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Tata Sponge production surges 8% to record 3.9Litres in FY17

Tata Sponge production surges 8% to record 3.9Litres in FY17

The metal company produces high-grade sponge iron and has an annual manufacturing capacity of 3.9 lakh tonnes of sponge iron from its 3 kilns.

Vedanta arm wins tender to redevelop Mormugao port in Goa

Metals major Vedanta today said its subsidiary Sterlite Ports will redevelop Mormugao port in Goa on Develop, Build, Finance, Operate and Transfer (DBFOT) basis for 30 years.

Robot trucks now operating at Rio Tinto

Rio Tinto now has 69 driverless trucks operating 24 hours per day, estimating a saving of 500 work hours per truck per year.

Union minister says would quit if claim on Odisha mining mafia proved wrong

Union Tribal Affairs Minister Jual Oram Friday challenged that he would quit politics if his claim on illegal stacking of huge quantity of iron ore by mafia at the Rengra Railway siding and nearby areas in Sundergarh district, was proved wrong.

NMDC may invest Rs 40,000 cr in 8 years for capacity expansion

NMDC may invest Rs 40,000 cr in 8 years for capacity expansion

State-owned NMDC Ltd plans to invest Rs 40,000 crore in the next eight years to reach a target of 100 million tonnes per annum of iron ore production from the current levels of little over 30 MTPA.

Vedanta on major cost cutting drive at Goa iron ore business

Mining conglomerate Vedanta has started a major cost cutting drive at its iron ore business in Goa amid subdued market sentiments and depressed prices of the commodity in global markets.

BHP Billiton profit dives to 10-year low on commodities rout

BHP Billiton reported its worst underlying profit in a decade on Tuesday, gutted by plunging iron ore, copper, coal and oil prices, and said it would cut spending more deeply to shore up dividends.

More mining cos gear up to begin iron ore extraction in Goa

Following Vedanta, three more mining companies have expressed their intent to resume iron ore extraction activity in the state, a mining exporters' body in Goa has said.

Vedanta resumes iron ore mining in Goa, pegs rate below $45/tn

The Anil Agarwal-led company today said it has received all approvals to restart mining at its Codli and Bicholim mines in Goa while announcing the reopening of Codli mine.

Vedanta to start iron ore mining operations in Goa next week

Mining conglomerate Vedanta Ltd is likely to start iron ore mining operations at the Codli mines in Goa on August 10.

Tata Steel's iron ore dispatch in Jharkhand takes a hit

Tata Steel on Thursday said the stoppage of issuance of challans by the Jharkhand government has blocked the dispatch of iron ore from its Noamundi iron ore mine in the state to its steel plant in Jamshedpur.

BHP Billiton's iron ore production rises but gas slips

The Anglo-Australian firm said ore output for the three months to June rose by six percent from the same period last year.

Vedanta hopeful of resuming iron ore mining in Goa by Oct

Billionaire Anil Agarwal-led mining firm Vedanta Ltd Saturday said it is hopeful of restarting iron ore mining in Goa from October.

Tomar asks NMDC to raise output to meet 75 MT target by 2020

Tomar who had visited NMDC headquarters in Hyderabad to review its performance asked the PSU to focus on increasing iron ore production.

Working with states to enable mines auction by year-end: Tomar

The Centre is working with states to start by year end the auction process for about 200 mines containing minerals such as iron ore, bauxite and limestone, Steel and Mines Minister Narendra Singh Tomar said.

Vedanta says will work to lift cap on India iron ore output

A mining ban that had been in place in Goa since September 2012 was lifted last year, but the resumption of operations was delayed while the government gave environmental clearance.

India denies scrapping of Afghan iron-ore mining project

India has dismissed reports that an Indian consortium has scrapped a multi-billion dollar iron-ore mining deal in Afghanistan, saying only an analysis of the proposed project's opportunities and strengths had been done.

Parl Panel asks govt to allot captive iron ore blocks to RINL

A Parliamentary panel "strongly" reiterated its recommendation to the government to allot iron ore blocks to state-run steel major RINL to help it achieve the planned capacity addition of 20 million tonne (MT).

India to cut export tax on low-grade iron ore to 10% from 30%

India will cut the export tax on low-grade iron ore to 10 percent from 30 percent, Finance Minister Arun Jaitley said on Thursday, a move that will boost shipments of the steelmaking raw material from Goa.

Big China steel thrives, stoking export fears

Plunging iron ore prices are providing a lifeline for some of China`s biggest steel mills, but raising the prospect of a rising tide of exports and increased friction with the European Union and countries such as India.