August 8, 2011

BRIEF-Vedanta buys stake in Liberia iron ore project for $90 mln

LONDON, Aug 8 (Reuters) - Vedanta Resources PLC: * Sesa goa to acquire 51% stake in western cluster * Sesa goa to acquire a 51% stake in western cluster limited,…

August 7, 2011

Newmont Indonesia says no serious impact from protests

Newmont Nusa Tenggara, a unit of US miner Newmont Mining Corp , said on Sunday there had been no significant impact on production from several days of protests at its…

August 7, 2011

India iron ore mining ban: Auto parts sector fears raw material shortage

The auto components industry fears that a crisis situation might emerge in terms of raw material shortage as a consequence of the iron ore mining ban in Karnataka.

August 7, 2011

Australia evinces interest to invest in India mining sector

Australia has evinced keen interest to invest around Rs 9,000 crore in the mining sector in Orissa and set up mineral-based units in the state. "We have proposal for investment…

August 7, 2011

India trade show okay for diamonds, strong for jewelry

Indian diamond dealers maintained a positive outlook for the market despite softer than expected loose diamond trading at the India International Jewellery Show (IIJS) as finished jewelry sales were strong.…

August 7, 2011

TATA Steel to move forward with Karnataka project, despite turmoil

The Hindu reported that notwithstanding the turmoil in Karnataka over the iron ore issue, TATA Steel will move forward with its proposed investment in the state, which it is jointly…

August 7, 2011

Gold sky-rockets to all-time high in India on Saturday as traders gear up for spectacular jewellery festival

The price of gold zoomed to an all-time high of Rs24,770 per 10 grams by adding Rs420 in New Delhi, India on Saturday on frantic buying by stockists and investors.…

August 6, 2011

Vedanta invests $90 million to control a billion tonnes of Liberia iron ore reserves

Sesa Goa, a subsidiary of Vedanta Resources, on Saturday said it will buy 51% stake in an iron ore making firm in Liberia for $90 million in an all-cash deal.…

August 6, 2011

India’s NTPC mulling 25-year coal import deal

State-run NTPC Ltd, India's largest power utility, is considering a 25-year coal import deal, its chairman said on Friday. The company will also invite bids in the next few days…

August 6, 2011

Rio Tinto inks deal with Indian giant Jindal for new steel-making technology

Green Car Congress reports Rio Tinto has signed a deal with with the India's Jindal Steel and Power, part of the $15 billion Jindal group, to develop and commercialize the…