Over 100 mineral blocks in India ready for online auctions, says mines minister
As many as 100 virgin mineral blocks across the country are ready for online auctions, said Union minister for mines, rural development, parliamentary …
A record $93 billion private capital flowed into natural resources in 2018: Report
Private capital tracker Preqin says in an update that contrary to expectations, 2018 was another bumper year for the metals and minerals industry, particularly …
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 …
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 …
Coal imports into India seen rising, despite government’s attempts to bring down imports of coal: CARE Ratings
Contrary to the Centre’s plan to bring down coal imports, industries are seen to be sourcing more coal from foreign countries in FY19. Among many reasons, …
India’s Supreme Court steps in to cancel 88 mining leases in the state of Goa for violations
India’s Supreme Court, acting on a petition alleging illegal mining, quashed the Goa government’s order to renew 88 licenses of mining companies in the …
India’s ministry of mines and ministry of steel fight over iron ore pricing mechanism
The government of India has scuttled a proposal to cap iron ore prices, but is yet to derive a pricing mechanism for the raw material after differences …
North Korea is sitting on $10 trillion mineral resources that it can’t tap
North Korea may not have proven oil or gas reserves, but it is estimated that the secluded belligerent nation sits on reserves of more than 200 …
Daily Masala
Here is what others are talking about this morning: U.S. gasoline prices slip as oil industry bounces back from Harvey Global stocks tentative after selloff on …
New Mining Deal to Boost Lithium Production in Argentina
Argentina might be one step closer to becoming a leading exporter of lithium. Last week, the country’s federal government signed a new mining act aimed at …