India Mining News

Vancouver junior inks $1 billion a year potash deal

Encanto closes deal to supply minimum 5m tonnes of potash per year to Indian farmers for the next 20 years.

World Bank on a Trump economy and commodities

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.

‘Trump effect’ on resurgent Iranian mining sector close to none — analysts

Any re-instatement of sanctions will, if at all, pose minimal additional hurdles to new investors, BMI Research says.

Indian state leases land for uranium exploration

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.

A new diamond industry

The esoteric diamond industry has never been more interesting to observe and challenging to predict.

Coal-fired power plant in India makes baking soda out of carbon dioxide

System uses a new proprietary solvent that is reportedly slightly more efficient than those used conventionally, requiring less energy and smaller equipment.

Gold close to 4-week high on weaker dollar, surging demand

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.

Death toll at India coal mine cave-in climbs to 18

The number of casualties from a coal mine accident in India has risen to 18, nearly doubling the 10 found dead soon after the Dec. 29 incident.

At least 12 dead after coal mine collapse in India, Myanmar jade mine landslide

Two separate mining accidents in India and Myanmar have together claimed the lives of a dozen miners, though the death toll may rise as the search for bodies continues.

De Beers latest diamond sales hit by India’s demonetization

The diamond producer by value sold $418 million of gems in its 10th cycle, compared with $476 million at its previous offering, which shows demand has slowed since India's withdrawal of high-value bills.

Global rough diamond production about to reach its peak

Global rough diamond production will reach its peak in only three years before entering into a supply deficit by 2020, two separate reports show.

INTERVIEW: Jayant Bandar on India, chaos, and gold restrictions

Jayant Bhandari, the host of highly acclaimed ‘Capitalism & Morality’ sits down with Maurice Jackson of ‘Proven & Probable to discuss the current events unfolding in India since Nov. 8, when Prime Minister Modi removed 88% of the currency.

De Beers invests $5 million to expand India’s diamond grading unit

Move takes the group’s total investment in the Indian city of Surat, which has the largest concentration of diamond skilled workers in the world, to $15 million.

Gemfields postpones emerald auction over India's ‘demonetization’

The auction of emeralds from the miner's Kagem operation in Zambia will now be in February.

Queensland groups launch campaign to support Adani’s Carmichael coal project

As Adani’s Carmichael project continues to gain momentum with the confirmation of construction commencing in 2017, community and industry groups have launched a support campaign on social media.

Gold demand plummets as central banks, consumers hold off — WGC

Consumer demand for jewellery, coins and bars, dropped by a quarter as high prices slowed down acquisitions from top consumers China and India. Investments, however, were up by 44%.

Canada’s Quebec injects $130M into Tata Steel Quebec-Labrador iron ore project

Financing consisted of a loan of $50 million from Investissement Quebec along with $125 million for an 18% equity stake in TSMC through Ressources Quebec.

Weak commodities put infrastructure growth in emerging markets at risk — BMI

Countries heavily reliant on their extractive sectors need to step up efforts to lure investors or they will see their infrastructure sectors stalled, warn analysts.

Aussie iron ore magnate Rinehart invests in UK's biggest potash mine

Sirius Minerals’ York mine is expected to be one of the world’s largest in terms of the amount of resources extracted, generating an initial 10 million tonnes of polyhalite per year.

Clinton, Australian anti-coal activists, and Wikileaks

According to Wikileaks, activists opposing Adani's Carmichael coal mine in Australia have been receiving funding from an American organization.

Peabody Energy in restructuring talks with lenders, stakeholders — sources

Peabody circulated a term sheet last week that implied the first lien debt would be impaired, prompting an organizational push, MINING.com has learned.

Physical gold market in largest surplus in a decade

New report shows higher gold price during third quarter sparked 20% surge in global scrap supply even as jewellery sales in Asia fall to multi-year lows.

This chart will give hope to gold price, India bullion bulls

Gold's retreat in October is spurring physical buying in Asia.

Controversy surrounds South African coal mine

Atha-Africa's Yzermyn project sits in the Mabola protected area.

Is clean coal an option for India?

The accumulated benefits of implementing CCS at a large scale, given careful planning and prudent execution, could outweigh the one-time cost.