According to an affidavit filed by the Goa government in the Supreme Court, the state government plans to ban completely all fresh excavation of mineral ore. The affidavit, which was filed in response to a public interest litigation (PIL) seeking action against rampant illega
Tag: Iron Ore
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Use of low-grade ore raises cost of steel firms
An agency report quoted Basant Poddar, Vice President of Federation of Indian Mineral Industries (FIMI) as saying that the use of low-grade iron ore by steel firms may raise the operational cost of these firms. On the back of acute shortage of iron ore in the country, steel firms are forced to use low-grade ore to run
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Use of low-grade ore raises cost of steel firms
An agency report quoted Basant Poddar, Vice President of Federation of Indian Mineral Industries (FIMI) as saying that the use of low-grade iron ore by steel firms may raise the operational cost of these firms. On the back of acute shortage of iron ore in the country, steel firms are forced to use low-grade ore to run
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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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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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Forest panel clears mining project at West Singhbhum district
The Forest Advisory Committee, which deals with forest clearances, allowed JSW Steel and Jindal Power and Steel to divert 1,500 ha of dense forests in the West Singhbhum district of Jharkhand for iron ore and manganese mining. JSW Steel had sought the diversion of nearly 1,000 hect
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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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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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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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AIFI seeks govt support to become more competitive
Association of Indian Forging Industry (AIFI) requested the government to support the sector and enable firms to compete effectively in the global markets. Among other things, the industry body asked the government to promote value added products and ban export of higher grade iron