GMR Energy, a part of the GMR infrastructure, will acquire 30% stake in the Indonesian firm PT Golden Energy for $550 million in cash. With this transaction the company's coal asset portfolio will be enhanced.

India's Supreme Court allowed on Friday state enterprise NMDC to operate its two mines for production of iron ore in Karnataka's Bellary district following the iron ore scandal that ended the careers of many politicians with many facing criminal charges.

The Canadian government is set to spend Canadian $ 50 million per year ($ 53 million) on monitoring and controlling of air and water pollution from its oil sands projects in northern Alberta, in a bid to accelerate the US decision to allow a TransCanada crude oil pipeline transportation project to the Gulf Coast.