He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.
India Mining News
The company, India's biggest local steelmaker, aims to be producing 80% of the iron ore needed for its flagship plant in south India in three years time
According to the World Coal Association, India will need to ally with countries including the US, Japan, and Australia, to get cheaper funding from multilateral development banks to access cleaner technology.
Moscow wants state-owned Alrosa to offer more favorable terms to local cutters
A TV ad featuring a famous radio broadcaster is pushing to ‘stop the taxpayer loan’ to the Indian group
"We have seen the interest of clients from Asia Pacific," the company’s Vice President said
The world’s largest rough diamond producer by value reported provisional revenue of $505 million compared with $639 million in the same period a year earlier.
India’s very first uranium mine now hosts a laboratory for conducting experiments in fundamental physics
The Indian Commodity Exchange Limited (ICEX) will start trading in 1 carat/100 cent contracts, to later add 50 cent and 30 cent contracts.
Who buys more gold, Malayalis or Tamilians?
Tata Steel has just inaugurated India’s first solar power project located at an iron ore mine
The diamond giant said customers began buying rough diamond earlier than usual so they can complete their polishing before Diwali begins.
India's gold imports in June more than tripled from a year ago
Physical demand for gold has been surging in India since January.
Just when you thought coal was out, the fossil fuel appears to be back on the burner.
Chinese steel mills are turning their backs on India and embracing Australia as a source of higher-grade ore for steelmaking.
Coal India, responsible for about 82% of the nation's total coal output, said the closures would save around 8 billion rupees ($124 million).
Before construction begins, activist groups are making sure to continue to speak up against the $16bn Carmichael coal mine
India and Kazakhstan have discussed ways to expand their ties as Prime Minister Narendra Modi held a bilateral meeting with Kazakh president Nursultan Nazarbayev in Astana.
Despite opposition from organizations ranging from the United Nations to green groups and locals, work on the multibillion-dollar mine is expected to begin by September.
Power from solar panels now half the cost of a new coal plant
Company called Pallinghurst Resources' bid “derisory”, adding it "clearly undervalues" the firm.
China and India are rolling out plans to dramatically accelerate the adoption of electric vehicles (EVs), initiatives that have prompted the IEA to take notice and promise a review its long-term oil demand forecast.
The lenders’ move follow a decision by Australia’s second-largest bank Westpac to only fund new projects in existing, rather than new, coal basins as part of its new climate policy.
The court said it cannot interfere in the diplomatic process nor can it direct another country to not auction the gem.