Iron Ore Production

NMDC to spend Rs 900 cr to increase iron production from mines in Karnataka

NMDC Ltd will be spending nearly Rs 900 crore in the next two to three years to ramp up iron ore production from seven million tonnes per annum (MTPA) to 10 million tonnes, from its Kumaraswamy mines in Karnataka. An Expert Appraisal Committee under the Minister of Environment and Forests has given its green signal for Environmental Clearance in a meeting held during November 9-11 allowing NMDC to increase the production and the EC is valid up to 2042, company sources said. In August, the Supreme Court raised the ceiling limit of iron ore mining from 28 MMT ( million metric tonne) to 35 MMT for Ballari district, and from 7 MMT to 15 MMT for Chitradurga and Tumkur districts in Karnataka. Kumaraswamy Mines are located in Ballari district. NMDC has EC for 7 MTPA and also is producing 7 million tonnes. On November 10, the Indian Bureau of Mines (IBM) recommended the company to go from 7 MTPA to 10 MTPA. There will be a crushing and screening and loading plant at the site. For all these

SC raises annual iron ore production limit for 3 districts in Karnataka

The Supreme Court on Friday raised the annual iron ore production limit for Ballari, Chitradurga and Tumakuru districts in Karnataka. A bench headed by Chief Justice N V Ramana raised the annual iron ore production limit from 7 MMT to 15 MMT for Chitradurga and Tumakuru districts. For Ballari, it raised the limit from 28 MMT to 35 MMT a year.

NMDC targets to achieve 46 MT of iron ore production this fiscal year

NMDC Ltd targets to achieve 46 million tonnes of Iron ore production in the current fiscal, 10 per cent higher than that of last year, Chairman and MD, Sumit Deb said

NMDC produces record 40 MT iron ore, aims 42 MT output in FY22

State-owned miner NMDC on Saturday announced that it has touched a record iron ore production of 40 million tonnes (MT) in this fiscal so far.

Rio Tinto agrees heritage protection plan for Australia iron ore project

In a statement, the company said the agreement, with the Yinhawangka Aboriginal Corporation (YAC), will ensure a new co-designed management plan protects social and cultural heritage values

Sponge iron sector might report negative growth due to coal crisis: SIMA

The domestic sponge iron industry might report a negative growth in the ongoing December quarter "if the shortage of coal is allowed to continue", according to apex industry body SIMA.

NMDC eyes 47 million tonne iron ore production in FY22

NMDC Ltd is aiming to achieve 47 million tonnes of iron ore production during the current financial year and plans to spend Rs 3,720 crore on capital expenditure

Global iron ore production growth to average 3.6% between 2021-25

India's ore output growth seen at 194 million tonnes in 2030, with annual output growth averaging 1.1%

Indian steel companies see long-term change as industry rally continues

DMarket has rising since November and even lockdowns for Covid-19 have not hurt demand, say executives.

After rally, steel and iron ore on course correction led by higher supplies

Price correction started mid Jan, with secondary producers dropping drop long product prices by Rs 7,000-8,000 a tonne; primary producers followed in Feb, pruning by Rs 2,000-3,500

Railways ministry nod to new iron ore policy, to come into effect in Feb

Higher priority given to movement of iron-ore traffic for domestic manufacturing

Hindustan Zinc Q2 profit dips 6.7% to Rs 1,940 cr due to higher expenses

The company had posted a net profit of Rs 2,081 crore in the year-ago period, HZL said in a filing to BSE

Iron ore prices surge, but export curbs play spoilsport for Indian firms

An unexpected surge in Chinese demand has sent global iron ore prices to a six-and-a-half-year high but export restrictions prevent Indian companies from taking advantage

NMDC board okays demerger of three-mn-tonne Chhattisgarh steel plant

The plant is the only greenfield project slated for commissioning in the near term. Sources said it would have been commissioned by now had it not been for Covid-19

Iron ore prices likely to bounce back in H2FY21, expected to gain 15%

Recovery in domestic iron ore prices would be propelled by demand uptick as steel makers are expected to ramp up capacity utilisation with concerns easing on the Covid-19 pandemic

Realisation concerns deepen for NMDC after company cuts prices again

Cuts iron ore prices for second straight month in May

Global iron ore production set for modest growth during 2019-2028: Research

Iron ore supply growth woul be primarily driven by India, Brazil where major miner Vale is set to expand output with its new mine

Odisha to again call for auction of 20 mine blocks after tweaking norms

The official reason for the cancellation is 'administrative inconvenience', but government insiders blame it on wrong interpretation by bidders

Iron ore output likely to hit record 225 million tonnes in FY20

Merchant producers in Odisha accelerating production with lease lapsing by March 2020

Key miners in Odisha look to ramp up iron ore production on firm demand

Key merchant miners in Odisha are looking at scaling up their iron ore mine production capacities, riding on a robust demand. Alongside the firm demand from end use industries, buoyancy in prices is spurring miners to expand output.KJS Ahluwalia, a major non-captive miner, has sought green clearance to raise capacity at its Nuagaon iron ore mines from 5.62 million tonnes per annum (mtpa) to 7.99 mtpa. The miner is also keen to install a beneficiation plant with two mtpa capacity along with crusher and screen plants. The facilities are to come up within the miner's leasehold area.Aditya Birla Group owned Essel Mining & Industries Ltd, too, has proposed to enhance capacity of its Koira iron ore mines from four to six mtpa. Public hearing for the proposed expansion is scheduled on October 30.Besides, Thakurani iron ore mines under the leasehold of Kaypee Enterprises has sought to expand run of the mine iron ore production capacity from 5.5 to 7.99 mtpa. "Demand continues to be ...