September 6, 2011

SouthGobi sets new coal shipment record of 441,665 tonnes of coal in August

HONG KONG, CHINA--(Marketwire - Sept. 6, 2011) - Alexander Molyneux, President and CEO of SouthGobi Resources Ltd. (TSX:SGQ)(SEHK:1878) is pleased to announce today that the company has set a new…

September 6, 2011

Gold futures at record high of Rs 28,583

India's benchmark gold futures extended the previous session's gains on Tuesday morning to hit a fresh record of 28,583 rupees, tailing gains in the world market and buoyed by a…

September 5, 2011

More arrests in India as corruption cancer spreads

India's reputation as a mining jurisdiction was further besmirched today after two powerful mining magnates were arrested over allegations of corruption. The Guardian reports that Indian police have arrested Gali…

September 5, 2011

Mining industry hails Reddy’s arrest

The arrests of former Karnataka Minister, Mr G. Janardhana Reddy, and the Managing Director of Obalapuram Mining Company, Mr B.V. Srinivas Reddy, signalled a change for the better in the…

September 4, 2011

Indian companies bid for Afghan iron ore mine

Steel Authority of India Ltd and JSW Steel Ltd are among seven Indian steel and mining companies that have jointly bid for Afghanistan's Hajigak iron ore mines, Steel Authority chairman…

September 4, 2011

More Indian iron ore coming to market

The Indian Supreme Court has directed that 1.5 million tonnes of iron ore from existing stock in Karnataka's Bellary, Chitradurga and Tumkur districts be sold every month to ensure adequate…

September 4, 2011

Indian state Orissa seeks to tax big iron ore profits

India's biggest iron ore producing state has sought a new tax on mining profits and a higher royalty on steel feedstock, underlining a growing push from provincial governments and the…

September 3, 2011

Shyam SEL’s steel project faces coal supply hurdle

Mr Brij Bhushan Agarwal-controlled Shyam SEL's proposed integrated steel plant in Jamuria in Burdwan district of West Bengal faces an uncertain future allegedly due to non-availability of linkages or quality…

September 2, 2011

Tata Chemicals injects $16 million into EPM

EPM Mining, an exploration-stage potash developer with a 100,000 acres project on the Sevier dry lake in Utah, received a boost on Friday when Tata Chemicals via a subsidiary invested…

September 2, 2011

Coal shortage cramps Shyam Steel expansion in Bengal

Burdwan, Sep 2 (IANS) The Shyam Steel Industries Limited is moving to complete the first phase of its expansion in West Bengal by 2013 but concerns remain over the shortage…