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NMDC clocks record sales, production in FY'14

Last Updated: Wednesday, April 02, 2014, 16:33

Production and sales of NMDC never touched the 30 MT-mark since it was incorporated in 1958.

NMDC's April-February sales up 17% to 27.43 million tonnes

Last Updated: Tuesday, March 11, 2014, 15:14

State-owned iron ore miner NMDC's sales rose 17 per cent to 27.43 million tonnes in the first 11 months of the current financial year on higher demand from steel makers.

NMDC keeps Feb iron ore prices unchanged

Last Updated: Tuesday, March 04, 2014, 17:21

"Iron ore prices for both lump and fines have been kept unchanged for March," a senior NMDC official said.

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

Last Updated: Monday, March 03, 2014, 18:29

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.

Centre not in favour of closing down mines: Steel Secy

Last Updated: Saturday, February 22, 2014, 22:58

The Centre is not in favour of closing down some of operational iron ore mines in the wake of Justice M B Shah Commission report on illegal mining activities in Odisha, a senior official said today.

Digvijay Singh alleges under-pricing of iron ore in Goa e-auction

Last Updated: Thursday, February 20, 2014, 22:54

Congress general secretary Digvijay Singh alleged under-pricing of iron ore by companies during the e-auctioning held recently under the watch of a monitoring committee appointed by the Supreme Court.

Mining giant BHP`s first-half profit soars 83%

Last Updated: Tuesday, February 18, 2014, 08:45

Global mining giant BHP Billiton said Tuesday first-half net profit soared 83 percent to USD 8.1 billion on the back of strong production across its iron ore, coal and petroleum businesses.

Iron ore to be e-auctioned in Goa on Monday

Last Updated: Sunday, February 16, 2014, 22:54

Eleven companies will vie for half a million tonnes of iron ore in the first phase of the e-auction to be held in the state on Monday.

Expert committee suggests 20 mn ton iron ore mining in Goa

Last Updated: Thursday, February 13, 2014, 14:06

In a major set back for the iron ore mining industry, the Supreme Court appointed expert committee has opined that only 20 million tons of the metal ore should be allowed to be mined in Goa, as against the current extraction of 53 million tons.

India rejects call to ban iron ore exports from Odisha

Last Updated: Wednesday, February 12, 2014, 17:48

The ministry of mines has rejected suggestions by a powerful government panel to ban exports of iron ore and limit output from the Odisha, dispelling fears the country`s top producer faced curbs similar to those imposed elsewhere.

Iron ore e-auction causing chaos, needs review: Assocham

Last Updated: Sunday, February 02, 2014, 12:06

"There is a need to adopt holistic development approach for ensuring smooth supply of iron ore thereby harnessing the growth of iron and steel industry," said Secretary General, Assocham D S Rawat.

5% export duty on iron ore pellets; excise hiked on gutkha

Last Updated: Tuesday, January 28, 2014, 03:10

"Considering the domestic requirement of iron ore pellets, the Government has decided to impose an export duty of 5 per cent on iron ore pellets," the Finance Ministry said.