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The reserves of an estimated 240 million tonnes of 2.3 percent grade copper are believed to be worth at least $50billion. China’s Jiangxi Copper has a 25 percent stake in Mes Aynak with Metallurgical Corp of China (MCC) and a 30-year contract worth US$3 billion to develop the deposit, touted as one of the world’s largest untapped high-grade projects.
Countdown to 2047: How a new energy mix could turbocharge India growth storyCurrently, coal is the country’s top energy source with a share of 44%, followed by oil (24%) and biomass (22%). Natural gas accounts for 6% and primary electricity — hydro, nuclear, solar, wind — is at 4%.
from News-Economi… Read MoreBarring a few, Indian leaders mum on Salman RushdieNo official statement from PM Narendra Modi, the BJP or the Gandhis and the Congress - or most regional biggies including most chief ministers or the so-called Gen Next leaders - have come till the time of writing on Saturday… Read MoreSri Lanka permits Chinese spy ship to dock from August 16Sri Lanka had earlier requested China to defer the visit, which was earlier being planned between August 11-17. The people cited earlier said a deal between Sri Lanka and Beijing, which might have influenced Sri Lanka to chan… Read MoreTrump's Mar-a-Lago, a security 'nightmare' that housed classified documentsTrump is under federal investigation for possible violations of the Espionage Act, which makes it unlawful to spy for another country or mishandle U.S. defense information, including sharing it with people not authorized to r… Read MoreChina hits 'liquidity trap' as low rates fail to spur loansThe People's Bank of China has refrained from cutting policy interest rates since lowering them in January and has focused instead on persuading banks to boost their lending, especially to targeted sectors like small business… Read More
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