Iron Ore

Govt invites applications from eligible firms to set up mineral exchanges

IBM has invited applications from eligible companies to establish mineral exchanges, with the platforms initially allowed to facilitate trading in five minerals

NMDC commissions ₹5,427 cr integrated iron ore project in Chhattisgarh

NMDC's new project includes a new iron ore processing plant at Bacheli, a 15 million tonne per annum (MTPA) slurry pipeline and a 2 MTPA pellet plant at Nagarnar.

NMDC commissions ₹5,427 cr iron ore processing project in Chhattisgarh

The integrated project includes an iron ore processing plant at Bacheli, a 135-km slurry pipeline and a 2 MTPA pellet plant at Nagarnar in Chhattisgarh

Mining to recycling: Pvt companies building India's lithium supply chain

From Zimbabwean mines and domestic refineries to battery recycling, Lohum, Altmin, Attero and Navprakriti are building alternative sources of lithium amid country's high import dependence

NMDC looks to hit 60 MT iron ore production mark this fiscal: Chairman

NMDC is working on strategies to achieve the 60 MT iron ore production mark this fiscal to meet growing demand from domestic steelmakers for the key raw material, its Chairman Amitava Mukherjee said. Aligned with the National Steel Policy 2017, which targets an installed domestic steelmaking capacity of 300 MT by 2030-31, NMDC, India's largest iron ore producer, aims to scale its output to 100 MT during the period. "Having crossed the 50 MT milestone in FY2026. NMDC is now aggressively executing a production ramp-up plan to reach 60 MTPA from existing iron ore mines, complemented by NMDC-CMDC Limited (NCL) joint venture assets this fiscal, which would be a rise of around 20 per cent year-on-year," the top company official said in an interaction. Mukherjee shared that the company has already applied for environmental clearances (ECs) for some deposits with the Union Ministry of Environment, Forest and Climate Change. On a question related to the 100 MT production goal, Mukherjee sai

NMDC's August iron ore production rises 21% to 4.07 million tonnes

Cumulative production rises 26 per cent to 23.23 MT in April-August; state-run miner says it is on track to produce more than 60 MT of iron ore in FY27

Core industries growth slows to 5.4% in July as iron ore, power ease

Six of the nine core sectors recorded growth in July, while natural gas, crude oil and fertilisers contracted; refinery products returned to growth after three months

MMDR Bill tweak: NMDC flags ₹15,786 crore Karnataka tax exposure

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 enters iron ore mining in latest push towards diversification

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

Odisha cracks whip on iron ore grade manipulation, 65 mines served notices

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 CMD Panda warns high taxes, royalty to make iron ore costlier

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

Indian steelmakers face near-term pressure from weak prices, rising costs

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

Govt notifies pricing norms for low-grade iron ore to boost production

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

Govt amends pricing norms for low-grade iron ore to boost steel supply

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

NMDC hikes iron ore prices by up to 11.1% with effect from April 5

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)

Odisha seeks nod to divert forest land for Tata Steel iron ore block

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

Indian iron ore imports set to hit 7-year high in FY26 on strong demand

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

India's iron ore imports set to hit 7-year high in FY26 on steel demand

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

Goa received ₹252.83 crore from auction of 12 iron ore blocks: CM Sawant

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 gain 3% on major MoU with NMDC, Brazil's Vale for iron ore

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