Iron Ore

NMDC's ₹15,786-crore contingent liability highlights the uncertainty around Karnataka's retrospective mineral tax and the potential impact of the amended mining law

Coal India has emerged as the preferred bidder for Odisha's Gadadharpur iron ore block, marking its entry into iron ore mining as it expands beyond coal

The Odisha government has issued show-cause notices to 65 mining leaseholders after inspections allegedly found large-scale iron ore grade manipulation, causing revenue losses

SAIL warns higher royalties and mining levies could raise iron ore costs, adding pressure on India's expanding steel industry amid decarbonisation challenges

Domestic steel prices remain under pressure amid seasonal demand weakness, high inventory and rising iron ore and coking coal costs, weighing on near-term margins

The Centre has introduced a pricing mechanism for low-grade iron ore to make beneficiation viable, reduce royalty burden and ensure steady supply to the steel industry

The government on Tuesday announced the amendment of rules to revise the pricing norms for low-grade iron ore, a move aimed at curbing wastage and enhancing utilisation of such reserves to ensure a steady supply to the steel industry. The move is expected to bring low-grade resources into viable use, addressing depletion of high-grade deposits and promoting mineral conservation through scientific mining practices. "The Ministry of Mines has notified the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession (Third Amendment) Rules, 2026 on 10th April, 2026, providing the methodology for publication of average sale price (ASP) of Haematite Iron Ore below the threshold value, including for Banded Haematite Quartzite (BHQ) and Banded Haematite Jasper (BHJ)," an official statement said. The amendment provides a framework for pricing iron ore with iron (Fe) content below the threshold level of 45 per cent, including Banded Haematite Quartzite (BHQ) and Banded Haematite

State-owned NMDC has increased the prices of iron ore by up to 11.1 per cent, according to a regulatory filing. The company, which is the country's largest iron ore producer, has increased the prices with effect from April 5, 2026. As per the regulatory filing, the prices of Baila Lump -- high-grade (65.5 per cent Fe) iron ore lump produced by the company from the Bailadila mines in Chhattisgarh, have been increased by 10.4 per cent. While prices of Baila Fines -- high-grade iron ore product (64 per cent Fe) sized below 10 mm sourced from the Bailadila sector mines in Chhattisgarh, the prices have been hiked up by 11.1 per cent. In a filing to the BSE, NMDC said that "the prices of iron Ore w.e.f. 5th April 2026 has been fixed as under: Baila Lump (65.5 per cent, 10-40 mm) -- Rs 5,300/- per ton. Baila Fines (64 per cent, -10 mm) Rs 4,500/- per ton." The revised prices are on a free-on-rail (FOR) basis and exclude statutory levies such as royalty, District Mineral Foundation (DMF)

The state has sought approval to divert over 216 ha of forest land in Keonjhar for Tata Steel's Gandhalapada iron ore block to support its expansion and captive mining plans

Overall imports are likely to reach 12 million to 14 million metric tons in 2025-26, more than doubling from a year earlier, analysts and trade officials said

A cargo of BHP's Jimblebar Fines iron ore is heading to India in a rare sale, driven by discounts on the product that was banned for sale in China

In a major boost to Goa's economy, the state government has received Rs 252.83 crore in upfront payments from the auction of 12 iron ore blocks, Chief Minister Pramod Sawant has said. Sawant, while presenting the state budget 2026-27, said that five of the auctioned blocks at Bicholim, Shirgao-Mayem, Sirigao, Advalpal-Thivim and Kudnem-Corlim have already become operational. The remaining seven blocks are in the process of obtaining environmental clearances and other statutory permissions, he said. He informed that the government received Rs 252.83 crore in upfront payments from the auction of these iron ore blocks. The chief minister announced that a total provision of Rs 26 crore has been made for the mines department in the budget. "My government is also in the process of initiating the fourth Notice Inviting Tender (NIT) to auction more blocks and the second phase of e-auction for mining dumps," he told the House. Sawant also announced the continuation of the government schem

Adani Ports' subsidiary Adani Gangavaram Port (AGPL) has signed a strategic pact with NMDC, a Government of India enterprise, and Vale SA at the India-Brazil Business Forum Summit held in New Delhi

Improved production, steady pricing and rising domestic demand support outlook, though margins and execution risks remain

State-owned NMDC on Thursday reported a 14.64 per cent year-on-year rise in iron ore production and 18.67 per cent growth in sales in December. The miner produced 5.40 million tonnes (MT) of iron ore in December 2025, higher than 4.71 MT in the same month in 2024. Iron ore sales rose to 6.64 MT in the month under review from 3.91 MT in December 2024. NMDC's cumulative production rose to 36.89 MT in April-December FY26 from 30.77 MT in the nine-month period of the preceding FY25. Sales during the period also surged to 34.92 MT from 31.80 MT in April-December 2024-25. NMDC, under the Ministry of Steel, is India's largest iron ore mining company, catering to the country's over 20 per cent need for the key steel making raw material.

The government has been considering raising the export duty to between 20 per cent and 30 per cent, from zero now

The Goa Chamber of Commerce and Industry (GCCI) has urged the Centre not to impose export duty on low-grade iron ore, claiming it would result in an annual revenue loss of more than Rs 800 crore from the existing production alone. Such a move would deal a major blow to Goa's mining sector, destabilise ongoing operations, undermine investor confidence and jeopardise thousands of livelihoods dependent on the industry, the GCCI said in a letter to Union Minister of Mines G Kishan Reddy. Appealing to the Centre to weigh Goa's "unique structural constraints," GCCI urged that the present NIL export duty regime for low-grade ores from Goa and the Konkan region be retained. "Such an approach will support local livelihoods, ensure sector viability, maintain fair trade practices, and avoid destabilising an already fragile industry," the chamber said. The apprehension, it said, stems from deliberations at a high-level stakeholders' meeting held on August 26 to boost iron ore and steel product

President Donald Trump is granting two years of regulatory relief to coal-fired power plants, chemical manufacturers and other polluting industries as he seeks to reverse Biden-era regulations he considers overly burdensome. Trump issued a series of proclamations late Thursday exempting a range of industries that he calls vital to national security. The proclamations cover coal-fired power plants, taconite iron ore processing facilities used to make steel, and chemical manufacturers that help produce semiconductors and medical device sterilisers. The proclamations allow the facilities to comply with Environmental Protection Agency standards that were in place before rules imposed in recent years by President Joe Biden's administration, the White House said. Trump called the Biden-era rules expensive and, in some cases, unattainable. His actions will ensure that "critical industries can continue to operate uninterrupted to support national security without incurring substantial cost

JSW Steel meets its iron ore requirements through a combination of captive mines and external purchases. It plans to add 1.5 million to 2 million tons of annual capacity at its Vijayanagar plant

Vedanta posts strong quarterly performance with record alumina and ferro chrome production, higher zinc output, and operational gains across key metals and power businesses