India Mining News

Zimbabwe resumes diamond sales, expects to auction 1.56 million carats

A test sale was conducted and, according to the Minister of Mines, it was a total success.

Cash-rich global miners eye India as coal sector opens up for private firms

India’s decision to allow private and foreign companies to bid for coal mines without any end-use or price restrictions is likely to lure foreign mining giants, currently swimming in cash.

Global thermal coal market to grow 5% in 2018

The chief coal analyst at Noble Resources said on Tuesday that imports to India will rise after falling in the last two years.

Asia Gold-Price dip perks up demand ahead of festive, wedding seasons

Spot gold has declined about 1 percent so far this week and was headed for a second straight weekly drop due to a recovery in the dollar.

Adani's giant Australian coal mine takes hit as rail plan axed

A funding proposal for a rail line that could carry its coal to the coast for export has been canned.

Vedanta hit by iron ore mining halt in Goa

Company's shares fell as much as 5.5% on the news that the Indian Supreme Court had cancelled all the 88 existing iron ore mining licences in the Indian coastal state of Goa.

Asia Gold-Bullish price outlook stirs moderate demand

Gold prices rose on Friday, putting them on course for a near 2 percent weekly gain, in anticipation of a further dip in the U.S. dollar.

The Belt and Road impact

What are the implications for regional collaboration and the expansion of clean infrastructure?

Agarwal plans to keep his Anglo American stake for a long time

Indian commodities billionaire said the rally in Anglo American Plc vindicated his personal bet in the mining group.

These four factors will boost gold demand in 2018 — WGC

Synchronised global economic growth, shrinking central bank balance sheets, rising interest rates, insubstantial asset prices and market transparency are the trends to watch this year, the World Gold Council said.

CHARTS: Big mining's surge in value shames tech giants

The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.

Mining in 2018: Copper price to power on

Markets where technology hasn’t substantially shortened the supply cycle and where cost are rising (ie copper) have the greatest long-term upside in prices

The EU starts to lead the Kimberley Process

Even though the system has received criticisms, its 54 participants seem committed to making it work.

India gold imports surge 67 pct in 2017 on restocking, retail demand

The rebound in purchases by India could support global prices, which are already near their highest levels in three months.

India’s Singareni Collieries wants to produce 85 million tonnes of coal per year

The state-owned company plans to open up 12 new mines.

Why Tata Steel wants to expand capacity at its iron ore mines

In about four years, Tata may need 13.6 million tonnes of iron ore annually.

Value of top 50 mining companies surge $140 billion in 2017

More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.

20% increase in rough diamond revenue despite waning consumer demand

While long-term diamond demand may be slowing, this year rough-diamond prices experienced positive turn-around and prices of polished diamonds stabilized.

India's Tata Steel board approves up to $2 bln rights issue

The company's Kalinganagar plant will be expanded by 5 million tonnes per annum (tpa) to 8 million tpa, entailing a total investment of 235 billion rupees.

Coal's fading crown to get Indian polish as demand stagnates

Coal may have fallen out of favor in North America and Europe, but India and other Asian nations ensure the dirtiest fossil fuel continues as energy supply.

Indian captive power plants running at half capacity due to coal shortage

The Indian Captive Power Producers Association denounced that most of its member companies are getting half of the coal they need from state-owned Coal India.

India trade ministry seeks lower tax on diamond miners

The commerce department has sought to scrap levies and introduce a presumptive tax of 0.25 percent on diamond mining companies.

Coal India November output, shipments rise to highest for month

Coal India Ltd.’s production and shipments in Nov. rose to most for month in at least five years, as power plants procured more coal to boost inventories.

Who will fund Adani's Carmichael coal mine? Not China

The shovels are in the ground at the Carmichael coal mine in Queensland but the bankers have yet to open their wallets.

Adani hopes for govt coal mine loan fade after Australian election

The Queensland state premier, who had originally supported Adani's application for a federally funded loan, now says her government will veto it.