New US sanctions more likely to curb Indian imports of Russian coal

New US sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said.

India launches second part of critical minerals auction worth $362 billion

India launched the second part of its critical minerals auction worth an estimated 30 trillion rupees (about $362 billion), the country’s mines minister, Pralhad Joshi, said on Thursday.

India’s plans to double coal production ignore climate threat

As climate diplomats at COP28 in Dubai debated an agreement to transition away from fossil fuels last December, India was facing another energy conundrum: It needed to build more power capacity, fast.

India to exempt certain steel product imports from quality control requirements

Mining News Pro - India may exempt certain steel product imports from quality control requirements to meet domestic demand and rein in prices, broadcaster ET Now reported on Thursday citing sources.

India urges G7 to delay ban on Russian diamonds as rules lack clarity

Mining News Pro - India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said.

India in talks with Argentina, Bolivia to acquire lithium assets

Mining News Pro - India is at an advanced stage of discussions with Argentina to acquire lithium blocks, the country’s top bureaucrat in the mining ministry said on Tuesday.

Gold price slump may boost demand from India’s festive shoppers

Mining News Pro - A slump in gold prices to a seven-month low in India may stimulate demand in the current festive season, when people traditionally buy more coins and ornaments.

Vedanta dollar bonds slip after plan to split up India business

Mining News Pro - The dollar bonds of Vedanta Resources slipped, with one dropping the most in more than three weeks, on news Indian billionaire Anil Agarwal is planning to overhaul his sprawling conglomerate to tackle its debts.

China scoops up cheap Indian iron ore in bid to trim steel costs

Mining News Pro - Indian iron ore exports have surged this year as steel mills, mainly in the biggest buyer China, switched to lower-grade, cheaper feed in the face of dwindling profits.

Alrosa suspends diamond supply for Sept-Oct – India’s trade body

Mining News Pro - Russian diamond producer Alrosa has suspended rough diamond supply for September and October after a request from India’s leading trade body, the Gems and Jewellery Export Promotion Council (GJEPC) said on Wednesday.

Looming strike by miners raises worry about India coal supplies

Mining News Pro - The world’s biggest coal producer, state-owned Coal India Ltd., is facing a potential three-day strike across its core and subsidiary units, according to a stock exchange filing, prompting fears of supply disruptions across the country.

Indian, Canadian officials discuss critical mineral mining cooperation

Mining News Pro - A top Indian minister held talks on boosting critical mineral mining cooperation with Canadian officials on Monday, the Indian government said, amid tense diplomatic relations between the two countries.

India forges global biofuel alliance in push toward net-zero aim

Mining News Pro - India launched a global alliance for promoting biofuels adoption at the Group of 20 leaders meeting in New Delhi, aimed at reducing emissions in the transportation and industrial sectors.

India to start critical mineral blocks auction process this year

Mining News Pro - India is preparing to start the auction process for some 100 critical mineral blocks in the next four months, as part of plans to secure domestic supplies of the raw materials needed to fuel the green energy transition.

India asks US to release funds frozen over suspected Russia diamond link

Mining News Pro - India has asked the United States to release $26 million belonging to at least two Indian diamond firms frozen due to their alleged trade links with sanctioned Russian diamond major Alrosa, three Indian sources told Reuters.

India’s JSW Steel considering bid for stake in Teck coal unit

Mining News Pro -India’s steel producer JSW Steel is considering a bid for a stake of up to 20% in Canada’s Teck Resources steelmaking coal business, Bloomberg News reported on Saturday, citing people with knowledge of the matter.

Zambia says deal with India’s Vedanta over disputed copper assets imminent

Mining News Pro - Zambia is close to resolving a dispute with Vedanta Resources over its Konkola Copper Mines, with a deal over the future of the partly state-owned unit “imminent”, its mines minister said.

India considers lithium mining royalty at 3% of LME price

Mining News Pro - India’s federal government plans to fix the rate of royalty that mining companies must pay for extracting lithium at 3% of the prices prevailing at the London Metal Exchange (LME), two government sources said.

Tata to build $1.6 billion Indian EV battery plant, Gujarat says

Mining News Pro - India’s salt-to-software conglomerate Tata Group signed an agreement with the Gujarat state government to set up a giga-factory for manufacturing lithium-ion cells, with an estimated initial investment of around 130 billion rupees ($1.6 billion).

Europe’s unwanted coal heads to China and India as heat builds

Mining News Pro - Coal cargoes unwanted in Europe are heading to Asia, where utilities are stockpiling the fuel amid sweltering temperatures heading into the summer.

Coal India profit drops after wage cost provisions jump 12-fold

Mining News Pro - Coal India Ltd., one of the world’s top producers of the fuel, reported a 17% decline in profits following a 12-times surge in provisioning for higher staff wages.

Coal use seen peaking next year as India, China determine future

Mining News Pro - Global coal consumption will likely peak by next year as economics and climate strategies shift the world toward cleaner energy, but several wild cards could determine how long the dirtiest fossil fuel persists, according to BloombergNEF.

India’s JSW Steel sees exports at more than 10% of 2022/23 sales

Mining News Pro - India’s JSW Steel expects its exports to pick up in the current quarter through March, boosted by the withdrawal of an export tax and robust demand from the Middle East and Asia, a senior company executive said on Saturday.

India plans to double steel production capacity by 2030

Mining News Pro -The Union Minister of Steel and Civil Aviation, Jyotiraditya Scindia has urged the Indian steel industry to move towards green and low carbon emitting production processes. The minister emphasized on the growing role of steel as the foundational force for the development of a nation.

UK proposes measures on stainless steel from India be removed

Mining News Pro -The UK TRA has proposed that countervailing measures on Stainless Steel bars and rods from India be revoked.

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