Village council representatives of the western Indian state of Goa have approached the country’s Supreme Court to make a fresh plea to allow resumption of iron ore mining because of the impact on livelihood. The tiny coastal state used to account for a majority of India’s iron ore exports to China around a decade ago before a […]
The country’s largest iron ore miner NMDC hiked rates of the mineral by Rs 300 to Rs 2,950 a tonne with immediate effect. Iron ore is the key raw material used in steel making. Any change in its prices has a direct impact on the rates of steel. In a filing to BSE, NMDC said it has increased the price of lumps […]
India is planning to swiftly move forward with a process of offering nearly 500 mining blocks for various minerals to domestic and foreign investors, Pralhad Joshi, minister for coal and parliamentary affairs, said Tuesday. The move comes as part of Prime Minister Narendra Modi’s vision of Atma Nirbhar Bharat, or self-reliant India. This will be the […]
India and China have been uneasy neighbours for decades, but they still managed to grow bilateral trade. However, a recent border clash over the Himalayas are turning ties increasingly cold as New Delhi takes steps to hit Beijing where it hurts most — business. After India delayed customs clearances of goods imported from China, the […]
Cargo volumes at Indian ports recovered to 80%-85% of the normal levels in June, post a sharp drop in April-May during the nationwide covid-induced lockdown, according to India Ratings and Research. Thanks largely to a 26% jump in iron ore exports from the country’s eaastern seaports, overall exports have recovered to pre-covid levels, The bulk of […]
The Metallurgical Mines’ Association of China (MMAC) expects prices of seaborne iron ore to move within the range of $80-105/dmt CFR China for the second half of 2020 on higher availability but less demand, according to its WeChat sharing on July 31. “Ever-growing supply against the reduction in overall demand will see China’s iron ore […]
The price fluctuations in the high-grade iron ore market remains a key concern for Chinese steelmakers, especially with iron ore fines prices hitting an intra-year high on August 3, according to FastMarkets. admin
State-owned mining major NMDC, India’s largest iron-ore producer, said its production and sales rose significantly in July on year, providing yet another indicator that the economy is on the mend after an easing of the Covid-induced lockdown. Despite uncertainty due to COVID-19, NMDC’s production of iron ore rose by 13% to 2.19 million tons and […]
The Supreme Court-appointed Central Empowered Committee (CEC) has not allowed the apex Court to accept Karnataka Iron and Steel Manufacturers Association (KISMA’s) appeal urging the Court to direct NMDC and Mysore Minerals Ltd (MML) to meet a shortfall of 7 million metric tonne (MMT) of iron ore ore. KISMA claimed the shortfall arose due to the suspension of mining operations […]
(The story appears here courtesy our content partner Mysteel Global) China, the world’s top steelmaking and iron ore importer, has approved another four ports along the coastal line in east and south China to operate their berths for 400,000 deadweight tonnage (DWT) iron ore carriers, or very large ore carriers (VLOCs), thus increasing the number of […]
