Good performance of world’s top miners fail to impress investors: PwC

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The world’s 40 largest mining companies continued to consolidate their stellar performance of the past several years by delivering steady growth in 2018, according to PwC’s Mine 2019 report. As a group, the Top 40 increased revenue by 8%, buoyed by higher commodity price rises, and lifted production by 2%. They also boosted cash flows, […]

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Pomegranates in the desert? Farmers in India’s Barmer show the way

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By Ritwik Sinha Farmers in the desert district of Barmer in the western Indian state of Rajasthan are increasingly turning to pomegranates as part of their strategy to diversify to commercial crops. Bazra, moth, moong and guar have been traditional crops of the region, but pomegranates cultivation has made a significant headway since the beginning […]

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Are India and China setting up a new mega cartel of oil buying countries?

China and India—two of the world’s largest oil importers and the biggest demand growth centers globally—are close to setting up an oil buyers’ club to have a say in the pricing and sourcing of crude oil amid OPEC’s cuts and U.S. sanctions on Iran and Venezuela, livemint reports, citing three officials with knowledge of the talks. […]

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Global mining output in February hits three–year low; Asia continues to hold the greatest rewards

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Mining production globally registered its fourth consecutive contraction, falling 7.5 per cent year-on-year in February compared to a 3.3 per cent fall the previous month, Statistics South Africa said in a report. This registers as the largest fall in production since March 2016 when output fell 17.4 per cent year-on-year.  Diamonds, iron ore and gold […]

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Mining dependents in Karnataka, India, ask Supreme Court panel to allow free iron ore trade

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A group of mining dependents in Karnataka has requested the Supreme Court-appointed panel to allow free iron ore trade and give preference to local ore over imports, stating that various restrictions on mining in the state have made their livelihood uncertain. Mining dependents pointed out caps on mining volume, e-auction and other restrictions have lowered […]

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Why coal will continue to burn in India

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While petrol and diesel prices impact consumers directly, India is plagued by concerns around another fossil fuel, coal. However, coal helps meet around 45% of India’s energy needs. Power sector is the single major consumer of coal, and 79% of our electricity generation is accounted for by fossil fuels, primarily coal. The intermittent and unreliable […]

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