Odisha likely to auction Sukinda chromite and Guali iron ore mine
Odisha had kicked off the auctions of working mines by first putting two non-captive chromite blocks under the hammer – the Kamarda deposit being mined by BC Mohanty and the Saruabil mine by Misrilall Mines. Both were bagged by a Tata Steel subsidiary at steep bids of 96.8 percent and 88.5 per cent and respectively.
Not averse to allowing JSPL to transport iron-ore from Sarda Mines, says Supreme Court; reserves verdict
A bench of Chief Justice S A Bobde a...
NMDC executes and registers 4 of its iron ore mining leases in Chhattisgarh
The mining lease areas for deposit-5, 10, 14 and 14 NMZ are 540.05 Ha, 309.34 Ha, 322.36 Ha and 506.74 Ha respectively.
SAIL's iron ore mines in Jharkhand and Odisha posts a growth of 5.25% and 4.62% respectively
In the process, RMD mines also notched up their highest-ever lump ore production of 7.48 mt beating the previous record of 7.14 mt achieved in 2018. Improvement in iron ore lump supply is slated to improve hot metal productivity for SAIL plants, the statement added.
NMDC Ltd reports 3.8% increase in iron ore sales
The state-run miner posted a marginal 0.7% rise in production of iron ore up to the month of December 2019 (Apr-Dec' 2019) at 22.01 mt, compared to a production of 21.85 mt in the same period last year.
Vedanta to raise up to Rs 2,000 crore through NCDs
"The above issuance is pursuant to the approval of the shareholders passed vide special resolution at the 53rd annual general meeting of the company held on August 24, 2018 and the board of directors' resolution passed at their meeting held on May 7, 2019," the filing said.
Odisha miners raise iron ore prices as expiry of mining leases draws closer
Prices could further rise by as much as 15% over the next three months given the high price differential between domestic and imported iron ore, the report said. Domestic iron ore prices are estimated around $65 per tonne as against $85 to $90 per tonne for imported ore.
Aggressive bidding derails Odisha's iron ore auctions
The decision was taken after Adani group and ArcelorMittal, who participated in the first of two rounds of auctions, complained against JSW’s decision to bid for the largest block through half a dozen subsidiaries. Senior officials of Naveen Patnaik’s government spent the weekend holding a series of meetings to save these high-stake auctions.
NMDC Ltd reports a modest 3.36% increase in iron ore sales
NMDC also posted a marginal rise in iron ore production to 18.89 million tonne between April -November 2019 as against a production of 18.75 mt upto November 2018. While NMDC's Chhattisgarh mines accounted for a production volume of 13.33 mt (against 12.24 mt last year), its Karnataka mines contributed 5.45 mt in April-November 2019.
NMDC plan to increase Kumaraswamy mine capacity gets govt's nod
The notification was issued by the Regional Control of Mines, Indian Bureau of Mines, Bangalore. The state-owned miner termed the development as "a milestone in enhancement of production from its Kumaraswamy mines from the existing EC capacity to 10 mtpa".
Applications invited for auction of 26 iron ore blocks: Pralhad Joshi
"Notice Inviting Tenders for 26 more iron blocks have been issued," Joshi said in a reply to a question in the Rajya Sabha. Since 2015, 24 iron ore blocks have been auctioned, the minister said. As per available information, the consumption of iron ore was 166 million tonnes in 2016-17, 175 million tonnes in 2017-18 and 189 million tonnes during 2018-19, the minister said.
JSW Infra commissions new 18 MTPA iron ore terminal at Paradip port
Built at an investment of Rs 750 crore, the company will operate the terminal for the next 30-years as part of its build, operate, and transfer agreement with the Paradip Port Trust, the infrastructure arm of the JSW Group said in a statement. “Paradip’s location continues to remain attractive for iron ore movement via sea route. ” said MD of JSW Infra.
Steel sector may face short-term disruption in iron ore supplies with 232 mines expiry: Report
Consequently, any significant delay with respect to auctions and more specifically lease transfers will affect iron ore supply and prices, thereby putting further pressure on sector profitability. Non-integrated steel companies, which do not have access to captive iron ore mines, will be relatively more vulnerable in the event of such delay.
Iron ore supply to steel makers to be disrupted after mining leases expire: FIMI
With the mining leases of 329 private mines slated to expire on March 31, apex mineral body FIMI believes that iron ore, a raw material used in steel-making, will be the worst hit from the move.
Odisha to auction 20 iron ore, manganese mines starting Friday
Notices inviting tenders for the two lots will be issued on Oct 4 and 14 and letters of intent will be sent by January 3 and 15 2020, respectively.
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