Pebble Creek tries to break impasse
August 11 - 17, 2008
WITH an N43-101 (and JORC) compliant resource for the Askot polymetallic project in northern India imminent, Canadian-based Pebble Creek Mining has moved to expedite permitting so it can step up exploration amid the continuing frustration of dealing with the Indian bureaucracy.
India Resources back at negotiating table
April 21 - 27, 2008
NEGOTIATIONS between India Resources Ltd and Hindustan Copper are continuing as the former works to stay on track to meet its goal of producing 9000 tonnes per annum of copper in concentrate from the Surda operation in Jharkhand.
Byrnecut ahead of Oxiana, Anglo at Banwas
January 14 - 20, 2008
AUSTRALIAN mining contractor Byrnecut Mining has emerged as the frontrunner in a bid to be involved with Hindustan Copper in redevelopment of the Banwas copper mine in Rajasthan’s Jhunjhunu district, pipping Oxiana, Anglo American, Lundin Mining and India Resources.
IRL clears maiden hurdle
January 14 - 20, 2008
LUCK seems to be playing a big part in the outcome of matches currently being played between the Australian and Indian Test cricket teams. Good fortune has most certainly been a factor in Australian-based India Resources Ltd’s ability to get some early runs on the board on the international mining industry’s version of cricket’s sticky wicket.
Elephant stirs
December 17 - 23, 2007
THREE weeks on the road in India could feel like a very long three weeks indeed with the state of many of the country’s roads. But it’s nothing $US95 billion of new road works over the next five years won’t go some way to fixing. According to Citigroup analysts, there are good reasons for optimism that much of the money will be spent.
Funds to underpin Surda expansion
October 15 - 21, 2007
CAPITAL raised via a rights issue and placement is expected to allow India Resources Ltd to deliver on its promise to introduce “cost-effective Australian mining techniques” at the Surda copper mine in eastern India and demonstrate to the Indian Government-controlled owner Hindustan Copper Ltd that it doesn’t need a new partner to do the same at other sites it plans to rejuvenate and modernise.
India Resources in Banwas running
September 24 - 30, 2007
EMERGING copper miner India Resources Ltd has its sights on a second mine re-development and exploration joint venture with Indian Government-controlled Hindustan Copper Ltd after this week reporting it had raised the first ore from Surda in Jharkhand’s East Singbhum district.
Policy promises new era
August 20 - 26, 2007
APPROVAL by India’s Group of Ministers (GoM) of a new competitive bidding process for mineral and coal blocks maintains restrictions on bidding eligibility, particularly for coal, keeping the market skewed towards captive consumers of resources. However, the regime change signals a paradigm shift in the mining industry.
Bucyrus targets Indian mining
July 23 - 29, 2007
US-BASED mining equipment manufacturer Bucyrus International Inc is starting small but aiming high with plans to build a $US1 billion supply business in India, the company’s chief executive has told an Asian news service.
Float receives backing
May 21 - 27, 2007
INVESTORS have jumped on board the latest Australian junior aiming to get a production foothold in India’s under-developed resources sector, backing the Michael Kiernan-chaired India Resources Ltd to the tune of $A11 million.
Copper mine is beachhead
April 30 - May 6, 2007
EOIN Rothery has been to India five times in the past nine months to find a mine to anchor India Resources Ltd’s foray into the country. Mindful of the bureaucratic mire that has ensnared other foreign-owned exploration and mining companies in India, he was keen to take the shortest path to a production footing.
Komatsu sees bigger India
April 16 - 22, 2007
KOMATSU’S new Oragadam mining truck plant near Chennai was modelled on the Japanese equipment giant’s Ibaraki factory and was supposed to be opened at the same time, in January this year. Oragadam’s later opening may reflect cultural differences between unhurried India and methodical Japan. But Komatsu’s second mining equipment plant in India offers a signal that it does not want to be late for any shift in the country’s mining investment emphasis.
Fiscal levers missing from budget
March 19 - 25, 2007
INDIAN finance minister Palaniappan Chidambaram has missed an opportunity to convert proposals put to the country’s central government to increase private and foreign investment in mineral exploration and development into a more inviting fiscal framework, in the 2007-08 national budget.
Ready, set ... Ready, set ...
November 30 - December 6, 2006
KOLKATA: INDIA’S influential mines ministry secretary AKD Jadhav says the country’s mining sector has reached a “crucial juncture in its growth process”. It was a theme alluded to often at last week’s India Mining Summit in the former national capital, where the question that overshadowed this seemingly profound statement was: what is different this time?
No China clone - yet
November 30 - December 6, 2006
THE WORLD’S biggest miners are struggling to lift production to levels needed to meet China’s burgeoning demand. They might be pleased to hear then that India is at least five years away from “doing a China”.
Qualified support for offer
November 30 - December 6, 2006
A SLICE of India’s abundant mineral wealth was reoffered to international investors in 2000 when the country launched its remodelled Foreign Direct Investment (FDI) Policy. However, the figurative prospectus for “India Minerals Inc” got a tepid response. More than six years down the track, with the government stepping up its push for FDI in mining and infrastructure, India Minerals is still getting only a heavily qualified sign-off from a leading independent auditor.
Grounds for optimism
November 30 - December 6, 2006
KOLKATA: THE LURE of India is increasing for Australian mining supply companies. That was the clear message from the grounds of the 8th International Mining & Machinery Exhibition (IMME) in teeming Kolkata, where more than 50 Australian companies made up a quarter of the exhibitor list at the biennial show.
Shifting gear
November 30 - December 6, 2006
THE world’s third largest manufacturer of mining and construction equipment believes a new distribution agreement with one of India’s largest industrial machinery suppliers will give it a stronger platform for growth in the Indian mining market.