BHP says days of $100 iron ore prices likely over
Iron ore prices have slumped some 40 percent this year as output from resources giants such as BHP, Rio Tinto and Brazilian mining powerhouse Vale increases, hurting higher-cost producers.
Dec 12, 2014, 13:20 PM IST
Centre examining ore lease proposal to Posco for Rs 52K cr project
"The Posco project work has not started. However, we are optimistic about implementation of the project," Odisha Steel and Mines Minister Prafulla Kumar Mallick told the state Assembly last week.
Dec 07, 2014, 11:14 AM IST
NMDC may slash iron ore prices in Dec
Falling global prices and subdued demand may prompt country's largest iron ore miner NMDC to cut the price of steel-making raw material for the second month in a row in December.
Nov 26, 2014, 18:35 PM IST
Vedanta chief for abolishing export duty on iron ore
Metal, mining, oil and gas major Vedanta Group's chief Anil Agarwal today asked the government to give clearances for reopening iron ore mines in Goa and abolish export duty on the steel-making raw material.
Nov 21, 2014, 20:47 PM IST
Essar Group ties up funds for $1.8-bn Minnesota iron project
Essar Steel Monday said it has concluded the financing for the construction of its $1.8 billion, 7-million-tonne iron pellet project in Minnesota that also includes open-pit mining, crushing and processing of the ore.
Oct 13, 2014, 13:28 PM IST
FinMin to decide on removing iron ore import duty: SteelMin
Finance Ministry will take a call on withdrawing import duty of iron ore in the face of falling domestic supplies that is forcing steel makers to buy the raw material from overseas market, a Steel Ministry official said.
Sep 16, 2014, 23:20 PM IST
Government hikes royalty rates on minerals
The government Wednesday gave nod to increasing royalty rates on minerals including iron ore and bauxite, a long-awaited move that will significantly swell the annual revenue of states.
Aug 20, 2014, 23:33 PM IST
NMDC may spend Rs 2,300 cr to up iron ore production in Chhattisgarh
It is expected that the mine can generate 7 million tonnes per annum over a period of time.
Aug 19, 2014, 15:22 PM IST
ArcelorMittal lowers 2014 outlook on lower iron ore price
Steel titan ArcelorMittal said it has reduced its outlook for 2014 because of a lower-than- expected iron ore price, even as it reported a return to profit in the second quarter of this year.
Aug 02, 2014, 01:58 AM IST
NMDC plans to boost iron ore output by two-thirds
NMDC Ltd, India`s biggest iron ore producer, aims to ramp up output by two-thirds in five years to 50 million tonnes a year.
Jul 23, 2014, 14:26 PM IST
Iron ore production sufficient to meet domestic demand: Govt
Iron ore production in the country is sufficient to meet the domestic demand and steel makers are not facing any shortage of the key input, government said Monday.
Jul 21, 2014, 21:16 PM IST
India will not restrict iron ore exports: Minister
India does not plan to restrict exports of iron ore despite curbs on illegal mining, Minister of State for Steel Vishnu Deo Sai said on Monday, adding that there was still enough of the raw material for domestic steelmakers.
Jul 21, 2014, 17:39 PM IST
Iron ore shortage, if any, due to Odisha's faulty policy: FIMI
Refuting allegations by steel makers of a shortage in domestic iron ore supply, miners body FIMI has said a paucity in some regions is not because of the inability to produce more but due to a faulty policy of Odisha state.
Jun 11, 2014, 15:58 PM IST
