Legend International Holdings, Inc, with phosphate projects in the State of Queensland, Australia, announces that it has entered into a long term offtake and supply agreement for a minimum of 3 million tonnes annually of concentrated rock phosphate from its Lady Annie project in Queensland, Australia, with Indian Farmers Fertiliser Cooperative Limited (“IFFCO”). Legend and [...]

European oil groups Royal Dutch Shell and Repsol YPF are under pressure from the United States to end talks with Iran about a multi-billion dollar natural gas deal, the Expansion newspaper reported Saturday.
It said that Russia’s Gazprom, Indian Oil Corporation and Chinese groups could be waiting to move in if British-Dutch group Shell and Spain’s [...]

The Southern India Engineering Manufacturers’ Association (SIEMA) has urged the Centre to ban export of iron ore immediately or at least impose a steep export duty on iron ore.
In a letter to finance minister P Chidambaram, a copy of which was released to the press, SIEMA thanked him for exempting from import duty various steel [...]

Paris-based International Energy Agency has put coal in the future energy mix.
Due to strong demand, record oil and gas prices, concerns over energy security and a reluctance to fully bring back nuclear energy, coal has seen a resurgence in the European energy market.
It’s a trend that has been seen in the United States and Asia [...]

Unavailability of valuable iron ore from Jharkhand’s Chiria mines may seriously affect the long-term expansion plans of Steel Authority of India (SAIL). According to a top SAIL official, the very existence of the PSU will be at stake if it does not get iron ore from Chiria.
The official said that the present iron ore reserves [...]

State-run Coal India Ltd. has inked a pact with Oil and Natural Gas Corp. to pursue the study of underground coal gasification.
Junior Minister for Coal Santosh Bagrodia said in a statement CIL entered into a memorandum of understanding with ONGC to jointly pursue a pilot-scale study for underground coal gasification.
He said ONGC, in turn, signed [...]

Murli Deora, the petroleum minister of India, has reconfirmed his visit next week to Islamabad to pick up the pieces of the Iran-Pakistan-India pipeline that faltered amidst a row between the two countries and Pakistan’s internal political strife.
Deora will also announce its formal partnership in the Turkmenistan-Afghanistan-Pakistan-India pipeline, the Business Standard reports.
“We will meet Pakistan [...]

Indonesia plans to limit the area that metal and coal miners can explore to prevent domination by a few companies, a legislator said on Monday, a move analysts said could hurt already poor levels of investment.
Indonesia has some of the world’s largest deposits of coal, copper, tin, nickel and gold, and is keen to earn [...]

Competition in the carbon and graphite products market is intense, particularly with regard to price, quality and service. Producers of graphite have regained their pricing power on account of global consolidation by numerous graphite electrode producers. Carbon products find application in areas including steel and aluminum production, glass making, aerospace industry, nuclear power, and electronics [...]

OPEC’s forecast for a rise in global oil demand is unchanged this month from the March outlook: up 1.2 million barrels per day this year to an average 87 million barrels per day.
That compares with last week’s outlook from the International Energy Agency for a sharp drop in global demand.
The Organization of Petroleum Exporting Countries [...]