India

India's Jindal Steel mothballs $10bn coal project

Cecilia Jamasmie | November 24, 2014
India's Jindal Steel mothballs $10bn coal project

The company became the first major casualty of a Supreme Court decision to scrap most coal fields allocated to private firms since 1993.

Canpotex signs potash deals with India

The Star Phoenix | November 25, 2014

The offshore marketing arm of three Saskatchewan potash producers has signed separate multi-year sales agreements in India with Coromandel International Ltd. (CIL) and Tata Chemicals Limited (TCL) that the province says will see millions of tonnes of potash shipped to India.

India readies draconian gold import rules

Frik Els | November 18, 2014
India readies draconian new gold import rules

New measures to curb rocketing imports expected within days.

Coal rush in India could tip balance on climate change

New York Times | November 18, 2014

Decades of strip mining have left this town in the heart of India’s coal fields a fiery moonscape, with mountains of black slag, sulfurous air and sickened residents.

Blood diamonds still at Central African mining sector’s heart

Cecilia Jamasmie | November 18, 2014
Blood diamonds still at Central Africa mining sector’s heart

A year after an export ban on raw gems in the country, reports show its diamonds are being sold to traders from Sudan to Belgium.

Adani lines up $1bn for Australia’s Carmichael coal complex

Cecilia Jamasmie | November 18, 2014
Adani lines up $1bn for Australia’s Carmichael coal complex

The mine and rail project in Queensland's Galilee Basin is expected produce 60 million tonnes of thermal coal a year.

India's uranium pact with Australia going full speed ahead

Mineweb | November 16, 2014

Kept away from international nuclear trade dialogue for several years for not being a signatory to the nuclear non proliferation treaty, India has finally got the go-ahead from Australia, which is to ship uranium to India.

India back to being world’s top gold consumer

Cecilia Jamasmie | November 13, 2014
India back to being world’s top gold consumer

Global demand, however, fell to its lowest in nearly five years as Chinese buying slid by a third.

Mick the Miner in talks to buy Anglo’s assets, no deal tabled

Cecilia Jamasmie | November 3, 2014
Mick the Miner in talks to buy Anglo’s assets, no deal tabled

Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.

India closer to ending decades-old state monopoly on coal

Cecilia Jamasmie | October 24, 2014
India closer to ending decades-old state monopoly on coal

The country is opening coal mining to private firms.

Asian gold demand up as India’s Diwali boost sales

Cecilia Jamasmie | October 23, 2014
Asian gold demand up as India’s Diwali boost sales

The World Gold Council predicts that India will import 850 to 950 tonnes of gold this year.

India diamond merchant boss gives 500 cars, 200 apts to employees

Cecilia Jamasmie | October 21, 2014
India diamond merchant boss gives 500 cars, 200 apts to employees

He has also insured 280 employees who have been with the company for more than a decade to the tune of $160,000 each.

Supreme Court-appointed panel raps Jindals, 13 other firms for flouting mining rules

DNA India | October 19, 2014

The central empowered committee (CEC), constituted by the Supreme Court, has called the relationship between Sharda Mines (P) Ltd (SMPL) and Jindal Steel and Power Ltd (JSPL) unholy and illegal.

Mick Davis has now almost $5 billion to build new mining empire

Cecilia Jamasmie | October 15, 2014
Mick Davis has now almost $5 billion to build new mining empire

The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."

JSW Steel close to acquiring London Mining

Andrew Topf | October 12, 2014
Takeover 333

JSW Steel has almost clinched a deal that would see India's third-largest steel company acquire embattled London Mining (LON:LOND), sources close to the negotiations revealed on Friday.

Queensland wants coal waste to be dumped onshore, not near reef

Cecilia Jamasmie | October 7, 2014
Queensland wants coal waste to be dumped onshore, not near reef

The state government submitted an application to the federal government for 3mn m³ of dredging material to be disposed on land.

India poised to overtake China as world’s largest coal consumer

Cecilia Jamasmie | October 6, 2014
India poised to overtake China as world’s largest coal consumer

The country continues to battle chronic power shortages that are crippling its growth.

UK authorities to review bid for $2.7bn potash project in national park

Cecilia Jamasmie | September 30, 2014
UK authorities to review bid for $2.7bn potash project in national park

Analysts say this is “make or break” time for the company behind the massive mine, Sirius Minerals.

Solar power to replace coal as world's top electricity source by 2050 — IEA

Cecilia Jamasmie | September 29, 2014
Solar power to replace coal as world's top electricity source by 2050 — IEA

Coal currently generates about 36% of global electric power, according to the energy watchdog.

India’s biggest underground coal mine opens next month

Cecilia Jamasmie | September 29, 2014
India’s biggest underground coal mine opens next month

With an annual capacity of 2.8 million tonnes the mine is expected to help feed the country’s starved power stations.

World Gold Council bullish on demand, ETFs role

Cecilia Jamasmie | September 26, 2014
World Gold Council bullish on demand, ETFs role in the market

Industry body sees demand rising as economic growth lifts consumers’ incomes.

Gold smuggling into India hits new record highs

Cecilia Jamasmie | September 26, 2014
Gold smuggling into India hits new record highs

About 50 tonnes of the precious metal reportedly made it into the country only in the past 10 days.

India’s top court cancels over 200 coal licences

Cecilia Jamasmie | September 24, 2014
India’s top court cancels over 200 coal licences

It only spared four of the licences granted since 1993.

Sneaking it anyway: When it`s taboo to buy gold in India

Mineweb | September 23, 2014

Pitru Paksha is upon us, a time when it is considered bad form to make deals of any sort. But times are changing.

Iron ore rally turning into dead cat bounce

Frik Els | September 16, 2014
Iron ore rally turning into dead cat bounce

After 4% surge on Monday, benchmark prices resume slide.

India gold imports rocket 176%

Frik Els | September 15, 2014
India gold imports rockets 176%

But domestic premiums of just $5 an ounce show demand is not as frenzied as last year when gold traders demanded as much as $170 above London price.

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