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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Five things to watch in 2019 for global metals industry: Wood Mackenzie

A report by Wood Mackenzie, the global research analyst firm has listed out five things to watch out for in the metals market in 2019. The success of China’s economic reform programme will have a strong influence on the metals market this year. On balance, fundamentals have improved, but geo-political concerns continue to dog the […]

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India’s interim budget 2019-20 offers cash dole to small farmers before general election

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Pitching a strong re-election bid, India’s BJP-led NDA government announced the biggest income tax sops for middle class, including complete exemption for income up to Rs 5 lakh, and Rs 6,000 annual cash dole to poor farmers in a scheme that will cost Rs 75,000 crore per year. Converting a vote on account speech into […]

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Extreme weather adversely impacts coffee output in last 4 years

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Coffee-producing South Indian states have been witnessing a series of extreme weather events in the last four years. Extreme rainfall causing heavy flood and large-scale landslides in August 2018 in coffee producing areas of Kerala and Karnataka led to a dip of around 20 per cent in the total coffee production. South Indian states like […]

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