Paradip Port Trust (PPT) handled 329 per cent more iron ore at 7.65 lakh tonne during April-May 2013 compared to 1.78 lakh tonne in the year-ago period. The strong growth in ore throughput from the port has given rise to hope of a revival in its export,
Tag: Iron Ore
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ASSOCHAM opposes relaxation of export ban on ore
Industry body Associated Chambers of Commerce and Industry of India (ASSOCHAM) and the Odisha government oppose the centre's possible move to relax the export ban imposed earlier on iron ore. In fact, Odisha governments wants the centre to ban ore export completely as it argues that a number of industries in the state are facing shortage of the raw materia
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Govt panel may suggest hike in royalty fees
A committee appointed by the union government to recommend on the amount of royalty to be paid by iron ore miners to state governments would submit its report in the next few weeks, media reports indicate. According to source-based information, the committee would suggest the government to raise the royalty fees of iron ore miners by 50 percent
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Odisha govt cancels license of Deepak Steel
Odisha government cancelled the trading licence of Deepak Steel and Power and also refused to renew the Memorandum of Understanding (MoU) signed with the firm earlier owing to irregularities committed by the firm. The MoU signed with the firm has already lapsed and the state government refused to renew it. The company has allegedly produced more iron ore than what was statutorily allowed from the from an adjacent plot in Uliburu mines. The adjacent plot was categorised as reserve forest
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51 mining leases cancelled by Karnataka govt
According to the order of the Supreme Court, the Karnataka government has cancelled 51 iron ore mining leases in Category C. Holders of these mines were charged of carrying out rampant mining illegally outside the lease area and hence the Supreme Court ordered for cancellation of the mining leases some months
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SAIL to complete Rs 38 bn project by FY15
By 2014-15, state-run steel maker plans to complete its proposed Rs 3,800 crore environment protection-related projects at its iron ore mines, media reports indicate. The projects, which is part of the over Rs 10,000-crore modernisation and expansion programme, includes improvement in ore processing for zero discharge, minimising generation of tailings, reduction in use of water and land
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RINL to invest Rs 25 bn on iron ore project
State-run steel maker RINL plans to set up an iron ore beneficiation plant and a 2 million tonne pellet plant in Bhilwara, Rajasthan at a cost of Rs 2,500 crore. Through the proposed beneficiation plant, the company would make value addition of the iron ore mined from the block awarded to it by the Rajasthan government recently at Bhilwara. The value added output would be used at RINL's Vizag steel plant
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Siemens to set up conveyor systems
Siemens will set up conveyor systems to carry iron ore from the stockyard belonging to Rio Tinto in Australia to the loaders at a port in the northwest region of the country. Siemens roped in an engineering firm Sinclair Knight Merz to provide conveyor systems for the project. Siemens would commission three conveyors in August and another five in 2014 while delivery is underway for t
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Consortium may finish prospecting work in 18 months
The prospecting work on the three iron ore blocks in Afghanistan's remote Hajigak region may be over within 18 months from the date of commencement of the job in the area. The Afghanistan Iron & Steel Company (Afisco), a consortium of Indian steel companies led by Steel Authority of India (SAIL), secured the contract to mine the block from the national government last year
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JSW may use low-grade ore to overcome shortage
JSW Steel, which aims to produce 9 million tonne (mn t) of steel in 2013-14, plans to use low-grade iron ore dumps, with 46 per cent iron (Fe) content, at its Bellary steel plant owing to shortage of high-grade ore. The company, which has an annual iron ore demand of 15 mn t, finds very difficult to secure it. It created capacity of 20 mn t at its benefication plant, used 52 per cent Fe iron ore and survived for the last two years. Now, it is targeting 46 per cent Fe grade iron