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 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 …
Green nod crucial to ensure iron ore supply SAIL may face iron ore shortage, if the country’s largest steel producer cannot resume production by January, at its 2.4 million tonnes a year Durgaiburu mine in Jharkhand. It is the oldest and largest mechanised (1,443 hectare) mine of the Gua complex …
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 …
Hyderabad The government-owned iron ore miner NMDC has reported a 15% drop in its net profit at R1,678.62 crore during the second quarter ended September, due to lower production. The company had a net profit of R1,963.15 crore in the Q2 last year. The firm’s net sales fell 14.71% to …
Mumbai Govt looks to sell 12.15% through OFS route to raise about R1,400 crore The government has, on several occasions, indicated that it plans to embark upon its FY13 divestment plan by selling 10-12% stakes in natural resources giants National Aluminium company (Nalco) and National Mineral Development corporation (NMDC). While …
Steel Minister Beni Prasad Verma today pulled up SAIL and RINL over their "unsatisfactory" performances and said the two public sector firms could have fared better if their expansion and modernisation programmes were completed on time. "I am not satisfied with the performances of SAIL and Rashtriya Ispat Nigam Ltd …
Iron ore mining operations have been restarted in Karnataka's Bellary and Chitradurga districts, a year after these were suspended, following a Supreme Court directive. After securing all statutory approvals, two Category A mines have resumed mining, offering hope of regular iron ore supply to the ore-starved steel industry. According to …
Kolkata The inter-ministerial group on coal blocks will meet on November 5 and 6 to finalise the norms for allocation of 13 de-allocated coal blocks to private sector undertakings (PSUs), said coal minister Sriprakash Jaiswal at the 38th Coal India (CIL) foundation day. On further deallocation of coal blocks from …
Mumbai The government intends to start its 2012-13 divestment plan by offloading a further 10% stake in the state-owned iron ore producer, National Mineral Development Corporation (NMDC), through the offer for sale (OFS) mechanism for nearly R7,000 crore. Even though the government had to defer its plans of diluting stake …
The state is the highest producer of high-quality sized iron ore and fines, with annual output surpassing 75 mn tonnes Odisha, the largest producer of iron ore in the country, is mulling canalisation of iron ore trade by appointing a designated agency in order to bring in transparency and generate …
The company has got the entire 2,700 acres of land near Bellary, Karnataka ArcelorMittal has finally crossed the biggest hurdle in setting up any project in India -- land. The company has got the entire 2,700 acres of land near Bellary, Karnataka, required for its steel plant from the state …
Finance Minister P Chidambaram on Monday said the mines ministry had moved a note for the sale of the government’s residual stake in Hindustan Zinc Ltd (HZL) and Bharat Aluminium (Balco). The matter would go to the Cabinet and the finance ministry would give its views in due course, he …
New Delhi Taking the first step towards raising R30,000 crore from disinvestment during the current financial year, the Cabinet Committee on Economic Affairs (CCEA) on Thursday approved the disinvestment of 10% paid-up equity capital of National Mineral Development Corporation (NMDC). The government currently holds 90% stake in the mineral exploration …
The transaction is likely to fetch the Centre Rs.7,000 crore The Cabinet Committee on Economic Affairs (CCEA), on Thursday, cleared a 10 per cent stake sale of the Centre’s equity holding in NMDC through the ‘offer for sale’ route. The transaction is likely to fetch about Rs.7,000 crore. The CCEA …
Global metals & mining major Rio Tinto said it was not keen on exporting iron ore to be produced from its proposed mining project in Odisha, maintaining that its priority was to cater to raw material needs of local industries. Rio Tinto was to take up the $2 billion iron …
The monitoring committee constituted by the Central Empowered Committee (CEC) of the Supreme Court on Friday gave its consent to three mining firms, which operated in Bellary and Chitradurga, to resume mining. Official sources said the committee comprising three members - H R Srinivasa, Director, Department of Mines & Geology, …
At the e-auctions held on October 5 for 1.14 mn tonnes of iron ore, buyers showed interest to buy barely 160,000 tonnes Even though steel mills are facing acute shortage of raw materials for their blast furnaces, they showed no urgency to buy iron ore at the recent electronic auctions …
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
PANJIM: Communist Party of India (Marxist) organised a workers rally from Panjim Kadamba Bus Terminus which culminated in a public meeting at Azad Maidan, to press for their demand to nationalise mining in the State and its takeover by proposed Goa Mineral Development Corporation. The rally was addressed by Tapan …
The country's largest miner has decided to review prices every month now, instead of once every three months Local steel makers were in for a surprise when NMDC Ltd, the country’s largest iron ore miner and supplier to most steel and sponge iron makers, announced a cut of up to …
