R/€ = 15.53 Change: 0.00
R/$ = 13.93 Change: 0.00
Au 1416.53 $/oz Change: -3.15
Pt 853.67 $/oz Change: 6.82

Ajoy K Das

India may negate distinction between captive coal, commercial mining

22nd July 2019 India’s Coal Ministry is working on a proposal to negate the legal distinction between captive coal mines operated by user industries and commercial mining by private merchant miners. The move to bring captive mines and commercial coal mining under the same legal framework has been prompted by... 

Tight global supply puts low grade Indian iron-ore fines back on international buyers’ shopping lists

18th July 2019 Tightening of supplies of iron-ore from global resource majors has triggered a spike in outward shipments of the steelmaking raw material through Indian ports and also put low grade fines back in favour with global steel mills. According to data sourced from the Indian Ports Association, outward... 

India’s ONGC established 230Mt crude oil reserves over last three years

16th July 2019 India’s national exploration and production major, ONGC Limited, has established 230-million tons of crude oil reserves over the last three years, according to a statement placed before Parliament by Oil and Natural Gas Minister Dharmendra Pradhan. He said that following the new discoveries,... 

Coal India starts financial year with flat production growth

10th July 2019 Coal India Limited (CIL) has recorded almost flat growth in production during April to June, putting under a cloud the government’s ambitious target for the miner to achieve an 8.5% growth for the current financial year. The State-run miner produced 137-million tons during the first three months... 

Indian State-run companies drop investment plans in Adani’s LNG terminal project

9th July 2019 Indian State-run oil refiner-marketer Indian Oil Corporation (IOC) and gas infrastructure and logistics major GAIL India have passed up the option to pick up a 50% stake in a liquefied natural gas (LNG) terminal project proposed by the Adani Group in the eastern coastal state of Odisha. Indian... 

Vedanta to invest $245m on Indian oil, gas blocks

4th July 2019 Anil Agarwal-led resource major Vedanta Limited will invest around $245-million in natural gas and crude oil over the next four years in licenses it bagged for 10 blocks across India. Vedanta said in a statement that “the company has been successfully awarded 10 exploration blocks across Indian... 

Chinese-US rare earth war could prompt India to overturn beach sand ban

28th June 2019 Rising trade tensions between the US and China and the latter's threatening to leverage rare earth supplies in the trade war are likely to prompt the Indian government to reverse the ban on private beach sand mining imposed earlier this year. With China expected to tighten global supplies of rare... 

India halts Iranian crude oil imports amid US assurances on supplies

28th June 2019 India has ended crude oil imports from Iran, following the US administration’s assurance of adequate supplies to meet the country’s import-dependent energy needs. While there has not been any official confirmation that crude oil imports from Iran have ceased, sources said that government-owned... 

Indian iron-ore market dichotomy of rising imports, rising domestic production

28th June 2019 A dichotomy in Indian iron-ore production/supply dynamics has emerged with the government claiming no shortage of the steelmaking raw material, while imports surge at the same time. In a statement before Parliament, Mines Minister Pralhad Joshi said: “There is no shortage of iron-ore in the... 

India’s Mines Ministry makes contingency plans for expiring mining leases

27th June 2019 India’s Mines Ministry is drawing up contingency plans to offer a three-year extension for merchant mining leases slated to expire in March next year. Sources in the Ministry said that while the government is pushing state governments to initiate the auction of about 288 mining leases expiring... 

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