India

Indian gold smuggling soars

MINING.com Editor | March 20, 2015
India is hoarding Switzerland’s gold, silver

Gold has not surprisingly found a back door into India, despite import restrictions on the yellow metal that were only recently lifted.

Gold price to double by 2030 thanks to Asia: report

Cecilia Jamasmie | March 18, 2015
Gold price to double by 2030 thanks to Asia: report

ANZ predicts that as incomes rise across Asia, particularly in China and India, so will the appetite for gold rings and necklaces.

Asian miners transition towards digital mining

Timetric | March 18, 2015
Gold price just short of $1,200 as 'cautious optimism' returns

According to Timetric’s Mining Intelligence Center (MIC), Asian mines are transitioning towards digital mining, as demonstrated by continuing investment in design software and mine surveying.

Iron ore mining in Goa may resume in two months

Cecilia Jamasmie | March 18, 2015
Iron ore mining in Goa may resume in two months

The move comes amid an ongoing collapse in commodity prices.

Potash producers rejoice — China likely to pay more for it this year

Cecilia Jamasmie | March 17, 2015
Potash producers rejoice — China likely to pay more for it this year

According to analysts from Credit Suisse, Chinese importers will settle at $320 a tonne, versus $305 a tonne they paid last year.

Australia can leverage its "doorstep" position with Asia to drive uranium exports – Toro Energy executive

Toro Energy | March 3, 2015

PDAC delegates in Toronto told overnight that emerging powerhouse economies would drive the future global demand for uranium, nowhere more so than that from China and India.

Plenty of potash, but almost no low cost sources for crop production

US Geological Survey | March 3, 2015
Plenty of Potash, but almost no low cost sources for crop production

While the earth contains enough potash to meet the increased global demand for crop production, some regions lack potash deposits needed for optimal food crop yields, the latest global assessment of the resource by the USGS shows.

Auction of coal mines in India to lower power tariff — President

The Economic Times | February 23, 2015

India's government says to be committed to bringing transparency in the allocation of natural resources including coal.

Coal price rally with legs as India overtakes China

Frik Els | February 18, 2015
Coal price rally with legs as India overtakes China

Thermal coal prices have jumped 22% in a month as mines close. Surging Indian imports, set to overtake China's in 2015, will support prices longer term.

Australian uranium 'could end up in India’s nuclear weapons program'

The Guardian | February 15, 2015

Australian uranium could end up in India’s nuclear weapons program thanks to concessions the Abbott government made in the deal between the two countries, two nuclear experts have warned.

Indian police seek arrest of Australian mining chief Bruce Munro

Sydney Morning Herald | February 15, 2015

Indian police want to arrest top Australian mining chief executive Bruce Munro, as part of a criminal investigation into allegations he "cheated" a business partner in a multibillion-dollar coal deal.

India reclaims top spot as No. 1 gold consumer

Andrew Topf | February 1, 2015
Asian gold demand up as India’s Diwali boost sales

India is back to being the number one consumer of gold, knocking China off the top of the podium as the country that consumed the most bullion in the form of gold bars, coins and jewelry, in 2014.

Will India’s gold imports surge on tariff cuts? – Jayant Bhandari

Sprott's Thoughts | January 29, 2015
india gold shutterstock 333

Jayant Bhandari advises funds and institutional investors on investing in India, and has commented on India’s impact on world gold demand for Sprott’s Thoughts.

China’s gold imports plummet

Frik Els | January 27, 2015
China’s gold imports plummet

Down nearly a third in 2014 as anti-corruption drive curbs conspicuous consumption and investment money flows into Shanghai stock market.

Rio Tinto’s diamond output down 14% in 2014

Cecilia Jamasmie | January 20, 2015
Rio Tinto’s diamond output down 14% in 2014

The company pointed to the transition of its Argyle mine from open pit to underground, as well as a shift toward processing lower-grade ore at Diavik as the main reasons for the drop.

Kiran Gems Participates in Mumbai Marathon

Kiran Gems | January 19, 2015

Kiran Gems, the world’s largest manufacturer of diamonds, participated in the 12th Mumbai Marathon on Sunday, January 15, 2015. The top brass of the organization, namely Mavji Patel, the managing director, Dinesh Lakhani and Rajesh Lakhani, both directors, along with 15 other employees came out in support of humanity and participated in this event.

Shanghai gold deals get a boost as WGC sets bullion free trade zone

Cecilia Jamasmie | January 15, 2015
Shanghai gold trade gets a boost as WGC sets bullion free trade zone

The World Gold Council (WGC) and the Shanghai Gold Exchange (SGE) have signed memorandum of understanding on a comprehensive strategic gold cooperation agreement.

Adani's $15bn coal mine in Australia facing fresh legal challenges

Cecilia Jamasmie | January 15, 2015
Adani's $15bn coal mine in Australia facing fresh legal challenges

An environmental group is attempting to radically change the way mining projects are assessed with a court case involving Adani's controversial coal mining complex in Queensland.

Rio Tinto in talks to ship uranium to India

Cecilia Jamasmie | January 14, 2015
Rio Tinto in talks to ship uranium to India

Ceo Sam Walsh has said the firm expects to start exporting Australian uranium to India by 2017.

Sandvik unveils new mid-range mining crushers

Cecilia Jamasmie | January 13, 2015
Sandvik unveils new mid-range mining crushers

Part of the firm's CH800 series of mining cone crushers, the two models aim to help improve productivity and profitability in the mid-range segment.

Rio Tinto to spend at least $500 million to advance diamond project in India

Cecilia Jamasmie | January 12, 2015
Rio Tinto to spend at least $500 million to advance diamond project in India

The Bunder project will be one of the only four diamond mines to be operational over the next decade.

India coal miners end nationwide strike

Cecilia Jamasmie | January 8, 2015
India coal miners end nationwide strike

About half a million coal miners in India have called off a strike, removing the threat of widespread power outages and a crippling coal shortage.

India's rocketing iron ore imports

Frik Els | January 7, 2015
India's rocketing iron ore imports

Still minuscule compared to China, but the subcontinent is now a net importer compared to shipments of 120 million tonnes per year before.

India coal strike the biggest industrial action since 1977

Cecilia Jamasmie | January 6, 2015
India coal strike the biggest industrial action since 1977

It is likely to cost the country 1.5 million tonnes of lost coal production a day.

Coal India unions on five day strike from Tuesday

The Hindu | January 5, 2015

An estimated five lakh employees in the coal industry will begin a five-day nationwide strike on Tuesday to denounce moves towards commercial mining of the fuel.

Gold smuggler on the run held at Chennai airport

The Times Of India | January 4, 2015

Immigration authorities at Chennai airport on Friday nabbed a man who is said to belong to an international gang of gold smugglers and is wanted in nine cases of smuggling gold through New Delhi airport.

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