This is a good time for people looking to buy gold, especially businesses.
India Mining News
Carmichael is one of the world's biggest greenfield coal projects in recent years.
The problem is not its reserves, productions costs, or transportation. Renewable alternatives are just cheaper.
Until there is a solution to what is happening globally with Brexit and trade talks, we might see no clear direction.
Analysts have said that due to pressure on steel prices, the third quarter could be the last good quarter for steelmakers before a long period of muted growth.
International benchmark spot gold prices were on track for their first weekly decline in three, but were still supported above the $1,300 an ounce level.
ArcelorMittal is investing in projects in Mexico and Brazil, and has bought Votorantim in Brazil and Italy's Ilva, Europe's largest capacity steel plant.
In the past, gifts have included electric fans, laptops, pressure cookers and televisions.
1-carat stones fell by 0.4% last month and 1.8% compared to January 2018.
Shares in the company lost a fifth of their value on Friday as investors were sceptical of its foreign subsidiary Cairn India Holdings’ $200 million investment in the diversified miner.
“It’s a shame if we say that we are importing iron ore. It’s like selling ice to the eskimos”
Sixty-five engineers from 15 countries came up with ideas.
January is a typically strong month as demand tends to gather pace going into the Lunar New Year.
Analysts say they expect India to be a key market for global miners in 2019 as China's "war on pollution" will lead to lower demand from that country.
The contract was finalised at a recent meeting of Hindalco’s and FLSmidth’s top managements.
Local gold prices in India touched their highest since July 2016 this week.
While the general Chinese sentiment is very bullish on the gold price, in India retail buying is weak due to Khar Mass and higher prices.
Overseas purchases fell to 762 metric tons in 2018, a 20 percent slump from the previous year.
But over the long term, the global copper deficit is expected to shrink, and the market will shift to oversupply.
The mine became flooded after at least 15 miners went down the narrow pit on Dec. 13.
"We need to look after the interests of the domestic steel industry"
Physical gold demand lacked vigour in most Asian hubs this week as limited safe haven interest failed to lift activity into the year end.
The case was filed in the Madras high court by anti-Vedanta campaigner Fatima Babu, challenging a decision by the national green tribunal.
For the next few weeks demand will remain subdued. Overseas suppliers and even some jewellers will take a break for year-end celebrations.
Coal consumption is on the rise and will remain roughly stable over the next five years, the International Energy Agency forecasts.