Jindal Steel and Power and JSW Steel are eyeing stake in the British steel trader Stemcor's Indian iron ore assets. JSW is reportedly holding discussion with Stemcor on this matter. Stemcor appointed Goldman Sachs to find a buyer for its Indian assets which include a iron ore mine and iron processing facilities in the state of Odisha, valued by a
Tag: Iron Ore
Post
Post
Ore miners want govt to relax export restriction
Iron ore miners want the government to withdraw the 30 per cent export duty on ore and removal of differential railway freight charged on ore meant for exports.Recently, Prime Minister Manmohan Singh said the government would do the needful to smoothen iron ore export to boost overall exports and bring down the curr
Post
Odisha govt wants to reserve mines to OMC
If the state government's plan goes well, Odisha Mining Corporation (OMC) would get all the remaining mineral bearing areas in the state. Odisha government would write a letter to the union government defending its stand to reserve all balance mineral bearing areas of the state not already held under any
Post
ArcelorMittal abandons 12 mn t steel project in Odisha
After unsuccessfully waiting for seven years to secure land, ArcelorMittal abandoned its 12-million tonne steel plant in Odisha citing unviability of the project. In a press release, the firm said the inordinate delays relating to land acquisition and allocation of captive iron ore blocks means this project is no longer viable
Post
NGT seeks report on mining dumps from Goa govt
By August 8, Goa government has been asked to submit details on the extent of mining dumps in and outside lease areas in the state to the national green tribunal (NGT). At a recent hearing, the tribunal received an assurance from the state government counsel that a complete report about the dumps will be filed and that it will be a common one for all the mine operators named as resp
Post
India imported 78% less ore in June quarter
Unconfirmed reports indicate that India imported 185,113 tonne of iron ore during April-June 3013 and this is 78 per cent lower than 826,372 tonne imported in the year-ago period. By the end of August, the government would officially release data on iron ore import, reports indicate.India was once the third-largest exporter of iron ore in the world, exporting about 98 million tonne, or 47 per cent
Post
Experts seek revamp of royalty policy
Experts argue that the mining industry in India is subject to adhoc and arbitrary royalty regime by the government. They argue that faulty royalty regime is one of the issues plaguing the sector. Industry observers feel that royalty rates of all metals were increased to figures much above the global standards
Post
Govt considering ore license for $12 bn steel project
Unconfirmed reports indicate that the union government is considering to provide an iron ore exploration licence to South Korean firm POSCO for its planned $12 billion steel plant in Jagatsinghpur, Odisha. Granting of this license may expedite the long-delayed steel project, which is said to be the largest forei
Post
Odisha govt to get panel report on ore linkage
By July 15, Odisha government would get a report on long-term ore linkage policy for local industries from the inter-ministerial committee set up for this purpose. The state government set up the panel to suggest measures for making iron ore, manganese, bauxite and chrome ore available to the mineral-based industries in the state in a fair and equitable manner through
the state mine PSU, Odisha Mining Corporation (OMC) and
Post
Odisha govt to get panel report on ore linkage
By July 15, Odisha government would get a report on long-term ore linkage policy for local industries from the inter-ministerial committee set up for this purpose. The state government set up the panel to suggest measures for making iron ore, manganese, bauxite and chrome ore available to the mineral-based industries in the state in a fair and equitable manner through
the state mine PSU, Odisha Mining Corporation (OMC) and