Coal India profit drops after wage cost provisions jump 12-fold
Mining News Pro - Coal India Ltd., one of the world’s top producers of the fuel, reported a 17% decline in profits following a 12-times surge in provisioning for higher staff wages.
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Visit: 37
Coal use seen peaking next year as India, China determine future
Mining News Pro - Global coal consumption will likely peak by next year as economics and climate strategies shift the world toward cleaner energy, but several wild cards could determine how long the dirtiest fossil fuel persists, according to BloombergNEF.
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Visit: 39
India’s JSW Steel sees exports at more than 10% of 2022/23 sales
Mining News Pro - India’s JSW Steel expects its exports to pick up in the current quarter through March, boosted by the withdrawal of an export tax and robust demand from the Middle East and Asia, a senior company executive said on Saturday.
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Visit: 154
India plans to double steel production capacity by 2030
Mining News Pro -The Union Minister of Steel and Civil Aviation, Jyotiraditya Scindia has urged the Indian steel industry to move towards green and low carbon emitting production processes. The minister emphasized on the growing role of steel as the foundational force for the development of a nation.
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Visit: 137
UK proposes measures on stainless steel from India be removed
Mining News Pro -The UK TRA has proposed that countervailing measures on Stainless Steel bars and rods from India be revoked.
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Visit: 174
World’s second-largest steel producer India to also become its most responsible through green steel adoption, says Jyotiraditya Scindia
Mining News Pro - The steel minister indicated the country may be looking at making it compulsory for steelmakers to dedicate a certain percentage of their capacity to green steel as well as encouraging its usage in government projects.
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Visit: 311
India imposes anti-dumping duty on stainless steel tube imports from China
Mining News Pro - India has imposed an anti-dumping duty on stainless steel seamless tubes and pipe imports from China for five years to remove "injury" to the domestic industry, according to a government notification.
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Visit: 204
UK proposes measures on stainless steel from India be removed
Mining News Pro -The UK TRA has proposed that countervailing measures on Stainless Steel bars and rods from India be revoked.
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Visit: 145
India antitrust agency raids steel firms for alleged price collusion
Mining News Pro - India's antitrust watchdog is raiding offices of small-scale steel companies for alleged price collusion of steel products used in construction, two sources with direct knowledge told Reuters.
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Visit: 250
Condor Gold to sell La India project in Nicaragua
Mining News Pro - On 26 October 2022, a feasibility study technical report was filed on SEDAR titled Condor Gold Technical Report on the La India Gold project, Nicaragua.
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Visit: 158
Condor Gold puts La India project in Nicaragua up for sale
Mining News Pro - The La India project covers a 588 square kilometre land package, that holds 12 contiguous and adjacent concessions.
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Visit: 192
India coal baron becomes world’s third richest trailing only Musk
Mining News Pro - Few outside of India had heard of Gautam Adani just a few years ago. Now the Indian businessman, a college dropout who first tried his luck as a diamond trader before turning to coal, has become the world’s third-richest person.
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Visit: 275
India may delay coal plant closures in blow to climate action
Mining News Pro - India’s government is studying a slower retirement of aging coal-fired power plants as it also adds newer sites, a move that would keep fossil fuel capacity higher for years and potentially stall efforts to hit climate goals.
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Visit: 645
Condor Gold shares jump on La India test results
Mining News Pro - Shares in Condor Gold jumped on Thursday after unveiling final metallurgical tests results for its flagship La India open pit gold project in Nicaragua, which it said “provide confidence” in recovery rates ahead of a definitive feasibility study.
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Visit: 291
Total, Adani team up for multi-billion dollar Indian hydrogen plans
Mining News Pro - French oil giant TotalEnergies SE and Indian billionaire Gautam Adani’s conglomerate are partnering to fund billions of dollars worth of green hydrogen development in India as the world’s third-largest polluter seeks to decarbonize.
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Visit: 624
Holcim to sell India business to Adani in $10 billion deal
Mining News Pro - Swiss building-materials firm Holcim Ltd. agreed to sell its Indian operations to local billionaire Gautam Adani, currently the richest person in Asia, another step in Chief Executive Officer Jan Jenisch’s pivot away from traditional cement
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Visit: 418
Condor Gold says La India “construction ready”
Mining News Pro - Nicaragua-focused Condor Gold said on Friday its flagship La India open pit gold project in the Central American country, was “construction ready” and “materially de-risked”.
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Visit: 271
Blast at India’s Tata Steel coke plant injures three contract workers
Mining News Pro - India’s Tata Steel said three contract workers had been injured in a blast at one of its coke plant units in the eastern state of Jharkhand on Saturday.
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Visit: 813
Indian aluminium producer NALCO faces coal scarcity due to train shortage
Mining News Pro - Indian state-run aluminium producer National Aluminium Co Ltd (NALCO) is facing a coal supply shortfall, due to supplies being diverted to priority electricity generation and a shortage of trains to deliver fuel to NALCO’s power plants.
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Visit: 509
India asks power firms to import coal on electricity demand
Mining News Pro - India asked power manufacturers to keep importing coal to meet increasing demand for electricity even as prices of the fossil fuel surged.
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Visit: 570
India leans toward continued import of Russian coking coal
Mining News Pro - India is leaning toward continuing to import coking coal from Russia, the steel minister said on Sunday, seeming to buck a global trend to shun Moscow over its invasion of Ukraine.
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Visit: 409
Coal India has enough stock for non-power sector
Mining News Pro - Coal India Ltd. has sufficient stock to boost supply to the country’s non-power sector, the government said in a statement Saturday, assuaging fears of any shortage given rising demand for electricity from domestic producers.
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Visit: 425
Indian researchers develop lithium-ion battery that can be recharged with solar energy
Mining News Pro - Researchers at India’s Tata Institute of Fundamental Research (TIFR) have developed a compact lithium-ion battery with photosensitive materials that can be directly recharged with solar energy.
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Visit: 396
Gold demand in India seen best in a decade in festival quarter
Mining News Pro - Gold consumption in India will probably be the best in at least a decade in the current quarter as buyers stocked up for festivals in November and the peak wedding period that followed, according to the World Gold Council.
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Visit: 473
Coal India warns price hike is inevitable to combat higher costs
Mining News Pro - Coal India Ltd., the world’s largest producer of the fuel, said rising costs mean it’s “inevitable” that it will be forced to hike prices of supplies in long-term deals to protect profitability.
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Visit: 574