Work on the delayed mine to start shortly after the federal government grants it final approval, which is expected before the end of May.
India Mining News
The Russian miner said profit attributable to shareholders totalled $2.25 billion (131.39bn roubles) last year, versus $530K (30.67bn) roubles in 2015.
Deal would make of Volcan Investments Ltd., Agarwal's family trust, the second-largest investor in Anglo American.
According to the World Gold Council, Indian gold demand has bottomed.
Encanto says will sign deal with existing producer to fulfil contract with state-owned Indian trader for 2m tonnes of potash per year.
The amount of iron ore handled by India's ports has more than doubled in the period between April 2016 and January 2017.
Joint venture with Kalium Lakes has added the Carnegie potash project in Western Australia to the company’s increasingly diverse project portfolio.
Up 7% year on year across all regions, supporting rally in iron ore and rebound in coking coal prices.
BHP Billiton still sees potash as a key commodity in which to base its future growth despite prices for the fertilizer remain weak.
Already reeling from decades-low prices, potash miners are staring at another headwind, this time from India, a major importer of the crop fertilizer ingredient.
Forevermark, the diamond brand from The De Beers Group of Companies, today announced it has passed 2,000 retail doors globally, following the opening of the Zen Diamond Anatolium store in the city of Bursa in Turkey. The milestone consolidates Forevermark’s position as one of the world’s fastest-growing diamond brands.
Gold prices of late have been testing support just under the market, if you will, preparing for a healthy rally into higher territory.
Coal has washed up very close to the UNESCO World Heritage Site, Australian authorities said, following an investigation into complaints of black dust on nearby beaches.
The world's top diamond producer by output in carats fetched $358 million in rough gems and $7.28 million in polished rocks last month.
The Madhya Pradesh government will take ownership of the assets, including all the land, plant, equipment, and diamond samples recovered during exploration.
Study shows global surplus of gold jumped to highest since 2005 at the end of last year while worldwide jewellery fabrication is back at 1988 levels.
Domestic gold production could double in 2017 – to 100,000 ounces.
The world's top diamond producer sold $720 million of rough gems at its January offering as retailers restocked after the holidays.
Encanto closes deal to supply minimum 5m tonnes of potash per year to Indian farmers for the next 20 years.
World Bank's 2017 outlook says US impact on commodity markets diminished, but it's still number 1 for oil and number 2 in copper, aluminum and lead.
Any re-instatement of sanctions will, if at all, pose minimal additional hurdles to new investors, BMI Research says.
As a uranium miner, India isn't in the same league as the world's top producers, but its status could rise if upcoming exploration programs are successful.
The esoteric diamond industry has never been more interesting to observe and challenging to predict.
System uses a new proprietary solvent that is reportedly slightly more efficient than those used conventionally, requiring less energy and smaller equipment.
Analysts believe the upcoming Chinese New Year celebration will likely result in some physical restocking of metal in that country as well as India, the world’s top consumers.