Page 15 - Nmdc

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

NMDC sues Karnataka over revenue share from Donimalai mine iron ore

The PSU had decided to suspend operations after the Karnataka govt imposed 80% premium on iron ore sales from the mine

NMDC challenges Karnataka's demand for higher revenue from Donimalai mine

The court will hear the matter on January 10

NMDC price cuts: Analysts say sustaining realisations crucial for earnings

As concerns on volumes remain elevated with Karnataka mining issue, realisations from here on holds key

NMDC continues downtrend on bourses as rising volume concerns worry Street

After soft volumes pulled down earnings in the first half of FY19, uncertainty on Karnataka production is keeping the Street nervous

NMDC increases iron ore prices by Rs 300 per tonne on surge in demand

According to sources, the price increase was due to an increase in international and domestic demand combined with strong steel and pellet prices

NMDC eyes 67 MTPA iron ore output by 2021-22, HR coil rollout by FY19 end

Company's Australian arm applies for allocation of tenements for tungsten in Western Australia

NMDC increases price of lump ore, iron ore fines by Rs 150 a tonne

NMDC Limited, a state-controlled mineral producer, has increased the price by Rs 150 a tonne for lump ore and iron ore fines with effect from August 22. The company informed exchange that the price increased to Rs 3,350 from Rs 3,200 a tonne for lump ore and Rs 2,960 per tonne for iron ore fines from Rs 2,810 a tonne.Unlike in the past this price hike will also include Karnataka, said company officials adding that the price was to reduce the gap between iron ore sold from the NDMC mines at Chattisgarh and Karnatka as compared to the prices at Odhisa.Seshagiri Rao, JMD and group CFO, JSW Steel said that the price could be because of the Rupee depreciation. He added considering the quality of the iron ores in Karnataka, the prices should be competitive.Basant Poddar, former Chairman and member of Federation of Indian Mineral Industries (FIMI)- South said that the price revision is a welcome move to spur local consumption and revenue to the state of Karnataka.Beginning of this year, in ..

SAIL closing in on NMDC's iron ore capacity

NMDC, which is also expanding it's capacity, had an iron ore mining capacity of 43 million tonnes in 2017-18

NMDC stock: Growing steel production supporting iron ore demand

The 62% Fe ore prices ex-China had corrected from more than $75 a tonne to sub $65 levels during the February-May period