Minister of Mines, Dinsha Patel justified the increase in export duty on iron ore saying that such a measure would discourage export of the key raw material and increase domestic availability of the same. Export of iron ore is regulated through fiscal measure by imposition of export duty. Accordingly the central gove
Tag: Iron Ore
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KIOCL calls off deal to explore Akjoujt asset
Reports suggest that Kudremukh Iron Ore Corporation (KIOCL) called off a deal with Curve Capital Ventures for developing Akjoujt iron ore asset in the Islamic republic of Mauritania, in the West African desert region. KIOCL and the London-based venture capital fund signed a non-binding agreement for developing the Mau
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KPT takes efforts to diversify cargo mix at Haldia
Kolkata Port Trust (KPT) is making efforts to diversify HaldiaĂâs cargo mix and attract larger volumes of existing cargoes. The port trust intends to diversify the cargo at Haldia because the latter lost over 10 million tonne (mn t) of
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CEC may allow auction of ore dumps in Bellary
Informed sources indicate that the Central Empowered Committee (CEC) may allow the auction of 6 million tonne (mn t) of iron ore dumps at various mines in Bellary district of Karnataka. Earlier, the committee visited various mines in the district and estimated that about 6 mn t of dumps could be auctioned. It is learnt that the CEC may allow auction of th
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NMDC seeks equity partner for 3 mn t steel project
Public sector iron ore miner NMDC, which plans to set up a 3 million tonne (mn t) steel plant at Nagarnar in Chhattisgarh, is looking out for an equity partner for the project. The project reportedly faces delay because NMDC whose core competency lies in iron ore mining could not proceed owing to unavailability of a steel maker as a part
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NMDC seeks equity partner for 3 mn t steel project
Public sector iron ore miner NMDC, which plans to set up a 3 million tonne (mn t) steel plant at Nagarnar in Chhattisgarh, is looking out for an equity partner for the project. The project reportedly faces delay because NMDC whose core competency lies in iron ore mining could not proceed owing to unavailability of a steel maker as a part
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SIMA seeks imposition of duty on scrap import
In its pre-Budget memorandum, the Sponge Iron Manufacturers Association (SIMA) urged government to discourage huge import of steel scrap, which is killing Indian sponge iron industry. The association wants the government raise basic customs duty on steel melting scrap from 0 to 10 per cent in Budget 2013 to discourage its
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SIMA seeks imposition of duty on scrap import
In its pre-Budget memorandum, the Sponge Iron Manufacturers Association (SIMA) urged government to discourage huge import of steel scrap, which is killing Indian sponge iron industry. The association wants the government raise basic customs duty on steel melting scrap from 0 to 10 per cent in Budget 2013 to discourage its
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Vedanta Group eyes mineral assets in India
Vedanta Group would bid for iron ore, coal and oil & gas assets in the country in order to take advantage of the lower cost of production compared to global standards, Anil Agarwal Chairman of the London-listed group said in an interview to a leading media. He said the company would bid for coal assets to feed its power plants that are generating 10,000 mw of power each year
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Vedanta Group eyes mineral assets in India
Vedanta Group would bid for iron ore, coal and oil & gas assets in the country in order to take advantage of the lower cost of production compared to global standards, Anil Agarwal Chairman of the London-listed group said in an interview to a leading media. He said the company would bid for coal assets to feed its power plants that are generating 10,000 mw of power each year