Merchant miners have not gone for any significant hike in prices of lumpy ore or fines of late as we need to liquidate the piled up ore. An uptick
-Source: NMDC ups iron ore fines price by 200 rupees/tn for Jan
Another government official said there would be no impact on mining revenue (towards mining royalty) because of the closure of some mines. The state had 54 functional iron ore and manganese mines. While 41 of them had cleared the fines imposed on them, six of them had no pending dues. More mining
KOLKATA: National Mineral Development Corporation (NMDC) Limited, the country's largest mining company, has raised prices of iron ore with effect from January 2, 2017. Lump ore will now be priced at Rs 3,100 per tonne while fines will be charged at Rs 2760 per tonne, NMDC said in a notification to the
The compensation was calculated by the central empowered committee (CEC), a Supreme Court-appointed panel that probed into large-scale mining irregularities in Odisha. The miners were bound to pay the compensation for overproduction of iron ore and manganese ore latest by December 31 to save
In an affidavit to the Supreme Court, the mines ministry had said that environment and forest violations while mining must be punished by recovering a rationalised value of the ore. It is unclear, however, whether all its ministries and public sector undertakings are in agreement and ready to pay for their past
Global Iron Ore Consumption Market has promises to grow as the
The compensation was calculated by the central empowered committee (CEC), a Supreme Court-appointed panel that probed into large-scale mining irregularities in Odisha. The miners were bound to pay the compensation for overproduction of iron ore and manganese ore latest by December 31 to save
According to Metal Bulletin, the spot price for benchmark 62% iron ore fines stood at $US76.80 a tonne last Friday. In comparison, the price for lower grade 58% fines is currently significantly lower at $US42.32 a tonne. "The vast majority of the iron ore industry is unsurprisingly in-the-money at current spot
List prices of the main mining companies in January are higher by 8-30pc from the previous month. Prices of 63pc Roongta iron ore fines are
India's FIMI seeks slew of tax incentives to revive domestic mineral
In comparison, the price for lower grade 58% fines is currently significantly lower at $US42.32 a tonne. "The vast majority of the iron ore industry is unsurprisingly in-the-money at current spot prices," Macquarie says. "Widening Fe-discounts have shifted low-grade producers up the curve, compared to early
Price spreads for semi-finished steel over iron ore have dropped
On January 2 this year, the country's largest iron ore miner NMDC raised prices of higher grade iron lumps and fines by Rs 500 each to Rs 3,100 and Rs
KOLKATA: India's steel producers and suppliers of iron ore have very different views on the pricing benchmarks to be used for the primary input material
Yesterday, we had made another price cut of Rs 300 for fines and Rs
This pricing situation along with stockpiles of iron ore products in excess of 150 million tonnes held in China make the iron ore fines business challenging,"
Iron ore had a stellar 2019, reaching a five-year high of $125 per ton in July on the back of Vale SA's Brumadinho mining dam disaster and Cyclone Veronica,
Brazil's iron ore exports fell by around 19pc in the first four weeks of January
The southern system fines are blended with the 65pc basis Vale