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India China trade falls by a dramatic 10 percent
After posting impressive growth in the past few years, India-China bilateral trade declined by 10.1 per cent to USD 66.47 billion last year. #China #WhatNext #Iron ore #bilateral
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NMDC suffers revenue loss of Rs 746 cr from 2007-10: CAG
Iron ore miner NMDC has suffered Rs 745.94 crore revenue loss during 2007-10 for not revising the domestic prices of the steel-making raw material in line with prevailing market rates, government auditor CAG said. #CAG #Iron ore #NMDC #ExpertView #losses
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SC directs scrapping of Goa iron ore mining leases: lawyer
"The Supreme Court committee has directed scrapping 42 mining leases in the region of Goa," said lawyer Sandeep Singh. #NewsTracker #Supreme Court #Goa iron ore mining leases
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ArcelorMittal gets nod for Arctic ironore venture
Facing hurdles in France, Luxembourg-based ArcelorMittal today got green light from Canada for its multi-billion dollar project to develop one of the world's largest iron-ore mines in the Baffin Island in the Arctic. #NewsTracker #ArcelorMittal #Iron ore #Luxembourg #Arctic
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India's crackdown on illegal mining is a huge bonus for big miners
Steps taken by central and state authorities to clean up the mining and export of iron ore have shut down output in two key producing states, slashing shipments and forcing steel mills to import a raw material the country has in abundance. #HowThisWorks #India #Goa #Iron ore #Illegal mining #Rio Tinto #Odisha
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Cabinet likely to approve NMDC stake sale
The Union Cabinet is likely to give green signal on Thursday to 10 percent stake sale in the iron ore mining major NMDC that could fetch the government over Rs 7,000 crore. #WhyNow #Government #Iron ore #stake sale #NMDC
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RINL seeks Steel Min help to bring down iron ore price
Anticipating erosion of bottomline due to the twin effect of iron ore price hike and decline of steel prices, state-run Rashtriya Ispat Nigam has urged steel ministry to impress upon NMDC to bring down prices of key steel input. #CorporateStrategy #Iron ore #RINL
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Goa govt non-commital on loss recovery from illegal mine owners
Following Justice M B Shah Commission report on illegal iron ore mining in Goa, the state government is apparently non-committal on recovering a whopping Rs 35,000 crore from the mine owners who illegally plundered the resources #NewsTracker #Goa #MINING #Manohar Parrikar #iron ore mining
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Environment ministry suspends all mining leases in Goa
The Ministry of Environment has cancelled mining licences of 93 firms operating in Goa today. #BreakingNow #Manohar Parrikar #Goa mining #iron ore mining #licences
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JSW Steel hit over iron ore prices as Goa shuts down mining
JSW Steel fell 2.4 percent on concerns a temporary suspension of mining activities in Goa which will impact domestic supply of iron ore. #JSW #StockWatch #Iron ore #Goa mining