Page 7 - Iron Ore

Iron ore surplus rises sharply in Karnataka on falling demand, export ban

Supply in the state is higher compared to demand amidst production restrictions and the ban on exporting ore out of the state imposed by the Supreme Court

Iron ore shipments from ports up by 43% in FY20, 50 MT transported till Feb

Iron ore has recorded a spurt of 43 per cent in volumes, registering the highest growth among all commodities

Iron ore, finished fertilizers help ports tide over falling volumes in coal

Vishakapatnam port aced other ports in cargo volumes with 10.98% growth

JSW Steel declared preferred bidder for Jajang iron ore block in Odisha

The Jajang iron ore block holds estimated reserves of 39 million tonne

Budget 2020 dashes hopes of mining sector with no reforms or duty cuts

India's low grade bauxite have become unviable for the producers in international trade

SC allows mining firms to transport already extracted iron ore in Goa

In a major relief to mining firms, the apex court modified its earlier order and permitted transportation of already mined iron ore lying unused at various sites in the state.

Sarda mines: SC reserves JSPL verdict, says not averse to ore transport

The bench said it was not averse to allowing transporting of iron-ore but all the necessary dues and royalty payable be paid to the concerned authorities.

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

Iron ore prices are set to rise 30-40% after Odisha auctions: Crisil

The hike in iron ore prices in the aftermath of auctions will hinge on the auction premiums

Metals sector eyes recovery as prices rise after scraping the bottom

Steel, iron ore firms gain pricing power, hope for demand revival in base metals

Mine lease renewal on expected lines, but more triggers ahead for NMDC

The miner will gain from improving global iron ore prices, rising domestic steel prices and supply disruption in Odisha

Chhattisgarh extends NMDC's iron ore mining leasing in Bailadila Sector

The deposits have been extended for the period of 20 years i.e. upto September 2035

Steel sector may face disruption in iron ore supplies with 232 mines expiry

With the leases of 232 merchant iron ore mines expiring in March next year, the country may face a short-term disruption in supply of the main ingredient used in making steel, Acuite Ratings & Research Ltd said today. "The expiring leases can potentially curtail about 25-30 per cent of the country's iron ore production, taking into account the expiring leases of other states as well," Acuite Ratings & Research Ltd said in its latest report. Iron ore is the main ingredient used in making steel. Consequently, any significant delay with respect to auctions and more specifically lease transfers will affect iron ore supply and prices, thereby putting further pressure on sector profitability. Non-integrated steel companies, which do not have access to captive iron ore mines, will be relatively more vulnerable in the event of such delay. Therefore, a smooth transition in the lease transfers through the upcoming auction process along with the expected increase in pellet availability ..

Steel Ministry moots separate iron ore auctions to curb profiteering

National Steel Policy envisages reaching steel production capacity of 300 million tonnes by 2030-31

Odisha falls behind in pace of mineral block auctions, Karnataka leads

Out of the 68 mineral blocks auctioned across India till August 6, only five were up for bidding in Odisha: three iron ore and rest limestone and manganese.

Intense bidding expected for next phase of Odisha's iron ore auctions

Pellet makers, sponge iron and pig iron producers allowed to participate

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

Applications invited for auction of 26 iron ore blocks: Pralhad Joshi

Iron ore is a key raw material used in steelmaking

Steel minister okays iron ore supply to Andhra for greenfield steel project

NMDC to soon sign an MoU with Andhra govt for ore linkage; steel minister Pradhan hints at huge petroleum investments in state, say players want to park as much as Rs 2 trn in the east coast

Mining entities in Karnataka expect iron ore prices to drop further

The company is now waiting for state clearances to resume operation