India Mining News

Gold price dip bolsters festive demand in India; premiums slip in China

Gold futures in India fell to 31,240 rupees per 10 grams last week, the lowest in more than four months and down 8.2% from a 2019 high of 34,031 rupees hit in February.

Diamond tycoon fails in third UK bail attempt as assets frozen

Fugitive diamond merchant Nirav Modi’s third attempt to get bail has been denied by a UK court.

Gold imports by India are said to have jumped ahead of festival

Inbound shipments grew to 121 tons last month from 52.8 tons a year earlier.

Gold glitters in India during key festival as prices dip

A rise in consumption by the world's second-biggest gold consumer could help global prices which are currently hovering near a 4-month low.

Asia gold – lower prices, festive demand boost purchases in India, Singapore

Gold demand was robust in India and Singapore this week as a correction in prices ahead of a key gold-buying festival boosted purchases.

Gold demand up 7% in Q1, boosted by central banks, India

Continued gold buying from central banks and the wedding season in India helped to boost gold demand in Q1.

Indian zinc miner sees output rebounding in 2019/20 financial year

Hindustan Zinc, the world's second largest zinc miner, expects its output to grow in 2019/20 after a drop in the previous financial year,

Still a way to go to achieve gender balance in the mining industry

According to the Responsible Mining Foundation, most of the companies assessed show little or no evidence of efforts to strengthen the gender balance of their leadership and governance teams.

India’s 2019 elections bode well for mining sector — report

The results of the election will be released May 23.

World's central banks want more gold as India joins spree

Heightened geopolitical and economic uncertainty pushed central banks to diversify their reserves and focus on investing in safe and liquid assets.

Billionaire's copper plant, job losses pressure a key Modi ally

In Tamil Nadu, a small breakaway group is attempting to make inroads in one district by promising to shutter a copper smelter run by mining giant Vedanta Ltd.

Coal's collapse crowns winners and losers from China to the US

It’s been a stormy month for benchmark coal prices in Asia, with the potential for reverberations across the globe.

India’s state copper miner plans $800m expansion

Hindustan produces around 40,000 tonnes of copper per years, but the company plans to increase production to around 200,000 tonnes by 2025.

China gold demand firms, price dip adds to festive sparkle in India

In China, premiums of about $13-$15 were being charged over the benchmark, marginally higher than last week's $12-$14 range.

Plan to mine the moon gives Australia opening in new space era

Australia is joining the growing number of nations looking to compete in space. Its advantage? Half the country already looks like Mars.

Iron ore prices shift structurally higher on Vale woes

Iron ore prices in China reached a record high on Tuesday as market participants wrestled two dilemmas, namely the weather-related disruptions from Australia and the safety outages in Brazil.

30 countries face higher resource nationalism risk — report

On the upside, the RNI report shows that 24 nations have seen improvements in their index performance.

Silver demand in India set for 4-year high on farm cash payout

Silver prices in India have been relatively stable for the last two years, and are about half their 2011 peak.

Mining's dirty secret faces a climate reckoning

Producing a single metric ton of steel in a blast furnace typically releases around 2.3 tons of carbon dioxide, not much less than you’d get from burning a ton of thermal coal for energy.

Homecoming costs tycoon $7B in year of legal drama

ArcelorMittal is finally nearing the end of a yearlong battle to break into India with the $5.9 billion acquisition of Essar Steel India Ltd.

Indian gold flips to premium as appetite improves in most hubs

Physical gold demand picked up pace in major Asian hubs this week, with bullion being sold at a premium for the first time in more than three months in India.

Asia Gold-India demand picks up as prices dip; buyers eye further correction

Gold priced in yen rose to its highest level in more than a year last week.

India, Singapore buyers cash in on slight price correction

This is a good time for people looking to buy gold, especially businesses.

Adani Enterprises could wait up to two years for Carmichael mine approval

Carmichael is one of the world's biggest greenfield coal projects in recent years.

Coal going from winner to loser in India's energy future

The problem is not its reserves, productions costs, or transportation. Renewable alternatives are just cheaper.