India: Chrome Ore Production fell by 11% in Apr’19
Odisha contributes almost entirely towards chrome ore production in India. Chrome Ore Production in Apr’19 was noted to be 420,340MT. It is lower than the previous month’s production viz., Mar’19 by 11%.
Production level by Captive miners remained stable as compared to the previous month in Apr’19. Balasore Alloys contributed the highest amount in the production of Chrome Ore, amongst the Captive mines in India. However, the production was higher as compared to the previous month in Apr’19 by 29%. Meanwhile Infrastructure Development Company Limited (IDCOL) decreased their production by significant levels. However, Ferro Alloys Corporation Limited(FACOR) increased their production levels by 12% in Apr’19 M-o-M.
Production levels by Merchant miners were lowered down from 476,365MT in Mar’19 to 420,340MT in Apr’19 which accounted for 12% downtrend. Misrilall Mines and TATA Steel in together contributed to approximately 67% of the total Chrome Ore Production by India in Apr’19. Misrilall Mines increased its production levels significantly to 158,635MT. Production for TATA Steel stood at 152,191MT which was inched up by 2%.
Misrilall Mines and TATA Steel, however, remained the largest miners in Apr’19. Odisha Mining Corporation (OMC) remained the third largest merchant Miner with 57,576MT production in FY19. Meanwhile, production cuts in IMFA and OMC were observed by 12% and 78% respectively. However, B.C. Mohanty & Sons decreased their production levels by 10%.
source: SteelMint
Top News
Six last month
Two last year
China, Indonesia seal $10 billion in deals focused on green energy and tech
Copper price, stocks are being hammered as Trump tariff, China worries mount
Codelco copper production rises in September, Escondida dips
Suitors circle American Eagle Gold as South32 takes 19.9% stake
Top gold ETF sees largest weekly outflow since 2022 on Trump win
US judge narrows investor lawsuit against Rio Tinto over Mongolian mine
Japan, Peru to agree on cooperation in mineral mining technology
MinRes halts Bald Hill mine amid lithium price rout
Ahead of Rio Tinto buyout, Arcadium’s profit dips on sliding lithium prices
Families gather at South African mine shaft where hundreds are feared stuck underground
Soaring demand for copper will help drive mergers, BHP CEO says
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Lithium in nascent rebound, but long-term outlook is bleak
Higher silver supply to reduce global deficit by 4% in 2024
Swapping aluminum for copper will maintain China’s resources, group says
MinRes halts Bald Hill mine amid lithium price rout
Suitors circle American Eagle Gold as South32 takes 19.9% stake
Zimbabwe to end tax relief for miners to spur mineral processing
Australian iron ore giants’ shares sink on disappointing China stimulus
Families gather at South African mine shaft where hundreds are feared stuck underground
Soaring demand for copper will help drive mergers, BHP CEO says
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Higher silver supply to reduce global deficit by 4% in 2024
Swapping aluminum for copper will maintain China’s resources, group says
MinRes halts Bald Hill mine amid lithium price rout
Suitors circle American Eagle Gold as South32 takes 19.9% stake
Zimbabwe to end tax relief for miners to spur mineral processing
Australian iron ore giants’ shares sink on disappointing China stimulus