The company became the first major casualty of a Supreme Court decision to scrap most coal fields allocated to private firms since 1993.
The offshore marketing arm of three Saskatchewan potash producers has signed separate multi-year sales agreements in India with Coromandel International Ltd. (CIL) and Tata Chemicals Limited (TCL) that the province says will see millions of tonnes of potash shipped to India.
New measures to curb rocketing imports expected within days.
Decades of strip mining have left this town in the heart of India’s coal fields a fiery moonscape, with mountains of black slag, sulfurous air and sickened residents.
A year after an export ban on raw gems in the country, reports show its diamonds are being sold to traders from Sudan to Belgium.
The mine and rail project in Queensland's Galilee Basin is expected produce 60 million tonnes of thermal coal a year.
Kept away from international nuclear trade dialogue for several years for not being a signatory to the nuclear non proliferation treaty, India has finally got the go-ahead from Australia, which is to ship uranium to India.
Global demand, however, fell to its lowest in nearly five years as Chinese buying slid by a third.
Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.
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.
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