India’s idea of mining moon for Helium-3 might soon become a reality by 2025
European scientists have announced plans to start mining the moon as early as 2025, though what they’ll be extracting is neither gold nor diamonds, but …
Production cut by Vale SA to benefit Indian iron ore and steel producers in short term: Ind-Ra Ratings
The recent revocation of the mining licence of Vale SA for the Brucutu mine in Brazil will be favourable for domestic iron ore miners and steel producers in …
With rise in iron ore rates, steel companies in India hike prices by Rs 750 a tonne after 4 months
Taking cues from the global market, domestic primary steel producers have raised prices of steel by Rs 750 per tonne from February 1. This is the first hike in …
India’s iron ore output seen at 9-year high before leases expire
As India pipped Japan as the second largest producer of steel after China in 2018, India is on track to produce the most iron ore in nine years as independent …
Expiring mining leases could hit India’s steel-making capacity, says minister
India’s plans to triple its steel-making capacity to 300 million tonnes are likely to be hit hard as a large number of iron ore mining leases are due to …
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 …
Iron ore prices in India rise on robust demand, says CRISIL
A robust growth in domestic demand and elevated pellet prices have led to a rise in prices of iron ore in India, according to a report by ratings agency …
Steel minister urges tech giants to invest in India’s minerals and metals sector
India’s steel minister has urged international investors and technology giants to invest in the country’s minerals and metals sector. Speaking at an …
China plans to launch iron ore options in 2019 – report
China aims to launch iron ore options next year, and the world’s top buyer of the steelmaking raw material is looking to offer more hedging tools to iron …
China’s demands for premium iron ore, coal to have mixed impact on miners, says Fitch
China’s stricter environmental regulations and structural changes in its steelmaking industry is boosting ongoing demand for high-quality iron ore and …