Page 14 - Nmdc

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

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

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

NMDC terminates contract with BHEL for delay in Rs 1,395 cr project

The Nagarnar steel plan was conceived by the NMDC in 2009-10 and the contract to build raw material handling system was awarded to BHEL on August 1, 2011

Tribals oppose allotment of iron ore mine to NMDC, continue with strike

The agitation entered the sixth day on Wednesday even as production in NMDC's Bacheli-Kirandul complexes remained affected

NMDC's new mine project put on hold in Chhattisgarh after protests

The project was mired in controversy as thousands of tribals resorted to indefinite strike in NMDC's Bacheli-Kirandul complexes on Friday

Better realisations keep NMDC's prospects bright, volume challenges remain

The company had taken two price cuts during the March quarter and another one beginning April

NMDC plans to acquire 100 per cent stake in Australia's Legacy Iron-Ore Ltd

Legacy is carrying out exploration in its 19 exploration tenements in Western Australia in Iron Ore, Gold and base metals

NMDC to invest $1 billion in infrastructure, ramp up ore production

NMDC has already invested Rs 14,500 cr on a three-million-tonne capacity steel plan

Despite the positives, volume and pricing challenges continue for NMDC

Prospects dampened by pricing challenges in Odisha and production stoppage at Donimalai

Resumption of Donimalai mines remains the key trigger for NMDC: Analysts

The latest price hikes have been supported by supply disruption at Vale in Brazil, a large global producer, following the accident at its mine

NMDC to decide on eligible shareholders for Rs 1000-cr buyback on Jan 18

The finance ministry has already given a green light to the company's buyback plan. The timeline for the launch of the offer would be decided by NMDC's board. The government holds 72.43% in NDMC