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 [...]

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 [...]

Cypress Semiconductor is in talks with the government of Andhra Pradesh in southern India to set up a solar “fab center” that would produce solar cells and wafers.
Cypress has mentioned India as a possible location for manufacturing solar cells that are in growing demand. The Philippines, where SunPower maintains an office, has also been mentioned [...]

New Delhi, Nov 27: Gold prices continued to rise on the bullion market today on sustained buying by stockists, influenced by a rising overseas trend and closed higher by Rs 10 at Rs 9,390 per ten grams.
The precious metal registered a gain of Rs 205 per ten grams in the last seven trading sessions, on [...]

Petroleum Minister Murli Deora will make a case for Indian firms getting a stake in future Sakhalin projects when he meets Russian Energy Minister Viktor Borisovich Khristenko in Moscow on October 31.
“The Russian Energy Minister has personally written to me inviting me to attend the inauguration ceremony of ”Moscow Energy Dialogue” on October 30. I [...]