Mining
Jindal Steel shelves $10-bn coal-to-diesel project: report
24 Nov 2014
Jindal, which used to own some of these coal blocks scrapped by the Supreme Court, will now have to deposit about Rs3,000 crore with the government by December as a levy for the coal it has dug out from the mines that now stand cancelled
SBI defends $1bn Adani loan against ‘crony capitalism’ charge
21 Nov 2014
SBI chief Arundhati Bhattacharya clarified that the bank has only entered into a memorandum of understanding with the group and that funds would only be released after due diligence
Government announces draft rules for e-auction of coal blocks
19 Nov 2014
While the government said the auction will not be a "revenue maximising exercise", it has proposed a cap on the number of blocks one entity can bid for so as to ensure that coal blocks are not monopolised
Ex Xstrata chief Mick Davis keen to bid for Anglo American’s Chilean copper mines
10 Nov 2014
Mick Davis, who transformed Xstrata into a mining giant through aggressive acquisitions, launched mining company X2 earlier this year after he left Xstrata following its acquisition by Glencore last year
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