New Delhi The Steel Authority of India (SAIL)-led consortium which won the bid for Afghanistan’s Hajigak iron ore mines has sought a government guarantee to fund the $11-billion project, which incl

Afghan mines ministry awards rights to three ore blocks to SAIL-led consortium that includes NMDC and JSW Steel among others

The government is formulating an iron ore utilisation policy on the lines of a similar policy currently operating in the domestic gas sector.

State-run mining giant NMDC Ltd has dropped a proposal to acquire the Erchim Tkhan — popularly known as Vinci Coal — project in Russia.

A government body assessing the environmental impact of mining in Karnataka has in its report recommended restricting of iron ore mining in the state to 30 million tonne per year, a newspaper said

The mines ministry will push for a new system of calculating royalties instead of the current practice of basing it on an average price determined by the Indian Bureau of Mines, ministry officials

State-run National Mineral Development Corporation (NMDC) has decided against renewing iron ore export contracts with Japan and South Korea until the situation arising out of the Supreme Court’s ba

Anew draft Bill holds much promise to augment the development delivery mechanism.

The Supreme Court-appointed monitoring committee, which is supervising the electronic auction of iron ore in Karnataka, has decided to put up 4 million tonnes (mt) of ore for bids in October. Of this, 2 mt would be auctioned tomorrow. A stockpile of 25 mt has been lying at various mines in the state. Tomorrow’s auction will the third one. A total of 1.24 mt was sold through the two auctions in September .

State-owned NMDC, which had recently struck a deal to acquire 50 per cent in Australia’s Legacy Iron Ore for about Rs 90 crore, is in the process of acquiring five more mines abroad.

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