August 12, 2011

Iron ore production down 4.81 pc in FY’11

Production of iron ore, a vital steel-making raw material, in the country fell by 4.81 per cent in 2010-11 to 208.11 million tonnes (MT), Parliament was informed today.

August 12, 2011

3 die in chopper crash at Wafi gold mine

Three men are dead in an accident of a Bell Long Range helicopter belonging to Manolos Aviation Limited between the high mountains of Wafi Gold Exploration site and Timini in…

August 11, 2011

Mongolia Energy Riches Attract Neighbors and Outside Interests

Pity poor Mongolia, bereft of fiscal resources, caught between the ambitions of its superpower neighbors, Russia and China. Ulaan Bator’s situation is akin to interwar Poland, dexterously attempting to reconcile…

August 11, 2011

Analysis: Japan’s reconstruction steel demand to fall short

Steel demand in Japan will fall short of expectations as political wrangling holds up cash injections after a devastating March 11 earthquake and tsunami, while the construction sector is battling…

August 11, 2011

Indian steel market sings in chorus with the stock sentiments

Predictably in tandem with the BSE and the NSE which appreciated by 273 and 88 points respectively the pencil ingot prices recoiled at all centres.

August 11, 2011

Nickel futures rise 2.5% on firm global cues

MSN reports that nickel shot up in India to Rs 990.50 per kg in futures trade.

August 11, 2011

Indians rush to buy gold jewelry despite record high prices

CNBC News reported that Indiaès demand for gold has not been stalled by rising metal prices.

August 10, 2011

Regency Mines says PNG nickel project delayed by government uncertainty

Proactiveinvestors reports Regency Mines announced on Wednesday that its drilling work is continuing on the Mambare nickel joint venture in Papua New Guinea, but that visa delays may impact the…

August 10, 2011

Nod for 117 coal linkage proposals Jan and July still awaited

Of the 117 applications received in the January-July, 2011, period, the maximum requests were from captive power plants, followed by state electricity boards and independent power producers, sponge iron and…

August 10, 2011

Mumbai market unaffected by Mahendra brothers tax raid

A raid by income tax authorities took place early Monday morning, on several premises of the Mahendra Brothers group in India.