The government may soon levy a 10 per cent royalty on iron ore on ad valorem basis as the mines ministry has sent a proposal in this regard to the union cabinet for its approval. For full story, click here
By Kishori Krishnan Exclusive To Iron Investing News The alarm bells have started ringing. On the sidelines of a mining conference, Rio Tinto said iron ore prices are certain to fall in 2009, the first decline in seven years, but not by the 50 per cent suggested by some steel makers. On the spot market, [...]
The Centre has returned Jharkhand govt’s recommendations for allotting prospecting licence of Karampada iron ore mines to ArcelorMittal. For full story, click here
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