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 recent decision of the Supreme Court capping iron ore production at 30 million tonnes per annum in Karnataka has not deterred iron and steel companies from expanding their capacities. Both the existing and new steel companies have lined up expansion plans as well as set up greenfield steel plants …
500 mn tonne worth of coal mines is target for acquisitions by 2020 International Coal Ventures Limited, or ICVL, was the epitome of India’s babudom running public sector undertakings (PSUs). Five major public PSUs — NTPC, SAIL, NMDC, Coal India and Rashtriya Ispat Nigam (RINL) — with a war chest …
Supreme Court judgement in the case of Monnet Ispat & Energy Ltd. Vs. Union of India dated 26/07/2012. http://www.stpl-india.in/SCJFiles/2012_STPL(Web)_399_SC.pdf
Leases with SC panel-nod yet to get legal approvals from Indian Bureau of Mines operations unlikely to start before October Steel mills in and around Karnataka that are dependent on iron ore from state mines might have to wait for some more time to get fresh supplies, as the resumption …
New Delhi Steel majors have accused country's biggest iron ore producer NMDC of charging higher prices for ore while exporting at a lower rate and said the “anomaly in pricing mechanism” of the state-run company would lead to higher steel imports. Steel producers said ore prices have come down globally …
NMDC, whose presence in Bailadila predates the Naxal problem, now pours money into security and faces issues of despatching the ore India’s finest iron ore deposits rise abruptly from the forest floor — 32 km of undulating massiveness, four km wide and over 1,260 metres above sea level at its …
Rehabilitation, reclamation plan cleared After receiving brickbats for long, the troubled mining industry has finally got some reprieve. The Central Empowered Committee (CEC) of the Supreme Court has given its nod to eight mining firms located in Bellary and Chitradurga districts to resume their operations. Speaking at a seminar on …
Total capacity pegged at 5.5 mn tonnes, including 2.2 mn tonne mine run by Sesa Goa Karnataka government has recommended approval of eight iron ore mines in the state with a total capacity of 5.5 million tonnes per year, said H.R. Srinivasa, director, department of mines of geology in the …
Rise in demand, input costs and excise duty may push up prices, says think tank CMIE On the back of healthy demand, rise in input costs and hike in excise duty, steel prices are likely to go up by 5.7% this fiscal, according to economic think tank CMIE. “We expect …
New Delhi In a setback to government-owned NMDC’s efforts to acquire assets abroad, Australian firm Minemakers has dropped the iron ore miner as its potential joint venture (JV) partner for developing the Wonarah rock phosphate reserves in Australia. Blaming “NMDC’s inability to make a timely decision” in forging a partnership, …
International Coal Venture Ltd, a consortium of five state-owned steel and power companies, is in talks with New Zealand-based coal producer, Solid Energy, for potential coking coal blocks they can develop together. Sources close to the ongoing discussions said the talks have been led by India’s largest steelmaker, Steel Authority …
The State-run National Mineral Development Corporation (NMDC) and Russian steel maker Severstal are likely to sign a final agreement to set up a steel plant in Bellary by the end of this year. “Both companies have appointed legal consultants to study the project structure, and based on inputs, both firms …
A day after Maoists killed six CISF personnel and a driver inside the biggest iron ore mining facility in the country, the National Mineral Development Corporation (NMDC) complex here remained unguarded. Locals dropped in, “examined” the damaged Bolero, went through belongings of the deceased, noted the bullet marks and clicked …
New Delhi NMDC has decided to go full throttle in securing at least three mines in Russia for about Rs 1,600 crore. Besides, the navratna company will also invest 1,75,950 Australian dollars (Rs 95,02,162) for buying out 50 per cent stake of Legacy Iron Ore Ltd’s mines in Australia within …
NMDC has decided to go full throttle in securing at least three mines in Russia for about Rs 1,600 crore. Besides, the navratna company will also invest 1,75,950 Australian dollars (Rs 95,02,162) for buying out 50 per cent stake of Legacy Iron Ore Ltd’s mines in Australia within two months. …
Even as opinions are divided over the feasibility of such a measure, fissures have already emerged within the Australian polity over the imposition of the controversial carbon tax from July 1 this year. The New South Wales (NSW) government has opposed the introduction of the carbon tax by the federal …
Chennai: State-run iron ore miner NMDC’s decision to increase ore prices by 10% has put the steel industry in a corner, most of whom were expected to announce price increases over the next few days. NMDC has said the prices of iron ore lumps have been increased by 10 % …
In a relief for the mining industry, the Supreme Court today proposed resumption of operations in 45 iron ore mining leases in Karnataka, provided they abide by the Reclamation and Rehabilitation (R&R;) plan put in place. This follows a recommendation from the Supreme Court-appointed Central Empowered Committee (CEC) investigating illegal …
Proposes allowing one category of 45 lessees for now, with strict riders including approved R&R; plan in line with earlier guidelines; more stringency for others The Central Empowered Committee (CEC) appointed by the Supreme Court to probe illegal mining in Karnataka has recommended restarting of operations in one of the …
With barely eight million tonnes (mt) of iron ore left for auction in Karnataka, sufficient to fire the steel mills’ furnaces for two months, iron and steel companies in and around the state, including JSW Steel and Kalyani Steel, are in dire need of the key raw material. In the …
