August 22, 2011

Coal India Ltd unions place wage demands raging from 100 pct to 500 pct hike

Four of the five trade unions of mining major have placed their wage demand with the management.

August 22, 2011

Labour Disputes Permeate Copper Market

The copper market has continuously been plagued with labour disputes for years, however, this year strikes have been especially prevalent with workers believing that they are entitled to larger pay…

August 21, 2011

Banks, NBFCs see unsatisfied demand for gold loans

With frequent hikes in key rates by the Reserve Bank of India and subsequent upward revisions in interest rates by banks and financial institutions, personal loans have become costlier. Individuals…

August 21, 2011

Competition authority clears Coal India of anti-competitive charges

India's competition watchdog CCI has cleared state-run Coal India Ltd of charges of anti-competitive practices while placing orders for supply of mining explosives.

August 21, 2011

In northeast India, children are lured into coal mining

The young miners descend on rickety ladders made of branches into the makeshift coal mines dotting Jaintia Hills in northeast India, scrambling sideways into “rat hole” shafts so small that…

August 21, 2011

India approves mining lease of Utkal-E Coal block to Nalco

Bhubaneswar, Aug 21 (PTI) The Union Coal Ministry has granted in-principle approval for mining lease of Utkal-E coal block in Angul, with an estimated reserve of 70 million tonnes and…

August 21, 2011

As gold reaches another record high in India doubts begin to creep in

Gold reached another peak in Saturday trading in India, the world's largest consumer of the precious metal, and is now within reach of the psychologically important level of 30,000 rupees.…

August 20, 2011

SAIL plans to raise $87 million through bond sale

Dow Jones reported that state run Steel Authority of India has raised INR 4 billion (USD 87.5 million) through a bond sale, three people familiar with the matter said. The…

August 20, 2011

Essar Steel Orissa charged with green violation

Economic Times reports that Wildlife Society of Orissa has accused the Orissa government of not asking Essar Steel Orissa Ltd to stop dredging sand from the bed of River Mahanadi…

August 19, 2011

Miners reel after Papua New Guinea ownership bombshell

In a surprise announcement Papua New Guinea on Friday introduced a plan to hand state ownership of mineral and energy resources to landowners, a move that may prove disastrous to…