Fitch Solutions Macro Research states that bauxite production growth will remain high over the coming years, as new projects come online in Australia, Indonesia expands exports, India’s production ramps up, and existing projects in Guinea drive growth.
India Mining News
Zamin Ferrous alleges that the passing of a new mining law turned out to be a major change in the game rules in the South American country.
The market research firm states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong.
The resolution seeks to amend laws in Goa so that existing miners can continue to extract ore for about 20 years.
He has been given more time to make a firm offer or walk away from a deal to buy out minority shareholders in Vedanta Resources for 778 million pounds ($1 billion).
Chigargunta-Bisanatham will be an underground mine and it would mark the first time the NMDC develops this type of operation.
Billionaire Anil Agarwal in July said he planned to offer around $1 billion to take London-listed Vedanta Resources Plc private, a move that has rekindled speculation his ultimate aim is a deal with miner Anglo-American.
Adani is looking to buy mines in countries such as Indonesia and is securing financing for its Carmichael mine in Australia amid challenges from environmental groups concerned about climate change and potential damage to the Great Barrier Reef.
The smelter was shut down in May after 13 people died after coming under police fire during violent protests over alleged pollution.
"In last few days the rupee and international prices are moving in favour of buyers. Jewellers are placing orders," said a Mumbai-based dealer.
Over 80 percent of the total workforce earn a piece rate of 1 to 25 rupees for each stone they polish and have no social benefits.
The rupee hit a record low in the last week of June and has lost nearly 8 percent so far in 2018. Local gold prices have risen more than 5 percent.
After two years of at times fraught talks, the two steel firms last Saturday signed an agreement to create Europe's second-largest steelmaker.
Indians’ love affair with gold is cooling.
Billionaire Anil Agarwal faces investor resistance to his $1 billion bid to buy out minority shareholders in Vedanta Resources and take the London-listed Indian miner private.
Vedanta "can be the second- or third-largest resource company in the world."
Thyssenkrupp's joint venture with Tata Steel - to be named Thyssenkrupp Tata Steel - will have around 48,000 workers and about 17 billion euros in sales.
India's equivalent of NASA will launch a rover in October to explore virgin territory on the lunar surface and determine the potential for mining a source of waste-free nuclear energy that could be worth trillions of dollars.
South African units of Jindal Steel & Power Ltd. filed for a local form of bankruptcy protection known as business rescue this month.
The Competition Commission of India green-lighted the $4.1 billion deal reached in May between the Canadian potash giant and China’s Tianqi Lithium.
Vedanta is considering options including lay-offs for some of the 2,000 employees of its iron ore business that was shut down by a court.
China now has the fastest development of EVs in the global market.
A study conducted by researchers at Duke University found high levels of uranium contamination in India’s groundwater supply.
Benchmark spot gold prices have moved since last Friday's close, with the spread between its highs and lows the narrowest of any week since August 2007.
ScotiaMocatta is curtailing lending to the physical metals supply chain and would refocus on major corporate clients.