Australia-India consortium wants to restart historic gold mine 2016-04-12An Australian-Indian consortium wants to restart gold mining in a district that helped symbolise former British rule in India and produced some 25-million ounces over 150 years before being abandoned due to low bullion prices. Mining in the Kolar gold field in Karnataka state in Southern India ended in 2001 as gold prices slumped. But a government tender could lead to mining leases held by Bharat Gold Mines Ltd sold to the highest bidder and operations resume.
Essel targets potash licence in Eritrea 2015-08-11Essel Group India subsidiary Essel Group Middle East (EGME) has continued its expansion into the African mining sector through the acquisition of Canadian company NGEx Resources’ Bada potash exploration licence, in Eritrea. The company aimed to start the first phase of drilling at the little-explored 736 km2 mining area located in the Danakil Depression, about 150 km southeast of Eritrea’s capital city, Asmara, in October.
Company 2015-05-10Essel Mining & Industries Limited (Essel) is part of the Aditya Birla Group, India's first truly global corporation with operations in 36 countries. The company is amongst India's largest iron ore mining companies and has also made forays into coal and dolomite mining.