Page 4 - Iron Ore

Iron ore spikes, but China intervention fears weigh

Dalian and Singapore iron ore futures advanced on Wednesday, reflecting optimism about demand prospects for steel products and raw materials in China, but concerns about China intervention weighed.

NMDC net profit jumps 122% in first nine months of FY22

The government-run NMDC registered a turnover of Rs 19,179 crore for the first nine months of the financial year 2021-22

China iron ore futures drop on worries over local Omicron variant cases

The most traded iron ore futures on the Dalian Commodity Exchange, for May delivery, dropped 2.2per cent to 698 yuan ($109.52) per tonne as of 0256 GMT

Iron ore rises on hopes of China demand pick-up after Beijing Olympics

Iron ore futures rose on Thursday, on expectations of a recovery in Chinese demand for the steelmaking raw material after the Beijing 2022 Olympics next month

SC to hear on Jan 15 PIL alleging duty evasion in exporting iron ore

A bench comprising Chief Justice N V Ramana and Justices Surya Kant and Hima Kohli was told by the petitioner that the PIL on the issue had not been listed despite the assurance of the bench on Dec 9

Base metals shine in wild 2021 as gold falters, iron ore sinks

Gold bulls were ultimately left disappointed even as inflation raged

India's Apr-Oct iron ore production at 143 MT; set to surpass FY'20 record

India is all set to surpass the record production of 246 MT achieved in 2019-20, Mines Secretary Alok Tandon said

Weak outlook emerges for NMDC as strong steel cycle appears to have peaked

Most analysts have a hold rating on the stock of India's largest iron ore mining company

NMDC slashes lump ore prices by Rs 750 per tonne, fines by Rs 200 per tonne

Iron ore is the key steel making raw material. A change in its prices has a direct impact on the rates of steel

Vedanta's Sesa Goa iron ore biz pledges to become carbon neutral by 2050

In line with the country's larger vision of net zero carbon economy, the company has devised a comprehensive plan to achieve this goal, the company said in a statement

China iron ore futures surge on hopes of resuming steel production

Spot prices of iron ore with 62% iron content for delivery to China rose $4 to $95.5 a tonne on Monday

State-owned NMDC's iron ore output for Apr-Oct jumps 43% to 21 MT

During the period, sales of the country's largest iron ore miner also registered 43% growth, the Ministry of Steel said

JSPL to start mining at Kasia mine within a month: MD V R Sharma

Jindal Steel and Power Limited (JSPL) aims to start mining at Kasia iron ore block within a month, its Managing Director V R Sharma said. The integrated steelmaker on Thursday announced bagging of the block, which has total reserves of 278 million tonnes (MT). Speaking with PTI, Sharma elaborated on the company's plans with respect to starting operations at the Kasia iron ore mine, located about 17 km from JSPL's pellet plant in Barbil. "It is already an operational mine, we can start mining within a month once all statuary approvals are there," the MD said. He said JSPL will also put up a slurry pipeline from the pithead to its steel plant in Angul. This will help the company with 5-6 million tonnes of iron ore per year. The e-auction for the Kasia iron and dolomite mineral block was held on September 18, 2021. It was earlier owned and operated by Essel Mining and Industries. JSPL has been declared as the preferred bidder for the mine at a premium of 118.10 per cent. The mine h

ArcelorMittal Nippon Steel starts operations at iron ore mine in Odisha

Spread over 139.165 hectares, the block has estimated resources of 98.61 million tonnes and was the first to be auctioned under the Mineral Auction Rule, 2015

NMDC iron ore production grows 44% to 15 MT in April-August

State-owned NMDC on Tuesday said its iron ore production surged over 44 per cent to 15.02 million tonnes (MT) in April-August 2021.

Global iron ore production growth to average 3.6% between 2021-25

India's ore output growth seen at 194 million tonnes in 2030, with annual output growth averaging 1.1%

Copper and iron ore tumble as growth fears roil metals markets

This week's drop for iron ore accelerated, with futures sliding as much as 12% to the lowest since December in Singapore

Country must fix iron ore pricing mechanism: Dilip Oommen of AM/NS India

In a Q&A, the CEO of the firm calls for the launch of the National Mineral Index for Steel, which he says has been delayed

State-owned NMDC cuts prices of lump ore, fines by Rs 200 per tonne

State-owned NMDC on Monday said it has reduced the prices of lump ore and fines by Rs 200 per tonne each.

SAIL sits on 42 mn tonnes of sub-grade ore, mulls beneficiation plant

As on March 31, 2020, SAIL valued its inventory of 42.98 million tonne at net realisable value of Rs 3,792 crore.