Economic Times reported that just days after the state auditor faulted it for not having a specific strategy to acquire mines abroad, India's largest iron ore producer NMDC, which is sitting on a big cash hoard, it is not in any rush to buy ...
Tags: mining, India, NMDC, iron ore, foreign mineral assets
Steel Authority of India Limited’s Bokaro Steel Plant has registered a steady growth path both in production and projects in the year 2012. Commissioning of the rebuilt zero emission Coke Oven Battery 2 in March 2012 was one of ...
Tags: Bokaro Steel Plant, Steel Authority, steel, India
In an interview with ET Now,Mr CS Verma CMD of NMDC,shares his business outlook and talks about the iron ore price cut. Q-There is a surprise move because the street was probably expecting a rise in prices.Why this 6%cut? A-We take a ...
For SAIL chairman Mr CS Verma, there is no slowdown as the giant state run steel firm plots its expansion program, keeping in view the huge potential of steel demand in the country. In an interview, Mr Verma said he has not seen any steel ...
A report tabled by the Comptroller and Auditor General suggests, iron ore miner National Mineral Development Corporation has suffered revenue loss of INR 745.94 crore during 2007-10 for not revising the domestic prices of the steel making ...
Tags: Iron ore pricing, Iron ore, iron ore miner, steel output
Business Line reported that NMDC Ltd is banking on Perth based Legacy Iron Ore to acquire more coal mines in different parts of the world. The public sector miner bought 50%stake in Legacy Iron Ore that is exploring and developing mineral ...
Tags: NMDC Ltd, Iron Ore, exploring and developing mineral project
Business Line cited the Steel Ministry saying that NMDC would review its pricing mechanism. This is the fallout of the CAG report tabled on December 20th Thursday, the public sector iron ore miner has incurred losses of more than INR 1,500 ...
Tags: NMDC, pricing mechanism, CAG, iron ore miner
PTI reported that the Indian steel ministry said that it has initiated the process to constitute a committee for the selection of the chairman for iron ore miner NMDC. Indian steel minister Mr Beni Prasad Verma said in the Lok Sabha ...
Tags: steel, Construction, iron ore miner
PTI reported that at least a couple of Indian steel makers have raised the price of flat products by up to INR 1,500 per tonne since December 1st to align the domestic price with landed import costs, now hovering between INR 35,000 tonne to ...
Tags: steel, hot rolled coil, flat product, metal
Mr Beni Prasad Verma the union minister of Steel met with Mr Martin Ferguson the minister for Resources, Energy and Tourism, Government of Australia, when the latter called upon the Steel Minister to discuss issues related to greater ...
Tags: tourism australia, steel supplies, mining gold, calls to india
Of late, there are allegations that the nation's largest iron ore producer, government owned NMDC, is exporting it to Japan at a much lower price than what the domestic steel industry pays. Also, with Mr CS Verma being the chairman of ...
Tags: ore producer, NMDC, sponge iron
The Economic Times reported that NMDC's E auction for iron ore lumps again found few takers on November 20th with less than 1 to 10 of what it put up for sale. In half a dozen E auctions held recently, NMDC has found that almost 93% of ...
Tags: NMDC', Nmdc E Auction, Iron Ore, India
Business Line reported that NMDC Ltd may turn its over INR 15,500 crore steelmaking project in Chhattisgarh into a joint venture with Rashtriya Ispat Nigam Ltd. Sources in the steel ministry said that on finance ministry’s ...
Tags: Nmdc Rinl, steelmaking project, steel, India