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CBI charge sheets company of cheating bank by Rs 102.45 cr

Last Updated: Monday, June 29, 2015, 21:00

CBI has charged a Gurgaon-based businessman with cheating Indian Overseas Bank of Rs 102.45 crore by submitting forged bills of iron ore exports.

Tomar asks NMDC to raise output to meet 75 MT target by 2020

Last Updated: Tuesday, June 23, 2015, 15:48

Tomar who had visited NMDC headquarters in Hyderabad to review its performance asked the PSU to focus on increasing iron ore production.

Working with states to enable mines auction by year-end: Tomar

Last Updated: Monday, June 1, 2015, 21:13

The Centre is working with states to start by year end the auction process for about 200 mines containing minerals such as iron ore, bauxite and limestone, Steel and Mines Minister Narendra Singh Tomar said.

Vedanta says will work to lift cap on India iron ore output

Last Updated: Wednesday, May 27, 2015, 15:05

A mining ban that had been in place in Goa since September 2012 was lifted last year, but the resumption of operations was delayed while the government gave environmental clearance.

Citigroup cuts long-term iron ore forecast to $55 as demand shrinks

Last Updated: Wednesday, May 27, 2015, 10:35

Global demand for the steelmaking commodity is likely to decline by more than 60 million tonnes between 2018 and 2025, said Citigroup, 

Odisha governemnt responsible for Posco uncertainty: Pradhan

Last Updated: Tuesday, May 26, 2015, 18:11

The iron ore mines for the project was sent just three days before the new MMDR Act came into being, by then it was clear that mines would be allocated through auction route following modifications in the law.

India denies scrapping of Afghan iron-ore mining project

Last Updated: Sunday, May 24, 2015, 23:10

India has dismissed reports that an Indian consortium has scrapped a multi-billion dollar iron-ore mining deal in Afghanistan, saying only an analysis of the proposed project's opportunities and strengths had been done.

Parl Panel asks govt to allot captive iron ore blocks to RINL

Last Updated: Wednesday, May 6, 2015, 21:14

A Parliamentary panel "strongly" reiterated its recommendation to the government to allot iron ore blocks to state-run steel major RINL to help it achieve the planned capacity addition of 20 million tonne (MT).

LIC acquires NMDC shares worth over Rs 1,116 cr

Last Updated: Wednesday, May 6, 2015, 13:56

State-owned iron ore miner NMDC on Wednesday said Life Insurance Corporation of India (LIC) has acquired almost 8 crore of its shares shares worth over Rs 1,116 crore in a market purchase.

Odisha lets 3 more mines to reopen

Last Updated: Saturday, May 2, 2015, 19:58

The Odisha government on Saturday decided to allow three more iron ore and manganese mines to resume operations after signing off fresh lease deeds.

RINL, APMDC inks deal on magnetite iron ore extraction

Last Updated: Saturday, May 2, 2015, 16:01

State-owned Rashtriya Ispat Nigam Ltd (RINL) and Andhra Pradesh Mineral Development Corporation (APMDC) have entered into a pact to explore and extract Magnetite iron ore in West Godavari district.

India to cut export tax on low-grade iron ore to 10% from 30%

Last Updated: Thursday, April 30, 2015, 18:09

India will cut the export tax on low-grade iron ore to 10 percent from 30 percent, Finance Minister Arun Jaitley said on Thursday, a move that will boost shipments of the steelmaking raw material from Goa.