India Mining News

Thirteen miners trapped in coal mine in northern India after flooding

We are praying that they come out alive - Meghalaya Chief Minister Conrad Sangma

Asia Gold-High prices leave demand in the doldrums ahead of holidays

If prices come down, we might see some buying because both the new year and the Chinese new year are coming up.

India's green court to issue judgment on Vedanta smelter next week

A judgment on the smelter will be uploaded on the court's website in a week's time, after which there will be no further hearings on the case.

Asia Gold-India's gold demand loses steam due to high prices

Sentiment in gold is shrinking and if the price doesn't change demand will decline

India court panel extends hearing on Vedanta smelter case

State authorities permanently shut down the Tamil Nadu plant after police fired on protesters calling for the closure of the plant in May over concerns it was polluting their air and water.

India's Adani says to fully fund its troubled Australia coal project

Taking a big step closer to building the long-touted project that has faced fierce resistance from green groups.

Indian court panel says state government overreached by closing Vedanta smelter

The company was not given any notice or opportunity to explain its position.

Global iron ore market well supplied, growth in production ahead — reports

Global iron ore production will grow due to mine expansions in Brazil and increasing output from India.

Weddings boost Indian demand; activity muted in other hubs

Local gold prices were trading near their lowest since Oct. 1, as an appreciation in the rupee made buying overseas cheaper.

Can central banks go broke? A question for India: Andy Mukherjee

Raiding a little more than half of the $95 billion foreign-currency and gold revaluation account would force the RBI to sell an identical proportion of the related assets, or $190 billion. That would trigger a “cataclysmic deflationary shock” for the economy.

Vedanta sells copper concentrate from stockpiles at shuttered India smelter

The Tamil Nadu state disconnected the smelter's power supply in May following anti-pollution protests that turned violent and culminated in the police opening fire, killing 13 protesters.

Asia Gold-India swings to premium; benchmark price dip lends appeal elsewhere

Dealers in India were charging a premium for the first time since early September -- of up to $3 an ounce over official domestic prices this week.

India state may cancel NMDC's Donimalai mine lease in levy dispute

Following the news, NMDC shares fell as much as 7.4 percent to 99.20 rupees, their lowest since July 25, marking their biggest single-day fall since Aug. 9.

India's steel giants to focus on product mix, quality to take on ArcelorMittal

ArcelorMittal's entry into India comes at a time when Indian steel demand is growing at the fastest pace in the world.

India's Jindal Steel and Power posts Q2 profit on one-time gain

Total revenue from operations jumped 63% to 99.82 billion rupees, while revenue from its iron and steel segment surged 73 percent to 86.45 billion rupees.

De Beers is said to make big cuts in low-end diamond prices

De Beers is famous for its tight control over the diamond market.

ALROSA reports October diamond sales $242.8 million – down 28% YoY

ALROSA's total diamond sales in January-October 2018 grew 6% YoY.

Key festivals light up Indian demand

We were initially skeptical about Diwali demand but it jumped this week, despite higher prices - Harshad Ajmera, the proprietor of JJ Gold House

Asia Gold-India's festival week fails to spark demand

Diwali is just a week away but there is no improvement in demand.

China slashes Sept U.S. scrap copper imports; sends alumina to Iceland, India

From January to September, scrap copper shipments from the United States fell 13.8 percent.

India's Vedanta Q2 profit falls 34.3%, but beats Street

Aanalysts expected the miner to post a profit of 12.68 billion rupees.

India court asks regulator to decide on Tata, Adani power relief

The plants haven’t been running at full capacity after the court ruled last year that a change in regulations overseas couldn’t be a ground for increasing power prices.

Asia Gold-India festival demand dims as price rally bites

Gold demand in this years Dusherra falls by 40% in some pockets.

India’s renewables sector forecast to double in the next five years

In the near term, coal remains to be the hot topic in India.

Mountain Province Diamonds latest sale nets $24 million

Mountain Province Diamonds is a 49% participant with De Beers in the Gahcho Kué diamond mine.