India Mining News

De Beers Forevermark passes 2,000 global retail doors

Forevermark, the diamond brand from The De Beers Group of Companies, today announced it has passed 2,000 retail doors globally, following the opening of the Zen Diamond Anatolium store in the city of Bursa in Turkey. The milestone consolidates Forevermark’s position as one of the world’s fastest-growing diamond brands.

Interest rates, inflation, and Trumpian troubles point up for gold

Gold prices of late have been testing support just under the market, if you will, preparing for a healthy rally into higher territory.

Coal dust near Great Barrier Reef worries scientists, environmentalists

Coal has washed up very close to the UNESCO World Heritage Site, Australian authorities said, following an investigation into complaints of black dust on nearby beaches.

Russia’s Alrosa January sales up 60%

The world's top diamond producer by output in carats fetched $358 million in rough gems and $7.28 million in polished rocks last month.

Rio Tinto gives shelved diamond mine to central Indian state

The Madhya Pradesh government will take ownership of the assets, including all the land, plant, equipment, and diamond samples recovered during exploration.

Gold price: Physical demand from India, China craters

Study shows global surplus of gold jumped to highest since 2005 at the end of last year while worldwide jewellery fabrication is back at 1988 levels.

India's minuscule gold mining industry

Domestic gold production could double in 2017 – to 100,000 ounces.

De Beers has just sold largest amount of rough diamonds in a year

The world's top diamond producer sold $720 million of rough gems at its January offering as retailers restocked after the holidays.

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.