India: Odisha Iron Ore Dispatches Up 34% in Nov’19
Odisha- India's largest iron ore producing state recorded total iron ore dispatches at 8.37 MnT in Nov'19, up 34% on monthly basis as against 6.23 MnT in Oct'19. The figures exclude movement for export and dispatches of miners- SAIL & Tata Steel.
Rungta Mines, India's largest private merchant miner, recorded iron ore dispatches at 2.34 MnT in Nov'19, up 25% as against 1.88 MnT a month ago.
Serajuddin mine recorded iron ore dispatches at 1.14 MnT in Nov'19, up 66% as against 0.68 MnT in Oct'19. Serajuddin mine produces around 10 MnT iron ore annually and has an EC limit of 15.15 MnT p.a.
OMC, state-owned miner recorded 75% increase in dispatches to 0.94 MnT as against 0.54 MnT in Oct'19.
RP Sao, Kaypee Enterprises, KJS Ahluwalia depicted sharp rise in monthly dispatches at 0.63 MnT, 0.57 MnT and 0.52 MnT respectively.
On 20th Nov, Odisha's major merchant iron ore miners namely Serajuddin, KJS Ahluwalia & Kaypee increased iron ore lump offers. Miners increased prices for 5-18 mm (Fe 63%) by INR 300/MT to INR 4,000/MT (ex-mines, including Royalty, DMF, & NMET) as against last offers at INR 3,700/MT (ex-mines, GST extra).
source: SteelMint
Top News
El Salvador sitting on $3 trillion worth of unmined gold, president says
Gold price could extend record run into 2025, Heraeus says
Trump tariff risk roils gold and silver as New York prices jump
Rio Tinto’s $2.5 billion lithium plan is a win for Milei
Copper price jumps on China policy, but we’ve been here before
Zimbabwe wants 26% free-carry stake in new mining projects
Glencore ties up with Cyclic Materials in copper recycling push
Lithium supply surplus set to stay with battery makers’ help
China tightens rules to curb methane emissions from coal mines
Rio Tinto, BHP, and BlueScope to build ‘green iron’ plant
Arcadium Lithium investors sue miner over Rio Tinto takeover
Skeena advances Eskay Creek permitting, unlocks Orion funding
US foreign investment panel split on Nippon-US Steel deal
Norge Mining acquires Europe’s largest natural graphite producer
Australia’s CEFC invests $75m in homegrown critical minerals
Forensic technology aids Brazil’s crackdown on illicit Amazon gold trade
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
BHP seeks Brazil growth to emerge from shadow of mining disaster
Norilsk Nickel plans to sell all it produces in 2025
Gold price could extend record run into 2025, Heraeus says
Rio Tinto, BHP, and BlueScope to build ‘green iron’ plant
Arcadium Lithium investors sue miner over Rio Tinto takeover
Skeena advances Eskay Creek permitting, unlocks Orion funding
US foreign investment panel split on Nippon-US Steel deal
Norge Mining acquires Europe’s largest natural graphite producer
Forensic technology aids Brazil’s crackdown on illicit Amazon gold trade
Mobarakeh steel is producing green steel through scrap recycling
Norilsk Nickel plans to sell all it produces in 2025
