Gold jewellery demand in India, a major global market, is estimated to have risen 5 to 7 per cent in 2011 and is set to grow a further 10 to 15 per cent this year with bullion prices falling back after recent gains, the head of Gitanjali Gems, India's biggest jewellery retailer said on Sunday.
Joy Global subsidiary P&H Mining Equipment is to invest $25 million in setting up a manufacturing and servicing facility for high-end mining equipment near Durgapur in West Bengal according to a report in India's Economic Times.
Listed Nickel Asia Corp. (NAC) hit a record high in shipment volumes last year amid strong demand from China, a disclosure to the local bourse showed yesterday.
Indian officials will visit Belarus later this month to restart negotiations to buy a stake in the ex-Soviet country's state-owned potash producer after suspending contract talks with Canadian and other producers until July.
Later this month Coal India Ltd (CIL), the world's biggest coal producer, will sign an agreement with the Limpopo government in terms of which it will receive mining rights on various coal blocks in that province.
The Philippine government on Friday ordered the shutdown of 500 small mines threatened by landslides in a southern town where a chunk of a mountain tumbled down on sleeping residents and killed at least 27 people.
Could Indian diamonds be in Rio Tinto's future? According to Daily News and Analysis, the Australian mega-miner has received approvals-in-principle from the Ministry of Mines to begin diamond mining operations in the state of Madhya Pradesh:
NumberSleuth produced a fantastic gold infographic illustrating all the major trends: how much above-ground gold (gold that has been mined) is there in all the world, and how much gold gets mined per year worldwide?