India Mining News

Global bauxite production to grow: Fitch

Fitch Solutions Macro Research states that bauxite production growth will remain high over the coming years, as new projects come online in Australia, Indonesia expands exports, India’s production ramps up, and existing projects in Guinea drive growth.

Indian miner sues Uruguay for $3.5 billion

Zamin Ferrous alleges that the passing of a new mining law turned out to be a major change in the game rules in the South American country.

Coal miners to see improved finances: Fitch

The market research firm states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong.

India's Goa state to push federal govt to restart mining

The resolution seeks to amend laws in Goa so that existing miners can continue to extract ore for about 20 years.

Anil Agarwal given more time to make firm offer for Vedanta Resources

He has been given more time to make a firm offer or walk away from a deal to buy out minority shareholders in Vedanta Resources for 778 million pounds ($1 billion).

India’s state-owned miner to start digging for local gold

Chigargunta-Bisanatham will be an underground mine and it would mark the first time the NMDC develops this type of operation.

Indian billionaire Anil Agarwal's moves on Anglo

Billionaire Anil Agarwal in July said he planned to offer around $1 billion to take London-listed Vedanta Resources Plc private, a move that has rekindled speculation his ultimate aim is a deal with miner Anglo-American.

India's Adani sees six-fold rise in coal mining volume despite challenges in Australia

Adani is looking to buy mines in countries such as Indonesia and is securing financing for its Carmichael mine in Australia amid challenges from environmental groups concerned about climate change and potential damage to the Great Barrier Reef.

Ground water in Vedanta's Indian smelter contains heavy metals

The smelter was shut down in May after 13 people died after coming under police fire during violent protests over alleged pollution.

Asia Gold-Buying picks up in India on low prices

"In last few days the rupee and international prices are moving in favour of buyers. Jewellers are placing orders," said a Mumbai-based dealer.

Death by diamonds: Suicides wipe the shine off India's gem trade

Over 80 percent of the total workforce earn a piece rate of 1 to 25 rupees for each stone they polish and have no social benefits.

India's June gold imports drop by a quarter as rupee hits record low

The rupee hit a record low in the last week of June and has lost nearly 8 percent so far in 2018. Local gold prices have risen more than 5 percent.

Thyssenkrupp CEO asks to step down, board to meet on Friday

After two years of at times fraught talks, the two steel firms last Saturday signed an agreement to create Europe's second-largest steelmaker.

Indians are falling out of love with gold — and millennials are partly to blame

Indians’ love affair with gold is cooling.

Anil Agarwal faces shareholder resistance to $1 billion Vedanta bid

Billionaire Anil Agarwal faces investor resistance to his $1 billion bid to buy out minority shareholders in Vedanta Resources and take the London-listed Indian miner private.

Billionaire Agarwal continues deal spree with Vedanta buyout

Vedanta "can be the second- or third-largest resource company in the world."

Thyssenkrupp shareholder Cevian calls for further restructuring after steel JV

Thyssenkrupp's joint venture with Tata Steel - to be named Thyssenkrupp Tata Steel - will have around 48,000 workers and about 17 billion euros in sales.

The quest to find a trillion-dollar nuclear fuel on the moon

India's equivalent of NASA will launch a rover in October to explore virgin territory on the lunar surface and determine the potential for mining a source of waste-free nuclear energy that could be worth trillions of dollars.

Jindal Steel South Africa units file for business protection

South African units of Jindal Steel & Power Ltd. filed for a local form of bankruptcy protection known as business rescue this month.

Indian regulator approves Nutrien’s sale of stake in SQM to Tianqi

The Competition Commission of India green-lighted the $4.1 billion deal reached in May between the Canadian potash giant and China’s Tianqi Lithium.

Vedanta mulls options for Indian iron ore workers after shutdown-sources

Vedanta is considering options including lay-offs for some of the 2,000 employees of its iron ore business that was shut down by a court.

China boasts world’s highest sales volume of electric vehicles

China now has the fastest development of EVs in the global market.

There’s too much uranium in India’s water, and nobody’s watching it

A study conducted by researchers at Duke University found high levels of uranium contamination in India’s groundwater supply.

Asia Gold-Demand quiet amid small price moves, India discounts widen

Benchmark spot gold prices have moved since last Friday's close, with the spread between its highs and lows the narrowest of any week since August 2007.

Scotiabank to scrap half its metals business- sources

ScotiaMocatta is curtailing lending to the physical metals supply chain and would refocus on major corporate clients.