India Mining News

India to seek $15 billion of investment to double mining output

India expects to woo 1 trillion rupees ($15 billion) of investment over five years to double mining output and cut mineral imports.

Gold spending in India is set to get a boost from a strong monsoon season

Since before recorded human history, the people of India have had an insatiable appetite for gold, treasuring it not only for its flawless natural beauty and religious significance but also as a superb store of value.

Rio Tinto walks away from India Bunder diamond project

The project, discovered in 2004, was expected to generate about 30,000 jobs and produce up to 3 million carats a year.

Adani $12 billion Carmichael coal project clears latest hurdle

A federal court dismissed challenge from a traditional owner to mining permits for the mine.

If you own no gold, you may want to buy some — Jeffrey Nichols

Nichols, a senior economic advisor to precious metals asset firm Rosland Capital, is on board of the bull wagon — he expects the metal price to rise before Jan 1. 2017.

Earth Alive signs exclusive multi-year distribution agreement with Brenntag Canada for its EA1 microbial technology

EA1 is a 100% organic and biodegradable product that uses the latest advances in microbial technology to control soil born dust emanations.

India to tap into Russia’s undeveloped coal, iron ore deposits

Cooperation agreements between the nations would guarantee India fresh supply of Russian coal, liquefied natural gas (LNG), diamonds and fertilizers.

CHARTS: Maybe India can ignite new commodity supercycle

Rapid, large-scale urbanization will see India's top three cities rival the combined economies of Vietnam, Philippines and Malaysia.

Lenders throw a lifeline to bankrupt Peabody Energy

The coal giant also said it would review its assets in Australia to run a smaller but "more profitable" basis.

Indians plow 2.95 tonnes of gold into banks

The Indian government's plan to incent households to hand their gold over to banks in return for interest payments appears to be working.

Anglo American declines merger offer from Vedanta

Vedanta Resources’ chairman Anil Agarwal allegedly approached Anglo in several opportunities earlier this year to discuss potential tie-ups.

Canada invests $133 million in Tata Steel Quebec-Labrador iron ore project

Deal comes at a time of improved steel demand from China and mimics an effort by the UK government to rescue Tata Steel's Port Talbot operations to save jobs.

India's gold trade is imploding

Indian bullion drops to $65 discount to the global gold price despite imports falling off a cliff.

This map shows you which countries have most of the world's gold

Most of the total gold reserves (88%) are held by only 20 countries.

China signs long-delayed potash deal with Belarus at 30 pct less than last year’s price

Analysts see the long-awaited deal to sell potash to Chinese buyers as good news for the beleaguered sector, even though the agreed price is dramatically lower than last year’s.

Indian coal push hurting Indonesian exports

India's status as a major coal importer is starting to wane, and that is having a negative effect on a major supplier: Indonesia.

Coal India, Gov't unfairly snapped up lands for mine expansions — Amnesty

Coal India, which produces more than 80% of the country’s coal, plans to increase annual output to about 1 billion tonnes in the next four years.

Global mining equipment market to reach $156 billion by 2022 — report

Product launch and acquisition are the key growth strategies adopted by the leading market players, such as Caterpillar and Komatsu, to strengthen their foothold in the market.

Australia’s uranium polluting the Antarctic — scientists

Australia has about 40% of the world's uranium reserves and exports nearly 7,000 tonnes of yellow cake annually.

India miners rally as cabinet approves mineral exploration rules

Delhi wants to open up mining of gems and precious metals and cut reliance on imports.

Belarus to sell India potash at lowest price in a decade

Price is about a third less than last year's level as global supplies of the crop nutrient exceed demand.

Potash price surge could lead to higher food costs for billions

We are on the precipice of a food fight among 7 billion people, and potash will be right at the center of it.

Russia-Belarus potash pact may stage a comeback

Belarus has said it might cooperate with Uralkali, in the first sign the two sides might work together since the Russian potash producer broke off their business alliance in 2013.

The world's 50 most valuable mining companies

Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.

Sirius Minerals lines up contractors for huge potash mine, may lower cost estimates

Sirius' mine, located beneath a U.K. national park, is set to generate an initial 10 million tonnes per year of polyhalite – a form of potash.