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marketwatch.com 1 hour, 8 minutes ago

Why Plunging Oil Prices Now Hurt--yes Hurt--the U.s. Economy

Thanks to the shale revolution, plunging oil prices are a drag on U.S. economic growth, but the hit is uneven, notes one economist.
Read by 70% of LPs

in.reuters.com November 16, 2018

Barrick Gold Eyes Assets, Exploration As It Plots New Phase

Barrick Gold Corp , soon to become the world's largest gold miner, is interested in adding more copper assets as long as the red metal is accompanied by bullion, executives said on Friday.
Read by 48% of LPs

compelo.com November 11, 2018

Golden Reign, Marlin Gold Merge To Form Mako Mining - Compelo Energy

Prior to the closing of the Arrangement, the parties completed the previously announced amendment to the Company's Gold Purchase Agreement with Sailfish Royalty Corp. and the Marlin Reorganization, The post Golden Reign, Marlin Gold merge to form Mako Mining appeared first on Compelo Energy.
Read by 73% of LPs

business-standard.com November 10, 2018

Vedanta To Ramp Up Lanjigarh Alumina Refinery To 4 Mtpa By March 2020 | Business Standard News

Vedanta lacks captive bauxite resources, unlike its peers. : Metals & mining conglomerate Vedanta Ltd is planning to ramp up its Lanjigarh alumina refinery capacity to six million tonnes per annum (mtpa), up from one mtpa now. Vedanta's proposal for expansion was recently cleared by the High-Level Clearance Authority (HLCA), the apex body to approve investments in Odisha. "Our Lanjigarh refinery expansion will happen in a staggered manner. In Phase-I, we will scale up capacity to four mtpa and we hope to achieve this by March 2020.
Read by 30% of LPs

financialexpress.com November 06, 2018

Moving Beyond Coal For Green Power: How To Create An Alternative Economy Using Dmf Funds In Coal Mining Areas - The Financial Express

The existing overcapacity, coupled with increasing non-competitiveness of coal power plants, means that the country doesn't need to construct new coal power plants till 2027.
Read by 55% of LPs

moneycontrol.com November 06, 2018

Jsw Steel Invests Rs 350 Crore In Pipe Conveyor Projects, Will Save On Logistics Cost

The two pipe conveyor projects will transport ore from the mines to the company#39;s plant in Karnataka. : JSW Steel is investing nearly Rs 350 crore to set up two pipe conveyor projects that will transport ore from the mines to its plant in Karnataka. The projects, which will be completed by the end of the present financial year, will save the company as much money - around Rs 350 crore - in annual logistics cost to transport the raw material. At present, hundreds of trucks are deployed to move the ore from the mines to the plant in Vijayanagar.
Read by 77% of LPs

livemint.com November 04, 2018

Opinion | Exposing China's Overseas Lending

Emerging-market borrowing from China is seldom in the form of securities issued in international capital markets. : Over the past 15 years, China has fuelled one of the most dramatic and geographically far-reaching surges in official peacetime lending in history. More than 100 predominantly low-income countries have taken out Chinese loans to finance infrastructure projects, expand their productive capacity in mining or other primary commodities, or support government spending in general.
Read by 57% of LPs

marketwatch.com November 01, 2018

The Hidden Debt Bomb That The Chinese Have Funded In Emerging Markets

CAMBRIDGE, Mass. (Project Syndicate) -- Over the past 15 years, China has fueled one of the most dramatic and geographically far-reaching surges in official peacetime lending in history. More than 100 predominantly low-income countries have taken out Chinese loans to finance infrastructure projects, expand their productive capacity in mining or other primary commodities, or support government spending in general. But the size of this lending wave is not its most distinctive feature.
Read by 32% of LPs

business-standard.com October 31, 2018

Tata Hitachi To Invest Rs 250 Crore In 2 Years | Business Standard News

Infrastructure and mining equipment maker Tata Hitachi has lined up Rs 250 crore investment over the next two years in West Bengal and Karnataka despite cost and margin pressure it is facing now, a top official said Wednesday. "We will invest Rs 250 crore in plants of Kharagpur in West Bengal and Dharwad in Karnataka over the next two years," Tata Hitachi managing director Sandeep Singh said Wednesday. He, however, did not elaborate on investment break-up between the two plants.
Read by 66% of LPs

forbes.com October 30, 2018

Iron Ore In A Bull Market As Demand For Construction Steel Soars In China

rising iron ore prices defy reports of a slowing Chinese economy. : China's manufacturing industry might have slowed slightly this month but its construction sector could be in the first stages of a government-sponsored boom if a 20% rise in the price of iron ore over the past three months is a guide.
Read by 58% of LPs