Russia invited India to Far East

MINEX FORUM | March 10, 2017
img0 Image: economictimes.indiatimes.com Moscow’s invitation to New Delhi to enhance its economic presence in Far-Eastern Russia — a region where Chinese businesses and citizens have made significant inroads – appears to be Kremlin’s attempt to counter-balance Beijing in the resource-rich territory twice India’s size, economictimes.indiatimes.com reported. Russian Deputy PM and President Vladimir Putin’s pointsperson for Far-East Russia, ...

Indian demand will increase – WGC

MINEX FORUM | March 9, 2017
img0 A barrage of policy initiatives, aimed at purging India of black money and instilling greater transparency, have rocked the country’s economy, including its gold market, said in the last World Gold Council’s report. The most dramatic was the radical decision to demonetise over Rs15 trillion, equivalent to US$220bn. Other policies – such as the re-introduction ...

India opens its mineral resources for drones

MINEX FORUM | November 10, 2016
img0 Image: westcoastplacer.com The India’s Union mines ministry is exploring possibilities of use of drones (unmanned aerial vehicles) in different mine related functions including exploration, surveillance, regulation and operation of mines, managing waste dumps and post mining reclamation of land, Business Standard News reported. To achieve successful applications of drones, the ministry has asked PSUs controlled by ...

India’s gold trade is imploding

MINEX Forum | July 26, 2016
img0 On Monday gold continued to drift lower trading around $1,320 in afternoon dealings after earlier in the day touching a near 0ne-month low, mining.com reported. For 2016 the metal remains firmly in a bull market adding more than 24% or some $260 an ounce, the best year-to-date performance in decades. Gold’s rally this year comes despite a sea change in what has ...