The country is opening coal mining to private firms.
The World Gold Council predicts that India will import 850 to 950 tonnes of gold this year.
He has also insured 280 employees who have been with the company for more than a decade to the tune of $160,000 each.
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.
The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."
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.
The state government submitted an application to the federal government for 3mn m³ of dredging material to be disposed on land.
The country continues to battle chronic power shortages that are crippling its growth.
Analysts say this is “make or break” time for the company behind the massive mine, Sirius Minerals.
Coal currently generates about 36% of global electric power, according to the energy watchdog.
With an annual capacity of 2.8 million tonnes the mine is expected to help feed the country’s starved power stations.
Industry body sees demand rising as economic growth lifts consumers’ incomes.
About 50 tonnes of the precious metal reportedly made it into the country only in the past 10 days.
It only spared four of the licences granted since 1993.
Pitru Paksha is upon us, a time when it is considered bad form to make deals of any sort. But times are changing.
After 4% surge on Monday, benchmark prices resume slide.
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.
It won't announce its verdict on the matter until an unspecified later date.
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.
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.
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.
Historically holding gold going into September reaps investors a more than 3% return.
They barely have enough to last a week, the lowest level since one of the world's worst blackouts hit the country in 2012.
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.
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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