January 13, 2012

Iron ore deficit looms this year in India

The iron ore dynamics in India have reversed in the last one year. From a huge surplus until last year, the country has slipped into deficit, thanks to a stern…

January 12, 2012

P&H makes further inroads in India with new investment

Joy Global subsidiary P&H Mining Equipment is to invest $25 million in setting up a manufacturing and servicing facility for high-end mining equipment near Durgapur in West Bengal according to…

January 11, 2012

Nickel Asia posts record high exports

Listed Nickel Asia Corp. (NAC) hit a record high in shipment volumes last year amid strong demand from China, a disclosure to the local bourse showed yesterday.

January 11, 2012

Platinum-based diamond jewelry to grow in India in 2012

Diamond-jewelry manufacturers in Gujarat say they are increasing their focus on platinum given that frequent price fluctuations in gold and silver are driving India's jewelry consumers to turn toward platinum-based…

January 10, 2012

SC panel visits Panna diamond mines

A seven-member Supreme Court committee visited the Panna Tiger Reserve in Madhya Pradesh on Tuesday to inspect diamond mines and issues related to mine closure plan and utilization of funds…

January 10, 2012

India takes another stab at buying into Belaruskali, won’t talk contracts with other producers until July

Indian officials will visit Belarus later this month to restart negotiations to buy a stake in the ex-Soviet country's state-owned potash producer after suspending contract talks with Canadian and other…

January 10, 2012

Olympus Exceeds Its 2011 Gold Production Target

Olympus Pacific Minerals Inc. (TSX:OYM)(OTCQX:OLYMF)(FRANKFURT:OP6)(ASX:OYM) Chief Executive Officer, John Seton, is pleased to announce production results from its Phuoc Son and Bong Mieu Gold Plants for the period ended December…

January 8, 2012

India’s gold demand likely to remain muted in 2012

India’s Gold demand is likely to remain muted in 2012 and could stay at levels seen in 2011, said Commerzbank in a research note.

January 8, 2012

Indian steel industry welcomes hike on iron ore export tax

ET reported that some of the Indian steelmakers claim that they will benefit from the government's decision to impose 30% duty on ore exports as it will make the mineral…

January 8, 2012

Indian coal giant buys SA rights

Later this month Coal India Ltd (CIL), the world's biggest coal producer, will sign an agreement with the Limpopo government in terms of which it will receive mining rights on…