Coal situation ‘critical’ at thermal stations
Coal reserves at power stations have hit a record low, according to government’s latest data on coal stock positions at power stations. Nearly a third...
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Steel firms slash prices to cool down inflation
The steel industry responded well to the Prime Minister’s call for cooperation in controlling inflation. They agreed to reduce prices of all primary ...
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METALS IN STOCKS
All indices end in red, Sensex closer to intermediate downtrend - The indices ended the three week winning streak and ended lower as they registered a...
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NALCO plans a new greenfield smelter in Orissa
National Aluminium Company (Nalco) is exploring the possibility of a greenfield aluminium smelter and captive power plant near Jharsuguda, western Or...
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NON-FERROUS BITS
MMTC plans to import 140 tonnes of gold -
Minerals and Metals Trading Corp (MMTC) is planning to import around 140t. of gold in 2008-09, up 15 per ce...
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IN FOCUS
‘Container’ cargo trade to undergo a sea-change - A collapsible container design, for which now a patentship is awaited, could change the course of ca...
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To Bundelkhand, fortune may
The Bundelkhand of UP may be getting a bonanza. Technicians and officials of global diamond major DeBeers and the Directorate of Geology and Mining (...
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FERROUS BITS
SRMB to embark into steel making -
Kolkata based, SRMB Udyog Limited, manufacturer of TMT bars, is planning backward integration including steel-mak...
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Gujarat Mineral Development Corporation plans
Gujarat Mineral Development Corporation plans four-way business -
Gujarat Mineral Development Corporation (GMDC) plans to utilise its coal-control ca...
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Refractory industry faces raw materials crisis
Constraints on exports from China and spiralling costs of key inputs have put refractory industry in a tight spot. According to industry sources, in ...
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DOMESTIC MARKET REVIEW
Gold touches Rs 12,000 on speculation, silver too gains -
As speculators and investors shifted funds from falling stock markets to bullion on expect...
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Base & precious metals Weekly Review & Outlook
Precious metals gain, base metals lose - A combination of stock increase in the two main markets- London and Shanghai has forced prices of copper to ...
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PERSPECTIVE
How to get reforms at the grassroot levels, more inclusive - India has definitely achieved on economic front since we initiated reforms since ’90. Si...
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ISA seen as cartel, dissolved under pressure
The Indian Steel Alliance (ISA), considered as lobby group for big producers of Indian steel sector,is as good as dissolved. It is ,in fact, represent...
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Coal India loses Mozambique
Coal India loses Mozambique block due to procedural delays -
Delay in administration and decision making had cost Coal Ventures International (CVI) ...
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Tata strengthens thrust for raw material
Tata Steel is planning to acquire UK-based London Mining’s (LM) Brazilian iron ore assets, which will help it to ensure raw material supply for its An...
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Steel export duty run into trouble
To contain surge in steel prices, the government had proposed export cess ranging from 15 per cent to 5 per cent on various steel products. However, ...
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