Asian countries face policy uncertainty, resource nationalism in mining: Fitch report

Rising geopolitical tensions and pressures to the global economy will continue to evoke volatility in commodity markets, heightening risks to metal demand and prices, Fitch Solutions’ newest report on key Asia mining themes finds. The Asian mining landscape will continue to benefit from the availability of high-grade resources and low labour costs, although key countries will […]

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NMDC diversifies into coal mining

State-owned iron ore mining major NMDC has been allocated two coal blocks in Jharkhand for commercial mining by the Union Ministry of Coal. Both the Rohne and Tokisud North blocks located in Hazaribagh district were allocated recently by the Ministry. The allocation was made under Section 5(1) of Coal Mines (Special Provisions) Act 2015 for […]

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Retail inflation spikes to 3-yr high; Exports contract marginally; Industrial output contracts

Rising food prices pushed the retail inflation in November 2019 to over three-year high of 5.54 per cent, breaching the Reserve Bank’s medium-term target of 4 per cent, thus justifying the central bank’s decision to keep the benchmark interest rate unchanged in its monetary policy earlier this month. According to the data released by the […]

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Café Coffee Day’s promoter, VG Siddhartha was also involved with coal mining in Odisha

The mysterious disappearance of VG Siddhartha, the founder of India’s largest coffee chain Cafe Coffee Day, followed by his suicide is indeed tragic. Indian Express reported that late Cafe Coffee Day founder VG Siddhartha had deep business interests in Odisha that went beyond the popular cafe chain. Along with the CCD outlets at several places […]

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Australia finally clears Adani to mine one of the world’s largest coal reserves

The most divisive mining project in recent Australian history can finally break ground after the state of Queensland cleared the final regulatory hurdle on Thursday for Adani Group’s Carmichael coal mine. The approval of the project’s groundwater management marks the end of an almost 10-year wait, during which the proposed mine faced steady resistance by environmental groups. Local […]

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