The World Meteorological Organization’s State of the Climate in Asia 2024 report warns that the region is warming nearly twice as fast as the global average, driving more extreme weather and posing serious threats to lives, ecosystems, and economies. In 2024, Asia experienced its warmest or second warmest year on …
The first ever advance e-auction, held on March 8, witnessed bidding for close to half a million tonnes of iron ore by large steel mills Advance e-auction for NMDC's iron ore has started off on a promising note with steel mills lapping up the entire lot of iron ore fines …
Say it failed to make good on promises, including one related to the miner's growth NMDC's sole foreign acquisition has hit a roadblock. A few shareholders in Australian company Legacy Iron Ore, acquired by NMDC in 2011, have sent it a notice, asking it to either fulfill the promises made …
The Chhattisgarh government has demanded that NMDC Ltd immediately start supplying iron ore to mineral-starved steel and sponge iron plants in the state and has threatened that if the state-owned miner fails to comply, the state government could take over the central PSU's output and distribute it to units in …
Supreme Court-appointed CEC recommends new system in order to facilitate speedy supply of iron ore to steel mills In an attempt to speed up supply of iron ore to steel mills, the central empowered committee (CEC) has decided to conduct advance e-auction of iron ore produced by state-run miner NMDC …
The Supreme Court-appointed Monitoring Committee, which is supervising the e-auction of iron ore in Karnataka, is likely to bring iron ore dumps for auction later this month. The committee is awaiting final approval from the Central Empowered Committee (CEC) to auction about six million tonnes (mt) of dumps. “The assessment …
After reducing the prices of iron ore for domestic steel mills in the October-January period, state-owned miner NMDC is considering a price rise in February. The company’s board is likely to meet next week to decide on the issue. “The company has taken a policy decision to revise iron ore …
The inter-ministerial committee of the Odisha government constituted to formulate a policy for offering raw materials to state based industries will seek more time for submission of its report. Though the panel was mandated to submit its report by January 30, exactly three months after the notification dated October 30 …
Steel industry expects availability to fall further in 2013-14, no exports recorded since November The severe shortage in iron ore supplies from Karnataka and Goa, where mining was stopped following a Supreme Court directive, and the cap on production in Odisha have led to India becoming a net importer of …
SC stipulated that a max of 25 mn tn of iron ore can be extracted annually from Bellary district, 5 mn tn from Chitradurga, Tumkur district Faced with the constraints on granting new mining leases in view of the cap on extraction of iron ore at 30 million tonne per …
In the absence of transport network and faster envt clearances, benefits will be limited After nearly 40 years of state ownership, the chorus of support for privatisation of coal mines is growing louder. With the economy ravenously short of coal to fire its power plants, and the state-owned Coal India …
Public sector iron ore miner NMDC Ltd has decided to reduce the price of lumps, iron ore with iron (Fe) content of 65 per cent by 5.9 per cent. The price for lumps will accordingly come down by Rs. 320 a tonne from the existing Rs. 5,380 to Rs. 5,060 …
The iron ore-starved steel industry in and around Karnataka might have to wait longer to for the smooth supply of key raw material for its blast furnaces as the opening of Category B mines, which contain larger deposits, is getting delayed. The delay is due to non-fulfilment of certain conditions …
The State government, which has strongly favoured establishment of a Special Purpose Vehicle (SPV) for rejuvenating areas devastated by illegal mining, has found that mining lessees have made windfall profits with little investment and with negligible concern for sustainability. The government is in favour of retaining a higher portion of …
Munat informed the House that the plant would be requiring 6000 cubic meter of water per day during the construction stage and 147120 cubic meter per day for operating the plant. The minister said pipe lines would be laid from Indrawati and Sabri rivers to the plant site for ensuring …
Meet this week to discuss proposal to increase 2013-14 wheat MSP by Rs 100 Riding high on NMDC stake sale garnering Rs 6,000 crore, the Cabinet is expected to discuss on Saturday a proposal to sell 12.5 per cent of its 92.5-per cent stake in state-run Rashtriya Chemicals and Fertilizers …
Loss due to non-revision of domestic prices by the company in line with movement of market price Iron ore miner NMDC has suffered Rs 745.94 crore revenue loss during 2007-10 for not revising the domestic prices of the steel-making raw material in line with prevailing market rates, government auditor CAG …
The Centre today asked the Odisha government to sort out the forest diversion issues expeditiously in the mining areas. Discussing the issue with chief secretary Bijay Kumar Patnaik at the State Secretariat here today, Union joint secretary of steel S Abbasi asked them to speed up the process for forest …
State-owned miner NMDC Ltd is working out a method to enter into long-term supply contracts with buyers for iron ore produced and sold through e-auctions in Karnataka. The company, in a recent submission to the Supreme Court, indicated it would enter into long-term contracts by providing basic price and fixing …
Reeling under serious raw material crises, steel makers in Chhattisgarh want Odisha model in the state for their survival. The Odisha government in its recent order had directed that atleast 50 per cent of the iron ore lumps and 50 per cent of the iron ore fines won from the …
Having received only limited success in their global quest for natural resources, public sector metal and mining companies might turn their focus now on just a handful of mineral-rich countries where the chances of striking deals are much higher. The government has identified four countries — Brazil, South Africa, Canada …
