iron ore production

Niti Aayog favours exporting value-added iron ore products

Niti Aayog favours exporting value-added iron ore products

 Government's think tank Niti Aayog has formed an inter-ministerial committee, which will submit a report on the need to shift from exporting iron ore to its value-added products in a bid to boost India's manufacturing capabilities.

Apr 17, 2016, 16:07 PM IST
Niti Aayog favours exporting value-added iron ore products

Niti Aayog favours exporting value-added iron ore products

 Government's think tank Niti Aayog has formed an inter-ministerial committee, which will submit a report on the need to shift from exporting iron ore to its value-added products in a bid to boost India's manufacturing capabilities.

Apr 17, 2016, 16:07 PM IST

NMDC slashes iron ore rates by over 50%; more revision likely

State-run miner National Mineral Development Corporation (NMDC) has slashed iron ore prices by over 50 percent due to the week iron ore demand. Analysts see the prices softening further in the near-term

Oct 04, 2015, 13:44 PM IST

Bill to introduce auctioning in mines passed by Lok Sabha

A bill seeking to introduce the system of auction of mines to enhance transparency and augment mineral production was passed in Lok Sabha Tuesday, with the government terming it a "revolutionary" step.

Mar 03, 2015, 20:07 PM IST

Iron ore production sufficient to meet domestic demand: Govt

Iron ore production in the country is sufficient to meet the domestic demand and steel makers are not facing any shortage of the key input, government said Monday.

Jul 21, 2014, 21:16 PM IST

Karnataka to request SC for raising cap on iron ore production

The Karnataka government would file an affidavit in the Supreme Court, requesting that the cap on permissible production of iron ore be raised to 40 million tonnes from 30 million tonnes currently, Chief Minister Siddaramaiah said Saturday.

Jan 25, 2014, 21:18 PM IST

'Process to constitute search committee for NMDC CMD started'

The Steel Ministry Monday said it has initiated the process to constitute a committee for the selection of the Chairman for iron ore miner NMDC.

Dec 17, 2012, 15:42 PM IST

Govt may disinvest 10% equity in NMDC this week

The government is likely to sell its 10 percent equity this week in iron ore miner NMDC, which could fetch the exchequer nearly Rs 6,300 crore at the current market price.

Dec 09, 2012, 12:41 PM IST

NMDC disinvestment likely by Dec 15

Encouraged by the response to its stake sale in Hindustan Copper, the government today said disinvestment of its 10 per cent shares in NMDC is likely to take place in first half of the next month.

Nov 23, 2012, 22:44 PM IST

NMDC aims 48 MTPA iron ore production capacity by FY15

The proposed capacity expansion would help it feed its upcoming steel-making plant in Chhattisgarh and also partly meet domestic steel makers growing demand.

Nov 18, 2012, 11:31 AM IST

SC order will revive steel industry: Karnataka industries

SC order lifting ban partially on mining operations in Karnataka would revive the iron ore production, industry has said.

Sep 04, 2012, 21:01 PM IST

Steel Min prescribes mammoth increase on R&D spendings

The Steel Ministry is finalising a policy that prescribes domestic steel manufacturers to step up their investment on research and development to 2 percent of the turnover by 2020.

Feb 02, 2012, 18:49 PM IST

NMDC, Severstal for tie-up for Karnataka plant

Iron ore major NMDC and Russia's largest steel maker Severstal are looking at a tie-up in order to meet raw material requirements for their proposed JV steel plant in Karnataka.

Sep 24, 2011, 19:50 PM IST

Steel ministry wants 30 pc duty on iron ore exports

The steel ministry will soon write to the finance ministry demanding to hike export duty on iron ore to 30 percent from the current 20 per cent, a move to ensure that there is no shortage of the raw material for the domestic steel makers in the long-run.

Sep 18, 2011, 14:26 PM IST