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Steel firms under pressure as iron ore prices rise17-NOV-09
Ore prices have increased 20 per cent in a month.
Ore exports to China may cost more15-NOV-09
India’s iron ore price for cash sales to China may rise about 4 per cent this month as supplies shrink from one of India’s biggest producing states following a government directive to mines to halt work.
NMDC-SIIL merger likely by January12-NOV-09
The country's largest iron ore producer NMDC expects the proposed merger of secondary steel maker SIIL with itself to take place in January, after it gets the Corporate Affairs Ministry's clearance.
Exports still in red, at $14.1 bn in Oct12-NOV-09
India’s exports for October stood at $12.5 billion, down 11.4 per cent from $14.1 billion in the same month last year, on the back of weaker demand for Indian goods in the traditional markets of the US, EU and Japan.
Sical likely to set up iron ore terminal in Mangalore09-NOV-09
Sical Logistics Ltd has received Letter of Acceptance (LOA) from the New Mangalore Port Trust for setting up an iron ore handling facility at the deep draft multi purpose berth on BOT basis at New Mangalore Port. The Concession Agreement was signed recently between the Board of Trustees of New Mangalore Port Trust and Sical Iron Ore Terminal (Mangalore) Ltd (an SPV arm of Sical).
Iron ore export up 13% in H1 on China demand08-NOV-09
Iron ore exports jumped 13 per cent in the first half of the current financial year due to a sudden spurt in Chinese offtake as steel mills build their inventory.
NMDC breathes easy in iron ore demand spurt05-NOV-09
Reported spurt in the demand of iron ore had sped up the transportation of raw material from the mining major—the National Mineral Development Corporation (NMDC).
Iron firms bank on pellets for growth28-OCT-09
Considering pelletisation the next growth driver, integrated iron and steel producers have decided to invest immensely in pellet plants before transporting iron ore to steel mills.
NMDC commissions study for Rs 1,200cr SIIL investment26-OCT-09
The country's largest iron ore producer, NMDC, is getting a fresh financial viability study of SIIL done for its proposed Rs 1,200-crore investment in the firm as world sponge iron prices have slumped.
Sical signs pact with New Mangalore Port21-OCT-09
Sical Logistics Ltd has received letter of acceptance (LoA) from the New Mangalore Port Trust (NMPT) for setting up an iron ore handling facility at the deep draft multi-purpose berth.
SAIL's iron ore demand in Chiria excessive: J'khand Govt05-OCT-09
A breakthrough in the three-year old dispute over ownership of Chiria mines between SAIL and the Jharkhand government remained elusive as a high-level meeting ended inconclusively today.
Iron ore exports up on higher China demand02-OCT-09
India’s iron ore exports rose 1.7 per cent in the April to August period because of higher demand from steel makers in China, the biggest buyer of the raw material, an Indian mineral industry group said.
Iron ore gains 16% in a week30-SEP-09
India’s export price for iron ore rose as much as 16 per cent in the past week as customers in China replenished inventories ahead of National Day holidays, said an official of the Indian mineral industry association.
BSLC to give Rashtriya Ispat raw material security28-SEP-09
State-run Rashtriya Ispat Nigam is all set to be at par with SAIL and Tata Steel on raw material security front, as mining firms OMDC and BSLC would formally be made its subsidiaries in the six months.
JSW Steel seeks iron ore mine in Karnataka20-SEP-09
Jindal South West Steel Limited (JSW Steel Ltd), the flagship company of the JSW Group, is seeking allotment of a captive iron ore mine in the iron ore-rich Bellary-Hospet region of north Karnataka. The company has applied to the state government and is waiting for the grant of the mining lease.
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