Page 8 - Iron Ore

Odisha to resume auctions of iron ore blocks; to offer 11 virgin blocks

A high-level committee of the state government has decided to issue the Notice Inviting Tenders (NITs) for auctions of 11 more virgin blocks on August 16

Pellet manufacturers oppose attempts to reimpose duty on exports

At present, pellets, an intermediate product in the process of steel making, enjoy a duty waiver regardless of their iron content

Steel ministry mulls options for duty free export of higher grade iron ore

Lower-grade iron ore fines are piling up at mine heads with no demand in the domestic market

Iron ore shipments rise 15% YoY after similar decline last fiscal

All major ports, save Mormugao, saw their iron ore volumes mounting; Mormugao was battered by the mining ban in Goa and curbs clamped on Karnataka ore

NMDC shines on rising iron ore prices, shares continue to gain on bourses

A favourable supply scenario for the steel-making raw material is expected to drive the company's earnings

2.5% import duty waiver on iron ore lumps a cost relief for steel mills

The move is likely to facilitate greater ore availability to steel mills post March 31, 2020 when licences of many merchant mines expire

Iron ore imports shoot up 80%, exports plunge by almost half in last 3 yrs

However, the export outlook has improved in the last few months after a blast at Vale's mines in Brazil shut off 70 million tonnes in annual supplies

Iron ore production peaks to 10-year high in FY19, exports nosedive 33%

Indian iron ore producers are also set to profit from global tailwinds

Diversification of iron ore distribution can end conflict: Rating agencies

Existing mining company could have own infrastructure in the form of trucks, jetties, site offices, cranes and other leased equipment and not just the mine resource

Record international iron ore prices spur lower grade exports from India

In 2018-19, India became a net importer of iron ore. Inward shipment rose 43% to 12.3 mt as steelmakers prefer imported ore

Iron ore powers above $100 as supply crisis roils global market

Iron ore has staged a stunning rally in 2019 as supply disruptions in Brazil and Australia, the top shippers, spurred forecasts the seaborne market will swing to a deficit

Price volatility puts steel makers in a fix over viability of captive ore

While Tata Steel believes procuring via auction is better, Sajjan Jindal's JSW Steel is going all out to bid for mines in order to have captive ore resource for backward integration

Global iron ore prices to rise 11% on supply disruptions, China stimulus

China's latest fiscal stimulus is also expected to prop up iron ore demand and hence support prices

Iron ore imports slow down in last 2 months; prices may go up by 7-10%

Global prices jumped owing to various reasons, including the accident in one of Brazil's mines

Rules, ecology, ultra-infested zones take toll on iron ore block auctions

Only 17 assets sold since new MMDR Act; other pain points in auction process include exhorbitant pricing, poor mineral reserves

Iron ore prices rise by Rs 600-700 a tonne, but Karnataka prices down 15%

The prices of iron ore are expected to increase by 3-4% in 2019

NMDC sells 16.55 million tonnes of iron ore in April-October period

The sales volume exceeded production on Chhattisgarh, but lagged in Karnataka

Iron ore struggles to clamber out of the pits on restricted e-auction

Restrictions on participation in e-auctions and the ban on mining in Goa are weighing down the industry

Logistics woes drive Indian steel mills to buy iron ore overseas

More supplies of iron ore will be required as the South Asian nation is set to overtake Japan as the world's second-biggest steel producer this year

Iron ore prices zoom 80% in 3 months on stable demand, buck global trends

Prices to stay elevated despite range bound international trends