Page 2 - Iron Ore Production

Iron ore prices likely to bounce back in H2FY21, expected to gain 15%

Recovery in domestic iron ore prices would be propelled by demand uptick as steel makers are expected to ramp up capacity utilisation with concerns easing on the Covid-19 pandemic

Realisation concerns deepen for NMDC after company cuts prices again

Cuts iron ore prices for second straight month in May

Global iron ore production set for modest growth during 2019-2028: Research

Iron ore supply growth woul be primarily driven by India, Brazil where major miner Vale is set to expand output with its new mine

Odisha to again call for auction of 20 mine blocks after tweaking norms

The official reason for the cancellation is 'administrative inconvenience', but government insiders blame it on wrong interpretation by bidders

Iron ore output likely to hit record 225 million tonnes in FY20

Merchant producers in Odisha accelerating production with lease lapsing by March 2020

Key miners in Odisha look to ramp up iron ore production on firm demand

Key merchant miners in Odisha are looking at scaling up their iron ore mine production capacities, riding on a robust demand. Alongside the firm demand from end use industries, buoyancy in prices is spurring miners to expand output.KJS Ahluwalia, a major non-captive miner, has sought green clearance to raise capacity at its Nuagaon iron ore mines from 5.62 million tonnes per annum (mtpa) to 7.99 mtpa. The miner is also keen to install a beneficiation plant with two mtpa capacity along with crusher and screen plants. The facilities are to come up within the miner's leasehold area.Aditya Birla Group owned Essel Mining & Industries Ltd, too, has proposed to enhance capacity of its Koira iron ore mines from four to six mtpa. Public hearing for the proposed expansion is scheduled on October 30.Besides, Thakurani iron ore mines under the leasehold of Kaypee Enterprises has sought to expand run of the mine iron ore production capacity from 5.5 to 7.99 mtpa. "Demand continues to be ...

Iron ore production in India crosses 200 million tonnes after 7 years

Output reached 210 mt, mostly on increased production in Odisha and Karnataka. This is 9% higher than 192 mt in 2016-17

Iron ore production projected to fall 15% after two years of growth

Iron ore production in the country is projected to fall 15 per cent in FY18 after rising steadily for two successive years since 2014-15 as closure of seven working mines in Odisha and lesser production in Goa will weigh on total output. The shunting out of operations of seven working iron ore leases in Odisha on January1 this year will impact production as their combined annual capacity is 20 million tonnes per annum. The mines of Serajuddin & Company, Mesco Steel and others were closed as the leaseholders failed to pay the Supreme Court mandated compensation for overproduction by December 31 deadline. The production loss would be reflected in the January-March quarter. Odisha is the country's largest producer which contributed 102 million tonnes to the pan-India output of 191 million tonnes in last fiscal."During 2016-17, the iron ore production was 191 million tonnes. It is estimated that production during the current financial year may be less than 2016-17 owing to likely ...

Iron ore production in Odisha has reached all-time high of 94 mt

Iron ore production in Odisha has reached a record high in this fiscal, with the combined output by both merchant and captive miners touching 94.19 million tonne (as on March 10, 2017). The ore production is at a decadal high, bettering the state's own production rate of 80.8 million tonne (mt) in 2015-16. With-pan India iron ore output by the end of this fiscal pegged at 180 mt, Odisha is poised to retain its slot as the highest producer, accounting for over 50 per cent of the output.The despatch of iron ore permitted by the state government is 111.1 mt and if achieved, this could be the best ever despatch rate ever. By the end of February this year, the iron ore despatches were already in upwards of 90 mt."The extension of lease validity and increased level of mechanisation at some key operating mines had led to the spike in production. We are confident that Odisha's iron ore production will be over 100 mt by the end of this financial year", said a state government official.Odisha ..