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Any export limits could support iron ore prices. Smaller steelmakers in India are pressing for a ban on exports of iron ore, after a surge in sales to Chinese mills pushed up local prices. Indian exports jumped 170% to 44 million tons last year — most of which went to China — at a time when domestic demand for the raw material is rising.
Bhushan said the state has so far collected nearly Rs 20,000 crore from the sale of iron ore minerals allegedly extracted unauthorisedly from the mines and the amount was to be used for welfare of ...
The Hyderabad-based Navratna achieved this feat in financial year 2023-24 (FY24) with a production of 45.1 MT and sales of 44.8 MT iron ore in FY24 that drew to a close on Sunday, a 10% growth in ...
Data & Insights. Market Sizing & Shares. India's iron ore production slowly gains traction, expected to touch 276.4Mt by 2025. Share. After several years of growth, India's iron …
New Delhi, Jul 23 () ArcelorMittal India has commenced operations at Thakurani iron ore block in Odisha. The announcement was made by ArcelorMittal Nippon Steel India, which is a 60:40 joint ...
NMDC sets 100 MT iron ore production target by 2030. By the targeted year 2030, the government also aims to increase India's total steelmaking capacity to 300 MT. Iron ore is the main ingredient used for producing the metal besides coking coal.
MELBOURNE/LONDON: Iron ore is rallying the most in about two years as analysts predict that China, the biggest buyer, will import a record amount in 2013 as its accelerating economic growth spurs demand for steel. Trade to China will climb 6.9% to 778 million tonne in 2013, or 65% of all shipments, according to the median of 10 analyst ...
Rake of export iron ore fines launched. Mangaluru: The New Mangalore Port Authority (NMPA) announced the recommencement of iron ore exports from the port and the cargo aggregation through rail ...
NMDC produced 40.24 MT of iron ore in the April 2023-Feb 2024 period and sold 40.48 MT for the same period, delivering its best ever cumulative volumes up to Feb 2024. China's state planner said ...
South Asia News: India has dismissed reports that an Indian consortium has scrapped a multi-billion dollar iron-ore mining deal in Afghanistan, saying only an analysis
Prices of coking coal surged to $410 a tonne in the past week, more than three times since early 2020. Analysts and industry players estimate the fall in iron ore prices to have little impact on steel prices and domestic HRC prices, now at Rs 67,000 a tonne. In January, NMDC iron ore fine prices were around Rs 4,810 a tonne, falling to Rs 4,210 ...
Font Size. Synopsis. Steelmakers without captive mines seek a ban on iron ore exports to safeguard their industry, while iron ore producers oppose this move. …
KOLKATA: Global iron ore prices have plunged to a 18-month low on fears of a slowdown in China which consumes 60% of the mineral. Prices went down by almost 8.3% on Monday, one of its sharpest plunges in a day, as iron ore faced the brunt of a credit squeeze in China that is forcing steel mills to refuse to enter into either long term …
In 2018, NMDC suspended iron ore mining at the Donimalai mine following a decision of the state government to impose 80 per cent premium on the iron ore sales from the mine. The capacity of ...
Steel and iron ore currently account for around 12% of total freight movement in India, with logistics costs representing 16-18% of steel players' total revenue. The plan aims to address challenges such as insufficient rail availability and coastal shipment infrastructure gaps.
Updated on Sep 06, 2022, 12:00 IST -. Recently, the "ceiling limit" for mining iron ore in the Karnataka districts of Ballari, Chitradurga, and Tumakuru was increased by the Supreme Court on the grounds that environmental protection and economic development must coexist. A decade after the Supreme Court heavily limited the sale and extraction ...
Iron ore is a critical mineral for making steel and, currently, the steel industry is non-existent in Rajasthan. The four mines are spread over nearly 2,000 hectares and located in the Karauli ...
20 Mar, 2024, 01:37 PM IST. Despite global cool-off, in India iron ore prices unlikely to come down now: Amit Dixit. Amit Dixit analyzes the impact of global iron ore price …
Some mining companies also bought iron ore from the market to drive up prices, it said. The peak of tensions between China and mining companies was marked by the 2010 arrest of Stern Hu, Rio Tinto's head of iron ore in the country. He was jailed for 10 years for taking bribes and espionage and three of his Chinese colleagues were given ...
State-run iron ore miner NMDC Ltd on Wednesday said it has clocked a 68% jump in profit after tax (PAT) for the third quarter ended December 31, 2023, at Rs 1,492 crore as compared to Rs 890 crore ...
NMDC on Wednesday posted a 19 per cent rise in iron ore production for the April-October period of the ongoing fiscal year. It produced 19.71 MT iron ore in the year-ago period, NMDC said in a regulatory filing. The sales also rose to 23.99 MT, up 23.40 per cent from 19.44 MT in the same period a year ago. In October alone, the company …
Iron ore was the surprise packet of China's commodity imports in 2023, with arrivals rising 6.6% from 2022 to reach an all-time high of 1.18 billion tons. The increase was in spite of the well-publicised struggles of the key residential property sector, which in turn contributed to the modest - by China's standards - economic growth of around 5.4%.
The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) traded 0.85% higher at 834.5 yuan (USD 115.29) a metric ton, as of 0313 GMT.
NMDC, the country's largest iron ore mining company, reported a 13% increase in iron ore production to 40.24 million tonnes during the April-February period of the 2023-24 fiscal. However, production in February fell by 12% compared to the same month last year. State-owned miner NMDC on Friday posted around 13 per cent jump in …
In August last year, the SC's Central Empowered Committee (CEC) had submitted a report on collecting Rs 6,416 crore through e-auction of the illegally mined iron ore in all mines. The illegal ...
NMDC, the country's largest iron ore mining company, reported a 13% increase in iron ore production to 40.24 million tonnes during the April-February period of the 2023-24 fiscal. However, production in February fell by 12% compared to the same month last year. 01 Mar, 2024, 06:05 PM IST.
Synopsis. State-owned NMDC Tuesday announced the renewal of lease deed of Donimalai iron ore mine in Karnataka for 20 years. Indiatimes. NMDC is the country's single largest iron ore producer, producing about 30 mn tonne of iron ore from three fully mechanised mines including Donimalai mine.
New Delhi, Sep 9 (PTI) Gujarat-based steel maker AMNS India on Thursday announced commencing mining operations at its Ghoraburhani-Sagasahi iron ore block in Odisha. Located at the Sundargarh ...
The Dump Handling Policy, 2023, has paved the way to deal with the 700 million tonnes of low-grade iron ore lying inside and outside mining leases across the state and export 25 million tonnes per ...
The accused was also alleged to be involved in bringing over 7.7 metric tonne of iron ore illegally mined to the Belekeri port," the counsel argued. The court after hearing both sides ordered ...
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