The Australian sharemarket closed higher yesterday as US President Barack Obama cut short his Christmas holiday to return to Washington for talks aimed at avoiding the so-called fiscal cliff. Locally,investors remained optimistic that ...
Tags: Stock, sharemarket, tax, bank
Business Standard reported that Indian iron ore production is expected to fall by 40% to 100 million tonnes in 2012-13 as compared with 167 million tonnes 2011-12, which had also seen sharp decline from 208 million tonnes produced in ...
Tags: iron ore production, iron ore, iron ore export, iron, ore
Business Line quoted a report of the Comptroller and Auditor General of India as saying that illegal mining during the period 2006 to 2011 in 3 districts of Karnataka has resulted in a loss of INR 3,414.45 crore in revenue, of which the ...
Tags: iron ore mining, iron ore, mining, iron ore value
PTI quoted National Mineral Development Corporation Limited said that despite its willingness to explore iron ore for free of cost in various states, many governments are yet to respond to the call. Mr NK Nanda director (Technical) of ...
Tags: ore exploration proposal, ore, Mineral Development, iron ore resources
Almost every house in the vicinity of an iron ore mine in Goa's Sanguem, Sattari and Bicholim talukas is likely to have a 10 tonne tipper truck parked in its backyard. Some have 2, 3 or even 4 trucks parked. In all, there were about 25,000 ...
Tags: iron ore mine, Goa, Sanguem, India
Business Standard reported that the vigilance department in Odisha has initiated cases against mine owners in connection with illegal mining. Mr Rajani Kant Singh minister for steel & mines said that the miners against whom cases have ...
Tags: vigilance department, Odisha, mine, illegal mining
Ridgemont Iron Ore Corporation said that the final set of assay results have been received from the 2012 drill program on its Lac Virot iron project in the Labrador Iron Trough. The Lac Virot Iron project is comprised of approximately 114 ...
Tags: Ridgemont Iron Ore, drill program, Lac Virot iron project
The state assembly said that as many as 5 companies have been granted prospecting licenses for iron ore in Chhattisgarh during 2011-12 and 2012-13 fiscal years. In a written reply to Congress member Mr Mohammed Akbar, CM Mr Raman Singh ...
Tags: iron ore, prospecting licenses, iron, ore, iron ore mining rights
Business Line reported that the Karnataka Iron and Steel Manufacturers'Association has asked the state government to speed up the grant of various mining leases to resume iron ore mining. Addressing reporters after the KISMA members ...
Tags: KISMA, Mining Clearances, state government
As the Steel Authority of India concluded its 50th Safety Week on December 15th,iron ore mining workers were urged to follow safety measures to achieve zero mishap. Mr Anup Srivastav deputy director of Mines Safety,Dhanbad at Meghahatu ...
Tags: zero mishap, Iron Ore Mines, safety measures
Brazilian iron ore mining company MMX SA announced that on December 3rd,the Board of directors of MMX approved a capital increase of approximately BRL 1.4 billion,upon private subscription of new common,registered,book entry shares of no ...
Tags: MMX SA, iron ore mining, capital increase
Business Standard reported that the Odisha government recently found itself in a tight spot over the role of its PSU Odisha Mining Corporation in excess production with the opposition pointing out that the state owned miner had extracted ...
Tags: excess production, OMC, coal Mining
Ahead of the first tranche of 9.59% disinvestment of government ownership of 99.59% of Hindustan Copper Limited, India’s only vertically integrated producer of the red metal, the company’s share traded in small lots at up to INR ...
Tags: India, red metal, copper, metal industry, copper price
O' Herald reported that far away from Goa where there is massive popular support for the halt of rampant illegal mining by the Supreme Court in the aftermath of the Shah Commission Report and in an apparent bid to sway the opinion of New ...
Tags: iron ore price news, goa india, mining, iron
ccdirector & group CFO of JSPL said that a number of companies are coming out with initial public offers but, JSPL at the moment does not have any plans to list Jindal Power in the near term. He added that they have provided all the ...
Tags: JSPL, Jindal Power, mining operation, mining