Page 8 - Iron Ore

Odisha govt allows merchant miners to stash minerals in stock yards

The merchant miners will be granted storage licenses valid is till March 31, 2022

Odisha govt invites bids for 10 iron ore and manganese blocks

The state government has invited both financial and technical bids both in physical and digital formats

With mining leases on verge of expiry, higher iron ore imports on cards

In 2015, India embraced competitive auctions as the best long-term approach to clamp down on corruption after scandals over allotments of mines

Iron ore stockpile at mine heads could hurt production post auctions

Inventory at pit-heads of mines lapsing by next March end largely has lower grade fines with Fe content of up to 62%, which has no takers in domestic market

Govt allows SAIL to sell 25% of its iron ore from captive mines

The ministry of steel has stated that more than 162 mt of low-grade iron ore are available at mine heads in India

Iron ore prices may decline to $60 on weak Chinese demand, says JSW Steel

Iron ore has had a volatile year. It surged in the first half, triggered by supply disruptions in Brazil and Australia, and plunged in August as output recovered and global growth slowed

Global iron ore, steel prices likely to shoot up with China demand

Beijing's proposed stimulus to slightly hit imports

Beleaguered steel firms see ground for 35% cut in iron ore prices

Prices of finished steel products tumble 10-25% since January

Steel manufacturers call for parity in iron ore, coal block auctions

Steel makers have sought the intervention of Prime Minister's Office to establish parity between coal and non-coal block auctions

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