"Australia's major iron ore suppliers are highly cost competitive and are expected to displace higher cost and lower quality Chinese mining operations," the
On January 2 this year, the country's largest iron ore miner NMDC raised prices of higher grade iron lumps and fines by Rs 500 each to Rs 3,100 and Rs
A mining company's profits are directly affected by ore prices, other things remaining the same. On Tuesday, NMDC Ltd raised its ore prices for January by a fifth over the preceding month, after increasing them in December too. The price of iron ore lumps is higher by 35% and that of fines by 34-35%, over
To avoid costly damages and possible fines, the mining industry is implementing and following safety regulations, which has made the use of dust
On Tuesday, NMDC announced a Rs 500-increase in price of lump ore to Rs 3,100 per tonne, or up 20%, while fines will now be charged at Rs 2,760 per
As the deadline set by the Supreme Court to recover penalty against the illegal iron ore mining done has already ended on December 31 the State Government is now weighing
To counter the latter demand, Indian iron-ore miners have pointed out that while there are virtually no buyers in international markets for low grade iron-ore fines of ferrous content below 58%, the mining industry has been left saddled with significant stockpile of fines of grades between 58% and 62% as
KOLKATA: National Mineral Development Corporation (NMDC) Limited, the country's largest mining company, has raised prices of iron ore with effect from January 2, 2017. Lump ore will now be priced at Rs 3,100 per tonne while fines will be charged at Rs 2760 per tonne, NMDC said in a notification to the
The compensation was calculated by the central empowered committee (CEC), a Supreme Court-appointed panel that probed into large-scale mining irregularities in Odisha. The miners were bound to pay the compensation for overproduction of iron ore and manganese ore latest by December 31 to save
There would be no decrease in the expected 100 million tonne iron ore production this financial year," the official said. The state had 54 functional iron ore and manganese mines. After the latest closure of the seven mines, 47 remain functional. While 41 of them had cleared the fines imposed on them, six of
In an affidavit to the Supreme Court, the mines ministry had said that environment and forest violations while mining must be punished by recovering a rationalised value of the ore. It is unclear, however, whether all its ministries and public sector undertakings are in agreement and ready to pay for their past
The compensation was calculated by the central empowered committee (CEC), a Supreme Court-appointed panel that probed into large-scale mining irregularities in Odisha. The miners were bound to pay the compensation for overproduction of iron ore and manganese ore latest by December 31 to save
Another government official said there would be no impact on mining revenue (towards mining royalty) because of the closure of some mines. The state had 54 functional iron ore and manganese mines. While 41 of them had cleared the fines imposed on them, six of them had no pending dues. More mining
Bhubaneswar: With a day left for the deadline for realisation of fines from the erring mining lessees, the state government has collected Rs 8,200 crore from the companies that have illegally extracted iron and manganese ore between 2000-01 and 2010-11. The Supreme Court on August 2 directed the
Taking cues from NMDC, the country's largest iron ore miner, lessees in Odisha have hiked ore prices by up to Rs 500 per tonne in less than a month. Over the past two weeks, prices of 62.5 per cent-grade iron ore fines have appreciated by 12-14 per cent, much in line with the steep hikes effected by
O'Keeffe said Bloom Lake is positioned to capitalise on a growing premium for the high-grade iron-ore the mine will be producing, based on
Pointing a gun to their heads, they are being asked to pay fines worth thousands of crores and that too before the year is out.
The dam protected 1.9 billion cubic feet of poisonous mud-refuse from an iron ore mining operation run by Brazilian corporation Samarco-from
The decision comes after the Environmental Protection Authority twice found Mineral Resources Ltd's proposal to develop the Jackson 5 and Bungalbin iron ore deposits within the Helena-Aurora Range, north of Southern Cross, was environmentally unacceptable. Environment Minister Stephen Dawson
Lump ore can be loaded directly into blast furnaces, is easier to handle during transportation and can be shipped during wet seasons (liquefaction can be an issue with the shipment of iron ore fines during wet weather). For steelmakers it cuts pollution and lowers cost and lump now constitutes between