During Apr-Jun 2013, Paradip port handled 1.03 million tonne of iron ore export cargo compared to just 371,000 tonne in the year-ago period. Specifically, the cargo is iron ore fines of 62 grade. The almost three fold rise in ore export cargo is attributed to the depreciation of rupee against the dollar. Federation of Indian Mineral Industries said there is no major rush of importers to book Indian iron ore. The rise in ex
Tag: Iron Ore
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CPT looks to handle more of clean cargoes
Chennai Port Trust (CPT) wants to increase the volume of dry bulk and break bulk cargoes like food grains, fertilizers in order to compensate for the decline in the iron ore and coal cargoes. The port lost about 18 million tonne of cargo comprising about 10 million tonne of coal and 8 million tonne of iron ore in the last few years owing to reasons beyond the control of the port
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Odisha govt to introduce e-auction after conducting study
Odisha government plans to conduct e-auction of iron ore in the state after studying the same in Karnataka. For this purpose, two officials from Odisha steel and mines department and one from CSM technology would visit Karnataka and study iron ore e auction patterns, modalities and challenges in the state. Following a Supreme Court order in 2011, e-auction of minerals is being conducted in Karnataka and this in
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Odisha govt to introduce e-auction after conducting study
Odisha government plans to conduct e-auction of iron ore in the state after studying the same in Karnataka. For this purpose, two officials from Odisha steel and mines department and one from CSM technology would visit Karnataka and study iron ore e auction patterns, modalities and challenges in the state. Following a Supreme Court order in 2011, e-auction of minerals is being conducted in Karnataka and this in
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Goa govt to apprise SC on action against illegal mining
Goa government is taking steps to address the issue of illegal mining in the state and it would apprise the Supreme Court about the measures taken by when the matter comes up for hearing on July 10, reports indicate. Among the measures initiated by the state are adoption of differential global positioning systems (DGPS) mapping, regularization of dumps, e-filling. The state government is learnt to have addressed mining issues in four areas out of the six areas of conc
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NMDC reduces price of iron ore for July
Considering tepid demand in the monsoon season, public sector mining major NMDC reduced prices of iron ore by Rs 100-200 per tonne for July. While the company decided to cut the price of lumps by Rs 200 per ton, it reduce the price of fines by Rs 100 a ton for July, media reports indicate. Following the decision, which is reportedly taken at the company's recent board meeting in Hyderabad, iron ore l
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Cargo volume at PPT rises 45% in June quarter
During Apr-Jun 2013 quarter, cargo volume at Paradip Port Trust (PPT) rose 45 per cent to 17 million tonne (mn t) from 11.74 mn t in the year-ago period. In an official statement, the only major port in Odisha said the cargo volume during the quarter exceeded the target set for the period by 5.79 per cent.Among all major ports in the country, the port is ranked at second position in terms of both volume and percentage growth in traffic. In June alone, the throu
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Govt to table 1st report of panel in Parliament
The government would table the first report of the Justice MB Shah Commission on the alleged illegal mining activity in Odisha in Parliament soon. Recently, the panel submitted the 1,500 page-long first report to the Union mines ministry. Although the report is not in public domain, it is felt that
the report may contain preliminary observations, suggestion and overall findings besides conclusions on illega
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Draft report calls for hiking royalty on ore
In its second draft report, a mines ministry-appointed study group suggested hiking royalty on iron ore to 15 percent from the present 10 percent. The proposal was made based on views taken by the group from various stakeholders including state and centre governments, companies belonging to both public and private sectors, reports indicate
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RINL, APMDC to ink pact on steel plant
AP Choudhary, Chairman and Managing Director of Rashtriya Ispat Nigam (RINL) said the firm would enter into an agreement with the AP Mineral Development Corporation (APMDC) to set up an iron ore and steel plant at Bayyaram in Khammam. He informed reporters that the firm almost completed formalities with regard to the agreement. Meanwhile, Kudremukh Iron Ore Company (KIOCL) would invest about Rs 1,000 to Rs 1,500 crore to set up beneficiation and pellitization plants of 1.2 million tonne per annu