel and contractors - Lost time injury frequency rate

	2Q 26	1Q 26	2Q 25	1H 26	1H 25
North America	0.28	0.15	0.29	0.21	0.26
Brazil	0.17	0.17	0.39	0.17	0.35
Europe	1.17	0.85	1.23	1.00	1.21
Sustainable Solutions	1.21	0.72	1.26	0.96	1.24
Mining	0.37	0.19	0.11	0.28	0.17
Others	0.48	0.49	0.54	0.54	0.50
Total	0.60	0.45	0.68	0.53	0.66

Sustainable development highlights:

Sustainable solutions: Continuing to build exposure to attractive low-carbon infrastructure growth markets. In June 2026, ArcelorMittal Building Solutions announced plans to construct a new manufacturing facility in the United States. Together with recent investments in India and Brazil, the facility will further strengthen ArcelorMittal's global presence in insulated panels for more energy-efficient buildings. These investments are expected to contribute approximately $0.1bn of incremental EBITDA by 2031 once fully ramped up.

Electrification is a structural growth driver for steel: Investments in electrification (wind power, solar power and grid expansion) currently targeted by various government policies could require 240-290Mt of steel ex-China through to 2035. ArcelorMittal is well positioned to capture growth through its portfolio of high-value add, high-margin products serving solar, wind, electrical steel and also transmission infrastructure markets.

Analysis of results for the six months ended June 30, 2026 versus results for the six months ended June 30, 2025

Sales for 1H 2026 increased by 4.9% to $32.2 billion as compared with $30.7 billion for 1H 2025, primarily due to 10.2% higher average steel selling prices partially offset by lower shipments.

Operating income for 1H 2026 was $1.8 billion, broadly stable with the underlying performance recorded in 1H 2025. 1H 2025 operating income of $2.8 billion included $1.0 billion of net exceptional gains (a $1.2 billion exceptional gain mainly related to the acquisition of Nippon Steel's 50% stake in AM/NS Calvert, partly offset by $0.2 billion of impairment charges related to the divestment of the Zenica integrated steel plant and Prijedor iron ore mining business in Bosnia).

Depreciation cost for 1H 2026 was $1,529 million, higher than $1,353 million in 1H 2025, primarily due to the consolidation of Calvert (since June 2025) and foreign exchange impact. 12M 2026 depreciation guidance remains unchanged at approximately $3.0 billion.

EBITDA increased by 8.8% to $3,743 million in 1H 2026 as compared to $3,440 million in 1H 2025, primarily driven by stronger results in Europe, North America (reflecting the impact of the Calvert acquisition) and the India and JVs segment partly offset by weaker results in Brazil and Mining.

Income from associates, joint ventures and other investments increased to $406 million in 1H 2026, as compared to $298 million in 1H 2025, reflecting stronger contributions from AMNS India and European investees partially offset by the full consolidation of Calvert since June 2025.

Foreign exchange and net financing charges amounted to $366 million in 1H 2026 as compared to an income of $123 million in 1H 2025 primarily on account of foreign exchange impacts. 1H 2026 was negatively impacted by a 3.0% appreciation of the US dollar against the Euro, while 1H 2025 benefited from a 12.8% depreciation of the US dollar against the Euro.

Net interest expense increased to $269 million in 1H 2026 as compared to $121 million in 1H 2025, primarily due to higher average gross debt (including impact from consolidation of Calvert) and lower interest income.

Net income in 1H 2026 of $1,258 million (EPS of $1.65/sh) compares to adjusted net income4 of $1,810 million (adjusted EPS of $2.37/sh) in 1H 2025.

Net cash provided by operating activities in 1H 2026 was $952 million as compared to $1,062 million in 1H 2025 and includes a working capital investment of $1,981 million as compared to $1,491 million in 1H 2025.

Analysis of results for 2Q 2026 versus 1Q 2026

Sales increased by 8.4% to $16.8 billion in 2Q 2026 as compared to $15.5 billion in 1Q 2026, primarily reflecting 4.4% higher average steel prices and 4.1% increase in steel shipments.

Operating income increased to $1.1 billion in 2Q 2026 as compared to $0.8 billion in 1Q 2026.

EBITDA increased by 22.9% to $2,064 million in 2Q 2026 as compared to $1,679 million in 1Q 2026, driven by improved performance across all steel segments.

Net income in 2Q 2026 increased to $683 million (EPS of $0.90/sh) as compared with $575 million (EPS of $0.76/sh) in 1Q 2026.

Net cash provided by operating activities in 2Q 2026 amounted to $1.0 billion (including a $0.5 billion investment in working capital) as compared to net cash used in operating activities in 1Q 2026 of $9 million (including a $1.5 billion seasonal investment in working capital). Capex totalled $1.1 billion (including strategic growth projects totaling $0.4 billion) for 2Q 2026 and $1.3 billion for 1Q 2026 (including strategic growth projects totaling $0.4 billion and $0.2 billion payment on signing the new Mineral Development Agreement in Liberia)10. Net debt increased to $9.5 billion as at June 30, 2026, as compared to $9.3 billion as at March 31, 2026. 

India Pioneers Underground Coal Gasification in Landmark Mine Agreements

Representative Image 

In a landmark milestone for India’s energy transition and self‑reliance, the Ministry of Coal has executed Coal Mine/Block Production and Development Agreements (CMDPAs) with successful bidders for four coal mines under the 14th round of commercial coal auctions. For the first time, these agreements carry embedded provisions for Underground Coal Gasification (UCG), signaling a transformative leap in how India envisions and unlocks the full value of its coal reserves.

Historic First in Commercial Coal Mining

• Reliance Industries Limited secured the Recherla and Chintalpudi Sector A1 mines in Andhra Pradesh.
• Axis Energy Ventures India Pvt. Ltd. won the Dip Extension of Belpahar and Tangardihi East mines in Odisha.
• Two mines are fully explored, while two remain partially explored, reflecting India’s push to diversify its coal resource base.

UCG – A Revolutionary Technology

Underground Coal Gasification (UCG) has been tested and deployed in several countries, with notable projects in Uzbekistan, South Africa, Australia, China, India, Russia, and Poland. These nations have either run pilot plants or integrated UCG into their energy strategies due to their large, deep coal reserves.  

• Underground Coal Gasification converts coal into synthetic gas directly within the seam, eliminating the need for conventional mining.
• Enables utilisation of deep, thin, or otherwise unworkable coal seams.
• Expands India’s exploitable energy resource base.
• Supports cleaner and more efficient energy production alongside traditional extraction.

Strategic Value Addition to Coal Economy

• Syngas from UCG can serve as domestic feedstock for fertiliser production, reducing dependence on imported urea and ammonia.
• Strengthens food security by supporting domestic agriculture inputs.
• In chemicals and petrochemicals, syngas can replace imported natural gas and naphtha.
• Enables domestic production of methanol, dimethyl ether (DME), and synthetic fuels.

Scale of India’s Commercial Coal Auctions

• With these four CMDPAs, India has now signed agreements for 138 mines.
• Collectively, they represent a peak rated capacity of 331.544 MTPA.
• Projected annual revenues: ₹42,980 crores.
• Expected capital investments: ₹48,231 crores.
• Employment generation: 4,34,175 direct and indirect jobs.

Energy Security and Global Positioning

India has future‑proofed its coal sector by embedding UCG provisions into CMDPAs, ensuring long‑term energy security while embracing frontier technologies. This positions India at the forefront of the global energy landscape, balancing domestic production with innovation in clean coal utilisation.

Underground Coal Gasification (UCG) Explained

Definition
Underground Coal Gasification (UCG) is an in‑situ process that converts coal directly into synthetic gas (syngas) within the seam itself, eliminating the need for conventional mining.

What is Underground Coal Gasification?

• Coal seams are accessed by drilling wells.
• Oxygen and steam are injected to ignite and gasify the coal underground.
• Syngas (carbon monoxide, hydrogen, methane, carbon dioxide, water vapor) is extracted through production wells.
• Syngas can be used for power generation, chemical feedstocks, fertiliser production, and synthetic fuels.

Advantages of UCG

• Accesses deep, thin, or unworkable coal seams.
• Reduces surface disturbance compared to open‑cast mining.
• Eliminates coal transport and surface gasification steps.
• Supports cleaner and more efficient energy production.

Applications of UCG

• Power generation – syngas fuels turbines or combined cycle plants.
• Fertiliser feedstock – hydrogen and ammonia precursors reduce import dependence.
• Chemical industry – enables domestic methanol, DME, and synthetic fuel production.
• Hydrogen production – alternative source for industrial hydrogen and fuel cells.

Historical Context

• Concept proposed in 1868 by Sir William Siemens.
• Developed further by Russian chemist Dmitri Mendeleyev.
• Early experiments conducted in the Soviet Union (1928–1939).
• Modern pilot projects tested in Uzbekistan, South Africa, and Australia.

Challenges & Risks

• Technical complexity – requires advanced drilling, ignition, and monitoring systems.
• Environmental risks – groundwater contamination, subsidence, uncontrolled gas migration.
• Regulatory hurdles – strict oversight needed for safety and environmental concerns.

India Maps 7.23 Million Tonnes Rare Earth Resources, Expands Uranium Mining and Global Lithium Ventures

India is intensifying its rare earth and uranium exploration drive, with over 300 projects launched by the Geological Survey of India (GSI) and Atomic Minerals Directorate (AMD), alongside auctions of critical mineral blocks and overseas ventures through KABIL. The government estimates 7.23 million tonnes of rare earth oxide equivalent resources, positioning India as a serious player in the global critical minerals race.

Exploration & Auctions

• AMD (Atomic Minerals Directorate): Conducting integrated exploration for Rare Earth Elements (REE) and uranium across coastal sands, inland alluvium, and hard rock terrains.
• GSI (Geological Survey of India):
  • Between 2021–22 and 2023–24, carried out 166 REE projects.
  • In 2024–25, completed 78 projects.
  • In 2025–26, initiated 92 projects.
• Ministry of Mines: Auctioned 46 critical mineral blocks, including 7 REE blocks, plus 7 exploration licenses (2 for REE).

Resource Estimates (AMD)

• 7.23 Million Tonnes (Mt) TREO Eq. in 13.15 Mt monazite, found in Andhra Pradesh, Odisha, Tamil Nadu, Kerala, West Bengal, Jharkhand, Gujarat, and Maharashtra.
• 1.29 Mt TREO Eq. in hard rock terrains of Gujarat and Rajasthan.

Public Sector Undertakings (PSUs)

• IREL (India) Limited: Processes rare earth-bearing minerals from beach sand materials into high-purity oxides. Operates integrated mining and refining facilities in Odisha, Kerala, and Tamil Nadu.
• UCIL (Uranium Corporation of India Limited): Runs seven uranium mines and two processing plants in Jharkhand, plus one mine and plant at Tummalapalle, Andhra Pradesh.

Overseas Ventures

• KABIL (Khanij Bidesh India Limited): A joint venture under the Ministry of Mines, created to secure overseas assets.
  • Signed an agreement with CAMYEN (Argentina) for exploration of five lithium brine blocks.
  • No long-term agreements yet for REEs, cobalt, or uranium.

Strategic Context

• India launched the National Critical Minerals Mission (NCMM) in 2025, aiming to reduce import dependency and build a domestic value chain for rare earths, lithium, cobalt, and uranium.
• GSI is evolving from a mapping agency into an investment enabler, preparing mineral assets for private and global investors.
• Rare earths are vital for EV batteries, wind turbines, defense systems, and semiconductors, making India’s exploration crucial for energy security and technological competitiveness.

Challenges Ahead

• Value Chain Development: India must move beyond exploration to processing, refining, and manufacturing of rare earth-based products.
• Global Competition: China dominates rare earth supply; India’s efforts aim to diversify sources and reduce vulnerability.
• Environmental & Social Concerns: Mining projects in Jharkhand and coastal states face challenges of land acquisition, rehabilitation, and ecological impact.

Conclusion

India’s rare earth and uranium exploration is no longer just geological—it’s strategic. With 7.23 Mt of rare earth resources identified, 300+ projects underway, and overseas lithium ventures, the country is laying the groundwork for self-reliance in critical minerals. The next step will be building a domestic refining and manufacturing ecosystem to translate exploration success into industrial strength.

Tata Steel Board Clears Multi-Billion Expansion, Bets on Low-Carbon Future

Tata Steel Board in its meeting today affirmed the long-term growth strategy for India business and considered several options and proposals, some of which is disclosed below. In line with stated objective of pursuing prudent capital allocation and profitable growth, Tata Steel will prioritize investments in the following areas

a) Investment in the volume growth

b) Investment in value added downstream portfolio

c) Investment in identified mining assets and infrastructure to serve the needs of the India business and, 

d) Invest in new to the world low carbon low capital intensity process technologies for sustainable steel making of the future.

1. The Board has accorded in-principle approval for the 4.8 MTPA capacity expansion at Neelachal Ispat Nigam Limited. This is Phase 1 of the capacity expansion in NINL and will enable Tata Steel to further expand the long products portfolio especially in the highly profitable retail space and capitalize on the growth of construction sector in India through new products and solutions.
2. As part of further enhancing the finished steel capacity in the flats products, the Board has approved the funds required to undertake the design and engineering work to set up of a 2.5 million tons Thin Slab Caster and Rolling facilities at Tata Steel Meramandali and also progress on seeking all regulatory approvals for the expansion. This will expand the finished steel capacity particularly of thinner gauge products by 2.5 MTPA.
3. Tata Steel has been steadily expanding its downstream facilities across various product lines to serve the needs of its customers. In line with this strategy and following the recent decision to consolidate the holdings in Tata Steel BlueScope Private Limited, Joint Venture in the color coated business for construction, the Board today approved the plan to set up a 0.7 MTPA Hot Rolled Pickling and Galvanizing Line (HRPGL) at its existing Cold Rolling Complex in Tarapur, Maharashtra. This will be ‘first of its kind’ facility in India and will enable Tata Steel to meet the requirements of its automotive customers for import substitution and further consolidate its leadership position in this segment.
4. As Maharashtra aims to grow to a USD 1 trillion economy in the near future and to cater to the growing demand of customers in Western and Southern India, Tata Steel has signed a MoU with Lloyd Metals & Energy Ltd to partner in the areas of iron ore mining, logistics including slurry pipeline, pellet and steel making. Both companies will jointly explore the following opportunities in the Gadchiroli district of Maharashtra,
1. Operate mining concessions and associated infrastructure, with the objective to increase iron ore production and be a prominent player in this growing region developing as a new iron ore hub of India,
2. Development of a greenfield 6 million tons steel capacity by Tata Steel in two phases and
3. Strategic cooperation in the proposed integrated steel projects already being developed by Lloyds Metals & Energy Limited (LMEL) in Gadhchiroli. All proposed initiatives are subject to further detailed evaluation, due diligence, and receipt of requisite internal and regulatory approvals.
5. Tata Steel has also signed definitive agreements to acquire 50.01% stake in Thriveni Pellets Private Limited (TPPL), subject to regulatory approvals. TPPL owns 100% stake in Brahmani River Pellet Limited (BRPL), which operates a 4 MTPA pellet plant at Jajpur, Odisha along with a 212 Kilometer slurry pipeline. LMEL holds the balance 49.99% stake in TPPL.
6. Tata Steel has been operating its pilot plant on HIsarna technology for a decade in its Ijmuiden plant. HIsarna technology is a low carbon technology that uses inferior quality iron ore, eliminates the usage of coke and also uses steel slag in its process, hence making it a sustainable technology for the future. In the last couple of years, Tata Steel along with a large global steel company has been jointly running trials in the IJmuiden Pilot Plant. The Board today reviewed the progress of the trials, reviewed the scalability opportunities of the technology and have given the approval to commence engineering work and to commence regulatory approval process to set up a demonstration plant around 1 MTPA capacity in Jamshedpur. Tata Steel owns the global intellectual property rights of the HIsrana process technology, and this is one of the key focus areas in the new technology space for the Company.

In A Historic Shift, India Opens Uranium Mining to Private Sector

India is poised to make a historic shift in its nuclear energy strategy by allowing private firms to mine, import, and process uranium—ending a decades-old state monopoly, said a report by Reuters.

Key Highlights of the Policy Shift

• Private Sector Entry: Companies can now mine, import, and supply control systems for nuclear plants.
• State Retains Core Control: Government will manage spent fuel reprocessing and plutonium waste.
• Timeline: Policy expected to be announced in FY26.

Nuclear Expansion Goals

Metric	Current Status	2047 Target
Nuclear Power Capacity	8.8 GW	100 GW
Share of Electricity from Nuclear	~2%	5%
Uranium Demand Coverage (Domestic)	~25%	Remainder to be imported

Implications for Industry & Investment

• Legal Overhaul: Amendments needed in mining, electricity, and FDI laws.
• Foreign Participation: Minority stakes in nuclear plants to be allowed.
• Corporate Interest: Indian conglomerates preparing investment plans.

Global Context

Countries like Canada, South Africa, and the United States already allow private firms to mine and process uranium, offering international precedents for India’s move.

This shift is part of Prime Minister Modi’s broader Viksit Bharat 2047 vision, aiming to make nuclear energy a cornerstone of India’s clean energy and energy security strategy.

Adani’s Natural Resources Division is India's 1st to Deploy Hydrogen-powered Truck for Mining Logistics

• The first truck is deployed at the Chhattisgarh government’s mine, more to follow
• Trucks with three hydrogen tanks will carry 40 ton of cargo for 200 KMs of range

Adani Enterprises, the flagship company of the Adani Group, flagged off India’s first hydrogen fuel cell truck to promote cleaner transportation. These hydrogen-powered trucks will gradually replace diesel vehicles used in the company's logistics operations.

On May 10, Chhattisgarh Chief Minister Shri Vishnu Deo Sai flagged off the first truck in Raipur. It will be used to transport coal from the Gare Pelma III Block to the state’s power plant.

"The launch of India's first hydrogen-powered truck in Chhattisgarh reflects the state's commitment to sustainability. Such initiatives will significantly reduce our carbon footprint and set a new standard for industry. Chhattisgarh is not only at the forefront in meeting the country's electricity demands but also leads by example in adopting sustainable practices," said Chhattisgarh Chief Minister Shri Vishnu Deo Sai.

The state-owned Chhattisgarh State Power Generation Company Limited has appointed Adani Enterprises as the mine developer and operator for the Gare Pelma III block through a competitive bidding process.

The initiative for hydrogen-powered trucks is a significant step towards Adani Group's commitment to decarbonization and responsible mining. We are creating model mines with minimal environmental impact by incorporating autonomous dozer push technologies, solar power, digital initiatives, and tree transplanters to relocate trees. We aim to ensure affordable and reliable electricity for all while pioneering new standards in sustainable mining practices," said Dr. Vinay Prakash, CEO - Natural Resources and Director Adani Enterprises.

The project is a joint effort between Adani Natural Resources (ANR) and Adani New Industries Limited (ANIL), both part of Adani Enterprises. ANR will source hydrogen cells from ANIL, which is also involved in green hydrogen, wind turbines, solar modules, and battery manufacturing.

Hydrogen, the most abundant element, produces no harmful emissions. Hydrogen fuel cell vehicles match diesel trucks in range and load capacity but emit only water vapor and warm air, with minimal noise.

Since mining mainly uses diesel-powered machinery, switching to cleaner fuels will reduce emissions and noise. It will also help lower India’s crude oil imports and carbon footprint. Notably, Adani Natural Resources is the first in Asia to deploy Dozer Push Semi-Autonomous Technology, boosting both safety and sustainability.

Tata Steel and TEXMiN of IIT (ISM) Dhanbad Partner to Catalyze Innovation in India’s Mining Sector

Tata Steel and TEXMiN, the Mining Technology Innovation Hub at IIT (ISM) Dhanbad, have entered into a strategic alliance to transform India's mining sector. This partnership is set to catalyze innovation and reshape the landscape of natural resource management in the country. 

The collaboration was announced on April 30, 2024, and involves Tata Steel's Industrial Consulting Division (TSIC) and TEXMiN, at IIT (ISM) Dhanbad.

Through meticulously curated training initiatives, the collaboration aims to empower mining professionals with contemporary proficiencies spanning exploration, mining, remote sensing, and regulatory protocols, ensuring a skilled and competent workforce for the future.

TSIC and TEXMiN will synergise their efforts to conceive novel products and services with commercial viability, focusing on scalability and innovation to address industry challenges and drive transformative change. The partnership will also explore and implement nascent mining technologies, fostering sustainable growth and industry-wide transformation through the adoption of innovative solutions.

Additionally, TSIC and TEXMiN will collaborate in governmental and private sector initiatives, leveraging their complementary competencies to overcome challenges and foster a culture of transformative change within the mining industry.

The Memorandum of Understanding (MoU) between the two entities marks a significant step towards propelling the mining industry into the era of Mining 4.0. It emphasizes both institutions' commitment to fostering a sustainable and efficient future for the sector.

Key Objectives of the Alliance:

• Technical Advancements: Prioritizing technical advancements to redefine resource management practices.
• Skill Development: Empowering mining professionals with contemporary skills in exploration, mining, remote sensing, and regulatory protocols.
• Innovative Technologies: Integrating cutting-edge software and digital methodologies into exploration, mining, and beneficiation processes.
• Novel Products and Services: Conceiving scalable and innovative solutions to address industry challenges.
• Sustainable Growth: Implementing nascent mining technologies to foster sustainable growth and industry-wide transformation.

This strategic alliance is expected to drive transformative change across the sector, setting new benchmarks for efficiency and sustainability.

TEXMiN (Technology Innovation in Exploration & Mining) Foundation, instituted by DST, GoI, under the NMICPS mission, is a Section 8 company and the preeminent Mining Technology Innovation Hub of IIT (ISM) Dhanbad. It is committed to addressing the manifold challenges confronting the mining and exploration sector through the strategic deployment of CPS-based technologies.

Tata Steel Becomes First-in-India to Integrate Transgender Employees in Core Mining Operations

Tata Steel has taken a pioneering step in workforce diversity by integrating transgender employees into its mining operations. On March 31, 2024, in celebration of International Transgender Day of Visibility, Tata Steel's West Bokaro Division onboarded 14 new transgender trainees as Heavy Earth Moving Machinery (HEMM) Operator Trainees.

This initiative has increased the company's total transgender workforce to 120.

The company has been at the forefront of promoting diversity, equity, and inclusion (DE&I) in the workplace, with various programs and policies designed to create a respectful and supportive environment for all employees.

The inclusion of transgender employees in core mining operations is not only about providing jobs but also about empowering these individuals, fostering an inclusive work environment, and enhancing the diversity of Tata Steel's workforce.

Tata Steel's West Bokaro Division has been at the forefront of integrating transgender persons into its workforce. Earlier in 2022, the division took a landmark step by onboarding 14 transgender employees as Heavy Earth Moving Machinery (HEMM) Operators at its mines, who are successfully operating 100-ton dumpers in West Bokaro.

This initiative goes beyond just providing jobs. It empowers transgender employees, fosters a more inclusive work environment, and strengthens the diversity of Tata Steel's workforce.

Anurag Dixit, General Manager, West Bokaro Division, Tata Steel, said, "We are delighted to welcome our new Operator Trainees today. This is a momentous occasion as we continue to build a truly inclusive workplace at West Bokaro Division. We are confident that our new trainees will make valuable contributions to our team, and we are committed to providing them with the support and opportunities they need to succeed."

In India, besides Tata Steel several companies are actively working towards transgender inclusion in the workplace. Here are some examples:

• RJ Corp: This conglomerate is also known for hiring transgender workers.
• Publicis Sapient: The global advertising firm has hired transgender individuals through programs like the Rainbow Internship.
• ESL Steel: Part of the Vedanta Group, ESL Steel is planning to hire transgender employees in administration and security functions.
• The Lalit Suri Hospitality Group: They offer higher stipends for skill enhancement training programs for transgender people, recognizing the additional costs they may incur for hormone therapy.

These companies are not only providing employment opportunities but also revising their policies to be more inclusive, offering health insurance benefits that include gender reaffirmation surgery and hormone replacement therapy, and identifying more roles for transgender employees. This reflects a growing momentum towards increasing the participation of transgender individuals in regular office work.

0x_nodes Simplifies Protocol, Launches New Improved Cross-Chain Liquidity Mining Platform

Liquidity mining platform 0x_nodes that generates high APY returns across any blockchain, today announced the launch of a simplified protocol, featuring a ‘build-your-own-strategy approach’, a simple interface, and a high APY with optimal security.

Liquidity mining is a process in which crypto holders lend assets to a decentralized exchange in return for rewards. These rewards commonly stem from trading fees that are accrued from traders swapping tokens. It is an essential part of providing liquidity to the Defi environment, allowing even newbie crypto investors to gain high-yield, passive income.

On 0x_nodes, users stake native assets of the protocol’s supported blockchains to earn native asset rewards. Users employ the platform’s build-your-own-strategy approach to choose from a variety of investment strategies to stake their assets on. The system then deploys user funds to the underlying investment strategies in batches, resulting in cost savings.

"0x_nodes is ideal for creating an interest-bearing portfolio where the APY% is represented in base assets (that is, without conversion to USD), eliminates the temporary “impermanent” loss, and allows for additional yield to be generated,” said “owl," founder of 0x_nodes. “We make it easy to maximize returns so portfolios can balance out in response to market movements, therefore cutting loss."

The protocol provides sustainable yields through its innovative auto pooling technology that finds and distributes liquidity according to its highest performance. The protocol periodically distributes rewards back to the users as claimable native assets and provides users with the option of automatically reinvesting yield. Users can also stake the $BIOS token to earn rewards in the form of native assets, across six different blockchains.

With traditional DeFi platforms, there’s no cross-chain interface that allows free exchange of native assets between non-native environments, which means users have to move assets from the Ethereum mainnet to remote chains for deployment–– a process that is slow, expensive, requires constant education and results in lost opportunities. The platform, on the other hand, draws yield from numerous decentralized exchanges and blockchains in one place.