Iron Ore Mining

Karnataka is an important state for NMDC as it contributes to nearly 35% of the overall mix for the company

JSW Steel adds Goa to captive mining list with Cudnem-Cormolem mineral block 

JSW Steel has quoted the highest premium for the Cudnem-Cormolem mineral block in Goa at 96.6 percent of the average sale price set by the Indian Bureau of Mines

Goa govt completes 1st phase of auction of iron ore mining blocks

The industry, which used to be one of the major revenue earners for the state, had come to a standstill in 2018 after the Supreme Court quashed 88 mining leases.

We will focus on restarting mining activities in Goa: CM Pramod Sawant

The iron ore industry in Goa came to a standstill after the Supreme Court quashed 88 mining leases in February 2018.

NMDC: A premium shock

The government's move to allow a premium on renewal of mines by state-owned companies has shocked investors

Goa may lose Rs 3,500 cr due to SC order on mining leases: Minister

The SC had last month quashed the second renewal of iron ore mining leases given to 88 companies in Goa in 2015.

Rs 250 crore loss due to NGT stay on dredging in Mormugao: Gadkari

Union Minister Nitin Gadkari said the Centre wants to make the Mormugao Port as the first facility with an 18 metre draft in the country, but the judicial intervention ensured it did not happen.

SC rejects fresh PIL seeking CBI probe in Goa iron ore mining

The Supreme Court today refused to entertain a fresh PIL seeking a CBI probe into alleged irregularities in iron ore mining in Goa, saying it has already been hearing pleas on similar issues.

Vedanta looks to restart Goa mines by October

The mining and energy group, which has been hit by a slump in crude prices and mining bans in key producing states, also posted a consolidated net profit of 8.66 billion rupees (USD 135.61 million) for its fiscal first quarter to June 30.

Vedanta hopes to restart mining in Goa by Jan-Feb

Metals and mining conglomerate Vedanta Resources expects to resume iron ore mining in Goa early next year.

Crisil says revenue growth bottomed out, sees better Q3 nos

Crisil today said revenue growth has bottomed out, but margin growth may take more time. "Revenues, after declining for nine successive quarters, rebounded in the September quarter.

Sesa Goa confident of mining 2.29 mn tonne ore by FY14 end

Mining ban hit Sesa Goa is confident to mine 2.29 million tonne of iron ore from its Narrain mine in Karnataka by current financial year end.

Goa to lose overseas markets due to mining halt: Exporters

The continuation of halt on Goa's mining activity will result in the iron ore industry losing its overseas markets.

Will start production from Karnataka mine in May: Sesa Goa

Iron ore miner Sesa Goa is confident to start production at its Narrain mine located at Chitradurga in Karnataka by May, following a Supreme Court order issued today, which lifted one and half year long mining ban in the state.

NMDC ramps up Bellary iron ore production to 32000 tonne

After the recent ban by the Supreme Court on iron ore mining in Bellary, Karnataka, state-owned NMDC today said it has ramped up production to 32,000 tonne per day to meet the shortage that is being faced by the steel industry.

NMDC must auction more to mini-blast furnace operators

RK Goyal, MD, Kalyani Steel joins CNBC-TV18 to discuss the future of the industry and his company in particular.

Janardhana Reddy arrested in growing iron ore scandal

G Janardhana Reddy, former minister and mining baron in Karnataka, was arrested on Monday in connection with a mining scandal that may have cost the state USD 3.6 billion in lost revenue, the CBI said.

Mining ban death knell for sector: K'taka steel ind

Steel and allied industries in Karnataka today expressed apprehensions that the industry would come to a standstill if iron ore mining is banned in Tumkur and Chitradurga districts as recommended by the Supreme Court-appointed panel.

India spared, margin pressure seen in global steel: Irani

With the fear of global slowdown, the metal space has been witnessing a huge amount of volatility and depression for last couple of days. Former director of Tata Sons, JJ Irani sees a downward trend in the steel prices. He believes the steel producers will cut their losses by lowering production to maintain prices.