India will double uranium capacity this year to meet requirements of its nuclear programmes, a top government official said on Wednesday. “We are in the process of expanding uranium capacity. Projects are already underway and uranium capacity would be doubled this year,” Atomic Energy Commission (AEC) Chairman, Mr Anil Kakodkar, said at a seminar here.
Mr [...]
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 [...]
ZIMTRADE, in conjunction with the Ministry of Industry and International Trade, will lead a trade mission to Brazil and Venezuela in August in an effort to help local companies expand their external markets.
The mission is taking place under the auspices of the National Economic Development Priority Programme (NEDPP). The trade body said there were business [...]
Congress today accused the Naveen Patnaik government of allowing Vedanta Aluminum Limited (VAL), which was erecting a refinery in Kalahandi district, to source bauxite ore at the “cheapest price”.
“Is it not a well-conspired design to defraud the state when you are letting the Orissa Mining Corporation (OMC) follow double standard while selling its iron and [...]
Potash Corp. of Saskatchewan Inc. on Thursday posted higher second-quarter profit as sharply lower taxes offset falling sales of its nitrogen, phosphate and potash fertilizers.
The Canada-based fertilizer company said net income increased to $175.1 million, or $1.65 per share, from $164.2 million, or $1.46 per share, in the prior-year period.
A strong Canadian dollar weighed on [...]
Mines and Geology is one of the many portfolios that Karnataka Chief Minister H D Kumaraswamy is in charge of. As he battles bribery allegations over illegal iron ore mining in Bellary, there’s another form of mining that’s flourishing illegally in the state.
Sand mining has resulted in ecological degradation and despite several checks it continues [...]
Mineral production from mining and quarrying sector in May grew 3.3 per cent at Rs 6,503 crore as compared to that in the preceding month.
The production figures did not include atomic and minor minerals.
Production in May was higher by three per cent over the same month of the last year, an official release said.
The mineral [...]
Iron ore production in the country has almost doubled during the past five years, with the private sector’s share in total production showing marked improvement.
Exports up 260 pc
Exports also have gone up by around 260 per cent during this period, according to the figures placed by the Ministry of Mines in Parliament on Wednesday.
According [...]
Rising fuel prices that are a bane to consumers have been a boon to Sikorsky Aircraft Corp. and other manufacturers of helicopters that shuttle workers to and from rapidly multiplying offshore drilling rigs.
Between 2002 and 2005, commercial helicopter sales rose from about $100 million to $600 million for the Stratford, Conn.-based subsidiary of United Technologies [...]
Flagship Indian energy firm Oil and Natural Gas Corp (ONGC) is in talks over exporting its share of natural gas from Russia’s Sakhalin-1 via Royal Dutch Shell’s nearby LNG terminal, an oil ministry official said on Friday.
The move to make liquefied natural gas (LNG) at Sakhalin-1, a multibillion dollar project on Russia’s Pacific Coast, runs [...]
