Media reports indicate that the union mines ministry may send an advisory to the Odisha government warning against the proposed measures of the state government. Especially, the mines ministry may advise the state government against proceeding with a proposed move asking holders of mining lease (pending renewal) to sup
Category: Coal & Mining
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Odisha govt’s mining policy does not find favour with centre
Media reports indicate that the union mines ministry may send an advisory to the Odisha government warning against the proposed measures of the state government. Especially, the mines ministry may advise the state government against proceeding with a proposed move asking holders of mining lease (pending renewal) to sup
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Draft steel policy focuses on allocation of captive mines
The National Steel Policy draft envisages further strengthening of the provisions of allocation of captive iron mines to steel producers in a transparent manner through a process of open bidding for all the well prospected mines. By 2025-26, the policy draft, expects the country's stee
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Indian delegation signs LoI with Brazil govt
An Indian delegation led by union steel ministry signed
a letter of intent (LoI) with Brazilian government to strengthen cooperation between the two nations in steel and mining sectors. Executive Secretary (Mines and Energy), Government of Brazil signed the agreement on behalf of that country. The two countries have emerged as large markets after China in terms of their growth potential among the dev
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JSPL not to acquire ore mine of Afferro Mining
In an official statement, Jindal Steel and Power (JSPL) said it does not want to buy Afferro mines iron ore in Canada because of several drawbacks with the mine. According to JSPL, The deal with Afferro Mining did not materialise, because much of the proven iron ore reserve at the Afferro site in Cameroon has low-grade magnetite for which beneficiation reports have not been
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SPS Shipping eyes coal ferrying contract
SPS Shipping is taking efforts to secure the contract to transport coal through inland waterways for NTPCÂ’s Barh-II thermal power plant project in Patna. The company is holding discussion with the public sector power major in this regard transport 3 million tonne of coal from Sandheads (mouth of the Hooghly river) alon
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Govt may form task force to draft policy on underground mining
Public sector miner like Coal India (CIL) and other companies have urged government to draft a policy for the development of underground coal mines in the country. Following this, the union coal ministry has reportedly proposed to set up a task force to map out a strat
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NMDC decides not to hike iron ore price for Feb
Anticipating decline in demand, National Mineral Development Corp (NMDC) decided not to raise price of iron ore and maintain it at Rs 5,060 ($95.01) per tonne for lumps, and Rs 2,610 per tonne for fines for February. It may be recalled that the country's biggest iron ore producer reduced prices by up to 6 per cent last month. It is lea
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India may witness sharp fall in ore exports
India may export 17.3 million tonne iron ore in 2012-13, a far cry from the 61.8 million tonne export in the previous year and 120 million tonne in 2009-10, investment bank Barclays Capital said in a forecast. Between Apr-Nov 2012, the country exported 15 million tonne ore, compared to 36 million tonne in the previous year. This is a decline of 62.3 per
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India may witness sharp fall in ore exports
India may export 17.3 million tonne iron ore in 2012-13, a far cry from the 61.8 million tonne export in the previous year and 120 million tonne in 2009-10, investment bank Barclays Capital said in a forecast. Between Apr-Nov 2012, the country exported 15 million tonne ore, compared to 36 million tonne in the previous year. This is a decline of 62.3 per