Page 4 - Iron Ore

Stockpiles of unsold iron ore at mine-heads are increasing: FIMI

FIMI has said that stockpiles at mine-heads are increasing and not allowing their export will amount to complete wastage of a material which can earn valuable foreign exchange for the country

As domestic iron ore price rises, steel industry demands ban on its export

The domestic secondary steel industry contributes nearly 55 per cent to the total production of the alloy in the country

NMDC hikes iron ore rates by Rs 300 to Rs 2,950 a tonne effective today

The country's largest iron ore miner NMDC on Wednesday hiked rates of the mineral by Rs 300 to Rs 2,950 a tonne with immediate effect

China's July iron ore imports hit record high on robust demand; up 24%

China's iron ore imports in July surged to a record, up 24% from a year earlier, driven by shipments from miners and resilient demand as the economy bounced back after disruptions from pandemic

NMDC s produces 2.19 million tonnes of Iron ore in July, sells 2.57 MT

NMDC Limited produced 2.19 million tonnes and sold 2.57 million tonnes of iron ore in July.

Iron ore exports, prices rose sharply, but only eastern miners benefited

According to FIMI, iron ore exports in 2019-20 rose to 36,623.71 tonnes from 16,198.90 in 2018-19

Panel urges SC not to ask NMDC, MML to meet iron ore shortfall in Karnataka

CEC says existing mines and upcoming ones will be able to meet the demand

China's iron ore appetite takes imports from India to 8-year high

Shipments of the raw material from India more than doubled to 20 million tonne in the six months through June from a year earlier, according to China's Customs data

Iron ore surplus rises sharply in Karnataka on falling demand, export ban

Supply in the state is higher compared to demand amidst production restrictions and the ban on exporting ore out of the state imposed by the Supreme Court

Iron ore shipments from ports up by 43% in FY20, 50 MT transported till Feb

Iron ore has recorded a spurt of 43 per cent in volumes, registering the highest growth among all commodities

Iron ore, finished fertilizers help ports tide over falling volumes in coal

Vishakapatnam port aced other ports in cargo volumes with 10.98% growth

JSW Steel declared preferred bidder for Jajang iron ore block in Odisha

The Jajang iron ore block holds estimated reserves of 39 million tonne

Budget 2020 dashes hopes of mining sector with no reforms or duty cuts

India's low grade bauxite have become unviable for the producers in international trade

SC allows mining firms to transport already extracted iron ore in Goa

In a major relief to mining firms, the apex court modified its earlier order and permitted transportation of already mined iron ore lying unused at various sites in the state.

Sarda mines: SC reserves JSPL verdict, says not averse to ore transport

The bench said it was not averse to allowing transporting of iron-ore but all the necessary dues and royalty payable be paid to the concerned authorities.

Budget 2020: Merchant miners seek 30% export duty waiver on iron ore

Miners through Federation of Indian Mineral Industries (Fimi), have stressed on exemption of the steep export tax since there were hardly any takers for baser grade ore within the country

Iron ore prices are set to rise 30-40% after Odisha auctions: Crisil

The hike in iron ore prices in the aftermath of auctions will hinge on the auction premiums

Metals sector eyes recovery as prices rise after scraping the bottom

Steel, iron ore firms gain pricing power, hope for demand revival in base metals

Mine lease renewal on expected lines, but more triggers ahead for NMDC

The miner will gain from improving global iron ore prices, rising domestic steel prices and supply disruption in Odisha

Chhattisgarh extends NMDC's iron ore mining leasing in Bailadila Sector

The deposits have been extended for the period of 20 years i.e. upto September 2035