Jharkhand government received a request from the state-run Rashtriya Ispat Nigam (RINL) for allocating the over 2,600 acre Ghatkuri iron ore mine, located at the West Singhbhum district. The company wants the mine, which is estimated to have 600 million tonne reserves, for its proposed 3 million tonne per annum (mn tpa) steel plant
Category: Coal & Mining
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Ore output in Odisha may rise in FY14
A news agency reported that Odisha may produce around 65 million tonne (mn t) of iron ore in 2013-14, which is about 5 percent more than the 62 mn t produced in the previous financial year. It may be noted that Odisha is the biggest producer of iron ore in the country. The state government expect higher ore production after it allowed miners in the two high
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SAIL’s expansion project faces delay
The Parliamentary Standing Committee on Coal and Steel expressed concern about the lack of progress in the production performance of the Steel Authority of India (SAIL). During each of the last four years, the firm's production remained stagnant around 14.5 mn t of hot metal, 13.6 mn t of crude steel, 12.8 mn t of saleable stee
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NMDC decides ore price based on local mkt condition
According to the pricing policy being followed by NMDC, the prices of various products of the mines of NMDC are kept in sync with the prevailing domestic iron ore prices in other sectors. NMDC is fixing its domestic prices keeping in view prevailing iron ore prices in other sectors and demand supply scenario for its iron ore. Union Minister of Steel, Beni
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SAIL undertakes expansion project
The Minister of Steel, Beni Prasad Verma informed that the Steel Authority of India Limited (SAIL) has undertaken modernisation and expansion plan at its five integrated steel plants Bhilai Steel Plant (BSP) at Bhilai, Bokaro Steel Plant (BSL) at Bokaro, Rourkela Steel Plant (RSP) at Rourkela, Durgapur Steel Plant (DSP) at Durgapur and IISCO Steel Plant (ISP) at Burnpur and Spe
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Govt allows 10 per cent hike in output from Joda, Koira circles
Considering the increasing demand for iron ore, the Odisha government allowed about 10 per cent hike in the production of ore from Joda and Koira circles to 57 million tonne (mn t) in 2012-13 from the previous year. While ore output from Joda circle is set at 44 mn t, that at the Koira sector is pegged at 13 mn t. Both Joda and Koira are the two most prolific iron ore producing circles in Odisha, contributing to over 80 per cent of the total
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Govt takes steps to boost coal output
The union government has envisaged that one of the ways forward to reduce the dependence on imports is to devise a Public Private Partnership (PPP) policy framework with CIL as one of the partners in order to increase the production of coal for supply to power producers and other consumers. Accordingly the Ministry of Coal has set up a Committee to devise a PPP Policy framework with CIL as one of the partners in order to increase production of coal
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Task force suggests renewal of 11 MoUs
The Odisha government's task force on steel recommended renewal of memorandum of understanding (MoUs) of 11 steel companies in the state based on milestones achieved. The 11 MoUs are part of a list of 15 steel projects whose field verification has been completed by Ipicol. The draft MoUs of the 11 steel companies are prepared by the state steel & mines department. Ipicol will take the views of other concerned departments on the MoU, said steel & min
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Pig iron makers try to overcome muted local demand
Pig iron producers in India are trying to reduce manufacturing cost and diversify their sales to foreign markets amidst muted demand from the domestic steel sector. In order to reduce production cost, some units are said to be using more iron ore fines than lumps. Further, firms like Sesa Goa are now producing according to the need only
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Task force recommends projects worth over Rs 100 bn
The Odisha government's State Level Task Force on Steel recommended approval for investment proposals worth over Rs 10,000 crore in the steel sector. In a recent meeting, the task force decided that the investment would be approved by the Single Window Clearance Committee (SWLC) headed by Chief secretary