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 …
A high-powered committee of the steel ministry has suggested that the state-run mineral giant NMDC fix its iron ore prices on a quarterly basis for its domestic buyers, benchmarking the price at which it exports to Japan and South Korea. This is likely to trigger resentment among the steel producers, …
Bhubaneswar: The Odisha government on Wednesday said that the state government is hopeful of renewing the MoU with Posco India by June-end but a decision on the controversial iron export clause has not been taken yet. The steel and mines department is examining whether to delete the provision. The renewed …
Says supply gap exists in iron ore market; seen as sign that China to remain strong buyer Rio Tinto will speed up its $14.8 billion iron ore expansion project in Australia by six months, joining other miners in hurrying production to fill a supply gap for the steel-making commodity. Big …
Bhubaneswar : Departments to report within 15 days, to check with Centre on ore export. A high-level meeting held on Tuesday for renewing the lapsed Memorandum of Understanding (MoU) between the state government and Posco India, domestic arm of the Korean steel major for the latter
State-run KIOCL has got the lease to the 10 million tonnes Chikkanayakanahalli or CNH iron ore reserve, paving the way for supplies to its ore plant at Mangalore for at least three years, according to a senior executive. KIOCL, formerly Kudremukh Iron Ore Company, was forced to give up its …
Bhubaneswar : The revised Memorandum of Understanding (MoU) with Posco India will contain the revised project plan proposed by the South Korean steel major and also the mandatory employment clause of the Orissa government. Top officials of the state government are set to meet tomorrow at the state secretariat to …
Bhubaneswar The Jindal Steel & Power Ltd (JSPL), which is all set to commission its 2 million tonne steel plant next month, is desperately looking for iron ore linkage. JSPL vice-president and managing director Naveen Jindal urged Orissa chief minister Naveen Patnaik for allotment of a captive iron ore mine …
A vacation bench of the Supreme Court today refused to entertain the plea of iron and steel manufacturers of Karnataka that the miners in the state should be allowed to mine iron ore till the pannel appointed by it conducts a survey and finds violation of the mining lease. A …
Describing the procedure of fixing the sale value of iron ore by Indian Bureau of Mines (IBM) as incorrect, Chief Minister Naveen Patnaik has requested the Centre to revise the price to match the prevailing market rate. Naveen said in a letter, reportedly written to Union Minister of State for …
Panaji: The Goa government Monday ordered closure of an illegal open cast iron ore mine at Cavrem in face of a sustained campaign by tribals living in the area. Chief Minister Digambar Kamat, who also holds the mining portfolio, ordered closure of the mine at Cavrem after hundreds of tribals …
Bhubaneswar: South Korean steel major Posco has been asked to submit an application for renewal of its lapsed MoU with the Odisha government in view of the comments by Union environment minister Jairam Ramesh over the export of iron ore in the earlier memorandum. The Union minister has made some …
BHUBANESWAR: Union Minister of State for Chemicals and Fertilisers Srikant Kumar Jena has suggested that the State Government should take control over all the chromite and iron ore mines in Orissa. In a letter to Chief Minister Naveen Patnaik, the Union minister said the mineral wealth of Sukinda valley itself …
New Delhi: A week after stalling exploration of iron ore in 19 mines, the Supreme Court on Friday turned the heat on alleged rampant illegal mining activity in Karnataka by setting up a joint inspection team and empowering it to close down those which breached the mine lease conditions. The …
Most sponge iron manufacturers in Karnataka are facing a threat of closure, thanks to the shortage of iron ore supplies to their mills. There are as many as 51 medium scale units, with a combined production capacity of 12,600 tonnes per day (4.5 million tonnes per annum), able to work …
Kolkata Demand growth in steel consumption will form the basis of the new national steel policy, a draft of which is expected to be ready in another six months. PK Misra, Union steel secretary, at an interactive organised by the Merchants
Under pressure from the Public Accounts Committee of the legislative assembly, closure of 15 mines has been ordered, while the remaining 47 are on the radar for similar orders. Around half of Goa
