India

Despite talk, there's little chance India will ease gold curbs

Frik Els | April 17, 2014
Despite talk, there's little chance India will ease gold curbs

India's largest gold refiner says freeing up the gold import business is simply not going to happen because of economic realities.

High import duty pushes up gold smuggling at Delhi airport

India Daily | April 18, 2014

India's customs department seized 52 times more smuggled gold last year than in 2012.

Canada invites Coal India to explore mining opportunities

The Hindu | April 10, 2014

Canada invited this week Coal India ltd., the world’s largest coal miner to explore mining opportunities in the country.

Canpotex sells potash to India at 7-year low price

Frik Els | April 4, 2014
Canpotex sells potash to India at 7-year low price

The price of the soil nutrient is down 25% in a year.

India central bank hints easing of gold imports close

Frik Els | April 3, 2014
India central bank hints at further easing of gold imports

Premiums over the London gold price have shot up since reaching a low of $20 mid-March indicating demand inside the country remains strong.

Uralkali’s potash goes on sale, India to pay lowest price in 7 years

Cecilia Jamasmie | April 1, 2014
Uralkali’s potash goes on sale, India to pay lowest price in 7 years

The price is also about 25% below what India paid last year to the now defunct Belarusian Potash Co., which Uralkali owned jointly at the time with Belaruskali.

Signs of recovery in India's gold jewellery sector

Ana Komnenic | March 22, 2014
India's gold jewellery exports improve

But value of exports still down nearly 50% over the past 11 months due to domestic scarcity of the yellow metal.

US consumers choose silver jewellery over gold— report

Cecilia Jamasmie | March 19, 2014
US consumers choose silver jewellery over gold— report

Triggered mainly by India’s renewed appetite for silver.

India’s Goa freezes third phase of iron ore e-auction

Cecilia Jamasmie | March 16, 2014
India’s Goa freezes third phase of iron ore e-auction

Due to slump on prices for the steel-making material.

Renewed Indian demand driving gold prices higher?

Since last August, the Indian government placed a stranglehold on gold imports into the country by requiring that 20% of all gold imported be exported as jewellery.

India talk lifts gold price above $1,350

Frik Els | March 6, 2014
India talk lifts gold price above $1,350

Gold price hones in on 2014 high after surprisingly strong economic news from India creates opportunity for the government to lift gold import curbs.

Former Rio Tinto chief Albanese has a new job: CEO of Vedanta

Cecilia Jamasmie | March 6, 2014
Former Rio Tinto chief Albanese has a new job: CEO of Vedanta

He has been working with Vedanta since September as chairman of Vedanta Resources Holding, a subsidiary of the Indian resources group.

India's measures to curb gold imports have worked, but what now?

Ana Komnenic | February 21, 2014
India's measures to curb gold imports have worked, but what now?

The government's ability to hold off imports in the long term is questionable.

Report: India may slash gold import tax to 6% before end of Feb

Frik Els | February 19, 2014
Report: India may slash gold import tax before end of Feb

Government official tells the Wall Street Journal gold import duty would be cut to between 6% and 8% from the current 10% before the end of February.

India’s Goa to auction 500,000 tonnes of iron ore online

Cecilia Jamasmie | February 16, 2014
India’s Goa to auction 500,000 tonnes of iron ore

There are still over 14 million tonnes lying at various jetties since September 2012.

Myanmar’s gold workers call the government to pass mining law

Cecilia Jamasmie | February 12, 2014
Myanmar’s gold workers call the government to pass mining law

The precarious conditions gold miners face daily have forced them to demand a swiftly approval of regulations.

China gold demand jumps almost 42%, talks of stockpiling up 100%

Cecilia Jamasmie | February 11, 2014
China gold demand jumps almost 42%, talks of stockpiling up 100%

The second largest economy is poised to grab the title of world's top gold buyer from India

Money laundering, terrorism financing diamond trade in India, Israel, Belgium, Canada and the US — report

Cecilia Jamasmie | February 7, 2014
Money laundering, terrorism financing diamond trade in India, Israel, Belgium, Canada and the US — report

Global diamond trade is being used to launder illegal funds worth millions of dollars, claims polemic study.

Dr Doom: Be afraid, but not very afraid of emerging market crises

Frik Els | January 31, 2014
Dr Doom: Be afraid, but not very afraid of emerging market crises

While many emerging markets are teetering right now, noted economist Nouriel Roubini says chance of a fully-fledged crisis is low.

Chinese gold jewellery sales jump on year of the horse hopes

Frik Els | January 27, 2014
Chinese gold jewellery sales jump on year of the horse hopes

The Year of the Snake, associated with laziness and evil, wasn't as good for Lunar New Year gold ornament sales as the Horse which connotes health and energy.

As stocks tank, gold price enjoys longest winning streak since 2012

Frik Els | January 24, 2014
As stocks tank, gold price enjoys longest winning streak since 2012

The gold price is up five weeks in a row as safe haven buying returns amid carnage on stock, bond and currency markets.

Gandhi comments light fire under gold price

Frik Els | January 23, 2014
Gandhi comments lights fire under gold price

If India lifts its gold import curbs it could unleash massive pent up demand on the sub-continent.

Uruguayan President says Zamin’s massive iron ore mine will go ahead

Cecilia Jamasmie | January 23, 2014
Uruguayan President says Zamin’s massive iron ore mine will go ahead

Recently approved law allows large-scale mining, but locals oppose the project and demand plebiscite to settle the issue.

Iron ore, coking coal miners must start looking outside China for growth

Frik Els | January 22, 2014
Iron ore price hits fresh 8-month low

Iron ore and coking coal prices hover at 6-month lows on Wednesday as Chinese steel prices approach record lows and forecasts for output growth are slashed.

Indian officials scrutinize travelers to pin down 'organised gang' of importers

Ana Komnenic | January 19, 2014
India gold imports

Financial documents of non-resident Indians traveling to India are being scrutinized in order to see if they're being paid by gold traders to bring in the goods.

Norman: 2014 is gold price's Goldilocks year

Frik Els | January 8, 2014
racehorses

The gold price in 2014 will be a tale of two halves.

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