Page 4 - Iron Ore Miners

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 assures no iron ore supply shock after mines' validity ends in March

The state boasts of the country's largest iron ore output. In the last fiscal year, Odisha churned out 114 mt, contributing more than a half to the nationwide production of 207 mt

Iron ore prices expected to fall 10-15% after ops resume at Donimalai mine

Under the new rules, mining leases of state-owned companies will be renewed automatically without going through the auction process

Govt may decide on Odisha plea on iron ore area limit hike in two weeks

Earlier, the Union mines ministry had turned down a proposal of the Odisha government to increase the area limit of mining lease for iron ore

Non-integrated steelmakers set to pay 15-20% more for iron ore from FY21

Bereft of captive iron ore resources, the non-integrated producers bank on merchant supplies to sustain their operations

ED attaches Usha Martin assets worth Rs 190 cr over illegal iron ore sales

Mineral sold was meant for firm's captive use; attached properties pertain to Usha Martin's wire rope business, mines were transferred earlier to Tata Steel as part of steel biz sold

Slide in iron ore prices to hurt exports from India, further slump seen

After hitting a five-year high of $121 a tonne in July, spot iron ore prices tanked to $93

NMDC to resume operations at the Donimalai iron ore mine after 9 months

The mine was closed by NMDC for the past nine months, after a state government order to impose an 80 per cent premium levy of the average sale price from there

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

Iron ore prices rally globally, but in India trade policies scuttle miners

As it would happen, Indian merchant exporters could not take advantage of the catastrophic rupture of Vale-owned tailings dam linked to a major iron ore mine in Brazil's Minas Gerais in January