A draft new mining policy, which is expected to open up India’s largely untapped mineral deposits, is ready and awaits cabinet approval, a senior government official said on Tuesday. Only 10 percent of India’s land mass has been explored for its mineral wealth, and industry officials say this is due to lengthy paperwork and bureaucratic delays. India is estimated to have 2.92 billion tonnes...
Top bauxite producer Guinea said it wants to stop exports of the key raw material for aluminium and focus on developing its own alumina sector, Mining Minister Dr.Ousmane Sylla told Reuters on Monday. “I want to stop exports of bauxite. We have done this for 50 years,” he told Reuters on the sidelines of a Metal Bulletin conference in Moscow. “We will put pressure on our old partners...
Ratan Tata will soon become the latest of a series of top industrialists to land his private jet at Bhubaneshwar, the dusty capital of Orissa, whose vast deposits of high quality coal, iron ore and bauxite have made the eastern state the hottest investment destination in India. This month plans have been confirmed or proposals announced for about $1bn (€785m, £536m) worth of investment in the...