SynopsisIndia splurged a record $55.7 billion on gold imports in 2021, buying 1,050 tonnes – the most in a decade, and far more than the 430 tonnes imported in 2020.Getty Images”It makes sense for India to develop mining capacity. But change is needed for this to happen, legacy hurdles must be reduced considerably, and investments…Continue Reading
State-owned mining giant NMDC has produced 8.87 million tonnes (MT) of iron ore during January-February 2022, a year-on-year rise of about 13 per cent. According to company data, NMDC had produced 7.72 MT of iron ore during the first two months of 2021. During the period under review, the country’s largest iron ore miner saw…Continue Reading
A vial labelled “Sputnik V COVID-19 Vaccine” is seen in this illustration taken January 16, 2022. REUTERS/Dado Ruvic/IllustrationRegister now for FREE unlimited access to Reuters.comNEW DELHI, March 2 (Reuters) – India’s production and exports of Russia’s Sputnik COVID-19 vaccines are expected to slow further following U.S. sanctions on Russia’s sovereign wealth fund that promotes the…Continue Reading
OPEC and its allies are expected to revive more oil supplies when they meet next week, underscoring the group’s optimism in the outlook for global demand. The 23-nation alliance led by Saudi Arabia and Russia is likely to proceed with another modest monthly hike of 400,000 barrels a day as it restores production halted during…Continue Reading