Indian Iron Ore Production may Surge by 25% in FY16

Production in FY15 was estimated at 125 MnT. Of this, Odisha was the major contributor with 48 MnT, followed by Chhattisgarh with 31 MnT. Other states like Jharkhand and Karnataka had produced about 17 MnT and 21 MnT respectively in the same


Odisha to auction 16 mining blocks by October

Bhubaneswar: The Odisha government is likely to be the first state to put mining blocks on auction after the enforcement of the new MMDR act. The government of India has indicated that Odisha is preparing to auction about 16 mining blocks by


Odisha may Conduct First Mines Auction by Dec’15 – Sources

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


Will Indian Iron Ore Prices Fall Further?

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


When will Global Iron Ore Prices Revive?

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


How will MMDR Bill 2015 Impact Indian Mining Industry?

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

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