As part of the agreement, Cameco will supply 7.1 million pounds (3.22 million kilos) of uranium concentrate to India over the next five years.
One of Australia’s leading uranium development proponents says the country’s natural advantage in delivering clean energy to meet growing global demand, is being eroded by the current policy differences between the states towards uranium exploration and mining.
Canada’s biggest uranium producer is in advanced talks with India on a deal to supply the country of 1.2 billion with fuel for nuclear power plants as Ottawa prepares to welcome Indian Prime Minister Narendra Modi.
New report shows In 2014 volume of gold traded in London, Shanghai, New York and around the globe was 3 times more than all the gold mined in human history.
Despite the overall pessimism, mining CEOs remain just as confident on their own company’s growth as they were in previous years.
Unprecedented meltdown continues as iron ore price suffers worst trading day in more than year on Thursday bringing weekly loss to eye-watering 15%.
As several miners are in the process of shedding non-core operations to survive the current squeeze on the industry.
Gold has not surprisingly found a back door into India, despite import restrictions on the yellow metal that were only recently lifted.
ANZ predicts that as incomes rise across Asia, particularly in China and India, so will the appetite for gold rings and necklaces.
According to Timetric’s Mining Intelligence Center (MIC), Asian mines are transitioning towards digital mining, as demonstrated by continuing investment in design software and mine surveying.
The move comes amid an ongoing collapse in commodity prices.
According to analysts from Credit Suisse, Chinese importers will settle at $320 a tonne, versus $305 a tonne they paid last year.
PDAC delegates in Toronto told overnight that emerging powerhouse economies would drive the future global demand for uranium, nowhere more so than that from China and India.
While the earth contains enough potash to meet the increased global demand for crop production, some regions lack potash deposits needed for optimal food crop yields, the latest global assessment of the resource by the USGS shows.
India's government says to be committed to bringing transparency in the allocation of natural resources including coal.
Thermal coal prices have jumped 22% in a month as mines close. Surging Indian imports, set to overtake China's in 2015, will support prices longer term.
Australian uranium could end up in India’s nuclear weapons program thanks to concessions the Abbott government made in the deal between the two countries, two nuclear experts have warned.
Indian police want to arrest top Australian mining chief executive Bruce Munro, as part of a criminal investigation into allegations he "cheated" a business partner in a multibillion-dollar coal deal.
India is back to being the number one consumer of gold, knocking China off the top of the podium as the country that consumed the most bullion in the form of gold bars, coins and jewelry, in 2014.
Jayant Bhandari advises funds and institutional investors on investing in India, and has commented on India’s impact on world gold demand for Sprott’s Thoughts.
Down nearly a third in 2014 as anti-corruption drive curbs conspicuous consumption and investment money flows into Shanghai stock market.
The company pointed to the transition of its Argyle mine from open pit to underground, as well as a shift toward processing lower-grade ore at Diavik as the main reasons for the drop.
Kiran Gems, the world’s largest manufacturer of diamonds, participated in the 12th Mumbai Marathon on Sunday, January 15, 2015. The top brass of the organization, namely Mavji Patel, the managing director, Dinesh Lakhani and Rajesh Lakhani, both directors, along with 15 other employees came out in support of humanity and participated in this event.
The World Gold Council (WGC) and the Shanghai Gold Exchange (SGE) have signed memorandum of understanding on a comprehensive strategic gold cooperation agreement.
An environmental group is attempting to radically change the way mining projects are assessed with a court case involving Adani's controversial coal mining complex in Queensland.
Ceo Sam Walsh has said the firm expects to start exporting Australian uranium to India by 2017.
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