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  • NMDC hikes iron ore rates by Rs 300 a tonne Aug 12, 2020 02:00 PM IST

    NMDC hikes iron ore rates by Rs 300 a tonne

    In a filing to BSE, NMDC said it has increased the price of lumps or high-grade iron ore by Rs 300 to Rs 2,950 per tonne, and that of iron ore fines or inferior grade ore by Rs 300 to Rs 2,660 a tonne.

  • Iron ore prices on fire but steel companies may be cool with it Aug 12, 2020 01:13 PM IST

    Iron ore prices on fire but steel companies may be cool with it

    Iron ore prices seem unstoppable having crossed $120/tonne driven by China’s appetite for steel. What that means for India’s steel companies and for one mining company.

  • Govt plans to auction 5-6 mineral blocks in MP over next 3 months Jul 17, 2020 04:58 PM IST

    Govt plans to auction 5-6 mineral blocks in MP over next 3 months

    Of these mines likely to be auctioned in the three months' time in Madhya Pradesh, there will be two bauxite blocks, one iron ore and one rock phosphate.

  • NMDC cuts iron ore prices by Rs 400 per tonne May 12, 2020 08:35 PM IST

    NMDC cuts iron ore prices by Rs 400 per tonne

    The price of iron ore fines, which are inferior grade ore, has also been reduced by Rs 400 to Rs 1,960 per tonne.

  • Citigroup says iron ore to fall to $70 in coming weeks May 05, 2020 04:20 PM IST

    Citigroup says iron ore to fall to $70 in coming weeks

    The forecast sell-off has been slower than expected owing to stronger-than-expected Chinese construction activity and lower-than-expected Brazilian supply so far this year, analysts wrote.

  • Godawari Power gets green nod to augment production output of iron ore pelletisation plant Feb 14, 2020 12:51 PM IST

    Godawari Power gets green nod to augment production output of iron ore pelletisation plant

    "The Ministry of Environment, Forest and Climate Change has accorded its environmental clearance to Ardent Steel (a subsidiary our company) for enhancement of production capacity of existing iron ore pelletisation plant from 6,00,000 TPA (tonnes per annum) to 6,90,000 TPA through process optimisation without any further capital expenditure for the same," the company said.

  • Royalties included in mining law to limit growth potential of iron ore industry: Fitch Feb 13, 2020 12:33 PM IST

    Royalties included in mining law to limit growth potential of iron ore industry: Fitch

    The government last month promulgated an ordinance for amendment in the MMDR Act 1957 and the CMSP (Coal Mines (Special Provisions) Act, 2015, a move aimed at enhancing the ease of doing business, among others.

  • SC allows mining company to transport validly mined iron ore in Goa Jan 30, 2020 11:25 AM IST

    SC allows mining company to transport validly mined iron ore in Goa

    A bench headed by Chief Justice S A Bobde delivered the judgment on a plea by mining firm Chowgule and Company Private Limited.

  • SAIL extracts 43.67mn tonne of iron-ore in 2019 Jan 08, 2020 11:50 AM IST

    SAIL extracts 43.67mn tonne of iron-ore in 2019

    The eight iron-ore mines of SAIL located in the eastern region produced 43.67 million tonne of the key raw material in 2019.

  • Andhra Pradesh govt signs MoU with NMDC for supply of iron ore to Kadapa steel plant Dec 18, 2019 01:24 PM IST

    Andhra Pradesh govt signs MoU with NMDC for supply of iron ore to Kadapa steel plant

    Chief Minister Y S Jagan Mohan Reddy is scheduled to lay the foundation-stone for the steel plant, at Sunnapurallapalli and Peddanandluru villages of Jammalamadugu mandal on December 23.

  • JSW Group commissons 18-mt iron ore terminal at Paradip port Nov 25, 2019 02:55 PM IST

    JSW Group commissons 18-mt iron ore terminal at Paradip port

    The 370-metre long terminal, with a capacity to handle 18 million tonne per annum, has already been commissioned by its arm JSW Infrastructure, the group said on Monday.

  • NMDC to supply iron ore for proposed Kadapa Steel Plant Nov 08, 2019 05:25 PM IST

    NMDC to supply iron ore for proposed Kadapa Steel Plant

    Union Petroleum and Natural Gas Minister Dharmendra Pradhan held a meeting with Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy at the Secretariat here on Friday afternoon and discussed a host of issues, including the critical iron ore linkage for the steel plant.

  • Iron ore supply to steel makers to be disrupted after mining leases expire: FIMI Nov 08, 2019 02:59 PM IST

    Iron ore supply to steel makers to be disrupted after mining leases expire: FIMI

    The 329 mines, including 48 operative and 281 non-operative ones, are spread across 10 states, Federation of Indian Mineral Industries (FIMI) said.

  • China September iron ore imports surge to 20-month high on firm demand Oct 14, 2019 10:07 AM IST

    China September iron ore imports surge to 20-month high on firm demand

    The world's top iron ore consumer brought in 99.36 million tonnes of the mineral last month, the biggest purchase since January 2018, Reuters calculations showed. That was up 4.8% from 94.85 million tonnes in August and compared with 93.47 million tonnes a year earlier.

  • Sector vector | The going has got tough for India’s steel producers Sep 05, 2019 09:51 AM IST

    Sector vector | The going has got tough for India’s steel producers

    India’s steel companies find themselves engulfed in uncertainty due to domestic and international factors

  • Sector AgeNDA | Mining: Government needs to untie the many knots holding back growth May 28, 2019 08:14 AM IST

    Sector AgeNDA | Mining: Government needs to untie the many knots holding back growth

    Mining has the potential to create jobs, support industrial growth and lower the trade deficit. But the government needs to pick up the slack to spur growth

  • Commodity Compass | Iron ore prices could be a chartbuster in 2019 May 23, 2019 08:19 AM IST

    Commodity Compass | Iron ore prices could be a chartbuster in 2019

    Iron ore prices have crossed $100 per tonne and the bullish view is they could go higher. But don’t close your eyes to the risks.

  • Government to e-auction iron ore dumps lying in Goa: Pramod Sawant May 15, 2019 01:36 PM IST

    Government to e-auction iron ore dumps lying in Goa: Pramod Sawant

    The chief minister, who also holds mining portfolio, has asked the Directorate of Mines and Geology to provide the inventory of dumps lying across the state.

  • BHP cuts iron ore production outlook after Australian cyclone Apr 17, 2019 07:36 AM IST

    BHP cuts iron ore production outlook after Australian cyclone

    Cyclone Veronica tore down the coast of Western Australia in March, hitting several iron ore export hubs, in a return of more turbulent weather conditions after several moderate years.

  • Comment | Iron ore prices at 5-year high, rub-off effect on steel likely Apr 10, 2019 02:50 PM IST

    Comment | Iron ore prices at 5-year high, rub-off effect on steel likely

    The rally in iron ore prices is continuing, with international prices hitting a 5-year high. If steel prices rise in tandem,Indian steel companies will benefit

  • Iron ore imports rose 157% during Apr-Dec 2018: CARE Ratings Mar 14, 2019 04:59 PM IST

    Iron ore imports rose 157% during Apr-Dec 2018: CARE Ratings

    The other countries from which India imports iron ore and its shares are South Africa (19 percent), Brazil (15 percent) and Bahrain (5 percent).

  • China's iron ore imports hit 10-month low in February on holiday break, steep prices Mar 08, 2019 10:26 AM IST

    China's iron ore imports hit 10-month low in February on holiday break, steep prices

    China brought in 83.08 million tonnes of iron ore last month, its lowest level since April, data from the General Administration of Customs showed.

  • Iron ore prices in India may rise 3-4% in 2019: Report Feb 28, 2019 07:40 AM IST

    Iron ore prices in India may rise 3-4% in 2019: Report

    "This would heap pressure on margins of steel makers who lack captive iron ore supply - especially long steel players - impacting their gross spreads by two-four percent," he added.

  • Editor's Take | No respite for Goa miners even an year after SC's ban Feb 18, 2019 05:19 PM IST

    Editor's Take | No respite for Goa miners even an year after SC's ban

    Priyanka Sahay gets in conversation with Gaurav Choudhury, Deputy Executive Editor, Moneycontrol to find out what is the current status of the entire issue and the proposals stated by the government so far.

  • A year after SC ban, no solution in sight for Goa mining impasse Feb 18, 2019 08:55 AM IST

    A year after SC ban, no solution in sight for Goa mining impasse

    With the Parliament’s last session before the Lok Sabha elections getting over, the only legislative option left is through a central Ordinance

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