Rio Tinto lodged mining lease applications for its Bunder diamond project in India in a move it called a vital step in the development of what could be the first significant world class diamond mine in the country.
Rio Tinto announced the exploration target for diamond mineralisation at the Bunder project of 40-70 million tonnes [...]
State-owned rail coaches and mining equipment maker, Bharat Earth Movers Ltd. (BEML) said it signed a 12-year agreement with Coal India Ltd. (CIL) for joint production of off-road tyres.
In a statement, BEML said the tyres will be produced by Apollo Tyres and JK Tyres at a facility funded by itself and CIL.
CIL will invest 2 [...]
India’s Larsen & Toubro Ltd (L&T) said it has won a 28 mln eur order from a unit of China-based Zhongyuan Coal Chemical Industry Group, for the supply of a coal gasifier and cooler assembly.
In a regulatory filing, the country’s largest engineering and construction group said the order was won by its heavy engineering division [...]
Essar Global Ltd., the owner of India’s third-biggest steelmaker, agreed to buy Minnesota Steel Industries LLC for an undisclosed price to add 1.4 billion tons of iron-ore reserves and a steel mill in North America.
Essar will invest about $1.65 billion to build the 2.5 million-ton-a-year mill in northern Minnesota, John Elmore, closely held Minnesota Steel’s [...]
National Mineral Development, India’s biggest state-run iron-ore producer, said it will spend a total of 135 billion rupees, or $3.2 billion, to raise output, build steel and iron plants and invest in coal mines overseas.
The company, based in Hyderabad, will invest 35 billion rupees to raise iron-ore production 85 percent, the company’s chairman, B. Ramesh [...]
Arcelor Mittal, the world’s top steel maker, has bid about 2,200 rupees ($51) per share for a 51 percent stake in Sesa Goa, and may seek to buy out India’s biggest iron ore exporter, the Economic Times reported on Tuesday.
Quoting “people in the know”, the paper said Mittal’s bid, which valued the Indian firm at [...]
A group of Chinese importers have agreed to temporarily boycott iron ore from India to protest a near 10-percent price hike from March 1, Chinese state media said Wednesday.
More than 100 domestic importers gathered in an urgent meeting on Tuesday and reached consensus to reject new offers with too high prices, the China Business News [...]
Iron ore miner MSPL Ltd. is planning an initial public offering to fund iron ore mine takeovers and buyouts of iron ore mining companies in India and abroad, a senior official said.
“We are interested in buyouts of good firms in India and abroad,” Narendrakumar Baldota, chairman and managing director, told Reuters on Thursday.
The company has [...]
Hindustan Copper Ltd. , India’s third-largest copper producer, is planning to revive a closed copper ore mine with annual capacity of 450,000 tonnes before the end of 2007, a company official said on Friday.
Deals have also been signed with arms of four overseas firms for exploring other copper deposits in India.
“Maybe we will have a [...]
The Chinese embassy in Pakistan has barred its country’s services companies from oil and gas exploration and production work in Balochistan for security reasons. This can adversely hit Pakistan’s efforts to restart drilling activities in the province.
Chinese embassy’s advisory put Pakistan Petroleum Limited (PPL) into limbo as after M/s Great Wall Drilling Company (GWDC) denial [...]
