Mining giant Glencore reports $676 mn first-half loss
Swiss mining giant Glencore on Wednesday reported a first-half loss of $676 million (620 million euros), a performance hit by what the company called the worst commodities market since the financial crash of 2008-09.
Aug 19, 2015, 19:49 PM IST
Australia moves to reduce legal challenges to mining projects
Australia plans to change the law to stop environmental groups from launching "endless legal sabotage" against developments, Prime Minister Tony Abbott said Wednesday after a court this month blocked a massive India- backed mine.
Aug 19, 2015, 19:47 PM IST
Sesa Goa announces resumption of mining operations
Sesa Goa, a subsidiary of Vedanta Monday announced resumption of its mining operations in the state, after a gap of three years.
Aug 10, 2015, 13:59 PM IST
Profits will dip as mining cake has shrunk: Vedanta official
As Vedanta Ltd, formerly known as Sesa Sterlite, gets down to resuming mining operations in Goa after three years, the company's iron ore business CEO Kishore Kumar said the mining cake has shrunk.
Aug 10, 2015, 13:56 PM IST
Mines auction likely from Oct-Nov; Centre clears 58 blocks
The much-awaited auction of mineral-bearing mines, including with iron ore and bauxite, is expected to start from October-November with the Centre handing over a list of 58 explored blocks to 12 producing states.
Aug 07, 2015, 20:05 PM IST
1st phase of mines auction in 12 states from Oct-Nov
The first phase of mines auction in the 12 mineral producing states is expected to begin from October-November this year, Mines Secretary Balvinder Kumar said Friday'.
Aug 07, 2015, 19:06 PM IST
Vedanta says its Cairn India buyout offer is fair
Mining and energy group Vedanta Limited said on Thursday its offer to buy out minority investors in Cairn India was fair, dismissing reports that opposition from some small shareholders, including former owner Cairn Energy , could scupper the deal.
Jul 23, 2015, 21:27 PM IST
Vedanta hopeful of resuming iron ore mining in Goa by Oct
Billionaire Anil Agarwal-led mining firm Vedanta Ltd Saturday said it is hopeful of restarting iron ore mining in Goa from October.
Jul 11, 2015, 19:20 PM IST
Anil Agarwal rules out raising offer price for Cairn
Notwithstanding the criticism of minority shareholders of Cairn India getting a raw deal, billionaire Anil Agarwal Tuesday ruled out his debt-ridden mining firm Vedanta Ltd raising the offer to absorb the cash rich oil firm.
Jun 16, 2015, 20:58 PM IST
Cairn India to merge with Vedanta Ltd; to pare debt
The merger will help cut Vedanta's Rs 37,636 crore gross debt by using Rs 16,870 crore cash lying with Cairn as well as over Rs 14,000 crore of cash the firm generates every year.
Jun 09, 2015, 18:21 PM IST
Working with states to enable mines auction by year-end: Tomar
The Centre is working with states to start by year end the auction process for about 200 mines containing minerals such as iron ore, bauxite and limestone, Steel and Mines Minister Narendra Singh Tomar said.
Jun 01, 2015, 21:13 PM IST
India denies scrapping of Afghan iron-ore mining project
India has dismissed reports that an Indian consortium has scrapped a multi-billion dollar iron-ore mining deal in Afghanistan, saying only an analysis of the proposed project's opportunities and strengths had been done.
May 24, 2015, 23:10 PM IST
Vedanta to refinance loans worth $1.6 bn in Indian markets
Minerals and mining major Vedanta is eyeing the expected low interest rates in India to refinance its short-term loans of up to USD 1.6 billion (about Rs 10,200 crore) with long-term options in this fiscal ending March 2016.
May 17, 2015, 14:46 PM IST
Petrobras chooses Vale CEO Murilo Ferreira as board chair
Brazil`s state-owned oil giant Petrobras on Thursday nominated Murilo Ferreira, CEO of mining firm Vale, as its next board chair as the energy firm looks to emerge from a corruption scandal.
Apr 30, 2015, 23:22 PM IST
Odisha decides to give certain laterites deposits to Vedanta
The Odisha government today announced in the state assembly its decision to provide certain laterites deposits to Vedanta Aluminium Ltd (VAL).
Mar 20, 2015, 18:12 PM IST
ArcelorMittal sees iron ore hit, lower steel growth in 2015
ArcelorMittal, the world`s largest producer of steel, forecast on Friday its profit would fall in 2015, rather than improve as expected, as iron ore prices sapped mining earnings and steel market growth cooled from last year.
Feb 13, 2015, 12:52 PM IST
Industrial production growth slows to 1.7% in Dec
Industrial production growth rate slowed to 1.7 percent in December last year on sequential basis mainly due to a contraction in the mining and quarrying sector.
Feb 12, 2015, 18:24 PM IST
Glencore to spin off stake in platinum producer Lonmin
Mining and commodities giant Glencore on Wednesday announced plans to unload its 23.9 percent stake in South African platinum producer Lonmin and distribute the shares to its own shareholders.
Feb 11, 2015, 16:06 PM IST
Real estate, jewellery, mining major black money generators
Real estate, jewellery and mining are among the main sectors that are generating black money in the country, Parliament was informed on Friday.
Nov 28, 2014, 16:59 PM IST
Will have to study government affidavit first: Radha Timblo
Goan mining magnate Radha S. Timblo, who is among the three individuals accused by the Centre of stashing black money in Swiss banks, said that she needs to study the government`s affidavit to the apex court before commenting.
Oct 27, 2014, 16:03 PM IST
