R/€ = 16.51 Change: 0.03
R/$ = 14.38 Change: 0.06
Au 1227.30 $/oz Change: 4.98
Pt 833.50 $/oz Change: -0.11

Ajoy K Das

India’s Coal Ministry passes strictures on Coal India

17th October 2018 Passing strident strictures on Coal India Limited (CIL) for failing to effectively review production and supplies, the Coal Ministry has directed the miner to immediately start liquidating coal stockpiles to mitigate shortages at power plants across the country. The Coal Ministry, in a rare... 

Indian potash import prices surge 21%

17th October 2018 Indian potash import prices have surged 21% to about $290/t for deliveries contracted between September 2018 and July 2019. Importers have warned that higher prices, coupled with a sharp depreciation of the Indian rupee below the Rs73 a dollar mark, would sharply increase the landed price of... 

Indian State miners to form JV for power projects

10th October 2018 Two of India’s largest State-run miners, Coal India Limited (CIL) and NLC Limited (formerly Neyveli Lignite Corporation Limited), have announced a joint venture (JV) to combine their respective strengths to implement thermal and renewable energy projects. According to mandatory filing with the... 

India to auction 102 mineral blocks in next six months

8th October 2018 In one of the most aggressive moves yet to monetise natural resources, India’s Mines Ministry is pushing to auction 102 mineral blocks in the next six months of current financial year. The Ministry’s new thrust to complete the auctions by March 31, 2019 can be gauged from the fact that since... 

India’s Mines Ministry pushes for governance of minor mineral sector

5th October 2018 India’s Mines Ministry is pushing 21 mineral bearing states to bring about better organisation and governance of the fragmented minor mineral sector, plagued by illegal mining and major law and order issues. The Mines Ministry has convened a meeting of all these states next week, to take stock... 

Indian aluminium producers seek higher import barriers

28th September 2018 Indian domestic aluminium refiners are seeking tariff and non-tariff barriers to stem the rising tide of imports of the base metal into the country, which has led to lower sales by local metal producers. Major integrated aluminium refiners in the country, including State-run National Aluminium... 

India copper imports surge

28th September 2018 Almost a third of India’s domestic demand for copper is being met through imports with local copper refiners facing a challenge to meet this cheaper inflow of the base metal into the country. “There has been a surge in copper imports particularly from countries that have signed free trade... 

Venezuela, Iran uncertainties push back ONGC Videsh listing plans

28th September 2018 Uncertainties over its assets in Venezuela and Iranian projects will push back the listing of ONGC Videsh. The wholly owned overseas investment arm of Indian national oil exploration and production (E&P) major, ONGC Limited has maintained that with its ventures in Venezuela and Iran in a limbo,... 

NMDC firms up capex for next two financial years

27th September 2018 India’s largest iron-ore miner, NMDC, has earmarked a capital expenditure (capex) of $902-million over the next two financial years. NMDC has committed this investment even as the miner is on verge of starting commercial production of its three-million-ton greenfield steel plant in the central... 

Coal India offers assured volumes to fuel-starved captive power plants

26th September 2018 Throwing a lifeline to fuel-starved captive thermal power plants, Coal India Limited (CIL) has offered assured yearly supplies of dry fuel for a period of five years with volumes allocated through e-auctions. CIL has communicated to captive power plants operated by various industries like steel,... 

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