India Mining News

Three-way claim between UK, India and Pakistan set for Koh-i-Noor diamond

Pakistani court agrees to hear claim for diamond from Crown Jewels, once the world’s largest known diamond.

India mulls key investment to set iron ore plants in Iran

According to official figures, Iran has now more than $10 billion of investment pledges under its belt.

New Indian rule backfires, boosts unofficial gold trade

The government's latest attempt to control gold imports has boosted unofficial trading in the world's second-biggest gold consumer.

Despite De Beers and Rio's efforts, global diamond output to jump 1.3% this year

The miners concerted effort to limit global diamond supply is forecast to be offset by stable Russian production, new mines, and production increases by Dominion Diamond and Petra Diamonds.

Coal dropped from Vietnam’s future energy plans

Prime Minister's decision wipes out plans to construct 70 large new coal power plants, in favour of gas, and renewables, such as wind and solar.

Rick Mills: How to profit from the demands of a growing world population

As the world prepares to house, feed and care for 9.7 billion people, Ahead of the Herd founder Rick Mills is looking for the companies that will profit from the silent tsunami of demand creeping up on resource and healthcare providers.

Tata Steel scales down iron ore mining at Canada facility

The company cited “challenging conditions” in the steel and iron ore markets as the main reason for such decision.

India's gold bonds seen luring investors in search of safe haven

The second tranche of India's sovereign gold bonds, whose sale began on Monday, is likely to draw good response from investors.

India to end decades-old state monopoly on coal mining

Delhi is hoping the measure will reduce the nation’s reliance on coal imports.

Sirius Minerals to supply 500,000 tonnes of fertilizer a year to Chinese firm

The offtake deal with Huaken International is for seven years from the moment the York Potash mine is up and running.

Gold price: Worries about Chinese, Indian physical demand

In India December quarter gold sales could be the worst in 8 years; in China chain stores are closing and jewelry manufacturers are going out of business.

Australia ok’s vast coal port expansion near Great Barrier Reef

The expansion work will require dredging 1.1 million cubic meters of seabed near the Great Barrier Reef Marine Park.

Joy Global swings to loss, cuts dividend

The mining equipment maker said business conditions continue to be tough mostly due to a slower-than-expected recovery in the global economy and weak commodity prices.

Aussie court clears way for $12bn Carmichael coal mine

With the ruling, the massive Carmichael coal mine and rail project has moved one step closer to final approval.

Adani wants opposition to its coal mine in Australia to be over by law

The company wants an "indisputable and final" go-ahead for Carmichael, considered Australia’s largest thermal coal project ever.

India won’t replace China as top resources consumer

India can support better an agrarian, low-earning, population than China can, which is a limit to growth in itself. 

Rio Tinto unveils one of largest diamonds ever found in Canada

The 187.7-carat Diavik Foxfire diamond will be showcased in London before returning to Antwerp for detailed assessment.

World’s two biggest miners walking away from coal, but they are not telling

BHP Billiton and Rio Tinto have significantly cut their investments in coal, while repositioning behind the scenes.

Rio Tinto conducts inaugural rough diamond viewings in India

Rio Tinto’s diamonds business has just completed its inaugural rough diamond viewing at the India Diamond Trading Centre in Mumbai’s Bharat Diamond Bourse.

Drought pushing Indian gold demand to 8-year low

Gold purchases during the all important festival season set to be lowest since 2007, as two years of drought erode rural Indian's buying power.

Traditional land owner tells court Adani misled tribunal over mine's benefits

A traditional owner of the site of Australia’s largest proposed coal mine has alleged in court that Indian miner Adani misled a tribunal that cleared the way for the mine.

Gemfields shares soar on ‘knock out’ auction results

The emeralds and rubies miner raised $19.2 million from its recent auction in Jaipur, India.

Global coal imports heading for second year of ‘dramatic’ drops

The EIA says China and India are to blame, as imports from both nations — which from 2008 to 2013 accounted for 98% of the increase in world coal trade —are on their way down.

India monetizes 14 ounces of gold

Indian households sit on 20,000 tonnes and the Modi government's two-week old scheme to bring gold into the financial system looks like a spectacular flop.

Rio Tinto to close Queensland coal mine if extension gets rejected

The company said that extending Kestrel, its only underground coal operation, would add 20 years to the mine’s life.