We are praying that they come out alive - Meghalaya Chief Minister Conrad Sangma
India Mining News
If prices come down, we might see some buying because both the new year and the Chinese new year are coming up.
A judgment on the smelter will be uploaded on the court's website in a week's time, after which there will be no further hearings on the case.
Sentiment in gold is shrinking and if the price doesn't change demand will decline
State authorities permanently shut down the Tamil Nadu plant after police fired on protesters calling for the closure of the plant in May over concerns it was polluting their air and water.
Taking a big step closer to building the long-touted project that has faced fierce resistance from green groups.
The company was not given any notice or opportunity to explain its position.
Global iron ore production will grow due to mine expansions in Brazil and increasing output from India.
Local gold prices were trading near their lowest since Oct. 1, as an appreciation in the rupee made buying overseas cheaper.
Raiding a little more than half of the $95 billion foreign-currency and gold revaluation account would force the RBI to sell an identical proportion of the related assets, or $190 billion. That would trigger a “cataclysmic deflationary shock” for the economy.
The Tamil Nadu state disconnected the smelter's power supply in May following anti-pollution protests that turned violent and culminated in the police opening fire, killing 13 protesters.
Dealers in India were charging a premium for the first time since early September -- of up to $3 an ounce over official domestic prices this week.
Following the news, NMDC shares fell as much as 7.4 percent to 99.20 rupees, their lowest since July 25, marking their biggest single-day fall since Aug. 9.
ArcelorMittal's entry into India comes at a time when Indian steel demand is growing at the fastest pace in the world.
Total revenue from operations jumped 63% to 99.82 billion rupees, while revenue from its iron and steel segment surged 73 percent to 86.45 billion rupees.
De Beers is famous for its tight control over the diamond market.
ALROSA's total diamond sales in January-October 2018 grew 6% YoY.
We were initially skeptical about Diwali demand but it jumped this week, despite higher prices - Harshad Ajmera, the proprietor of JJ Gold House
Diwali is just a week away but there is no improvement in demand.
From January to September, scrap copper shipments from the United States fell 13.8 percent.
Aanalysts expected the miner to post a profit of 12.68 billion rupees.
The plants haven’t been running at full capacity after the court ruled last year that a change in regulations overseas couldn’t be a ground for increasing power prices.
Gold demand in this years Dusherra falls by 40% in some pockets.
In the near term, coal remains to be the hot topic in India.
Mountain Province Diamonds is a 49% participant with De Beers in the Gahcho Kué diamond mine.