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First Indian gold refiner approved to join LBMA standard

Last Updated: Friday, May 16, 2014, 19:13

MMTC-PAMP has become the first Indian gold refiner to join the London Bullion Market Association`s good delivery list, which could help encourage Indians to sell hoarded stocks of gold bars and jewellery.

CIL board may take up awarding coal import contract

Last Updated: Friday, May 09, 2014, 15:58

The board of state-owned Coal India Ltd may consider the issue of awarding contract for coal import in a meeting likely to be held by the month-end.

India exports wheat worth Rs 2,590 cr

Last Updated: Wednesday, May 07, 2014, 17:22

Government has exported 1.5 million tonnes wheat for an estimated Rs 2,590 crore out of 2 MT stocks allowed for overseas shipments from surplus stocks of Food Corporation of India (FCI).

Coal India gets single bid from MMTC for coal import contract

Last Updated: Sunday, April 06, 2014, 14:14

"We are still in the process of evaluation of the expression of interest," an official of the state-owned coal mining company said.

MMTC plan for retail sale of gold not a collective scheme:SEBI

Last Updated: Tuesday, January 21, 2014, 18:27

MMTC, along with Swiss firm PAMP plans to sell gold to retail customers through the JV -- MMTC-PAMP India Pvt Ltd.

Stung by curbs, iron ore firms throw in the towel

Last Updated: Thursday, January 02, 2014, 10:21

Bans on iron ore mining and exports in top producing states of Karnataka and Goa have choked the industry so hard that MMTC is one of many firms exiting.

Stung by curbs, iron ore firms throw in the towel

Last Updated: Thursday, January 02, 2014, 07:36

Top trader MMTC`s $80 million iron ore export terminal, ready since 2010, has never handled a cargo. Now the company wants to spend $16 million to convert the terminal to ship coal.

CBI arrests businessman, MMTC official for irregularities

Last Updated: Friday, December 27, 2013, 18:12

The Central Bureau of Investigation (CBI) has arrested two persons in connection with alleged irregularities in gold imports, a senior official on Friday said.

FCI expects to earn Rs 3,400 cr from wheat exports

Last Updated: Tuesday, December 17, 2013, 19:13

State-owned Food Corporation of India (FCI) is expecting to earn more than Rs 3,400 crore from wheat exports in the current fiscal.

Gold imports to decline by 41% this year: MMTC chief

Last Updated: Wednesday, November 06, 2013, 19:07

Gold imports are likely to decline by 41 percent to 500 tonnes this financial year on account of curbs imposed by government, a top MMTC official said Wednesday.

Payment fiasco at NSEL: MMTC, PEC to get Rs 343 cr

Last Updated: Monday, August 19, 2013, 18:07

About Rs 343 crore of state-owned trading firms MMTC and PEC is stuck with the crisis-ridden National Spot Exchange which has to settle nearly Rs 5,400 crore with 148 entities including many brokerage firms.

MMTC share sale oversubscribed; govt expects to get Rs 568 crore

Last Updated: Thursday, June 13, 2013, 09:45

The indicative price was Rs 60.88 apiece, higher than the base or minimum offer price of Rs 60 a share.