India Globalization Capital, Inc., a company developing infrastructure in India, announced today that its subsidiary, Sricon Infrastructure Private Limited (Sricon), was awarded a $16.5 million surface mining contract by Ultratech Cement Company (Ultratech) for the extraction, transportation, and delivery of limestone to Ultratech’s Gujarat Cement Works plant in the city of Amreli in Gujarat, India. [...]

India believes it will only be a matter of time before the Australian government supplies it with uranium.
The Labour Party government in Australia has decided against selling yellowcake to India.
Even though the previous Australian administration was in favour of supplying uranium to India, the new government has banned sales because New Delhi is not a [...]

India’s Era Engineering Innovations (EII) has committed an investment of US$5 million into coal-powered energy generation in Zambia following the just-ended Conclave on Indo-Africa Project Partnership in New Delhi.
Commerce, Trade and Industry Minister, Felix Mutati, who led the Zambian delegation to the meeting signed a Memorandum of Understanding (MoU) with EII director, Ajay Mishra over [...]

The steel industry will press the government for a cap on iron ore exports at 90 million tonne a year, forced by the unavailability of iron ore in the country.
Steel industry representatives are set to take up the issue with the government during the upcoming Group of Minister’s meeting in Delhi on May 28.
Officials said [...]

Beach Petroleum Ltd has posted record quarterly oil and gas production, boosted by its takeover of Delhi Petroleum.
In its second quarter, Beach produced 2.31 million barrels of oil equivalent (mmboe) and revenue of $130.9 million, outstripping production of 2.28 mmboe and $94 million of revenue in the December quarter.
Last September Beach snapped up Delhi for [...]

Jharkhand Chief Minister Madhu Koda has sought a fortnight from Arcelor Mittal Steel to settle the issue of iron ore supply. Jharkhand is unable to meet the steel giant’s demand of 600 million tonnes of iron ore for 30 years to set up a 12 million tonne steel plant.
Representatives from the company met Koda in [...]

India’s Minister of State for Commerce and Industry Ashwini Kumar has invited global mining companies to invest in his country, while pointing out that a liberal policy had been formulated to facilitate the flow of overseas capital in the sector.
Addressing the chief executives of some of the largest mining companies of the world at the [...]

OPEC kingpin Saudi Arabia offered fresh reassurances to oil markets, underlining plans to increase production capacity sharply on the back of a massive 80 billion dollar investment.
“Saudi Arabia is working continuously to expand its ability to deliver energy to world markets and especially to the growing Asian market,” Saudi Oil Minister Ali al-Nuaimi said in [...]

India’s Oil and Natural Gas Corp. says it has resolved differences with British oil explorer Cairn Energy’s Indian arm over the construction of a 340 million dollar domestic pipeline.
Oil and Natural Gas Corporation (ONGC) managing director R.S. Sharma told reporters in New Delhi that the state-run firm had “reached an understanding” on the pipeline that [...]

Sugar fell to a three- month low Tuesday as tumbling prices for energy eroded the appeal of sugar cane, which is used to make ethanol — an alternative to gasoline.
The price of sugar fell 20 percent last year on speculation that global production would outpace demand. Crude oil fell Tuesday to its lowest level in [...]