Govt of Karnataka, decided to cancel the lease renewal order of NMDC's Donimalai mines in Karnataka in an order dated 17 Aug '19 and further put for an auction sale of the expired mine lease block.
News ID: 6176 Publish Date : 2019/08/26
PELLEX down by INR 150 to INR 6,100/wmt (DAP Raipur) against the last index at INR 6,250/wmt published on 16th Aug due to recent transactions. Deal for around 25,000 MT pellets was reported at INR 6,000-6,100/MT (DAP Raipur).
News ID: 6153 Publish Date : 2019/08/25
Government of Karnataka is to conduct e-auction of Donimalai iron ore mine earlier held by NMDC. The government has invited bids for grant of mining lease, for which the technical and financial bids are to be submitted online. The sale of tender document will commence on 26th Aug’19.
News ID: 6152 Publish Date : 2019/08/25
NMDC Ltd- India's biggest iron ore producer, has today announced a roll over in its iron ore prices for August deliveries, as per market sources report to SteelMint.
News ID: 6029 Publish Date : 2019/08/18
NMDC (Chhattisgarh) supplied total of 222 rakes (0.85 MnT) of iron ore in the month of Jul’19, down 28% against 310 rakes (1.19 MnT) a month before in Jun’19, according to railway movement data maintained with SteelMint.
News ID: 5725 Publish Date : 2019/08/05
India's state-controlled NMDC has secured a favourable court order to restart operations at its 6mn t/yr Donimalai iron ore mine in the southern state of Karnataka, which has been shut down because of a royalty dispute with the state government.
News ID: 5294 Publish Date : 2019/07/18
JSW Steel-- India's largest steel maker total iron ore sourcing recorded at 2.05 MnT in June'19. The sourcing witnessed 18% rise M-o-M as against 1.73 MnT in May'19. On yearly basis, sourcing fell marginally in June'19 as against 2.09 MnT in June'18.
News ID: 5244 Publish Date : 2019/07/17
NMDC iron ore production for the quarter witnessed at 8.46 MnT, up by 23% Y-o-Y, SteelMint learned from sources. However production is down by 20% as against 10.6 MnT in Q4 FY19.
News ID: 5124 Publish Date : 2019/07/11
NMDC- India's largest iron ore producer registered 25% increase in sales for the month of May'19 at 3.37 MnT as against 2.7 MnT a month ago. The miner had rolled over prices for May'19 deliveries.
News ID: 4877 Publish Date : 2019/06/23
South India (Karnataka) based - NMDC Donimalai Pellet Plant has kept base price unchanged for pellets this month at INR 7,030/MT. Current offers are on FoT basis for Fe 64% pellets for a quantity of 23,000 MT on advance payment basis. The price validity is till 30th Jun'19.
News ID: 4871 Publish Date : 2019/06/23
NMDC supplied total of 400 ( 1.54 MnT) rakes of iron ore for the month of May’19, up 7% against 374 (1.44 MnT) rakes a month before in Apr’19, according to railway movement data maintained with SteelMint.
News ID: 4755 Publish Date : 2019/06/04
JSW Steel’s iron ore purchases from Karnataka e-auctions increased by more than twice to 2.18 MnT in Apr'19 compared to 1.02 MnT in Mar'19.
News ID: 4527 Publish Date : 2019/05/14
NMDC- India's largest iron ore mine production in Apr'19 recorded at 2.9 MnT down 28% as against 4.04 MnT in Mar'19. However on yearly basis production moved up up 20% as against 2.41 MnT in Apr'18. .
News ID: 4508 Publish Date : 2019/05/14
India's largest iron ore miner -NMDC export movement has increased sharply by almost five-fold in the month of Apr’19. According to rake movement data maintained with SteelMint, exports stood at 80 (0.31 MnT) rakes in Apr’19 as compared to 16 rakes (0.06 MnT) a month before.
News ID: 4460 Publish Date : 2019/05/09
SteelMint in conversation with market participants learned that Raipur (Central India) based pellet manufacturers have today reduced offers to INR 6,300/MT (ex-Raipur, GST extra) for Fe 63% grade. Last offer floated was at INR 6,400/MT (ex-Raipur, GST extra).
News ID: 4455 Publish Date : 2019/05/07
NMDC Ltd, India's biggest iron ore producer, has today announced a roll over in it's iron ore prices for May deliveries.
News ID: 4430 Publish Date : 2019/05/06
Essar Steel - an integrated steelmaker with steel making capacity of 10 MnT p.a. recorded an increase in total iron ore & pellet sourcing for FY’19. The sourcing stood at 12.77 MnT in FY’19, up as against 12.32 MnT in FY’18.
News ID: 4426 Publish Date : 2019/05/06
JSW Steel - India's largest steel maker recorded total iron ore sourcing at 27.41 MnT in FY’19. The sourcing witnessed 15% fall Y-o-Y as against 32.41 MnT in FY18.
News ID: 4382 Publish Date : 2019/04/29
India's largest iron ore miner - National Mineral Development Corporation (NMDC) has announced reduction in floor prices in upcoming Karnataka e-auctions scheduled in Apr’19. Iron ore base prices at NMDC Kumaraswamy have decreased by around INR 150/MT in both fines and lumps.
News ID: 4288 Publish Date : 2019/04/09
Indian iron ore export volumes dropped significantly by 57% to 6.81 MnT as against 15.65 MnT in FY’18. Iron ore exports in the financial year FY’19 have hit three year low as this level was last seen in FY’16 at 6.04 MnT.
News ID: 4266 Publish Date : 2019/04/09
