Page 3 - Iron Ore

State-owned NMDC's iron ore output for Apr-Oct jumps 43% to 21 MT

During the period, sales of the country's largest iron ore miner also registered 43% growth, the Ministry of Steel said

JSPL to start mining at Kasia mine within a month: MD V R Sharma

Jindal Steel and Power Limited (JSPL) aims to start mining at Kasia iron ore block within a month, its Managing Director V R Sharma said. The integrated steelmaker on Thursday announced bagging of the block, which has total reserves of 278 million tonnes (MT). Speaking with PTI, Sharma elaborated on the company's plans with respect to starting operations at the Kasia iron ore mine, located about 17 km from JSPL's pellet plant in Barbil. "It is already an operational mine, we can start mining within a month once all statuary approvals are there," the MD said. He said JSPL will also put up a slurry pipeline from the pithead to its steel plant in Angul. This will help the company with 5-6 million tonnes of iron ore per year. The e-auction for the Kasia iron and dolomite mineral block was held on September 18, 2021. It was earlier owned and operated by Essel Mining and Industries. JSPL has been declared as the preferred bidder for the mine at a premium of 118.10 per cent. The mine h

ArcelorMittal Nippon Steel starts operations at iron ore mine in Odisha

Spread over 139.165 hectares, the block has estimated resources of 98.61 million tonnes and was the first to be auctioned under the Mineral Auction Rule, 2015

NMDC iron ore production grows 44% to 15 MT in April-August

State-owned NMDC on Tuesday said its iron ore production surged over 44 per cent to 15.02 million tonnes (MT) in April-August 2021.

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%

Copper and iron ore tumble as growth fears roil metals markets

This week's drop for iron ore accelerated, with futures sliding as much as 12% to the lowest since December in Singapore

Country must fix iron ore pricing mechanism: Dilip Oommen of AM/NS India

In a Q&A, the CEO of the firm calls for the launch of the National Mineral Index for Steel, which he says has been delayed

State-owned NMDC cuts prices of lump ore, fines by Rs 200 per tonne

State-owned NMDC on Monday said it has reduced the prices of lump ore and fines by Rs 200 per tonne each.

SAIL sits on 42 mn tonnes of sub-grade ore, mulls beneficiation plant

As on March 31, 2020, SAIL valued its inventory of 42.98 million tonne at net realisable value of Rs 3,792 crore.

Iron ore halts two-day gain as steel slides, BHP mine to open; copper sinks

Copper sinks as inflation fears eclipse South American political risk

NMDC hikes lump ore price by Rs 700 per tonne; fines by Rs 1,500 per tonne

The country's largest iron ore miner NMDC on Wednesday announced a hike in the prices of lump ore by Rs 700 per tonne and fines by Rs 1,500 per tonne with immediate effect

Iron ore prices surge as global economy rebounds, Covid-19 pandemic recedes

The rebound in the global economy as the Covid-19 pandemic recedes has sent rust on a wild ride. Prices for futures in Singapore have nearly doubled in the past six months to a record high of $226.55,

Iron ore prices surge as global economy rebounds, Covid-19 pandemic recedes

The rebound in the global economy as the Covid-19 pandemic recedes has sent rust on a wild ride. Prices for futures in Singapore have nearly doubled in the past six months to a record high of $226.55,

Iron ore turns 'very hot' as 10% surge adds to commodities boom

Copper remains a favorite long wager in the commodities complex

Steel prices hiked by Rs 5,000 a tonne on global rally, iron ore rises too

The last time steel price rose was in Jan when it touched an all-time high. But it came off those highs as China moved into the new year holiday season on pressure from end users in domestic market

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

Foundries demand import duty cut on pig iron, other key raw materials

Hit by surging input costs, the foundry industry in the country has demanded reduction of import duty for pig iron and other raw materials, an official said on Friday.

Iron ore is this year's hottest commodity on China-fuelled surge

Futures in Singapore have surged almost 70% this year, hitting their highest since trading started in 2013, as China's stimulus-led rebound fuels steel output and consumption

Govt extends NMDC's Donimalai iron ore lease after two-year suspension

Centre signs agreement with Karnataka govt and Ministry of Steel in this respect

Mineral mining in need of FDI, modern technology: FIMI Director R K Sharma

He says, failure to attract investment in the same order as our geological siblings has kept India as a big net importer of minerals