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
Category: Coal & Mining
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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
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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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Odisha’s mineral sector gets offer for aid from World Bank
Odisha State Director of Mines Deepak Mohanty informed reporters that a visiting delegation of the World Bank offered to provide technical assistance for development of mineral sector in the state. The multilateral body would provide support in the field mineral concession agreement, renewal of mining leases, grant of mining leases, socio-economic and envir
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NMDC board to review iron ore price
Soon the board of NMDC would meet to review the price of iron ore it sells in the domestic market in line with the policy of the company to revise it every month. Media reports suggest that the state-run miner could raise the price between Rs 200 and Rs 400 a tonne. The board would take into consideration factors such as dema
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Will privatisation work?
Lack of institutional capacity for developing coal blocks, limited availability of sound contract miners, and procedural challenges faced by the captive coal block owners are major issues haunting the coal mining in India. Dealing with these challenges is important for improving sector supplies, rather than privatisation, writes Dilip Kumar Jena.
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Tata Steel JV asked to secure forest nod for coal mine
Tata Steel and Adhunik Power & Natural Resource will have to secure forest approval for operating the Ganeshpur coalmine in Latehar, JharÂkhand, which was allocated to them for their thermal projects.The coal mine has a production capacity of four million tonne per annum (normative).
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CIL's coal production
Coal India (CIL) said out of the 119 mines allocated to it, the firm expects to begin production from three mines during the 12th Five Year Plan. During the 13th Plan period (2017-21), the company plans to begin production from 14 blocks. The letter also shows that in case of 11 coal mines the exploration has been completed.
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Odisha coal block auctions
Odisha government decided to allow its public sector firms to bid for the five coal blocks - Chandrabila, Tentuloi, Sarpal-Nuapada, Kudanali-Luburi and Bramhani - that the Union Coal Ministry would auction in the state. The ministry has issued notification of bidding for new coal blocks. These five new blocks are estimated to have reserves of around 2,940.48 mn t.