Dubai Gold and Commodities Exchange (DGCX) announced the successful completion of its largest-ever physical settlement of gold and steel rebar futures contracts, valued at US$25.20 million, by the Dubai Commodities Clearing Corporation (DCCC).
The transaction is a testimony to the efficient and robust settlement framework provided by DCCC, a wholly owned subsidiary of DGCX. It also [...]
The first consignment of uranium fuel from Russia for unit-1 of 1000 MW Kudankulam Nuclear power project-KKNPP in the southern Indian state of Tamil Nadu has reached here on Monday.
Nuclear Power Corporation of India limited-NPCIL spokesperson A I Siddiqui said KKNPP, comprising of two units of 1000 MW (e) each, are at an advanced stage [...]
A study by experts has negated fears of health hazards from mining of uranium in Meghalaya, even as the Uranium Corporation of India Limited (UCIL) sought to convince the local people that the proposed mining project would pave the way for a massive development of the state.
Having faced stiff opposition from [...]
PUBLIC SECTOR coal giant Coal India Limited (CIL) is foraying into the power generation space and plans to invest over Rs 20,000 crore for the development and acquisition of new and existing coal mines over the next 5 years.
CIL plans to ramp up coal production to a level of 521 million tonne by 2012 from [...]
After over 15 years of uncertainty, uranium mining in Meghalaya took a step towards reality with the State’s Pollution Control Board (MSPCB) finally deciding to hold a public hearing at the proposed site for open cast mining.
Public hearing is mandatory as per guidelines of the Ministry of Environment and Forests.
According to MSPCB member secretary D [...]
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 [...]
With the Energy Coordination Committee expressing concern on inadequate output by Coal India Limited (CIL), the Coal Ministry has formed a high-level panel to empower the PSU to enable it meet requirements of the core sectors.
“The Coal Ministry has formed a high-level committee to be headed by Coal Secretary to suggest steps to ramp up [...]
Early Tuesday, Scotland-based Cairn Energy PLC revealed that shares of its Indian subsidiary, Cairn India Limited, have commenced trading in Bombay Stock Exchange Limited, or BSE and the National Stock Exchange of India Limited, or NSE. The company received the approval from both exchanges in this regard on January 5, 2007.
Cairn India made its market [...]
IN violation of Supreme Court orders annulling all property settlements done illegally by the Golden Forest India Limited (GFIL) management, illegal mining is being done on agricultural land owned by the company in Sanauli village, adjoining Panchkula.
Newsline has found that the piece of land, measuring approximately 80 acres, is being illegally excavated by local miners, [...]
