Page 14 - Nmdc

Extension of Chhattisgarh mining leases for 20 yrs to boost NMDC's topline

Analysts said that the extension of the leases was crucial for the company's survival as the Donimalai complex in Karnataka is not operational since the last year

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

Chhattisgarh extends leases of 4 NMDC mines to maintain iron ore supply

Last month, the company said the Chhattisgarh government has assured the public sector undertaking of renewing mining leases in the Dantewada district for another 20 years.

NMDC, RINL get one coal mine each, set to add 10 MT per year in output

The mines, located in Jharkhand, will boost coking coal production and reduce the steel industry's dependence on imported coal, it added

Chattisgarh govt assures NMDC of renewing mining leases for 20 years

The development assumes significance as NMDC is the country's largest iron ore miner and unlike in Karnataka the company's operations will not be affected in Chhattisgarh

NMDC: Better placed amid challenging environment

After two price hikes, a cut. But net realisations for FY17 expected to be higher than a year ago

Dysfunctional Donimalai mine to weigh on NMDC's near-term prospects

Cheap valuation, high dividend yield only comforting factors for stock

Distress in Karnataka, NMDC gets 'mining lease' breather in Chhattisgarh

Wary of Karnataka development, NMDC started the exercise to avoid any unfavourable precedence to be set that could jeopardise its lease renewals in other states

NDMC proposes marginal hike in property taxes across residential colonies

The revision, if approved by the NDMC's House and Standing Committee, will earn an additional revenue of Rs 220 crore for the civic body.

NMDC Q2 profit grows 10% to Rs 703-cr in September quarter, expenses rise

Total income fell to Rs 2,369.30 crore during the quarter, compared with Rs 2,568.87 crore a year ago.

Mining entities in Karnataka expect iron ore prices to drop further

The company is now waiting for state clearances to resume operation

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

India-mined rough diamonds garner Rs 7.38 crore worth tenders in Surat

In a first since 1998, the rough diamonds mined in India were up for display for auction by state-run NMDC in association with GJEPC

How a small word change cleared the air over NMDC's future mine renewals

Govt notification replaces the word 'may' with 'shall' in a move that will even bring back Donimalai and Chhattisgarh mines

In a first since 1998, NMDC and GJEPC to auction rough diamonds in Surat

Panna diamonds to be showcased first time ever at Surat International Diatrade Centre; stones weighing 24,000 carat in all, and valued at Rs 25 cr will be displayed between Sept 24-27

Ministry of Mines stays cancellation of NMDC lease for Donimalai mine

NMDC and the state administration got into a legal battle over Donimalai after the state government decided to levy a premium on the iron ore extracted from the mine

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

Karnataka govt cancels NMDC lease for Donimalai mine, opts for auction

The move also creates uncertainty for future mining renewal in Chhattisgarh, where most of the mines are due for renewal in March 2020

NMDC plans special purpose vehicles with state govts to set up steel plant

NMDC has also sought (from the Union government) iron ore allocation in Jharkhand and Karnataka for this purpose