There were reports of illegal iron ore mining taking place in the Obulapuram Mining Company from Andhra Pradesh, which is under the ownership of much famous Reddy brothers has now received orders from High Court. The Andhra Pradesh high court has now intervened and instructed the CBI to probe into the case.

Negotitations are very much on between Adani Enterprises, the biggest coal importer of the country and Coal India Limited, the largest coal producer of the world regarding an agreement for a long-term supply. If the deal is struck then Adani based in Ahmedabad will be supplying coal linkages to CIL from its mines located in Indonesia and Australia.  

Today Coal India Limited (CIL), the biggest coal producer of the world has started taking subscriptions for its IPO. CIL has plans to raise an amount of fifteen thousand crores of rupees from the issue. This figure is the highest amount in the nation’s history as Reliance Power had earlier made this record and raised eleven thousand crores of rupees.

Coal India, the largest coal miners of the world will be raising in the tune of three decimal five billion dollars from its launched IPO which is definitely more than what was expected earlier as the market is witnessing a strong rally and lots of investors are showing their interest for investing in the company.

India's state-run aluminum producer, National Aluminium Co. Ltd (NALCO) said that it is looking forward to buy stakes in Indonesian coal mines.

NALCO is taking these steps since it wants to have a secure supply of aluminium project in East Kalimantan at Borneo Island, one of its key geographical area.

BHP Billiton Ltd., the globe’s biggest mining company, might announce a near-record annual gain tomorrow, further assisting to push its $39 billion hostile takeover offer for Potash Corp. of Saskatchewan Inc.

Canada's Potash Corp. of Saskatchewan Inc. is contemplating partnerships with international companies that could put mutually a contending offer to Anglo-Australian miner BHP Billiton's hostile $38.6 billion bid for the fertilizer giant, according to a report Friday.