According to sources, Odisha may start auction of mining concessions by Dec’15. India’s eastern based state, Odisha is likely to start auctions of mining concessions by Dec’15 as per amended Mines and Minerals Development and Regulation (MMDR) Act.In this context, a committee

Indian iron ore fines prices have corrected by about INR 1,400/mt (over USD 22) year till date; while fines prices have increased by INR 1,100/mt (USD 18) in 2014. Increasing iron ore supply in domestic market coupled with falling global iron ore

The seaborne iron ore market crashed to an all time low of USD 44/mt level for Fe 62% Fines, CIF China, in early July 2015 on falling Chinese steel prices and increased low cost supplies from large iron ore miners. The prices

Indian pellet exports gear up in June’15. Essar Steel’s Pellet exports were recorded at 314,400 MT via 6 shipments. Essar Steel, one of the largest pellet producers with a capacity of 14 MnT pa, is playing a major role in Indian pellet

After successful initiation of auctions for allocation of coal mines, the Centre is now set to auction coal linkages for the un-regulated sectors such as steel/sponge, cement and aluminium. The draft policy details for auction of coal linkages were issued by the

Iran, the 2nd largest DRI producer in the world and largest in the Middle East, has large scale DRI expansion plans owing to ample availability of natural gas at cheaper rates. The gas based DRI plants use 100% DR grade pellets, which is

Rising supply of low cost Iron ore from Brazil and Australia, which accounts for nearly 80 percent of seaborne exports, coupled with subdued demand from Chinese steel mills have brought down Iron ore prices to a 10-year low of USD 47/mt CIF

In the past five years, the Iron ore mining sector has been in the limelight. From illegal exploitation to several restrictions imposed by government has led to drastic fall in Iron ore production in the country. To contain illicit mining, the new