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Government hikes royalty rates on minerals

Government hikes royalty rates on minerals

Last Updated: Wednesday, August 20, 2014, 23:33

The government Wednesday gave nod to increasing royalty rates on minerals including iron ore and bauxite, a long-awaited move that will significantly swell the annual revenue of states.

NMDC may spend Rs 2,300 cr to up iron ore production in  Chhattisgarh

NMDC may spend Rs 2,300 cr to up iron ore production in Chhattisgarh

Last Updated: Tuesday, August 19, 2014, 15:22

It is expected that the mine can generate 7 million tonnes per annum over a period of time.

Unfortunate that steel, iron-ore are imported: Narendran

Last Updated: Friday, August 15, 2014, 11:32

Pitching for proper utilisation of resources, Tata Steel MD (India and South East Asia) T V Narendran today said it is "unfortunate" that steel and iron ore are being imported by a country blessed with rich mineral reserves.

NMDC gets Australia Board clearance for investment in Legacy Iron

Last Updated: Tuesday, August 12, 2014, 14:52

The Australian mineral and metals explorer launched 'a 3 for 1 pro rata non-renounceable entitlement offer' to its shareholders.

ArcelorMittal lowers 2014 outlook on lower iron ore price

Last Updated: Saturday, August 02, 2014, 01:58

Steel titan ArcelorMittal said it has reduced its outlook for 2014 because of a lower-than- expected iron ore price, even as it reported a return to profit in the second quarter of this year.

ArcelorMittal cuts outlook as ore prices hit mining

Last Updated: Friday, August 01, 2014, 14:28

ArcelorMittal, the world`s largest steelmaker, cut its forecast for earnings this year after lower than anticipated iron ore prices ate into the profit of its mining business.

Cabinet approves Shah Commission's report on illegal mining

Last Updated: Thursday, July 31, 2014, 16:50

As per Zee Media sources, the Cabinet has also accepted Shah Commission's action taking report on iron ore mining.

NMDC plans to boost iron ore output by two-thirds

Last Updated: Wednesday, July 23, 2014, 14:26

NMDC Ltd, India`s biggest iron ore producer, aims to ramp up output by two-thirds in five years to 50 million tonnes a year.

Iron ore production sufficient to meet domestic demand: Govt

Last Updated: Monday, July 21, 2014, 21:16

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.

India will not restrict iron ore exports: Minister

Last Updated: Monday, July 21, 2014, 17:39

India does not plan to restrict exports of iron ore despite curbs on illegal mining, Minister of State for Steel Vishnu Deo Sai said on Monday, adding that there was still enough of the raw material for domestic steelmakers.

NMDC may spend AUD 12.1 mn for rights issue of Legacy Iron

Last Updated: Monday, July 07, 2014, 14:55

State-owned mining company NMDC Limited may spend nearly AUD 12.1 million to subscribe a rights issue planned by its Australian arm Legacy Iron Ore Limited.

Shots fired as Liberia police quell ArcelorMittal mine protest

Last Updated: Saturday, July 05, 2014, 08:08

Liberia`s security forces fired shots in the air to break up a protest at an ArcelorMittal SA iron ore plant northeast of the capital on Friday, authorities and witnesses said.