CBI charge sheets company of cheating bank by Rs 102.45 cr

CBI charge sheets company of cheating bank by Rs 102.45 cr

CBI has charged a Gurgaon-based businessman with cheating Indian Overseas Bank of Rs 102.45 crore by submitting forged bills of iron ore exports.

India needs to scrap iron ore export tax as prices sink: Sesa

India needs to swiftly remove a tax on iron ore exports, the country`s top private miner of the commodity said, calling the duty an "economic barrier" in the face of falling global prices.

Iron ore exports up 2% in FY14;to grow at healthy rate in FY15

Iron ore exports, which declined from over USD 7 billion per annum to USD 1.69 billion in 2013-14, are expected to get a big boost following the Supreme Court's order to lift mining restrictions in Goa.

Care for curbs on iron ore fines export, warns of low reserves

As per its estimates, domestic iron ore demand is likely to grow around 7 percent per annum to reach 169 million tonnes (MT) per annum by FY'18.

India's iron ore exports down 28% to 11.17 MT in Apr-Dec

India's iron ore exports have gone down by 28.16 percent during April-December of the current fiscal to 11.17 million tonnes (MT) as gloom continues over the sector due to the present regulatory scenario, mineral industries body FIMI said today.

Mines Min to seek reduction in iron ore fines export duty

Concerned over steep decline in iron ore exports, Mines Ministry will seek from its finance counterpart reduction of duty on fines from the current 30 percent.

Iron ore exports likely to be in single digits in FY14: FIMI

Iron ore exports may remain in the range of 8-9 million tonnes in the next financial year and the country may become a net importer of the commodity, an industry official said.

Iron ore exports fall by 68% during Apr-Jan period: FIMI

The country had exported 515.19 lakh tonnes of iron ore in the corresponding period in the last financial year.

Goa govt rules out ban on iron ore exports

Goa Chief Minister Manohar Parrikar on Friday ruled out the possibility of clamping a ban on exports of iron ore from the state.

Mines ministry disagrees with panel suggestion on export ban

The Mines Ministry has disagreed with the Justice Shah committee suggestion of banning exports of iron ore and manganese ore to check illegal mining, saying that the export of minerals is guided by policy, and it has referred the matter to the Ministry of Commerce.

China looks for alternatives as India iron exports fall

A decline in iron ore exports from India following a crackdown by the government to check illegal mining has prompted China to begin exploring alternate markets to source its requirement of the mineral, a senior official of China Minmetals Corporation said on Friday.

Slowing economy will affect Iron Ore exports: Steel Ministry

In a bleak outlook, a senior Ministry of Steel official Thursday said the Iron Ore exports would be under pressure and the overall growth of the industry may be affected owing to global competition and prevailing market forces in the next five years.

Govt action likely to hit iron ore exports from Goa

Iron Ore exports from Goa are expected to fall in the wake of suspension notices and regulatory orders issued against some mining firms in the state, Goa Mineral Ore Exporters Association said Tuesday.

Par Panel suggests govt to curb iron ore exports

The government should explore the possibility of curbing iron ore exports to ensure availability of the key steel making raw material, as domestic reserves may last only for 10 years more, a Parliamentary Panel has said.

Mining season winds up in Goa; lump ore exports on in monsoons

The monsoon arrived in Goa last Friday, signalling the winding up of the mining season.

Karnataka to allow iron ore exports within 15 days

Iron ore exports from Karnataka is likely to resume within a fortnight from the state, a senior official said.