Iron – FirstPost.India reports that iron ore mining in Karnataka will take a minimum of two years to become fully operational after the Supreme Court verdict allowed resumption of mining at category-A & B mines in the state, an industry official has said.
Coal – The Economic Times reported that from 2013 to 2014, India is expected increase its coal imports by 8.7 percent, to 35 million metric tons, as its steelmaking capacity rises.
Diamond – Bloomberg reported that the price of diamonds will rise 6 percent per year until 2020 as output fails to meet increased demand from China and India, according to BMO Capital Markets.
Coal – New Delhi Television reported that the Supreme Court of India believes that "the heart" of the Central Bureau of Investigation's (CBI) Coalgate report draft was altered as a result of government suggestions. That's in contrast to the CBI's claim that the "central theme of the status reports have not changed."
Coal – Reuters reported that the Indian government plans to sell a 10-percent stake in Coal India Ltd. (BSE:533278) via a share auction that it hopes to launch by August or September. This week, it is set to invite bankers and advisers to bid to manage the offering.
Silver – Mineweb reported that Indian silver demand took a nose dive in 2012, with imports falling some 80 percent.
Gold – Gold was up this week for the second time in three days, with most of the gains occurring in India and China, the world's largest consumers of the precious metal.
Coal – The Times of India reported that Ranjit Sinha, director of India's Central Bureau of Investigation (CBI), filed an affidavit stating that changes were made to the CBI's draft report on Coalgate as a result of suggestions put forward by Union Law Minister Ashwani Kumar and others. Previously, Sinha had said that while government officials saw the report, he had not allowed any "substantive changes" to be made.
Coal – Coal India's inability to supply adequate coal to India's electricity providers is causing power shortages in the energy-hungry nation.
Gold – Gold fell sharply last month, but now investors are taking an interest in physical gold.
Get our independent commentary on resource trends and companies delivered to your inbox.
