Adani signs deals to sell 70% of production from Oz mine

Last Updated: Thursday, May 21, 2015, 12:21

Adani Mining has signed contracts with buyers for selling nearly 70 percent of coal it plans to produce from its USD 16.5 billion Carmichael mine in Australia.

UBI to bank on mining, steel sectors for turnaround

Last Updated: Sunday, May 17, 2015, 16:09

Now as RBI has removed those restriction, I will be able to have a reasonable increase in credit this year.

Vedanta to refinance loans worth $1.6 bn in Indian markets

Last Updated: Sunday, May 17, 2015, 14:46

Minerals and mining major Vedanta is eyeing the expected low interest rates in India to refinance its short-term loans of up to USD 1.6 billion (about Rs 10,200 crore) with long-term options in this fiscal ending March 2016.

Petrobras chooses Vale CEO Murilo Ferreira as board chair

Last Updated: Thursday, April 30, 2015, 23:22

Brazil`s state-owned oil giant Petrobras on Thursday nominated Murilo Ferreira, CEO of mining firm Vale, as its next board chair as the energy firm looks to emerge from a corruption scandal.

Brazilian mining giant Vale posts $3.1 bn Q1 loss

Last Updated: Thursday, April 30, 2015, 17:48

The earnings report was more bad news for a company which had already lost $1.85 billion in the last three months of 2014.

Sesa Sterlite renamed as Vedanta Ltd

Last Updated: Wednesday, April 22, 2015, 14:44

Metals and mining conglomerate Sesa Sterlite today said it has changed its name to Vedanta Ltd to better align with its international identity - Vedanta Resources.

BHP Billiton`s iron ore output jumps despite weak price

Last Updated: Wednesday, April 22, 2015, 12:02

Mining giant BHP Billiton Wednesday said total iron ore production for the nine months to March jumped to a new high as prices remained near a decade-low, but deferred a project to boost output of the commodity to save costs.

Government sets ball rolling for commercial mining of coal

Last Updated: Monday, April 6, 2015, 06:58

Kolkata: Armed with the Coal Mines Special Provisions Bill, 2015, the government is all set to allow commercial mining of coal and state-owned entities would be the first to be allotted mines for the purpose.

Posco's mining linkage issue in Centre's court: Odisha

Last Updated: Saturday, March 28, 2015, 18:40

With uncertainty prevailing over Posco's Rs 52,000-crore mega steel project near Paradip, Odisha government says the ball is in the Centre's court with regard to raw material linkage for the South Korean firm.

Mining company shelves $1.4 bn project in Peru

Last Updated: Saturday, March 28, 2015, 11:08

A Mexican-owned copper mining company announced Friday it was pulling out of a $1.4 billion project in southern Peru because of the vehement opposition of local residents.

Indigenous traditional owners reject Adani's land deal in Australia

Last Updated: Thursday, March 26, 2015, 14:23

Indigenous traditional owners of the lands have rejected Indian mining giant Adani's 16.5 billion dollar mine, rail and port projects in Australia's coal-rich Queensland state.