Mining Industries Correspondent
Krishna's Feed
Jul 12, 2013

Sterlite smelter emissions within limits during inspection: report

NEW DELHI (Reuters) – An environmental report into India’s biggest copper smelter found no major irregularities in its operation or any negative impact on air quality during an inspection, but calls for safety audits, regular maintenance and better air quality monitoring.

The report, commissioned by the environment court considering whether Sterlite Industries’ (STRL.NS: Quote, Profile, Research) smelter should remain in operation, will be used by Judge Swatanter Kumar to reach a ruling. The case resumes on July 15.

Jul 12, 2013

Sterlite’s India smelter emissions within limits during inspection-report

NEW DELHI, July 12 (Reuters) – An environmental report into
India’s biggest copper smelter found no major irregularities in
its operation or any negative impact on air quality during an
inspection, but calls for safety audits, regular maintenance and
better air quality monitoring.

The report, commissioned by the Indian environment court
considering whether Sterlite Industries’ smelter
should remain in operation, will be used by Judge Swatanter
Kumar to reach a ruling. The case resumes on July 15.

Jul 10, 2013

POSCO set to get India iron ore licence-sources

July 10 (Reuters) – India is expected to grant an iron ore
exploration licence to POSCO for its planned $12
billion steel plant in the country, two government officials
told Reuters, in a step that should speed up the project stuck
for eight years.

The Supreme Court in May handed a decision on a licence to
the federal government, raising the South Korean firm’s chances
of getting access to iron ore for the project billed as India’s
largest foreign direct investment.

Jun 21, 2013

Reliance fund joins India’s effort to curb gold imports

MUMBAI/NEW DELHI (Reuters) – Reliance Capital(RLCP.NS: Quote, Profile, Research) abruptly halted gold sales and investments in its gold-backed funds on Friday, the latest squeeze on rampant demand that has prompted India to try to curb imports.

India is the world’s biggest gold buyer and soaring imports have sent its current account to a record deficit. New Delhi has hiked import duty twice since January 1, doubling it to 8 percent, but central bank moves to tackle supply have had more impact.

Jun 21, 2013

Reliance fund joins India’s campaign to curb gold imports

MUMBAI/NEW DELHI, June 21 (Reuters) – Reliance Capital
abruptly halted gold sales and investments in its
gold-backed funds on Friday, the latest squeeze on rampant
demand that has prompted India to try to curb imports.

India is the world’s biggest gold buyer and soaring imports
have sent its current account to a record deficit. New Delhi has
hiked import duty twice since Jan. 1, doubling it to 8 percent,
but central bank moves to tackle supply have had more impact.

Jun 16, 2013

Copper smelter Sterlite re-opens after protests: sources

NEW DELHI (Reuters) – India’s top copper smelter re-opened on Sunday after complaints from residents forced a two-month shutdown, a company source directly involved with the court-mandated process and a source at a local pollution board told Reuters.

Locals in the Tuticorin area of Tamil Nadu had complained that emissions from the plant, run by Sterlite Industries (STRL.NS: Quote, Profile, Research), a unit of London-based Vedanta Resources (VED.L: Quote, Profile, Research), were causing breathing problems.

Jun 16, 2013

India’s top copper smelter re-opens after protests -sources

NEW DELHI, June 16 (Reuters) – India’s top copper smelter
re-opened on Sunday after complaints from residents forced a
two-month shutdown, a company source directly involved with the
court-mandated process and a source at a local pollution board
told Reuters.

Locals in the Tuticorin area of the southern state of Tamil
Nadu had complained that emissions from the plant, run by
Sterlite Industries, a unit of London-based Vedanta
Resources, were causing breathing problems.

Jun 14, 2013

India’s biggest top copper smelter may re-open June 16-sources

NEW DELHI, June 14 (Reuters) – India’s biggest copper
smelter is likely to re-open on Sunday after a two-month
shutdown which was prompted by complaints from nearby residents
about its emissions and has caused tightness in supply of the
metal.

A company source told Reuters on Friday that power for the
smelter, which is run by Sterlite Industries, a unit
of London-listed Vedanta, had been turned on.

Jun 11, 2013

Indian federal police file case against Jindal Steel

NEW DELHI, June 11 (Reuters) – India’s federal police said
it filed a case on Tuesday against Jindal Steel and Power Ltd
over coal mining rights, a new setback for the ruling
party amid a series of corruption scandals.

Shares in Jindal Steel, which is controlled by Naveen
Jindal, a member of parliament for the ruling Congress party,
dropped 15.4 percent.

Jun 11, 2013

CBI files case again Jindal steel, shares plunge 18 percent

NEW DELHI (Reuters) – The CBI registered a case on Tuesday against Jindal Steel and Power Ltd(JNSP.NS: Quote, Profile, Research) over coal mining rights, a spokesman of the law enforcement body said, in a move that knocked nearly a fifth off the value of the company’s shares.

The Central Bureau of Investigation, India’s answer to the American FBI, is investigating whether there were irregularities in the award of the rights, potentially worth billions of dollars, to private firms.

    • About Krishna

      "I have been covering India's metals and mining industries from New Delhi since April Fool’s Day, 2013. Before that I led two teams of reporters covering small-and-medium-sized U.S./Canada-listed energy and resources companies. I have closely followed the solar and shipping industries and love to write on cricket whenever I can."
      Joined Reuters:
      August, 2009
      Languages:
      Assamese
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