The company pointed to the transition of its Argyle mine from open pit to underground, as well as a shift toward processing lower-grade ore at Diavik as the main reasons for the drop.
Kiran Gems, the world’s largest manufacturer of diamonds, participated in the 12th Mumbai Marathon on Sunday, January 15, 2015. The top brass of the organization, namely Mavji Patel, the managing director, Dinesh Lakhani and Rajesh Lakhani, both directors, along with 15 other employees came out in support of humanity and participated in this event.
The World Gold Council (WGC) and the Shanghai Gold Exchange (SGE) have signed memorandum of understanding on a comprehensive strategic gold cooperation agreement.
An environmental group is attempting to radically change the way mining projects are assessed with a court case involving Adani's controversial coal mining complex in Queensland.
Ceo Sam Walsh has said the firm expects to start exporting Australian uranium to India by 2017.
Part of the firm's CH800 series of mining cone crushers, the two models aim to help improve productivity and profitability in the mid-range segment.
The Bunder project will be one of the only four diamond mines to be operational over the next decade.
About half a million coal miners in India have called off a strike, removing the threat of widespread power outages and a crippling coal shortage.
Still minuscule compared to China, but the subcontinent is now a net importer compared to shipments of 120 million tonnes per year before.
It is likely to cost the country 1.5 million tonnes of lost coal production a day.
An estimated five lakh employees in the coal industry will begin a five-day nationwide strike on Tuesday to denounce moves towards commercial mining of the fuel.
Immigration authorities at Chennai airport on Friday nabbed a man who is said to belong to an international gang of gold smugglers and is wanted in nine cases of smuggling gold through New Delhi airport.
Ban on iron ore mining and exports in top producing states of Karnataka and Goa led to job loss of one million people, directly and indirectly, according to a ASSOCHAM-Yes Bank joint study.
Hindalco Industries Ltd., owned by Indian billionaire Kumar Mangalam Birla, is targeting a record $1 billion of aluminum exports by March 31 buoyed by rising U.S. and European demand, people with knowledge of the matter said.
Despite the government removing restrictions on gold imports late past month, imports of the precious metal have not picked up because of a supply glut.
State-owned iron ore miner NMDC to triple production to 100 million tonnes per year by the end of the decade.
India’s Parliament has paved the way for private sector companies to mine coal commercially in the country.
Somasundaram PR, Managing Director of the World Gold Council India, peels back the underlying weakness of India’s gold trade in an interview with MINING.com.
Russian diamond giant ALROSA and Indian Gem&Jewellery Export Promotion Council (GJEPC) co-organized the World Diamond Conference in New Dehli, India.
The miner hinted its 30-year partnership with the Indian diamond industry makes it the best fit to drive the sector’s growth in the country.
Volumes remain high in the bullion markets and volatility is higher if anything.
There are at least seven good reasons, says the World Gold Council.
Something seems to have spooked the gold bears. We noted a few days ago that there seemed to be signs of new positive momentum building for gold, but then were worried that the big failure of the Swiss gold initiative might prompt another drive down in the gold price.
The firm is closing several facilities in the U.S. and Europe, as part of a two-year business reorganization set to conclude in the next fiscal.
The Russian leader is expected to ink a long-sought deal with India during his visit to the country next week.
Construction workers found pot full of 200-year-old gold coins, but didn't get to keep them.
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