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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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”.

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.

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.

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.

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.

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.

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.

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.

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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