With misclassification of different grades of minerals by mining leaseholders found to be at the root of illegal mining, the Union mines ministry has tightened the procedure to be followed by states for grading and determining the average sale price (ASP) of iron ore and other major minerals. Pointing out …
The recent clamp-down on miners by the Odisha government, the largest producer of iron ore in the country, is likely to affect India’s sponge iron production by around 15 per cent in the current financial year, according to the Sponge Iron Manufacturers Association (Sima). “Since Odisha is the largest producer …
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 …
The Odisha state government has been on an overdrive since the Shah Commission gave its report on Goa mining. During the last couple of months, the state mining department has issued circulars, policy guidelines, closure notices and formed a GoM, among other things. Continuing with these efforts to hoodwink the …
The government’s bid to curb illegal mining has resulted in a steep fall in iron ore production. From 208 million tonnes in 2010-11, production is expected to slide to 100 million tonnes(mt) this year. Provisional figures from the Indian Bureau of Mines indicate t ore production during April-September stood at …
New Delhi: This might have looked improbable until a couple of years ago, but recent curbs on mining of iron ore in regions rich in this natural resource have prompted Indian firms to import this key input for the steel industry. The country’s largest iron ore exporter, the Goa-based Sesa …
Ore Team, a steel and steel-making commodities research house that provides industry professional with real-time news and analysis, pricing information and key research notes, will organise a two-day international conference on iron ore mining industry in Hyderabad from December 13. With all the major iron ore mining regions in the …
Electronic sale of key bulk minerals in Odisha like iron ore, manganese and chrome ore is expected to start from April 2013. E-auction services will be offered by Kolkata-based MSTC Ltd. “We are making efforts to launch e-auction of iron ore, manganese and chrome ore from April 1, 2013. In …
Jamshedpur The HIsarna iron making technology being developed jointly by a consortium of steelmakers in Europe led by Tata Steel, holds prospects of not only being a major green technology but also promises 25% savings in terms of capital expenditure (capex) and operational expenditure (opex). The technology, which has steel …
Hopes for restart of Goa's iron ore mines in any near future receded on Wednesday, with the Supreme Court-appointed Central Empowered Committee (CEC) indicating after a hearing of over three hours here that it won't recommend lifting of the ban slapped by the court on October 5. Former environment and …
Acquisition to feed steel plants, power projects in India Monnet Ispat and Energy Ltd (MIEL), India's second-largest coal-based sponge iron producer, is set to soon acquire majority stake in a 25-million tonne (mt) coal mine in Colombia. The Rs 1,960-crore MIEL wishes to feed its steel and captive power plants …
Bhubaneswar: To ensure smooth supply of ore to Odisha-based industries on a long-term basis, the first meeting of the ministerial committee would be held on November 26 to formulate a policy to this effect. It may be mentioned that the state government has constituted a three-member ministerial committee comprising of …
The joint field verification of mines, which are excavating beyond their leasehold area, by the officials of the Odisha government and Indian Bureau of Mines (IBM) is expected to start from November 21. “The Shah commission had pointed out some cases of mining beyond leasehold area and has asked us …
The proposed capacity expansion would help it feed its upcoming steel-making plant in Chhattisgarh and also partly meet domestic steel makers growing demand State-run NMDC plans to increase its iron ore production capacity to 48 million tonne per annum (mtpa) by 2014-15 from current installed capacity of 32 mtpa. The …
Increasing inventory, low realisation, risk rising employee costs may keep tab on stock prices in near-term Steel Authority of India limited (SAIL) has lost nearly six per cent since its results on November 8 when it reported a net profit growth of 9.8 per cent year-on-year to Rs 543.11 crore …
Electronic sale of minerals from odisha likely to begin from Jan 2013 The Odisha government will enter into a memorandum of understanding (MoU) with Kolkata-based MSTC Ltd for selling of key bulk minerals like iron ore, manganese and chrome ore on the e-auction platform. The MoU would outline the roles, …
Tata Steel fears that it may have to start its 3-million-tonne Kalinganagar steel plant without a captive iron ore mine, since the state has not taken any initiative as yet to allot it a mine. Anand Sen Tata Steel’s vice-president for quality management and in-charge of Kalinga Nagar project told …
At Friday's e-auctions, NDMC had fixed a base price of Rs 4,500-5,000 per tonne, depending on the grade of iron ore (a mix of calibrated ore and fines, with 63-64 per cent Fe) Despite state-owned mining major NMDC announcing a cut in iron ore prices, steel companies haven't shown much …
Sarada Mines has been found to sell its entire run of mine (ROM) produce to JSPL without any agreement The Shah Commission of enquiry, mandated to probe into allegations of large scale illegal mining, has asked Jindal Steel & Power Ltd (JSPL) and Sarada Mines to submit relevant information on …
CPI-Maoist have formed several committees to oppose the project Bhilai Steel Plant (BSP), one of the main steel-producing units of Steel Authority of India (SAIL), ‘will fund construction of barracks’ for paramilitary forces to ensure security for the coming mining project at Raoghat in Kanker, central Chhatisgarh. The construction has …
Tata Steel on Tuesday said it would contest the Rs 6,000-crore fine imposed on the company by the Odisha government over alleged violation of mining norms in the state. The company, which has captive iron ore and manganese mines and dolomite quarries in Odisha, was slapped a fine of about …
