India expects to woo 1 trillion rupees ($15 billion) of investment over five years to double mining output and cut mineral imports.
India Mining News
Since before recorded human history, the people of India have had an insatiable appetite for gold, treasuring it not only for its flawless natural beauty and religious significance but also as a superb store of value.
The project, discovered in 2004, was expected to generate about 30,000 jobs and produce up to 3 million carats a year.
A federal court dismissed challenge from a traditional owner to mining permits for the mine.
Nichols, a senior economic advisor to precious metals asset firm Rosland Capital, is on board of the bull wagon — he expects the metal price to rise before Jan 1. 2017.
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Cooperation agreements between the nations would guarantee India fresh supply of Russian coal, liquefied natural gas (LNG), diamonds and fertilizers.
Rapid, large-scale urbanization will see India's top three cities rival the combined economies of Vietnam, Philippines and Malaysia.
The coal giant also said it would review its assets in Australia to run a smaller but "more profitable" basis.
The Indian government's plan to incent households to hand their gold over to banks in return for interest payments appears to be working.
Vedanta Resources’ chairman Anil Agarwal allegedly approached Anglo in several opportunities earlier this year to discuss potential tie-ups.
Deal comes at a time of improved steel demand from China and mimics an effort by the UK government to rescue Tata Steel's Port Talbot operations to save jobs.
Indian bullion drops to $65 discount to the global gold price despite imports falling off a cliff.
Most of the total gold reserves (88%) are held by only 20 countries.
Analysts see the long-awaited deal to sell potash to Chinese buyers as good news for the beleaguered sector, even though the agreed price is dramatically lower than last year’s.
India's status as a major coal importer is starting to wane, and that is having a negative effect on a major supplier: Indonesia.
Coal India, which produces more than 80% of the country’s coal, plans to increase annual output to about 1 billion tonnes in the next four years.
Product launch and acquisition are the key growth strategies adopted by the leading market players, such as Caterpillar and Komatsu, to strengthen their foothold in the market.
Australia has about 40% of the world's uranium reserves and exports nearly 7,000 tonnes of yellow cake annually.
Delhi wants to open up mining of gems and precious metals and cut reliance on imports.
Price is about a third less than last year's level as global supplies of the crop nutrient exceed demand.
We are on the precipice of a food fight among 7 billion people, and potash will be right at the center of it.
Belarus has said it might cooperate with Uralkali, in the first sign the two sides might work together since the Russian potash producer broke off their business alliance in 2013.
Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.
Sirius' mine, located beneath a U.K. national park, is set to generate an initial 10 million tonnes per year of polyhalite – a form of potash.