Adani kicks off $1.2 billion Indian copper smelter
Indian billionaire Gautam Adani has started operating the first unit of his $1.2 billion copper smelter, the tycoon’s first foray into metals refining.
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Visit: 89
New US sanctions more likely to curb Indian imports of Russian coal
New US sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said.
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Visit: 81
India launches second part of critical minerals auction worth $362 billion
India launched the second part of its critical minerals auction worth an estimated 30 trillion rupees (about $362 billion), the country’s mines minister, Pralhad Joshi, said on Thursday.
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Visit: 74
India’s plans to double coal production ignore climate threat
As climate diplomats at COP28 in Dubai debated an agreement to transition away from fossil fuels last December, India was facing another energy conundrum: It needed to build more power capacity, fast.
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Visit: 79
India to exempt certain steel product imports from quality control requirements
Mining News Pro - India may exempt certain steel product imports from quality control requirements to meet domestic demand and rein in prices, broadcaster ET Now reported on Thursday citing sources.
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Visit: 78
India urges G7 to delay ban on Russian diamonds as rules lack clarity
Mining News Pro - India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said.
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Visit: 103
India in talks with Argentina, Bolivia to acquire lithium assets
Mining News Pro - India is at an advanced stage of discussions with Argentina to acquire lithium blocks, the country’s top bureaucrat in the mining ministry said on Tuesday.
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Visit: 119
Gold price slump may boost demand from India’s festive shoppers
Mining News Pro - A slump in gold prices to a seven-month low in India may stimulate demand in the current festive season, when people traditionally buy more coins and ornaments.
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Visit: 144
Vedanta dollar bonds slip after plan to split up India business
Mining News Pro - The dollar bonds of Vedanta Resources slipped, with one dropping the most in more than three weeks, on news Indian billionaire Anil Agarwal is planning to overhaul his sprawling conglomerate to tackle its debts.
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Visit: 187
China scoops up cheap Indian iron ore in bid to trim steel costs
Mining News Pro - Indian iron ore exports have surged this year as steel mills, mainly in the biggest buyer China, switched to lower-grade, cheaper feed in the face of dwindling profits.
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Visit: 134
Alrosa suspends diamond supply for Sept-Oct – India’s trade body
Mining News Pro - Russian diamond producer Alrosa has suspended rough diamond supply for September and October after a request from India’s leading trade body, the Gems and Jewellery Export Promotion Council (GJEPC) said on Wednesday.
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Visit: 217
Looming strike by miners raises worry about India coal supplies
Mining News Pro - The world’s biggest coal producer, state-owned Coal India Ltd., is facing a potential three-day strike across its core and subsidiary units, according to a stock exchange filing, prompting fears of supply disruptions across the country.
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Visit: 186
Indian, Canadian officials discuss critical mineral mining cooperation
Mining News Pro - A top Indian minister held talks on boosting critical mineral mining cooperation with Canadian officials on Monday, the Indian government said, amid tense diplomatic relations between the two countries.
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Visit: 160
India forges global biofuel alliance in push toward net-zero aim
Mining News Pro - India launched a global alliance for promoting biofuels adoption at the Group of 20 leaders meeting in New Delhi, aimed at reducing emissions in the transportation and industrial sectors.
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Visit: 133
India to start critical mineral blocks auction process this year
Mining News Pro - India is preparing to start the auction process for some 100 critical mineral blocks in the next four months, as part of plans to secure domestic supplies of the raw materials needed to fuel the green energy transition.
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Visit: 129
India asks US to release funds frozen over suspected Russia diamond link
Mining News Pro - India has asked the United States to release $26 million belonging to at least two Indian diamond firms frozen due to their alleged trade links with sanctioned Russian diamond major Alrosa, three Indian sources told Reuters.
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Visit: 138
India’s JSW Steel considering bid for stake in Teck coal unit
Mining News Pro -India’s steel producer JSW Steel is considering a bid for a stake of up to 20% in Canada’s Teck Resources steelmaking coal business, Bloomberg News reported on Saturday, citing people with knowledge of the matter.
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Visit: 203
Zambia says deal with India’s Vedanta over disputed copper assets imminent
Mining News Pro - Zambia is close to resolving a dispute with Vedanta Resources over its Konkola Copper Mines, with a deal over the future of the partly state-owned unit “imminent”, its mines minister said.
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Visit: 170
India considers lithium mining royalty at 3% of LME price
Mining News Pro - India’s federal government plans to fix the rate of royalty that mining companies must pay for extracting lithium at 3% of the prices prevailing at the London Metal Exchange (LME), two government sources said.
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Visit: 159
Tata to build $1.6 billion Indian EV battery plant, Gujarat says
Mining News Pro - India’s salt-to-software conglomerate Tata Group signed an agreement with the Gujarat state government to set up a giga-factory for manufacturing lithium-ion cells, with an estimated initial investment of around 130 billion rupees ($1.6 billion).
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Visit: 135
Europe’s unwanted coal heads to China and India as heat builds
Mining News Pro - Coal cargoes unwanted in Europe are heading to Asia, where utilities are stockpiling the fuel amid sweltering temperatures heading into the summer.
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Visit: 250
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: 162
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: 120
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: 305
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: 231