Reuters reported on Tuesday that a consortium of Indian companies, led by Steel Authority of India, is trying to renegotiate the terms of an iron ore deal with Afghanistan worth up to $10.8 billion.
Articles Tagged "india"
India's iron ore exports dropped by nearly 70 percent over the last fiscal year, Business Standard reported.
Rising iron ore prices combined with a depreciating rupee have prompted Indian exporters to start shipping iron ore fines and pellets, Business Standard reported.
Business Standard reports that Jindal Steel and Power Ltd (BOM:532286) has secured five exploration licences for iron ore mining in African countries.
AFISCO, a public-private Indian consortium, will soon begin mining the Hajigak iron deposit, reports Steel Guru via Malaysia Sun.
LiveMint reports that an Indian government panel has recommended a 50% increase in royalty fees for iron ore miners.
The Telegraph India reported that Afisco, the SAIL-led consortium that plans to mine iron ore at Hajigak in Afghanistan, is “on the verge of signing an agreement” to start the project, said C.S.Verma, chairman of the state-run steel behemoth.
Mail India Online reports that Gali Janardhan Reddy and six others were charged in a Bangalore court with alleged illegal mining of iron ore causing a loss of Rs 108 crore to the exchequer.
FirstPost.India reports that iron ore mining in Karnataka will take a minimum of two years to become fully operational after the Supreme Court verdict allowed resumption of mining at category-A & B mines in the state, an industry official has said.
Platts reported that NMDC Ltd., the state-owned Indian iron ore miner, said its sales and profits in October to December of last year was down more than 20% compared to the previous quarter, and 30% lower than the previous year.