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, […]
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 […]
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. […]
The water storage available in 91 major reservoirs of the country for the week ending on May 02, 2019 was 40.592 BCM (billion cubic metres), which is 25 per cent of total storage capacity of these reservoirs. This percentage was at 26 for the week ending on April 25, 2019. The level of water storage in the week […]
In tune with India’s penchant for yellow metal gold, the country’s bullion reserves at a whopping 607 tonnes is far ahead of Pakistan. Notably, India is the single largest consumer of gold and has the 11th largest gold reserve, with the current holding pegged at 607 tonnes, as per the latest report by the World […]
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 […]
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 […]
Oil prices hovered close to 2019 peaks reached the previous day, propped up by supply cuts led by producer club OPEC and by U.S. sanctions against Iran and Venezuela. Oil prices have already hit four-month highs, forcing a range of analysts to overhaul their expectations for this year. Brent crude oil futures were at $67.82 […]
An estimated 700 000 people die each year from antimicrobial resistant (AMR) infections and an untold number of sick animals may not be responding to treatment, the U.N. food agency has said. According to the FAO, AMR is a significant global threat to public health, food safety and security, as well as to livelihoods, animal […]
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 […]
