India's Mines Ministry on Tuesday permitted State-run steel producer, Steel Authority of India Limited (SAIL), to sell 25% of the iron-ore it produced in the previous year from its captive mines ...
iron ore captive
New Delhi [India], Sep 17 (ANI): The government has allowed Steel Authority of India Ltd (SAIL) to sell 25 per cent of its iron ore production from captive mines and dispose off another 70 million ...
Read more about Steel stocks gain as govt allows SAIL to sell iron ore from captive mines on Business Standard. The move by the ministry through two separate notifications on September 16 is seen as an effort to reduce concerns regarding the expiry of mines.
U.S. Steel Corporation produces iron ore from captive mines in its US operations . In its Europe operations, lower iron ore prices would help the company bring down its unit cash costs because it ...
Iron ore was the third-highest-value metal mined in the United States, after gold and copper. Iron ore was mined from nine active mines and three reclamation operations in Michigan, Minnesota, and Utah. Most of the iron ore was mined in northern Minnesota's Mesabi Range. Net exports (exports minus imports) were 3.9 million tons.
New Delhi: Facing iron ore crunch for the first time in its over 100 years of history, Tata Steel Ltd is now operating its 9.7 million tonnes per annum facility in Jamshedpur with raw material ...
New Delhi, September 17 (IANS): In a big reform initiative, government has allowed state-owned Steel Authority of India Ltd (SAIL) to sell 25 per cent of its iron ore production from captive mines ...
Thirty-one working mines of iron ore are expiring on March 2020. SAIL has the capacity to enhance iron ore production from its captive mines by around 8 mt in 2019-20 and 12 mt by 2021-22. "The government has given permission to sell 70 mt of sub-grade minerals in the captive mines of SAIL," the ministry of steel has tweeted.
Sep 17, 2019· In a big reform initiative, the government has allowed state-owned Steel Authority of India Ltd (SAIL) to sell 25 per cent of its iron ore production from captive mines and dispose off other low ...
The closure of captive mines for KIOCL came at a time when there was a huge demand for the company's high-grade iron ore pellets in the global market, especially in China which was building ...
Iron ore prices in the country are projected to rise by 15-20 per cent after iron ore mining leases of merchant mines expire by March 31, 2020. Since around 70 per cent of the steel makers ...
Fluctuating iron ore prices amid growing demand for steel in the domestic market has led to a dilemma among primary domestic steel producers on whether or not to have captive iron ore resources.
Sep 17, 2019· Govt allows SAIL to sell 25% iron ore output in open market The country's largest steel maker, under the Ministry of Steel, has over 20 captive mines spread across Jharkhand, Odisha, Chhattisgarh and West Bengal.
Sep 18, 2019· SAIL allowed to sell 25 pc iron ore production from captive mines in open market - New Delhi, Sep 17 : The government has allowed Steel Authority of India Ltd SAIL to sell 25 per cent of its iron ...
Sep 17, 2019· The government has allowed Steel Authority of India Ltd. (SAIL) to sell 25 percent of its total iron ore production in a year. The move is a plus for NMDC, JSW Steel and Jindal Steel & Power and a minus for Tata Steel.
Iron ore of Dalli-Rajhara located in the central parts of the range are captive mines of Bhilai Steel Plant (BSP). Recently an iron ore bearing area is discovered in Kabirdham district and known as Eklama iron ore complex. This area is expected to yield high-grade hematitic iron ore in substantial quantity and support iron & steel units.
On November 6, 2015, ArcelorMittal announced that an agreement had been reached with SIOC to amend the pricing mechanism terms of the current iron ore supply agreement related to Kumba from a cost-based price to an Export Parity Price ("EPP") with effect from October 1, 2015.
Sep 17, 2019· In a big reform initiative, government has allowed state-owned Steel Authority of India Ltd (SAIL) to sell 25 per cent of its iron ore production from captive mines and dispose off other low grade ...
REGULATION OF MINING OPERATIONS IN ODISHA A Primer in How to Kill the Goose that Lays Golden Eggs . Nilmadhab Mohanty * The Government of Odisha (GOO), through its Department of Steel and Mines, has in ... that have no captive iron ore or coal. As a result they perform much lower value
Sep 19, 2019· Iron ore has had a volatile year. ... "Government of India has given permission to sell 70 million tonnes of sub grade minerals in the captive mines of SAIL," the Ministry of Steel tweeted.
CAPTIVE IRON ORE MINES FOR RINL . 99. SHRI CH. MALLA REDDY: SHRI FEROZE VARUN GANDHI: Will the Minister of STEEL be pleased to state: (a) whether Rashtriya Ispat Nigam Limited (RINL) has been showing signs of bad financial condition during the last three years; (b) if so, the details thereof along withthe steps taken by the Government to curb
And, it does appear from the rates being quoted for iron ore miners in Karnataka, and even other mineral blocks elsewhere, that commercial miners may have a tough job at hand to win an auction. It may be pointed out here that operating costs are considered equal in both the cases of commercial miners and captive consumers.
Business Standard reported that auction of iron ore blocks in the country has shown steeper competition and higher price bidding for blocks reserved for captive use when compared with those meant ...
Dec 26, 2017· Tata Steel is waiting for a permit from Odisha's state pollution control board to expand capacity at its Khandabandh iron ore mines in eastern India from 1 …
New Delhi, Sep 17 (IANS) In a big reform initiative, government has allowed state-owned Steel Authority of India Ltd (SAIL) to sell 25 per cent of its iron ore production from captive mines and dispose off other low grade iron ore dust and fines accumulated over the years in the open market.
Sep 17, 2019· NEW DELHI: The government has allowed state-owned Steel Authority of India Ltd to sell 25% of its iron ore production from captive mines and dispose off another 70 million tonnes low grade iron ore dust and fines accumulated over the years in the …
Sep 17, 2019· Business India News: SAIL allowed to sell iron ore from captive mines - New Delhi, Sep 17 : In a big reform initiative, government has allowed state-owned Steel Authority of India Ltd SAIL to sell ...
Currently, about 70% of the iron ore production in India is by merchant miners. However, with auctioning of expiring mine leases and the government's ...
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