India

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.

India’s Supreme Court revises judgment on illegal coal blocks

Cecilia Jamasmie | September 9, 2014
India’s Supreme Court revises judgment on illegal coal blocks

It won't announce its verdict on the matter until an unspecified later date.

Gold demand to soar as festive season kicks off in India

Cecilia Jamasmie | September 9, 2014
Gold demand to soar as festive season kicks off in India

But investors hoping the festive season in the world's second-largest gold buyer will boost the metal’s ailing price are likely to be disappointed, analysts say.

Frik Els

How the India-China trade summit could rock iron ore

Frik Els | September 8, 2014
How the India-China trade summit could rock iron ore

Reviving the China-India ore trade which peaked at 120mtpa in 2009 could be part of a grand bargain when Modi and Xi meet for the first time in New Delhi.

Australia signs uranium export deal with India

Cecilia Jamasmie | September 5, 2014
Australia seeks deal to sell uranium to India

The country lifted a long-standing ban on selling uranium to energy-starved India in 2012 and both have been negotiating a nuclear safeguards agreement since then.

The case for a September gold price surge

Frik Els | September 1, 2014
The case for a September gold price surge

Historically holding gold going into September reaps investors a more than 3% return.

Coal shortage cripples half of India’s power plants

Cecilia Jamasmie | August 29, 2014
Coal shortage cripples half of India’s power plants

They barely have enough to last a week, the lowest level since one of the world's worst blackouts hit the country in 2012.

Potash: Come back Baumgertner, all is forgiven

Frik Els | August 28, 2014
Potash: Come back Baumgertner, all is forgiven

One year after Vladislav Baumgertner blasted the global potash market wide open, the now ex-Uralkali CEO's predictions seem to be playing itself out.

Why short-term slowdowns are great

Oreninc | August 27, 2014
Why short-term slowdowns are great

Better footing in the long term.

Over 200 coal mining licences deemed illegal by India’s Supreme Court

Cecilia Jamasmie | August 25, 2014
Over 200 coal mining licences deemed illegal by India’s Supreme Court

The country’s top court will decide on whether to revoke those permits in a series of hearings starting September 1.

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