Articles Tagged "india"

India May Open Commercial Coal Mining to Foreign Companies

Coal – In a bid to tackle the India's coal supply shortage - which happens despite the country sitting on the world's fifth largest coal reserves - Prime Minister Narendra Modi is considering opening up commercial coal mining to foreign companies, according to Reuters. Companies like Rio Tinto (NYSE:RIO) would be allowed to operate in India if they set up units in the country.

China’s Weakening Hold on the Global Rare Earths Market

Rare Earth – China was once responsible for over 90 percent of global rare earths production, allowing it to restrict exports and manipulate prices. However, following a WTO ruling against that practice earlier this year and moves to crack down on illegal mining, China's share of global rare earths production could be dropping.

Indian Coal Imports to Rise by US$3 Billion

Coal – In the wake of massive coal license cancellations in India, CoalGuru reported that India's import bill for coal will increase by INR 18,000 crore, or about US$3 billion. Domestic coal supplies will also take a hit, as will the confidence of investors in the Indian economy.