Page 2 - Iron Ore Mines

Cabinet okays Ordinance removing end-use restrictions in coal mine auctions

The decision taken by the Cabinet Chaired by Prime Minister Narendra Modi will also do away with end-use restrictions of the mining blocks

Chhattisgarh extends leases of 4 NMDC mines to maintain iron ore supply

Last month, the company said the Chhattisgarh government has assured the public sector undertaking of renewing mining leases in the Dantewada district for another 20 years.

Odisha govt allows merchant miners to stash minerals in stock yards

The merchant miners will be granted storage licenses valid is till March 31, 2022

Ministry of Mines stays cancellation of NMDC lease for Donimalai mine

NMDC and the state administration got into a legal battle over Donimalai after the state government decided to levy a premium on the iron ore extracted from the mine

Steel ministry mulls options for duty free export of higher grade iron ore

Lower-grade iron ore fines are piling up at mine heads with no demand in the domestic market

Goa govt mulls tapping into iron ore mines not covered by 2018 SC order

Pramod Sawant said his government in working on an action plan to restart the mining industry

Steel Ministry in talks with Karnataka govt to resolve Donimalai mine issue

Last week, NMDC said it has suspended iron ore-mining at the Donimalai mine in Karnataka

Karnataka to auction iron ore mines if NMDC not willing for 80% premium

PR Tripathi, former CMD of NMDC says the imposition of 'heavy' premium on a public sector undertaking is not tenable as per law

Cheaper imports to deliver future shocks to merchant miners

Domestic iron ore producers are feeling the pinch of a rising preference for captive mining among steelmakers and competition from cheap imports

Non-payment of fines to shut off 20 mn tonne iron ore capacity in Odisha

Failure to pay the Supreme Court ordered penalties by mine owners has led to the shutdown of seven working iron ore mines in Odisha. The closure of operational leases is set to knock of 20 million tonnes (mt) of annual iron ore capacity in the state.Odisha is the biggest producer of iron ore in the country. The state produced in excess of 100 mt in last fiscal and has approved environment clearance (EC) to churn out 180 mt in 2017-18.The deadline for paying compensation for overproduction of iron and manganese ore as per the August 2 Supreme Court judgment was December 31. Serajuddin & Company, Mesco Steel and state run Industrial Development Corporation of Odisha Ltd (IDCOL) are among the key working mines that failed to meet the apex court mandated deadline for penalty payments. The three companies operated their leases in Keonjhar's Joda circle.While Serajuddin was burdened with Rs 748 crore penalty, Mesco Steel was slapped with a demand notice to pay Rs 924.75 crore as ...