India Mining News

China and India on aggressive electric vehicle push

China and India are rolling out plans to dramatically accelerate the adoption of electric vehicles (EVs), initiatives that have prompted the IEA to take notice and promise a review its long-term oil demand forecast.

Australian officials slam banks decision to refuse backing country’s largest coal project

The lenders’ move follow a decision by Australia’s second-largest bank Westpac to only fund new projects in existing, rather than new, coal basins as part of its new climate policy.

India’s Supreme Court won’t try forcing UK to return Kohinoor diamond

The court said it cannot interfere in the diplomatic process nor can it direct another country to not auction the gem.

Climate change and risks to fossil fuel industry: sustainability train has left the station

Burning coal, oil, and natural gas is responsible for two-thirds of humanity’s emissions of greenhouse gases, and yet provides more than 20% of GDP in two dozen nations.

Another potash mine coming soon to Canada’s Saskatchewan

Western Potash said it’s moving ahead with its Milestone project, expected to produce 146,000 tonnes of potash annually over 12 years of planned operations.

Potash producer Belaruskali to make new kind of fertilizer — report

The company is also said to be mulling a number of investment projects involving a Chinese chemical company.

Coking coal price soars past $300

Coking coal price has doubled in two weeks – storm damage to rail lines could affect Australian exports for another four weeks.

Australia ready to begin exporting uranium to India — Prime Minister

Shipments will start almost nearly three years after the two countries signed an export deal for peaceful power generation.

Vedanta CEO Tom Albanese to leave company in August

The news follows the exit of former Anglo American CEO Cynthia Carroll, who stepped down last month.

Polemic Carmichael coal project in Australia to get going as early as August

Work on the delayed mine to start shortly after the federal government grants it final approval, which is expected before the end of May.

World's top diamond miner Alrosa quadruples profit amid sector recovery

The Russian miner said profit attributable to shareholders totalled $2.25 billion (131.39bn roubles) last year, versus $530K (30.67bn) roubles in 2015.

Indian billionaire Agarwal goes after 12% of Anglo American

Deal would make of Volcan Investments Ltd., Agarwal's family trust, the second-largest investor in Anglo American.

After terrible 2016, Indian gold demand will recover: WGC

According to the World Gold Council, Indian gold demand has bottomed.

First orders under $455m potash deal for Vancouver junior

Encanto says will sign deal with existing producer to fulfil contract with state-owned Indian trader for 2m tonnes of potash per year.

Indian iron ore shipments up 169%

The amount of iron ore handled by India's ports has more than doubled in the period between April 2016 and January 2017.

BC Iron tries its luck in the potash industry

Joint venture with Kalium Lakes has added the Carnegie potash project in Western Australia to the company’s increasingly diverse project portfolio.

Global steel production is surging in 2017

Up 7% year on year across all regions, supporting rally in iron ore and rebound in coking coal prices.

World’s biggest miner hasn’t given up hope for potash

BHP Billiton still sees potash as a key commodity in which to base its future growth despite prices for the fertilizer remain weak.

Potash demand destruction likely in India, after gov't hints at subsidy cut

Already reeling from decades-low prices, potash miners are staring at another headwind, this time from India, a major importer of the crop fertilizer ingredient.

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.