India’s GDP Declines: Iron Ore Mining to Blame?
Mineweb reported India has experienced a steep decline in its GDP because of sudden and severe hurdles in the iron mining industry.
Articles Tagged "india"
2011 Iron Ore Market Trends
Iron ore prices hit record highs in early 2011, only to fall in the second half of the year on reduced demand steel demand for China. Nonetheless, iron ore producers seized the opportunity to invest in the expansion of their current iron ore projects across the globe.
Orissa Stops Issuing Iron Ore Export Permits
Reuters reported India's Orissa states has stopped issuing iron ore export permits from two of its ports.
Steel Demand Boosts Iron Prices, Caution Remains
The price of iron ore has made a 26 percent gain over since hitting a low in late October. However many are cautious that the gains will be short lived because of the soft demand for steel.
Sesa Goa Sees India FY12 Iron Ore Exports Down by a Third
Reuters reported iron ore exports from India could fall a third to 65-70 million tonnes in the year to March 2012.
Indian Consortium Seeks Government Funding for Afghan Iron Reserves
Mining Weekly reported a consortium of Indian companies is looking for $600-million in government funding.
Iron Ore Price Slump to Deepen Despite Indian Supply Cut
Reuters reported with demand from top buyer China still weak, global iron ore prices are not expected to recover in the next few weeks.
India’s KIOCL Eyes Iron-Ore Reserves in Mauritania
Mining Weekly reported KIOCL Limited has undertaken negotiations to pick up equity stakes and gain access to iron-ore mines in Mauritania.
India’s Steel Ministry Plans to Increase Iron Ore Export Duty to 30%
Mineweb reported India's steel ministry is said to be considering a proposal to increase iron ore export duties.
JSW Steel Cuts Output on Iron Ore Shortage in South India
Bloomberg reported JSW Steel Ltd. (BOM:500228) cut production after the nation’s top court limited iron ore sales in South India to online auctions.
