Miners urges government to withdraw curbs on iron ore sale in Karnataka, India

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The community of mining dependents in Karnataka have urged the government to remove restrictions on iron-ore sale from the state, saying it will help create additional one lakh jobs in the mining sector and bring great relief amid COVID-19 crisis. Karnataka Gani Avalambithara Vedike (KGAV), which represents mining dependents, lauded Prime Minister Narendra Modi’s ‘Vocal […]

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Steel companies in India stocking up on iron ore on fear of supply disruptions

Steel manufacturers and other end user industries in India have accelerated iron ore buying as they fear disruptions in supplies after the end of lease tenure of merchant mines by March 31, 2020. Almost all leading integrated steel makers and secondary producers have intensified iron ore sourcing to avert raw material crunch and ensure uninterrupted […]

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Low quality iron ore are stockpiled at pitheads of mines; potential hurdle to new miners post auctions

The huge inventory of iron ore at pit-heads of mines lapsing by March 31, 2020 is going to pose a hurdle to new miners who acquire them after auctions, reports Business Standard. The stockpile of iron ore has mounted to 163 million tonnes across mines in the country. Odisha and Jharkhand combined together account for 137 million tonnes of […]

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Nickel’s fate hangs in balance as Indonesia considers early ban on exports

Indonesia is weighing whether to advance the timeline for a planned ban on exports of mineral ores, the country’s trade minister said a day after nickel prices surged on speculation the Southeast Asian nation will halt shipments, Reuters reports. President Joko Widodo is gathering input from the Ministry of Energy and Mineral Resources about the […]

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Karnataka steel industry body calls for fresh auction on ore mines

The Karnataka Iron and Steel Manufacturers’ Association (KISMA) has demanded fresh auction of iron mines in Karnataka to provide a level-playing field between captive and merchant miners.  The industry body also claimed that the concerns raised by merchant miners over the possible supply shortage post expiry of mining leases in March 2019 are “baseless” and […]

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Vedanta looking for options for its iron ore workers after Supreme Court’s shutdown order for its Goa mines

Vedanta Resources is considering options including lay-offs for some of the 2,000 employees of its iron ore business in and around Goa that was shut down by a court. The Supreme Court in February this year had cancelled all iron ore extraction permits in the southwestern state of Goa and ordered mining to cease from […]

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