BR reported that PSM spokesman clarifies that all purchases from the first tranche of bailout package are according to the ECC & CCOR instructions and procurement of two ships of coal does not create any mismatched spending as the ...
Tags: bailout package, Purchases, iron ore
Zanaga Iron Ore Company Limited announces, further to the authority granted to the Company by shareholders at the AGM held on 26th July 2012 to buyback shares, that on 3rd December 2012, the Company purchased 56,011 shares of no par value ...
Tags: Zanaga Iron Ore Company Limited, AGM, shares
Mr Fortune Mojapelo CEO of Bushveld Minerals said that the company has very good grades of iron ore and it's just increased the resource by 100 million tonnes. Bushveld is already engaged in conversations with potential partners. On the ...
Tags: iron ore, tin production, local tin assets
Evraz UGOK, a subsidiary of Russian mining and steel producing company Evraz Group, announced that in November 2012 its iron ore concentrate production decreased by 0.4% YoY to 839,000 million tonne. Its output of agglomerate in the given ...
Instances of ore production in excess of the tentative annual production quantity indicated in the Mining Plan/Scheme of mining come to the notice of Indian Bureau of Mines during inspections. In terms of section 5(2)(b) of the Mines ...
Tags: ore production, tentative annual production quantity, development work
PTI reported that the government is likely to sell its 10% equity this week in iron ore miner NMDC, which could fetch the exchequer nearly INR 6,300 crore at the current market price. A senior government official said that "The stake sale ...
Tags: iron ore miner, market price, largest domestic iron ore miner
Business Line reported that the Goa Government plans to export decades-old accumulated iron ore dumps. Mr Manohar Parrikar CM of Goa said that the state plans to clean up huge dumps at various mine sites. He said that "We have huge ore ...
Tags: iron ore dumps, mine sites, ore fines
Business Standard reported that as many as 54 mining leases in Odisha are operating under deemed extension following the expiry of their leases. The expiry period of the leases ranges from 4 to 25 years. According to information given by ...
Tags: expiry period, leases ranges, constitutional machinery
INDIAN firm Essar recently sought clarification from government on whether it would transfer iron ore claims necessary for the finalisation of the takeover of troubled steelmaker, Zisco. The move by Essar came after Mines and Mining ...
Tags: iron ore price news, jobs in mining, zimbabwe, mining
The West Australian reported that the Hamersley Ranges are the centre of the Pilbara's iron ore wealth and the foundation of the success of both BHP Billiton and Rio Tinto. So for Fortescue Metals Group founder Mr Andrew Forrest launch of ...
Tags: iron ore price news, jobs in mining, mining, mining coal news
Reuters reported that strike while the iron is hot, the old saying goes, and a legion of iron ore miners setting up in Canada's remote Labrador Trough want to do just that. But, for now, they have to wait. Iron ore, the main component of ...
Tags: iron ore price news, steel scrap buyers, stainless steel, buy steel pipe
Reuters reported that Brazil's Vale, the world's second largest mining company, cut estimated 2013 capital spending by 24% after a global slowdown and a drop in iron ore prices led the company to rethink its outlook for expansion. Vale ...
Tags: iron ore price news, job mining, pipeline job, copper mining news
It is reported that the situation for mining and steel companies in Karnataka continues to be grim despite the Supreme Court order allowing some of the mines to resume operations. Delays in getting clearances from government bodies and in ...
The Pioneer reported that in 5 years, mining companies in Goa exported illegally extracted iron ore to the tune of 39.56 million tonnes, matching in scale and proportion to the illegal mining business in the big state of Karnataka. ...
Times of India reported that the brazen illegal mining with tacit approval of the Goa government touched a new high when the Supreme Court's environment panel said that a Pakistani had been for decades executing power of attorney from ...