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 Union government is "looking into" the issue of banning iron ore exports as demanded by the steel makers, Steel Secretary R S Pandey said today. "The issue was being looked into by the government," Pandey told reporters on the sidelines of a function here. Expressing concern over lagging steel …
The Orissa government is all set to recommend the Khandadhar iron ore mines to South Korean steel major Posco. Its recommendation letter is likely to be dispatched some time in the first week of next month as all formalities related to the hand-over have been carried out. There were as …
Hospet, a small town around 350 km from Bangalore, is perennially cloaked in a red dust that emanates from the scores of pit iron ore mines that dot the area. According to numerous watchdog groups, such as
India's largest iron ore producer and exporter, NMDC Ltd, may review exports to Japanese steel mills and South Korea's Posco in a bid to increase availability in the domestic market and restore the anomaly in net realisations from exports and domestic prices. Currently, domestic prices are higher than export realisations …
Rio Tinto last night slammed Chinese steelmakers over increasingly aggressive negotiating tactics, after the China Iron & Steel Association called for its members to boycott the Anglo-Australian mining group's spot sales of iron ore. The steelmakers have failed to agree a 2008-09 annual contract price with Rio and BHP Billiton …
After Tata Steel, Essar Steel is likely to join the race for Brazilian miner and steelmaker CSN's Nacionale Minerios (Namisa), a fully integrated iron ore company, Sources close to the development said Goldman Sachs has approached Essar with the acquisition proposal and the company was considering it. Goldman Sachs, which …
Step into Jharkahnd's Tentoposi village in Seraikela district and you will be greeted with hostile glances. Sitting on rich mineral reserves of iron ore, residents of this village are constantly under the fear of displacement and loss of livelihood sources. Tata Steel has already announced that it will set up …
The United Goans Democratic Party has said it is deeply disturbed by news reports that the imposition of a 50 rupees cess per ton on extraction and sale of minerals is a mere ploy to extort money from the mine owners. UGDP Acting President, Radharao Gracias has called upon the …
Government-owned NMDC, India's single largest iron ore producer and exporter, is in talks with Canada's New Millennium Capital Corp (NML) for a $3.5 billion (Rs 14,000 crore) project to develop one of the world's largest undeveloped low-grade (magnetite) iron-ore deposits. Confirming this, Rana Som, NMDC chairman and managing director, said …
Andhra Pradesh Chief Minister Y. S. Rajasekhara Reddy strongly defended mining leases given for extracting iron ore, bauxite and granite reserves in the State claiming that all these were done in a fair and transparent manner. On a day of high voltage drama in the Assembly, the Telugu Desam Party …
This study examines the utilization of iron ore in India. It takes into account the significant reserves of iron ore in India and allays fears that the country's steel industry will run out of iron ore resources if exports continue at the current level. On the contrary,it says that exports …
THEglobal steel sector is passing through a phase of extraordinary growth due to all round growth in steel demand led by China and India. International Iron & Steel Institute's (IISI) provisional report shows that the world crude steel production has increased from 1,250 million tonne in 2006 to 1,343 million …
THE battle for controlling iron ore resources in the country is far from over. After the steel industry's demand for further curbs on iron ore exports, the mining industry has come up to rebut claims that ore exports would diminish country's resources which are required for value addition within the …
Scientists have discovered a new species of limbless lizard from Orissa's Khandadhar hills. "This 19-cm-long lizard looks like a scaly, small snake,' says Sushil Kumar Dutta, a zoologist from the North Orissa University, Baripada, who led the team of researchers on a field study to the hills in Sundergarh district. …
Anaemia is a widespread condition in India. The biggest cause is malnourishment and iron-poor diets. Though the best remedy is a good diet, anaemia has spawned a huge market for iron supplements, usually of the expensive variety (see box: Market slice). A 2006 market survey by the Drug Action Forum-Karnataka …
I wrote last fortnight about how mining in Goa for iron ore was ripping its forests and devastating its people. I wrote of the violence and protests I saw in its villages, where miners were pitted against people angry at the loss of their cultivable lands and their water bodies. …
Moving towards privatisation of mining in India, the Union government granted Essar Steel Limited a prospecting licence in February 2007 to mine iron ore reserves in Chhattisgarh's Dantewada district. The licence was given after the National Mineral Development Corporation's 30-year lease expired on February 3, 2007, without any excavations having …
six mine labourers died in a recent landslide in Tollem iron ore mine in Goa's Sanguem taluka. Only two bodies have been recovered; the rest remain buried under a heap of mining waste, estimated to be about 150 metres high and covering an area of 12,000 sq m. Villagers allege …
This fortnight 12 tribals were killed in a police firing in Orissa. Their crime: protesting against the acquisition of their land for an industrial park. The state says that it had 'acquired' some 4856 ha of land some years ago and paid handsome 'compensation' to people who held land rights. …
The red earth of Karnataka's Bellary district has become a symbol of the region's red-hot iron ore market, witnessing an unprecedented boom. Bellary has been supplying iron ore to China for the last few years and the Chinese demand for the ore has spiralled like never before, ever since Beijing …
