India Mining News

India's gold trade is imploding

Indian bullion drops to $65 discount to the global gold price despite imports falling off a cliff.

This map shows you which countries have most of the world's gold

Most of the total gold reserves (88%) are held by only 20 countries.

China signs long-delayed potash deal with Belarus at 30 pct less than last year’s price

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.

Indian coal push hurting Indonesian exports

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, Gov't unfairly snapped up lands for mine expansions — Amnesty

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.

Global mining equipment market to reach $156 billion by 2022 — report

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’s uranium polluting the Antarctic — scientists

Australia has about 40% of the world's uranium reserves and exports nearly 7,000 tonnes of yellow cake annually.

India miners rally as cabinet approves mineral exploration rules

Delhi wants to open up mining of gems and precious metals and cut reliance on imports.

Belarus to sell India potash at lowest price in a decade

Price is about a third less than last year's level as global supplies of the crop nutrient exceed demand.

Potash price surge could lead to higher food costs for billions

We are on the precipice of a food fight among 7 billion people, and potash will be right at the center of it.

Russia-Belarus potash pact may stage a comeback

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.

The world's 50 most valuable mining companies

Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.

Sirius Minerals lines up contractors for huge potash mine, may lower cost estimates

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.

Here comes the half conveyer-belt, half train hybrid

Elevated below rail technology has the potential to open up significant mining assets long considered stranded.

Gold demand just had a major growth spurt

Negative interest rates and slow growth have fuelled investors' demand for gold in record-breaking fashion.

Smuggling to avoid taxes to boost Indian gold imports to record: ANZ

Banks says that India's gold imports could hit a record high this year amid widespread smuggling to sidestep government levies on overseas shipments.

China and India could destabilize global coal market

Tectonic shifts in the global coal market are underway, posing a series of questions for traditional coal supply markets.

China and India could destabilize global coal market

China and, until recently, India, have been late but significant players in the global coal market.

Adani’s $12bn Carmichael project hit with yet another lawsuit

A green group asked the Supreme Court in Queensland to review the environmental approval of the controversial coal mine and rail project.

India says Kohinoor diamond belongs to Britain

The gem has been at the centre of a diplomatic row between India and the UK, with New Delhi arguing for decades that it should get it back.

Adani $12 billion Carmichael coal project faces fresh legal challenge

Australia’s indigenous people Wangan and Jagalingou, traditional owners of the land proposed to host the project are challenging it in court.

IMF warns of another 14% drop in metal prices this year

The Fund's slightly more positive outlook for the Chinese economy not enough to halt metal price declines this year and in 2017.

Higher gold prices prompt consortium to restart historic mine in India

The ancient Kolar gold mines produced some 25 million ounces over 150 years before being abandoned in 2001, as gold prices began to sink.

De-carbonizing our energy sector

Nuclear energy currently provides around 11 percent of the world's electricity.

World’s largest coal producer keeps adding to global supply glut

Coal India just posted its highest ouput in almost three decades.