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 […]
India’s factory production expanded in April 2019 by 3.4 per cent from a revised growth of 0.35 per cent reported for March, 2019, official data showed. However, on a year-on-year basis, April’s industrial production growth of 3.4 per cent was lower than 4.5 per cent that was achieved during the corresponding month of the previous […]
Growth of eight core sectors slowed to 2.6 per cent in April compared to 4.7 in same month last year, government data showed. The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stood at 127.5 in […]
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 […]
Pakistan’s military is taking a key role in the development of one of the world’s biggest untapped copper and gold deposits, which is currently stalled by a multi-billion dollar legal wrangle with foreign mining firms, multiple sources familiar with the situation revealed to Reuters News Agency. The Reko Diq mine has become a test case […]
A body representing eight leading global diamond mining companies has warned against excessive mining of the gem, saying this has led to a drop in the prices of the precious stone. It also said that the current scenario in India is not rosy. Last year mines produced 150 million carat rough diamonds globally, which was the highest since 2008, […]
The fast depletion of coal, a strategic resource and India’s fuel of choice currently, has huge implications for energy costs. As much as 64 per cent of coal is used for power generation, while the rest is used for other purposes. A TERI (The Energy & Resources Institute) document of 2013 said India does not […]
Denmark-based FLSmidth will supply machinery and equipment for the 0.5 million tonnes peer annum extension of the world class refinery of Utkal Alumina International Limited (UAIL) in Odisha. Utkal Alumna International is a wholly-owned subsidiary of Hindalco Industries, an industry leader in aluminium and copper. It is the metals flagship company of the Aditya Birla […]
India’s plans to triple its steel-making capacity to 300 million tonnes are likely to be hit hard as a large number of iron ore mining leases are due to expire by 2020, according to Steel Minister Chaudhary Birender Singh. Singh, who was chairing a meeting of the ministry’s Parliamentary Consultative Committee, said the government was […]
Retail inflation dropped to a 17-month low in November at 2.33 per cent, mainly on account of decline in prices of kitchen essentials like vegetables and pulses. Retail inflation, which is calculated on the consumer price index (CPI), for October this year has been revised slightly up at 3.38 per cent from 3.31 per cent […]
