The controversial US$15bn Carmichael Coal Mine and Rail Project is being developed by Indian conglomerate Adani Group.
Gold consumption in the country fell to 569.5 tonnes, with the weakness in the yuan adding to higher spot prices.
India's government will initiate the process of allowing private companies to commercially mine coal and end the state monopoly after the public offer of shares of Coal India Ltd.
Data points going back 35 years confirm the probability of gold gaining strength in the second half
Imports needed for struggling power plants.
According to the company, the mine will employ about 1,800 workers during construction and generate 1,000 permanent jobs once opened.
Coal-based power plants struggling to meet demand.
Mideast violence, Fed rate stance, India duty also concerns.
Officials estimate they have seized four times more gold in the first quarter of the current fiscal year (April to June) than in the same period last year.
JSW Steel, led by billionaire Sajjan Jindal and India's third-largest maker of the alloy, will import 6 million tonnes of iron ore this fiscal year compared with no shipments a year earlier due to production cutbacks at home.
Government said close to a half of the country's coal power plants only have enough stocks to last a week.
India, China to require more coal for power, copper for infrastructure.
Community mobilization effective at raising costs to companies.
India is expanding a covert uranium enrichment plant that could potentially support the development of thermonuclear weapons, a defense research group says, raising the stakes in a regional arms race with China and Pakistan.
Copper mining economics are "changing dramatically."
Back above $90 a tonne after soaring Indian ore import numbers lift sentiment.
EPA's radical new rules make building new coal-fired power plants unfeasible while 15% of existing capacity will be shut down within two years, reducing demand.
CEO Sam Walsh: "We are the lowest-cost producer in the world with costs of $20 per tonne; I think we’ll be OK."
The controversial regulation, which some lawmakers already are trying to block, is one of the most sweeping efforts to tackle global warming by this or any other administration.
Sworn in on Tuesday, Modi’s pro-business, small-government policies have already prompted many citizens of the world to liken him to such transformative leaders as Reagan and Margaret Thatcher.
It was expected to fetch up to $10 million.
Investors buy a net 8.4 tonnes in world's largest gold-backed ETF, the biggest buying spree since October 2012 when gold was at $1,800 an ounce.
Spending committed by mining and energy companies to start or expand projects fell 14.6% to US$212bn at the end of April from $248bn a year earlier. That is a $36 billion drop.
Even if incoming PM Narendra Modi relaxed all gold import curbs – and that's still a big if – the impact on global markets should be muted.
The bank says it won't finance a project whose effects are still being debated.
New York price briefly back above $1,300 as Indian central bank relaxes import rules for traders and banks and rupee price tumbles to nine-month low.
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