Indian firm takes up stake in Apollo

Indian conglomerate Jindal Steel and Power has taken a 9.25% shareholding in ASX-listed junior Apollo Minerals, as part of a A$3.6-million capital raising. Apollo Minerals on Tuesday confirmed that it would place some 89.5-million new shares, at...

Company Announcement: Jindal Steel and Power to invest in Apollo Minerals

Apollo Minerals Limited pleased to announce that it has signed a share subscription agreement dated May 4, 2012

India threatens cancellation of 58 coal blocks

Amidst growing concern over stagnating production and coal shortages, India’s Coal Ministry has recommended the deallocation of 58 coal blocks allotted as captive mines to several user companies. According to minutes of a review committee on...

Jindal Steel awards Moz coal-mine power systems contract to ABB

The Mozambican unit of Jindal Steel and Power has awarded power and automation group ABB a R72-million order for a 220/33-kV turnkey substation to electrify an opencast coal project at its concession near the Chirodzi village, in Tete. The...

Concern over proposed amendments to Mozambique’s mining law

The proposed amendments to Mozambique’s mining legislation could discourage international entities from investing in the coal-laden country, as it will raise the level of uncertainty in investment security, market research company Frost &...

Afghanistan awards Hajigak development to Indian consortium

The government of Afghanistan on Tuesday awarded the development of the three blocks in the 1.8-billion ton Hajigak iron-ore reserves to Afghan Iron & Steel Consortium (Afisco), led by India’s largest integrated steel producer, Steel Authority...

Rio inks MoU with Jindal to advance smelting technology

Diversified giant Rio Tinto has signed a memorandum of understanding (MoU) with India’s Jindal Steel and Power to take the next step of commercialising its HIsmelt technology into a fully integrated steel-making facility. The MoU will also...

India eyeing Africa's resources but recognising development needs

India, today, in purchasing power parity terms, is the fourth-largest economy in the world, with a gross domestic product (GDP) of just over $4-trillion. (In terms of the official exchange rate, India’s GDP is $1,43- trillion.) This is the...

India seeks natural resources in Africa but recognises continent’s development needs

India, today, is in purchasing power parity terms, the fourth largest economy in the world, with a gross domestic product (GDP) of just over $4-trillion.

India environment ministry hauls up two projects

India's environment ministry asked two high-profile projects why it should not close them over possible violations of green rules, continuing an assertive break with tradition that has hit several multi-billion-dollar investments. Lavasa, a unit...