Iron Ore Miners

Hindustan Zinc gets licence to explore, mine tungsten block in Andhra

Hindustan Zinc Ltd (HZL) on Saturday said it has received the licence to explore and mine a tungsten block in Andhra Pradesh by the state government. This marks an important milestone for the Vedanta Group company as it looks to expand beyond zinc, lead, and silver into critical and high-value minerals essential for advanced manufacturing. "Hindustan Zinc Ltd has been officially announced as the successful bidder for a tungsten and associated mineral block in Andhra Pradesh, following the receipt of the formal composite licence from the state government," the company said in a statement. A composite licence in mining is a single, two-stage concession that grants both the right to explore for minerals and the right to mine them if the exploration is successful. Earlier this year, the company had been declared the preferred bidder through a competitive auction process conducted by the Centre. "This milestone marks another step forward in Hindustan Zinc's journey of expanding its min

Industry body UCCIL warns against export duty on low-grade iron ore

Industry body UCCIL has warned that an export duty on low-grade iron ore will lead to drop in production, domestic prices, long-term capacity losses and erosion of India's export competitiveness. The government is planning to impose a 30 per cent export duty on low-grade iron ore from October this year. The Utkal Chamber of Commerce & Industry Ltd (UCCIL) said in a statement, "The proposed export duty will also result in sectoral destabilisation: a likely decline in production, crashing domestic prices, erosion of India's export competitiveness, and long-term capacity losses. The effect will also be felt in employment, regional economies, and industrial output." It "urged the Government of Odisha to protect the state's iron ore mining industry given the recent discussions by the central government around the imposition of export duties on low-grade iron ore". Such a measure will inevitably destroy the sector, cause a collective loss of over Rs 16,200 crore to the exchequer of ...

GCCI urges Centre not to impose export duty on low-grade iron ore

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

Iron ore imports likely to rise on JSW steel demand, falling prices

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

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

NMDC plans to hire nearly 1,000 in Chhattisgarh recruitment drive

This recruitment drive is part of the company's expansion strategy, focusing on bolstering operations within Chhattisgarh's strategically vital Bailadila mining sector

Lloyds Metals hits 4-month high, rebounds 51% from March low; Time to buy?

The company's strong focus on enhancing value by integrating steel manufacturing operations is expected to aid margins.

NMDC posts record 15% rise in iron ore production in April, sales grow 3%

State-owned NMDC has reported a 15 per cent rise in its iron ore production and 3 per cent growth in sales of the mineral in April. In a statement on Sunday, NMDC said it produced 4 million tonnes (MnT) iron ore in April, higher from 3.48 MnT in same month last year. NMDC sold 3.63 MnT iron ore last month, up from 3.53 MnT in April 2024. NMDC CMD Amitava Mukherjee said, "Our record-breaking April performance, coupled with best-ever despatch figures from our major iron ore mines -- Kirandul, Bacheli, and Donimalai -- with a growth of 12 per cent, 4 per cent and 88 per cent, respectively over CPLY solidifies our leadership position and sets a strong foundation for achieving our ambitious target of becoming 100 MT mining company by 2030." The company's pellet production soared to an all-time high of 0.23 lakh tonnes, surpassing the previous April record set in 2018. Under the Ministry of Mines, NMDC is India's largest iron ore producing entity. Meanwhile, NMDC Steel Limited (NSL), a

Iron ore production rises 4.4% to 263 mt in Apr-Feb: Mines ministry

The iron ore production in April-February period of the current fiscal rose by 4.4 per cent to 263 million tonne (MT). In the year-ago period, the production was 252 MT, the mines ministry said in a statement. The production of iron ore was 274 MT in 2023-24. Iron ore accounts for 70 per cent of the total mineral production by value. Manganese ore production increased 12.8 per cent to 3.4 MT in April-February FY25 from 3 MT during the corresponding period of previous year. Bauxite output rose by 3.6 per cent to 22.7 MT in the period from 21.9 MT a year ago. In the non-ferrous metal sector, primary aluminium production in April- February FY25 rose 0.9 per cent over the corresponding period last year. India is the second largest aluminium producer, among top ten producers in refined copper and fourth largest iron ore producer in the world. Continued growth in production of iron ore in the current financial year reflects the robust demand conditions in the user industry viz. steel.

NMDC struggles to achieve target as Chhattisgarh trade unions go on strike

The production at the country's largest iron ore miner has been severely affected. In the last four days, the output has come down by over 60 per cent

Supreme Court dismisses Vedanta's plea against Goa iron ore mine e-auction

Following the Supreme Court's dismissal of Vedanta's plea, the Goa government is now set to proceed with the fresh e-auction process for the mineral block

Risky bet: Mining fatalities decline, but safety remains elusive

In recent years, the number of fatalities has come down as the government has cracked down on illegal rat hole mining

Karnataka's iron ore duty plans weigh on NMDC; share price plunges 7%

The decline in NMDC share followed reports suggesting that the Karnataka government is considering an increase in the duty on iron ore

Tata Steel engages with NMDC, OMC to secure iron ore needs for future

Tata Steel has initiated discussions with state-run miners NMDC and Odisha Mining Corporation (OMC) to secure future iron ore supplies as the company ramps up its domestic steel manufacturing capacity. Tata Steel will also operationalise two new iron mines namely Kalamang West and Gandalpada as part of its strategy to ensure raw material security, the company's Vice President, Raw Material, D B Sundara Ramam told PTI. At present, Tata Steel meets its entire demand for iron ore, a key raw material used for manufacturing steel, from six iron ore mines operated by the company in Odisha and Jharkhand. Ramam said raw material plan has been carved out as leases of four mines -- Noamundi iron ore mine (being operated since 1925), Katamati and Khondbond (since 1933) and Joda East (1956) -- are expiring in March 2030. While two other mines NINL (Mithirda) and Vijay II will continue to remain operational. The mines came along acquisition of NINL plant and Usha Martin's steel business, he .

Iron ore climbs to over 2 week high on prospects of more China stimulus

The benchmark December iron ore on the Singapore Exchange added 1.09% at $105.05 a ton, as of 0711 GMT, also the highest since Oct. 17

Production of iron ore, manganese ore, primary aluminium rises in H1FY25

The production of iron ore, manganese ore and primary aluminium increased in the first six months of the ongoing financial year, government data showed. As per provisional data, production of iron ore rose 5.5 per cent to 135 million tonne (MT) in April-September FY25 over 128 MT in the year-ago period. Output of manganese ore increased by 6.2 per cent to 1.7 MT in April-September from 1.6 MT during the corresponding period of previous fiscal year, the mines ministry said in a statement. In the non-ferrous metal sector, primary aluminium production in April-September rose by 1.2 per cent to 20.90 lakh tonne (LT) from 20.66 LT in the year-ago period. "During the same comparative period, refined copper production has grown by 4.6 per cent from 2.39 LT to 2.50 LT," the ministry said. Iron ore accounts for about 70 per cent of the total mineral production by value. Production of iron ore was 274 million tonne in 2023-24. Continued growth in production of iron ore in the current finan

NMDC looking to explore mining opportunities for critical minerals abroad

The country's largest iron ore miner NMDC on Thursday said it is pursuing mining opportunities for critical minerals abroad which includes lithium block in Australia. Critical minerals such as copper, lithium, nickel and cobalt are important components in rapidly growing clean energy technologies - from wind turbines and electricity networks to electric vehicles. "NMDC is... pursuing overseas mining opportunities for critical minerals like lithium, cobalt, and nickel through its subsidiary, Legacy India Iron Ore Ltd, which includes lithium mining operations in Australia," the company said in a statement. NMDC is also preparing to begin the production of its eight million tonnes of coking coal block by December next year. This move aims to reduce the country's reliance on the import of coking coal. NMDC is set to nearly double its production capacity to 100 million tonnes (MT) by 2030. This ambitious expansion will significantly enhance the company's infrastructure, operations, an

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

China's 2024 iron ore imports seen to be around 1.17-1.18 bn metric tons

China's iron ore imports in the first quarter of 2024 totalled 310.13 million tons, up 5.5 per cent from a year earlier, customs data showed

Jindal Steel & Power takes on ops at Venezuela's largest iron-ore mill

Jindal officials are carrying out inspections at iron-ore plants of CVG Ferrominera Orinoco, according to two people familiar with the process, who asked not to be named as information isn't public