Page 3 - Iron Ore Miners

NMDC Apr-Feb output jumps 26% to 37.18 MT; sales up 25.5%

In February 2022, the company saw its production growing 11.7 per cent to 4.31 MT from 3.86 MT in the same month last year

Brazilian mining firm Vale drops $1.2 billion claim in Steinmetz dispute

Vale and Steinmetz have been locked in a multi-pronged legal battle for years resulting from a failed mining joint venture in Guinea

Australian miners' earnings to shine spotlight on iron ore prices, demand

The world's biggest iron ore producer is set to log record annual earnings, owing to all-time high profits in its first half and a more diverse product mix

Rahul woos voters in Goa's mining belt, promises to restart industry

Congress will restart the mining industry as soon as the party forms government, Gandhi said, campaigning ahead of the February 14 elections

NMDC net profit jumps 122% in first nine months of FY22

The government-run NMDC registered a turnover of Rs 19,179 crore for the first nine months of the financial year 2021-22

NMDC iron ore output grows 28% to 33 MT in Apr-Jan; sales jump 25%

State-owned NMDC on Tuesday said its iron ore production surged over 28 per cent to 32.88 million tonnes (MT) in April-January 2021-22. The company's iron ore output was 25.66 MT in the same period last fiscal, NMDC said in a regulatory filing. In January 2022, the company said its iron ore production rose to 4.56 MT from 3.86 MT a year ago. Its total sales of iron ore during the April-January period increased over 25 per cent to 32.60 MT from 26.01 MT a year ago. The company sold 4.24 MT iron ore in January 2022 compared to 3.74 MT in the year-ago month. The Hyderabad-headquartered NMDC, under the Ministry of Steel, is the country's largest iron ore mining company. It is also involved in the exploration of a wide range of minerals like copper, rock phosphate, limestone, dolomite and gypsum.

Rio Tinto sees soft 2022 iron ore shipments on labour, project issues

The world's biggest iron ore producer said it expects to ship between 320 million and 335 million tonnes in 2022 from a region in Western Australia.

JSPL declared as preferred bidder for Kasia iron ore mine by Odisha govt

Jindal Steel and Power Ltd (JSPL) said on Thursday it has received official communication from the Odisha state government for grant of mining lease of the Kasia iron and dolomite mine

Rio Tinto pays $9.1-bn dividend as profit hits record on iron ore demand

Rio Tinto Group is the world's biggest iron ore miner

Domestic iron ore supplies may take time to ease

JSW Steel, AM/NS hold the key to iron ore supply woes

NMDC consolidated net profit jumps 53% to Rs 2,108 crore in Dec quarter

The company had posted a net profit of Rs 1,375 crore during the same quarter a year ago, NMDC said in a BSE filing

Goa: Hundreds of mining dependents take out protest march in Panaji

Iron ore extraction activities have been shut in the state for last three years

As domestic iron ore price rises, steel industry demands ban on its export

The domestic secondary steel industry contributes nearly 55 per cent to the total production of the alloy in the country

SAIL's stockpile of iron ore fines give company opportunity for profit

Profits from the sale of high-grade iron ore fines could help state-owned company reduce debt

Jump in ore prices eases NMDC's woes; shares rebound by 16%

However, with the onset of monsoon, the outlook for steel demand remains subdued in the September quarter

NMDC, merchant miners to benefit from global iron ore price rally

Revival of Chinese steel production has bolstered demand; simultaneously, disruptions in Brazil after soaring Covid cases has crimped supplies, raising prices

NMDC slashes iron ore price by Rs 400/tonne in second cut in 40 days

Firm say the move has given a lot of relief to steel companies, especially sponge iron-based firms in Chhattisgarh

Realisation concerns deepen for NMDC after company cuts prices again

Cuts iron ore prices for second straight month in May

SAIL seeks permission from Odisha, Jharkhand to auction 70 MT fines

Depending upon the Fe content, the iron ore can fetch a price of USD 40-45 a tonne to USD 62 a tonne, an expert said

Budget 2020: Merchant miners seek 30% export duty waiver on iron ore

Miners through Federation of Indian Mineral Industries (Fimi), have stressed on exemption of the steep export tax since there were hardly any takers for baser grade ore within the country