Sesa Sterlite's iron ore, oil output dips in FY'15

Last Updated: Friday, April 10, 2015, 17:45

Minerals major Sesa Sterlite Friday reported a decline in production of oil and gas, zinc and iron ore for the financial year 2014-15.

72 Iron ore mines in Goa can resume operations

Last Updated: Saturday, March 21, 2015, 19:30

The Union Ministry of Environment and Forest (MoEF) has issued an order revoking suspension of environmental clearances (ECs) to 72 iron ore mines in Goa, giving some boost to the coastal state's economy.

Parliament passes Mines Bill, overcoming obstacles

Last Updated: Friday, March 20, 2015, 16:25

The Mines and Minerals (Development and Regulation) Amendment Bill, 2015, was passed by the Rajya Sabha earlier today and later approved by the Lok Sabha within 20 minutes.

Rajya Sabha passes Mines Bill, overcoming procedural wrangles

Last Updated: Friday, March 20, 2015, 13:40

The Bill was passed by 117 members voting in favour and 69 against it, after Mines Minister Narendra Singh Tomar moved it for passage.

No dearth of iron ore in country: Govt

Last Updated: Monday, March 16, 2015, 16:48

With 152 million tonne production against consumption of 111 MT in 2013-14, there is no dearth of iron ore in the country, the government Monday informed Parliament.

Bill to introduce auctioning in mines passed by Lok Sabha

Last Updated: Tuesday, March 3, 2015, 20:07

A bill seeking to introduce the system of auction of mines to enhance transparency and augment mineral production was passed in Lok Sabha Tuesday, with the government terming it a "revolutionary" step.

Iron ore imports jump multi-fold to 5.63 MT in Apr-Nov, FY15

Last Updated: Monday, March 2, 2015, 16:03

Iron ore imports have increased sharply to 5.63 million tonnes in 2014-15 till November as against 0.37 million tonnes in previous financial year, the government said today.

ArcelorMittal sees iron ore hit, lower steel growth in 2015

Last Updated: Friday, February 13, 2015, 12:52

ArcelorMittal, the world`s largest producer of steel, forecast on Friday its profit would fall in 2015, rather than improve as expected, as iron ore prices sapped mining earnings and steel market growth cooled from last year.

Fimi wants scrapping of export duty on iron ore fines

Last Updated: Monday, February 9, 2015, 18:54

Miners' body Federation of Indian Mineral Industries (FIMI) has sought bringing down export duty on low-grade iron ore and pellets to nil and raising import duty on pellets to 30 per cent in the Budget.

Fresh blow to Posco as the firm needs to bid for ore mine

Last Updated: Thursday, February 5, 2015, 21:49

In a fresh blow to Posco, the South Korean steel major will be required to participate in auction to get iron ore mine to feed its USD 12 billion facility in Odisha instead of direct allotment as assured earlier.

Govt may cut duty for iron ore exports from Goa

Last Updated: Thursday, February 5, 2015, 16:01

Keen on bailing out the struggling Goan iron ore sector, the Centre may soon announce a special package for miners in the state by pruning duty on exports of the steel-making raw material from 30 per cent.

Around 12 million tonnes of iron ore stuck at Indian ports

Last Updated: Wednesday, February 4, 2015, 11:31

Around 12 million tonnes of low-grade iron ore has been stuck at Indian ports for months, stranded as hefty export taxes and plunging prices make higher quality ore more appealing to buyers, said industry and government officials.