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iron ore
IRON ORE NEWS
Karnataka HC suspends sentences in 6 illegal iron ore export cases, orders deposit of 25% of Rs 44 crore fines
November 14, 2024 2:58 am
In 2014, the CBI officially stated that the case involves the alleged “illegal excavation of iron ore to the tune of 50 lakh metric tonne worth Rupees 2,500 crores (approx) and its subsequent export from the Belekeri Port in Karnataka”.
Why the Vedanta chief said India’s iron ore industry is 'dying' — and why the govt disagrees
October 07, 2024 10:34 am
Anil Agarwal flagged high auction premiums, slow mine operationalisation on X; Auction premiums not paid out of company’s total revenue says Govt
NMDC reduces iron ore lump rate by Rs 200 to Rs 5,800 per tonne
March 21, 2024 1:43 pm
The rates of lump ore have been revised to Rs 5,800 per tonne and that of fines to Rs 5,060 per tonne, NMDC said in an exchange filing.
India's mineral production grows nearly 6% in January
March 20, 2024 1:52 pm
Other minerals such as iron ore, a key raw material for steel, reported a nearly 41% year-on-year growth in sales value amid growing steel demand in the country. India produced 25.2 million tonnes of iron ore in the month.
NMDC hikes iron ore lump rate by Rs 100/tonne; fines by Rs 200 per tonne
March 21, 2023 1:25 pm
State-owned NMDC on Tuesday said it has hiked price of iron ore lumps by Rs 100 to Rs 4,500 per tonne with immediate effect.
Adani Group to invest Rs 57,575 crore in Odisha for two projects
August 12, 2022 12:53 am
The iron ore beneficiation plant will be located in Deojhar, in northern Odisha’s Keonjhar district, while the pellet plant is to be set up in Dhamra, in the adjoining Bhadrak district
Apex court relaxes its 2011 order: Operators can sell directly already mined iron ore in Karnataka, says SC
May 20, 2022 10:44 pm
The bench agreed with the opinion of the court-appointed Central Empowered Committee (CEC) that “the demand/supply and price of iron ore are best left to be determined by the market forces”.
Lloyds Metal and Energy restarts work on Surajgad iron ore mine
October 12, 2021 4:13 am
Over the past month-and-a-half, the company has mined more than 4,000 tonnes of iron ore.
Most valuable steel mill in India sees iron ore drop to $60
September 16, 2019 10:41 am
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.
Goa's iron ore reserves may exhaust within ten years, opine expert
January 26, 2018 1:19 pm
Being a strategic mineral resource, indigenous production can save the much-needed foreign exchange, in which laterites can play a significant role, like bauxite, which is mined from south Goa.
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