Data – Gold ETFs lose steam, investors pull out Rs 29,000 crore in Apr-Oct 2018
Gold exchange-traded funds (ETFs) in India are losing momentum, with investors pulling out Rs 29,000 crore during the April-October period of the current …
Indian court panel says state government over-reacted by closing Vedanta’s copper smelter
An Indian court-appointed panel said this week that there were insufficient grounds to permanently close Vedanta Ltd.’s copper smelter and a government …
World crude steel output up 5.8% in October led by China and India – worldsteel
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 156.6 million tonnes (Mt) in October 2018, a 5.8% …
Indian state of Karnataka threatens to cancel NMDC’s Donimalai mine lease in levy dispute
Indian state of Karnataka warned NMDC Ltd. (National Mineral Development Corporation) that it will cancel the lease of its Donimalai iron ore mine if the …
Saudi Arabia to open $22.7 billion mining project; to increase non-oil GDP by 3%
Saudi Arabia’s King Salman inaugurated last week the Waad Al-Shamaal project, a 440-square-km city for mining industries in the country’s northern …
India’s trade deficit widens to $17.13 billion in October 2018
India’s exports rose by 17.86 per cent to $26.98 billion in October mainly due to the low base effect even as trade deficit widened to $17.13 billion, …
Indonesia’s Inalum sells $4 billion in bonds to fund Freeport purchase
State-owned Indonesian miner PT Indonesia Asahan Aluminium (Inalum) sold $4 billion of bonds last week in its first-ever U.S. dollar bond deal to fund the …
India’s steel giants to focus on product mix, quality to take on ArcelorMittal
India’s two biggest private sector steel companies JSW Steel Ltd and Tata Steel Ltd are banking on their diversified product mix to take on steel giant …
Australian Mines shares soar after partnering with Indian firm to produce key battery metal
Shares in Australian Mines closed 25 per cent higher last week after the company announced it had partnered with an Indian firm to evaluate the use of …
India’s industrial growth slips to 4-month low in September 2018
Industrial production grew at the slowest pace in four months at 4.5 per cent in September mainly due to poor performance of mining sector and lower offtake of …