Sterlite Industries (India) Limited (“Sterlite”), a subsidiary of Vedanta Resources plc, the London-based FTSE 100 metal and mining group, and ASARCO LLC (“Asarco”), a Tucson based mining, smelting and refining company, announced today that they have signed a definitive agreement for the sale to Sterlite of substantially all the operating assets of Asarco for $2.6 [...]

Orissa-based Vedanta Alumina Limited (VAL) is set to export bauxite powder overseas from the Deep Water Port with the setting up of three silos here.
Kakinada Sea Port Limited (KSPL), in association with Chettinad Port Limited, had constructed these silos at an investment of Rs 80 crore, which have a capacity of 67,500 tonnes. Around 20,000 [...]

The Australian reported that BHP Billiton is in talks to take up a 25% stake in a A$615million (US$733million) bauxite mine and alumina refinery in India`s eastern Orissa province. The deal would be BHP Billiton`s first project in India.
It also reported that Zinifex Ltd and its Belgian partner Umicore Group are believed to have appointed [...]

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 [...]

Their thick, ancient forests shelter leopards, elephants and even the odd tiger, their slopes are home to an isolated tribe, but the “curse” of eastern India’s Niyamgiri hills lies beneath the soil.
Massive deposits of bauxite have brought Britain’s Vedanta Resources to this remote corner of the state of Orissa, where they have already built [...]

The FTSE 100 index edged lower by mid-session on Friday after hitting a new six-year closing high in the previous session, as mining and oil stocks were weighed down by weaker commodity prices.
Oil stocks led the FTSE 100 losing sector with crude prices easing below $58 a barrel as some investors focussed on forecasts [...]

Nickel futures fell 3 percent at one point on the London Metal Exchange on Thursday and the metal ended lower as a possible strike at Xstrata’s Sudbury operations was prevented.
Three-months futures traded as low as $35,900 per ton, down $1,200 from its previous closing price, before narrowing losses to $36,850 at the close.
The Anglo-Swiss mining [...]

London equities made further progress on Thursday as the London Stock Exchange intensified its attempt to fend off Nasdaq’s hostile bid and the mining sector tracked commodities prices higher.
The FTSE 100 opened 0.5 per cent higher at 6,237.5, a gain of 33 points, dominated by resurgent resource stocks. A flurry of newsflow from mid-cap stocks [...]

The FTSE moved higher on Thursday as mining stocks tracked commodities prices higher.
By late morning, the FTSE 100 was up 26.2 points, or 0.4 per cent, to 6,237.5 while the mid-cap FTSE rose 29.8 points, or 0.3 per cent, to 11,124.1.
Overnight, the US Dow Jones Industrial Average closed little changed at 12,577.2 while in Asia, [...]

Surging global demand for copper has breathed new life into the mining industry in Chingola, a short drive from the Congolese border on top of some of the richest copper deposits in the world.
Zambian miners clad in white helmets and blue jumpsuits are building a $300-million (about R2,1-billion), high-tech copper smelter at Konkola Copper Mines, [...]