Iron Ore Manganese Miners

Jindal Steel bags 50-year mining lease for Roida-I block in Odisha

Jindal Steel on Friday said it has bagged a 50-year mining lease for the Roida-I iron ore and Manganese block located in Keonjhar district of Odisha. The company has secured a letter of intent (LoI) from the Odisha government for the grant of the said mining lease, Jindal Steel said in a statement. Spread across 104.84 hectares, this mineral resource significantly enhances Jindal Steel's raw material security and underscores the company's commitment to integrated and sustainable steel production in India's mineral-rich eastern corridor, the statement added. "This mining lease is a critical enabler for our long-term vision of self-reliant steel production. With the Roida-I block, we are significantly bolstering our iron ore and manganese supply base, which will ensure operational stability, cost efficiency, and support our growth plans," Pankaj Malhan, Executive Director, Jindal Steel, said. The Roida-I Iron Ore and Manganese Block comes with an environmental clearance capacity of 3

Moil faces Rs 16.77 crore penalty for excess production, plans to appeal

Penalty relates to excess production at the company's Tirodi Mine beyond the environmental clearance and consent to operate limits during the periods FY94 to FY96 and FY07 to FY09

Centre asks Telangana govt to auction at least six mineral blocks by Jun 30

The mines ministry has flagged that the Telangana government failed to auction any mineral blocks in past nine years and asked the state to put at least six mines on sale by the end of this month. According to sources, geological reports of eleven blocks have been handed over to the government of Telangana for auction. These blocks consist of five iron ore mines, five limestone blocks and one manganese block. Till date not even a single block has been put up for auction by Telangana even though the mines ministry has sent repeated reminders to the state government. The process of allocating mineral blocks through auctions began in 2015. In a recent letter to the Telangana government, the mines ministry asked the state to notify a minimum of six blocks from the 11 for auction by June 30, sources said. The ministry warned that failure to do so will force the Centre to begin the auction process. As per the amendment in mining rules made in 2021, the Centre has the power to put on sa

MOIL manganese ore production grows 43% to 108,800 tonne in Apr-Nov

State-owned MOIL on Monday posted 43 per cent rise in manganese ore production at 10.88 lakh tonne (LT) during April-November 2023. It had produced 7.58 LT manganese ore during the year-ago period, MOIL said in a statement. Last month, the production was 1.62 LT, registering 35 per cent year-on-year growth over 1.20 LT in November 2022. The cumulative sale was 9.45 LT, up 52 per cent from 6.23 LT in the first eight months of the previous fiscal. In November 2023, the company reported sales of 1.01 LT as against 0.86 LT in the same month last year. During April-November 2023, the company conducted an exploratory core drilling of 49,389 metres, 2.6 times higher than 18,899 metres in the same period last year. MOIL, under Ministry of Steel, meets about 46 per cent of the total requirement of dioxide ore in the country. At present, the average annual production of manganese ore is around 1.3 million tonne.

Manganese major MOIL sees record quarterly production in April-June 2023

The month of June saw record production of 150,000 MT, the best-ever production of any June month since its inception

MOIL reports production of 402,000 tonnes of manganese ore in Q4FY22

The company plans to increase production by double-digits, signifying growth for the mining sector and the country's overall mineral resource development

Sandur Manganese zooms 11% on approval to increase production

Sandur Manganese plans to start the operations at enhanced level of production from the next financial year

Sandur Manganese zooms 20% as board approves rights issue, capex plan

In the past three months, the stock of Sandur Manganese has zoomed 86 per cent as compared to 3 per cent decline in the S&P BSE Sensex. In the past one year, the counter has rallied 256 per cent

Steel ministry panel calls for exploration of manganese ore reserves

A consultative committee on Tuesday suggested CPSEs to explore of reserves manganese ore and other minerals in states like Jharkhand, Odisha and Karnataka, an official statement said. The Consultative Committee of Parliament for Ministry of Steel also suggested for a research and development (R&D) team to be constituted to work out the possibility of usage of manganese in battery-powered vehicles. During the meeting of the committee, Steel Minister Ram Chandra Prasad Singh who is the Chairman of the body along with Minister of State (MoS) for Steel Faggan Singh Kulaste directed the CPSEs under his ministry to take up the issue of manganese ore exploration with state governments and explore possibilities of new manganese bearing areas in India, the steel ministry said. "Members of the committee suggested for exploration and survey of minerals in Jharkhand, Odisha and Karnataka and that a Research & Development team to be constituted to work out the possibility of usage of ...

Odisha issues notification for auction of 20 iron ore, manganese mines

The steel and mines department had received bids from 177 companies for the auction of 20 mining blocks against the earlier tender.

Odisha to again call for auction of 20 mine blocks after tweaking norms

The official reason for the cancellation is 'administrative inconvenience', but government insiders blame it on wrong interpretation by bidders

Odisha govt invites bids for 10 iron ore and manganese blocks

The state government has invited both financial and technical bids both in physical and digital formats

Mining in the deep end: Iron ore and manganese miners are staring at mayhem

Leases of miners are going to expire in March 2020 and there is no way the arduous process of auction of mines will complete before the it expire

Odisha to slap Rs 270 bn demand on Tata Steel, others non-ferrous miners

State buoyed success of earlier notices to ferrous miners, through which it mopped up Rs 120 billion