India Mining News

Vedanta says Indian copper smelter shutdown causing deficit, price rise

The unit has been shut for more than 50 days.

Historic blue diamond auction exceeds expectations — sold for $6.7 million

The Farnese Blue diamond, which was passed down through European royal families for about 300 years, sold Tuesday for $1.4 million more than the maximum figure experts estimated it would fetch.

How to trust the expansion of uranium mining in India

The big picture of power availability in India stresses the importance of urgent action.

India's thermal coal imports rise over 15 pct in Q1 – trader

India's rising coal imports are contributing to higher demand across Asia this year.

Legal fight, delays force Adani writedowns on Carmichael coal mine

The writedowns are said to stem from Adani being forced to duplicate studies and redesign elements of the Carmichael project due to delays in regulatory approvals and ongoing legal challenges.

Asia coal industry sees blue skies, ignores storm clouds: Russell

While there may be scope to be bullish on the short- to medium-term outlook for coal, the risk factors for the industry appear to be mounting.

Gold imports by India are said to have plunged for fourth month

Imports in the first four months totaled 211.7 tons, a drop of 43 percent from a year ago, data collated by Bloomberg show.

WGC latest report shows how weak gold demand has been this year

Global demand dropped so much between January and March that the period became the weakest first quarter since the 2008 financial crisis.

Vedanta considers building zinc smelter in South Africa

Company is accelerating expansion of its African zinc operations to take advantage of a surge in zinc prices.

Asia Gold-Buyers unimpressed by price dip; India shifts to premium

Physical gold demand lacked vigour in most Asian hubs this week amid a slight dip in prices.

India's Hindustan Zinc Ltd refinery joins LBMA's silver standard

The London Bullion Market Association has added Hindustan Zinc Ltd.'s (HZL) silver refinery in India to its 82-strong 'Good Delivery List.'

Billionaire Agarwal hires AngloGold's CEO to run Vedanta

Agarwal, who has been hunting for a new Vedanta CEO for more than a year, has consistently sought talent from the world’s biggest miners.

Demand in India picks up ahead of festival

Next week Indians will be celebrating the annual festival of Akshaya Tritiya, when buying gold is considered auspicious.

Agarwal offers Anglo help in tapping India's 1.3 billion people

The mining tycoon wasn’t explicit about whether he wanted to assist Anglo with increasing sales to India or to start operating mines there.

Why diamond trading slowed down in March

Rapaport expects polished trading to continue slowing in the coming months.

Vedanta Resources expects supply constraints to sustain zinc prices

Vedanta could accelerate expansion of its African zinc operations to take advantage of strong prices.

Vedanta's request to renew copper smelter operations in India rejected

The rejection comes amid almost daily protests against a proposed expansion of the smelter by the people of Thootukudi.

This historic blue diamond is expected to fetch up to $5.3 million

The Farnese Blue, passed down through European royalty, goes on sale for first time as part of a Sotheby’s auction to be held in Geneva, on May 15.

India demand up ahead of festival, subdued buying elsewhere

This month Indians will be celebrating the annual festival of Akshaya Tritiya, when buying gold is considered auspicious.

Vedanta copper unit draws ire of movie stars on pollution claims

Stars-turned-politicians are lending their voices to protests by neighboring villagers against the plant in Tamil Nadu because of health concerns.

Vedanta, others can transport royalty-paid iron ore from Goa -Court

India's Supreme Court in February quashed all iron ore mining permits in the southwestern state of Goa, one of the top producing states for the steel making raw material.

Coal India's production, shipments rise to a record in March

Production growth to slow down in coming months, analyst says.

Vedanta wins bid to buy bankrupt Electrosteel Steels

The transaction, financial details of which were not disclosed, is part of India's new bankruptcy law.

Britain's Vedanta hit by up to $600 mln charge for Goa iron ore unit closure

The latest ban would affect not only Vedanta but also several small unlisted companies run by local families.

Metso increases production capacity in India to meet the market demand for aggregates equipment

Metso is addressing the growing demand for crushing and screening plants in the Indian market by expanding its production capabilities in Alwar. This latest investment increases Metso's crushing and screening plant production capacity in India by 35 percent.