Vedanta Resources Chairman Anil Agarwal on Sunday declared that it will bid for the Ultra Mega Power Projects and coal blocks as and when the government puts them on auction and added it has plans of Rs 70,000 crore till 2011-12. For full story, click here
After a dark winter for Canadian coal producers, spring supply contract negotiations halfway around the world are providing a glimmer of light at the end of the mine shaft. As news of the pricing agreement filtered through the market last week, Canadian coal stocks have reaped the benefits.
Market is still not sure how and when the US economic stimulus plan would stir up the weakening demand. For full story, click here
Xstrata Plc said plans to expand production of rhenium at a project in northern Chile have been shelved. For full story, click here
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