India

Rio Tinto’s diamond output down 14% in 2014

Cecilia Jamasmie | January 20, 2015
Rio Tinto’s diamond output down 14% in 2014

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 Participates in Mumbai Marathon

Kiran Gems | January 19, 2015

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.

Shanghai gold deals get a boost as WGC sets bullion free trade zone

Cecilia Jamasmie | January 15, 2015
Shanghai gold trade gets a boost as WGC sets bullion free trade zone

The World Gold Council (WGC) and the Shanghai Gold Exchange (SGE) have signed memorandum of understanding on a comprehensive strategic gold cooperation agreement.

Adani's $15bn coal mine in Australia facing fresh legal challenges

Cecilia Jamasmie | January 15, 2015
Adani's $15bn coal mine in Australia facing fresh legal challenges

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.

Rio Tinto in talks to ship uranium to India

Cecilia Jamasmie | January 14, 2015
Rio Tinto in talks to ship uranium to India

Ceo Sam Walsh has said the firm expects to start exporting Australian uranium to India by 2017.

Sandvik unveils new mid-range mining crushers

Cecilia Jamasmie | January 13, 2015
Sandvik unveils new mid-range mining crushers

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.

Rio Tinto to spend at least $500 million to advance diamond project in India

Cecilia Jamasmie | January 12, 2015
Rio Tinto to spend at least $500 million to advance diamond project in India

The Bunder project will be one of the only four diamond mines to be operational over the next decade.

India coal miners end nationwide strike

Cecilia Jamasmie | January 8, 2015
India coal miners end nationwide strike

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.

India's rocketing iron ore imports

Frik Els | January 7, 2015
India's rocketing iron ore imports

Still minuscule compared to China, but the subcontinent is now a net importer compared to shipments of 120 million tonnes per year before.

India coal strike the biggest industrial action since 1977

Cecilia Jamasmie | January 6, 2015
India coal strike the biggest industrial action since 1977

It is likely to cost the country 1.5 million tonnes of lost coal production a day.

Coal India unions on five day strike from Tuesday

The Hindu | January 5, 2015

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.

Gold smuggler on the run held at Chennai airport

The Times Of India | January 4, 2015

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 led to one million lost jobs in Karnataka, Goa

Business Standard | January 1, 2015
Close up of India on map

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.

Birla said to plan $1bn aluminum exports

Mineweb | December 21, 2014

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.

Indian gold imports crawl in Dec

Business Standard | December 21, 2014

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.

India joins iron ore output surge

Frik Els | December 17, 2014
India joins iron ore output surge

State-owned iron ore miner NMDC to triple production to 100 million tonnes per year by the end of the decade.

India takes first step to end state coal monopoly

Cecilia Jamasmie | December 12, 2014
India takes first step to end to state coal monopoly

India’s Parliament has paved the way for private sector companies to mine coal commercially in the country.

Here is what India needs to effectively manage gold demand — interview

Cecilia Jamasmie | December 11, 2014
Here is what India needs to effectively manage gold demand — interview

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.

Alrosa strenghtens ties with India

ALROSA | December 11, 2014

Russian diamond giant ALROSA and Indian Gem&Jewellery Export Promotion Council (GJEPC) co-organized the World Diamond Conference in New Dehli, India.

Move over Alrosa, Rio Tinto wants to drive growth in India’s diamond sector

Cecilia Jamasmie | December 11, 2014
Move over Alrosa, Rio Tinto wants to drive growth in India’s diamond sector

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.

Eric Coffin of HRA Advisories

A slippery slope

Eric Coffin of HRA Advisories | December 10, 2014

Volumes remain high in the bullion markets and volatility is higher if anything.

This is why India needs a gold policy — WGC

Cecilia Jamasmie | December 9, 2014
This is why India needs a gold policy — WGC

There are at least seven good reasons, says the World Gold Council.

Is Indian gold turnaround a game changer for prices?

Mineweb | December 7, 2014

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.

Sandvik relocates global equipment unit to India and China

Cecilia Jamasmie | December 5, 2014
Sandvik relocates global equipment unit to India and China

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.

Putin seeks to boost Russian diamond trade through India

Cecilia Jamasmie | December 5, 2014
Putin seeks to boost Russian diamond trade through India

The Russian leader is expected to ink a long-sought deal with India during his visit to the country next week.

Ancient gold coins found in toilet in southern India

Cecilia Jamasmie | December 2, 2014
Ancient gold coins found in toilet in southern India

Construction workers found pot full of 200-year-old gold coins, but didn't get to keep them.

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