Mining entities in Karnataka expect iron ore prices to drop further

Mining companies in Karnataka are expecting iron ore prices to fall as supply from NMDC’s Donimalai mines is likely to restart. Lesser offtake of steel due to a decline in demand is another reason being cited for the fall in iron ore prices, reports Business Standard. To ensure seamless renewal of mining leases allocated to the government companies, the Union […]

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Indian state of Karnataka threatens to cancel NMDC’s Donimalai mine lease in levy dispute

Indian state of Karnataka warned NMDC Ltd. (National Mineral Development Corporation) that it will cancel the lease of its Donimalai iron ore mine if the state-owned miner refuses to pay an additional levy on the sale of its ore. Karnataka’s threat to cancel the lease stems from a dispute between government of India-owned NDMC, India’s […]

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