Chief Correspondent, Commodities, India
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Nov 11, 2013

Supreme Court lets sales of iron ore resume in Goa

NEW DELHI (Reuters) – The Supreme Court gave the go-ahead on Monday for the auction of around 11.46 million tonnes of iron ore already mined in Goa, potentially doubling the country’s exports this year to top market China if overseas sales are allowed.

The court also said it would set up a panel to decide on a cap for Goa’s iron ore output and this should submit an interim report by February 15, 2014, leaving mining still on hold.

Nov 11, 2013

Indian court lets sales of iron ore resume in Goa state

NEW DELHI, Nov 11 (Reuters) – India’s Supreme Court gave the
go-ahead on Monday for the auction of around 11.46 million
tonnes of iron ore already mined in Goa state, potentially
doubling the country’s exports this year to top market China if
overseas sales are allowed.

The court also said it would set up a panel to decide on a
cap for Goa’s iron ore output and this should submit an interim
report by Feb. 15, 2014, leaving mining still on hold.

Nov 10, 2013

Biting the hand that feeds: India’s small towns favor opposition

KASBA BONLI, India (Reuters) – Kasba Bonli is a newly prosperous market town in the northern Indian state of Rajasthan and it should be a perfect advertisement for the ruling Congress party’s pro-farmer policies. Instead the buzz in the bazaar is for the opposition.

In just a few years, handouts for farmers by Congress have helped turn the once-deprived village into a thriving retail centre, selling everything from glittery bangles to satellite dishes.

Nov 8, 2013

Coal mining clampdown to boost imports by steelmakers

BHUBANESWAR/NEW DELHI, India (Reuters) – Steel producers are preparing to increase coal imports sharply as state governments halt approvals for them to mine coal because of court investigations into the system for awarding coal blocks.

A rise in imports by India, which shipped in a record 138 million tonnes of coal in the last fiscal year, could support global prices at a time when a glut of steel in China has eroded demand for coking coal used in steel making.

Nov 8, 2013

Indian coal mining clampdown to boost imports by steelmakers

BHUBANESWAR/NEW DELHI, India, Nov 8 (Reuters) – Indian steel
producers are preparing to increase coal imports sharply as
state governments halt approvals for them to mine coal because
of court investigations into the system for awarding coal
blocks.

A rise in imports by India, which shipped in a record 138
million tonnes of coal in the last fiscal year, could support
global prices at a time when a glut of steel in China has eroded
demand for coking coal used in steel making.

Nov 7, 2013

Top iron ore exporter Goa wants to halve fresh output

NEW DELHI (Reuters) – India’s top iron ore exporting state of Goa hopes the Supreme Court will soon lift a year-long ban on mining but aims to rein in production to ease pressure on roads and infrastructure, the state’s regulator of mining licenses said on Thursday.

Bans in Goa and an adjacent state over the past two years have cut to a trickle India’s exports to top market China, with shipments falling 75 percent to just over 8 million tonnes over January to September, Chinese data show.

Nov 7, 2013

India’s top iron ore exporting state wants to halve fresh output

NEW DELHI, Nov 7 (Reuters) – India’s top iron ore exporting
state of Goa hopes the Supreme Court will soon lift a year-long
ban on mining but aims to rein in production to ease pressure on
roads and infrastructure, the state’s regulator of mining
licenses said on Thursday.

Bans in Goa and an adjacent state over the past two years
have cut to a trickle India’s exports to top market China, with
shipments falling 75 percent to just over 8 million tonnes over
January to September, Chinese data show.

Nov 1, 2013

With gold scarce, festival season loses its shine

MUMBAI/NEW DELHI (Reuters) – A scarcity of gold and high prices are pushing Indians to look to silver or diamond jewellery as alternative gifts this festive season, adding to the gloom in the gold trade after government measures to restrict imports.

Indians are the biggest buyers of gold in the world and many believe that buying and giving it on holy days brings good fortune. Friday marks Dhanteras, a huge festival associated with Lakshmi, the goddess of wealth, and another festival, Diwali, falls on Sunday.

Nov 1, 2013

With gold scarce, India’s festival season loses its shine

MUMBAI/NEW DELHI, Nov 1 (Reuters) – A scarcity of gold and
high prices are pushing Indians to look to silver or diamond
jewellery as alternative gifts this festive season, adding to
the gloom in the gold trade after government measures to
restrict imports.

Indians are the biggest buyers of gold in the world and many
believe that buying and giving it on holy days brings good
fortune. Friday marks Dhanteras, a huge festival associated with
Lakshmi, the goddess of wealth, and another festival, Diwali,
falls on Sunday.

Oct 24, 2013

SAIL to stick to coal import target despite rupee fall

NEW DELHI (Reuters) – Steel Authority of India Ltd (SAIL.NS: Quote, Profile, Research), the country’s largest domestic steelmaker, is sticking to its target of importing 12 million tonnes of steel-making coal this fiscal year despite a weaker rupee inflating costs, its chairman told Reuters on Thursday.

The fall in the rupee, which hit record lows in late August and is down about 11 percent so far this year, has forced some small steel companies to rethink or delay coal purchases, importers and brokers say.

    • About Krishna

      "I lead the India commodities team for Reuters in New Delhi. I cover the coal, metals and mining industries with a focus on government policy. Before coming to the capital in April 2013, I headed two teams of reporters covering small-and-medium-sized U.S./Canada-listed energy and resources companies."
      Joined Reuters:
      August, 2009
      Languages:
      Assamese
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