Jul 25, 2021 09:17 PM IST
Unifor issued a 72-hour strike notice on Wednesday after nearly seven weeks of unproductive talks over proposed changes to workers' retirement benefits and unresolved grievances.
- Sep 11, 2020 12:30 PM IST
Rio Tinto faced a growing investor revolt over the destruction of the sacred site in the Juukan Gorge in Western Australia's remote Pilbara region -- one of the earliest known locations inhabited by Australia's indigenous people.
- Oct 27, 2017 08:02 AM IST
The central state of Madhya Pradesh was likely to invite bids in the first week of November to explore the deposit, which is estimated to hold around 32 million carats of diamonds, a senior state government official said.
- Sep 22, 2017 08:30 AM IST
The action raises the world no.2 miner's total buybacks this year to $4 billion following announcements in February and August, as miners benefit from recovering prices and costs reduced by years of cutbacks. Investors have been pressing for greater returns.
- Nov 17, 2016 10:19 AM IST
There is no suggestion that the officials or consultant acted illegally. But emails detailing payments, which involve two former Rio Tinto chief executives, are a blow to a group that has campaigned for transparency even in complex countries and in projects as tough as Guinea's USD 20 billion Simandou mine.
- Mar 14, 2016 02:52 PM IST
The world's third-largest coal importer wants private companies to contribute about a third of an annual production target of 1.5 billion tonnes by 2020, but the hold up in opening the sector to non-government companies for the first time in over 40 years may mean India will fall well short of that mark.
- Jan 21, 2016 11:01 AM IST
"2016 should end much better than it has started off for investors, ultimately providing okay investment returns, but expect a continued volatile ride," Shane Oliver, head of investment strategy at AMP Capital, said in a note Thursday.
- Jan 11, 2016 04:30 PM IST
The Shanghai composite tumbled 168 points, or 5.29 percent, to 3,017.99, while the Shenzhen composite plunged 130.61 points, or 6.6 percent, to close at 1,848
- Sep 24, 2015 08:04 PM IST
The move comes in the backdrop of government's plans to encourage mines exploration in the country, which has so far not been able to attract private participation on account of lack of policy bottlenecks as well as favourable business opportunities.
- Sep 23, 2015 09:45 AM IST
Stocks that are in Limelight: Bharat Heavy Electricals, Vedanta Resources, Glencore, Anglo American, KAZ Mineral, BHP Billiton, Rio Tinto, United Spirits, Larsen and Toubro, Visa Steel, Sterlite Technologies, Concord Drugs, Tide Water Oil, Maruti Suzuki India, Motherson Sumi Systems.
- Sep 16, 2015 09:39 PM IST
Carroll, who sits on the board of oil major BP, will join as the chairwoman of Vedanta Resources Holdings Ltd, in an advisory role.
- Sep 16, 2015 10:55 AM IST
On challenges, the report said increasing regulatory pressure, uncertainty on mine allotments after passing of the MMDR Amendment Act, 2015, along with increased competition and growing threat from imports of iron ore are some of the issues that may impact the company's performance.
- Sep 03, 2015 02:27 PM IST
The topic was discussed in a meeting held yesterday between Steel and Mines Minister Narendra Singh Tomar and his Australian counterpart, Minister for Industry, Science and Resources Ian Macfarlane, an official statement said on Thursday.
- Aug 19, 2015 09:26 AM IST
Benchmark API2 2016 coal futures last settled at USD 52.85 a tonne, a level not seen since November 2003
- Jul 24, 2015 02:36 PM IST
Mining baron Anil Agarwal-run Vedanta Ltd on Friday said itsmerger with cash-rich Cairn India is not for refinancing its Rs 77,752 crore gross debt, but to simplify the group's business structure.
- Jun 22, 2015 08:04 AM IST
Australian Trade and Investment Minister Andrew Robb, who is here for a three-day visit, will also attend the Australia-India CEO Forum. The co-chairs of the forum are Rio Tinto CEO Sam Walsh and Adani Group Chairman Gautam Adani.
- May 27, 2015 11:17 AM IST
IRONORE-CITIGROUP-FORECAST:Citigroup cuts long-term iron ore forecast to $55 as demand shrinks
- Apr 21, 2015 08:04 AM IST
The abrupt departure over the weekend of Martens, a former Ford executive who took over the role in 2009, comes as Novelis has successfully positioned itself as a key supplier of flat rolled aluminum products to the automotive industry, where demand for the lighter metal is burgeoning as automakers seek to design more energy-efficient vehicles.
- Apr 13, 2015 11:52 AM IST
Spot iron ore has lost 60 percent over the past 12 months, dropping below USD 50 a tonne this month for the first time since a key index pricing began in 2008, amid a glut as mega miners Vale, Rio Tinto and BHP Billiton expanded production.
- Feb 12, 2015 04:00 PM IST
Walsh and Chief Financial Officer Chris Lynch did not make any promises about further buybacks a year from now, but said the company should have enough flexibility to consider one.
- Feb 03, 2015 08:58 AM IST
Indian conglomerates such as the Adani Group and GVK are expected to bid for coal blocks, but foreign firms will be harder to attract after previously facing obstacles to investing.
- Jan 27, 2015 02:21 PM IST
"The combination of a further increase in global iron ore supply this year and only subdued demand growth suggests iron ore prices will continue to drift lower," said Caroline Bain, an analyst at Capital Economics, in a note Monday.
- Jan 23, 2015 08:16 PM IST
Anil Agarwal, group chairman, Vedanta Resources told CNBC-TV18‘s Menaka Doshi that the company wants to create an Indian natural resources giant, which can compete with the likes of Rio Tinto.
- Jan 12, 2015 08:43 PM IST
Global mining giant Rio Tinto today said it is planning to invest USD 500 million in a diamond project in Madhya Pradesh, while it would create 30,000 jobs in diamond cutting business in India.
- Jan 12, 2015 04:28 PM IST
Reports say that mining baron Anil Agarwal is mulling merging Cairn and Hindustan Zinc into his flagship Vedanta Group firm Sesa Sterlite to create a global natural resources giant to rival Rio Tinto or BHP Billiton.