Gold futures in India fell to 31,240 rupees per 10 grams last week, the lowest in more than four months and down 8.2% from a 2019 high of 34,031 rupees hit in February.
India Mining News
Fugitive diamond merchant Nirav Modi’s third attempt to get bail has been denied by a UK court.
Inbound shipments grew to 121 tons last month from 52.8 tons a year earlier.
A rise in consumption by the world's second-biggest gold consumer could help global prices which are currently hovering near a 4-month low.
Gold demand was robust in India and Singapore this week as a correction in prices ahead of a key gold-buying festival boosted purchases.
Continued gold buying from central banks and the wedding season in India helped to boost gold demand in Q1.
Hindustan Zinc, the world's second largest zinc miner, expects its output to grow in 2019/20 after a drop in the previous financial year,
According to the Responsible Mining Foundation, most of the companies assessed show little or no evidence of efforts to strengthen the gender balance of their leadership and governance teams.
The results of the election will be released May 23.
Heightened geopolitical and economic uncertainty pushed central banks to diversify their reserves and focus on investing in safe and liquid assets.
In Tamil Nadu, a small breakaway group is attempting to make inroads in one district by promising to shutter a copper smelter run by mining giant Vedanta Ltd.
It’s been a stormy month for benchmark coal prices in Asia, with the potential for reverberations across the globe.
Hindustan produces around 40,000 tonnes of copper per years, but the company plans to increase production to around 200,000 tonnes by 2025.
In China, premiums of about $13-$15 were being charged over the benchmark, marginally higher than last week's $12-$14 range.
Australia is joining the growing number of nations looking to compete in space. Its advantage? Half the country already looks like Mars.
Iron ore prices in China reached a record high on Tuesday as market participants wrestled two dilemmas, namely the weather-related disruptions from Australia and the safety outages in Brazil.
On the upside, the RNI report shows that 24 nations have seen improvements in their index performance.
Silver prices in India have been relatively stable for the last two years, and are about half their 2011 peak.
Producing a single metric ton of steel in a blast furnace typically releases around 2.3 tons of carbon dioxide, not much less than you’d get from burning a ton of thermal coal for energy.
ArcelorMittal is finally nearing the end of a yearlong battle to break into India with the $5.9 billion acquisition of Essar Steel India Ltd.
Physical gold demand picked up pace in major Asian hubs this week, with bullion being sold at a premium for the first time in more than three months in India.
Gold priced in yen rose to its highest level in more than a year last week.
This is a good time for people looking to buy gold, especially businesses.
Carmichael is one of the world's biggest greenfield coal projects in recent years.
The problem is not its reserves, productions costs, or transportation. Renewable alternatives are just cheaper.