Mozambique’s coal contribution, Australia’s cost disadvantage, Petra funds diamond expansions

Coal has become Mozambique’s number two export earner; project costs in Australia have risen faster than elsewhere; and diamond miner Petra has secured new debt facilities to make the funding of its expansions more "comfortable".

Indian consortium demands Afghan coal for iron and steel project

Concluding the final round of negotiations on the legal contract for the $11-billion development of the Hajigak iron-ore reserves in Afghanistan, the consortium led by Steel Authority of India Limited (SAIL) has sought the allocation of coking...

SAIL invests $534m to develop Gua reserves

The Steel Authority of India Limited (SAIL) has approved an investment of $534-million to increase the capacity of its Gua captive iron-ore mine, in Jharkhand, to ten-million tons a year from its current 2.4-million-ton-a-year capacity. A...

India looking to lure foreign contract miners

The Indian government has proposed fleshing out a model framework for a mine development and operation (MDO) agreement in a bid to lure foreign investments into contract mining. “In the last few months, few contract mining projects have taken...

India proposed ban on open market fine sales

The Indian government has proposed legislative changes that would effectively impose a ban on the open-market sale of iron-ore by captive mine owners. The move to impose such a ban was aimed at checking the export of iron-ore fines and...

SAIL wants security forces at Rowghat

The Steel Authority of India Limited (SAIL) was seeking security assistance from the Indian government’s federal paramilitary forces as a condition for restarting the development of the 500-million ton Rowghat iron-ore reserves in the central...

Indian consortium starts due diligence on Afghan reserves

A consortium of Indian companies shortlisted for copper and gold mining in Afghanistan would start due diligence on the reserves shortly. The consortium of government-controlled entities comprising Hindustan Copper Limited (HCL), National...

Indian steel companies secure new iron-ore reserves

Two Indian steel companies, Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) would be granted new iron-ore leases in the central Indian province of Rajasthan. SAIL and RINL would be granted leases for 864.6 ha and...

India discovers new platinum reserves

The Geological Survey of India (GSI) has recently established the presence of platinum-group elements (PGE) across India, through the discovery of 19.08-million tons of platinum ore equivalent. The platinum ore reserves have been established in...

India invites China to set up pelletisation plants

The Indian government has invited Chinese resource and steel companies to set up iron-ore pelletisation units in order to take advantage of the recently announced fiscal incentives to add value to the mineral. A memorandum of understanding has...

Indian government should relook captive mines policy - FIMI

The Federation of Indian Mineral Industries (FIMI) has urged the Indian government to relook the entire policy of granting captive mines to steel and aluminium companies, claiming it stymied the growth of standalone resource mining companies in...

India gives green approval for new uranium project

India’s Forest and Environment Ministry has given clearance to the Uranium Corporation of India Limited (UCIL) to start uranium mining in Meghalaya, a mountainous and ecologically fragile province in north-east India. UCIL has earmarked an...