March 23, 2014
Janet Yellen’s remarks that US interest rates could rise soon turned sentiment negative in the yellow metal
Mumbai, Mar 11
Shares of metal companies plunged as much as 5.5 per cent today as weaker-than-estimated Chinese trade data stoked concern over the outlook for the world’s second-largest economy. Tata Stee...
New Delhi, March 10
Ruias-promoted Essar Steel today said it prepaid Rs 205 crore of loans taken from Axis Bank.
The company had issued secured redeemable non-convertible debentures of Rs 10 lakh each aggreg...
Kolkata, Feb 11
The fifth edition of the four-day International Mining Expo (IME) and the three-day 5th Asian Mining Congress will begin here from February 13. The exhibition will be inaugurated by...
New Delhi, February 4
Allege cartelisation by a section of private miners
Mumbai, January 29
Though China’s manufacturing slowdown will help steel companies tap export markets more vigorously, demand for other industrial metals, such as copper, nickel, zinc and aluminium, depends on China’s demand. »
New Delhi, Jan 14
Setting a rule of sorts, Environment Minister M. Veerappa Moily has made it clear that green nod will not be given to a project that is opposed by the local panchayats.
He made this clear...
Hyderabad, Jan. 5
NMDC’s production of iron ore during the third quarter ended December 31 increased 37 per cent to 73 lakh tonnes compared to 53.32 lakh tonnes in the year-ago period. Iron ore despatches grew 40 p...
Panaji, Jan 1
Goa Chief Minister Manohar Parrikar today said the mining industry would resume operations in this calendar year but the Governments — both State and Centre — should work out modalities to reduce...
Bhubaneswar, Dec 27
With reference to the MoU signed with Union Ministry of Mines, Navratna PSU National Aluminium Company Ltd (NALCO) has been awarded ‘Excellent’ MoU score of 1.5 by the Department of Public Enterpr...
March 23, 2014
New capacities that come up in the next five years can meet only a quarter of the demand
Mumbai, March 10
The jewellery trade in Mumbai was hit with members of the Indian Bullion and Jewellers Association downing shutters to protest against the restrictive trade policy of the Government.
Chennai, Feb 28
With the visit of the members of a Supreme Court-appointed committee to the forest-covered holy hills of Tiruvannamalai recently, the Jindals’ quest for iron ore in Tamil Nadu, which began a decad...
Hyderabad, February 9
Slowdown woes compounded by rising input costs, power bills
Kolkata/Mumbai, February 3
Seek regulation for fixing base price of iron ore in e-auction »
Mumbai, Jan. 15
Several uncertainties that upset the global metals market covering precious, industrial and base metals last year have more or less settled down and given way to a sense of cautious optimism at th...
New Delhi, Jan 7
UK-based metal trading firm Stemcor Holdings has extended the deadline for selling its Indian assets by about a month as the debt-laden company has secured time till February-end from its lenders...
Visakhapatnam, Jan. 1
P. Madhusudan, Director (Finance), Rashtriya Ispat Nigam Ltd (RINL) – Vizag Steel Plant, assumed charge on Wednesday as the company’s CMD. A.P Choudhury retired from the post on Tuesday, said...
Kolkata, Dec. 31
Rashtriya Ispat Nigam Ltd (RINL) is set to get an iron ore mining lease in Rajasthan. This is the second low-grade iron ore captive source for RINL. RINL Director, Finance, P. Madhusudan...
Bangalore, Dec. 24
State-run KIOCL Ltd (formerly Kudremukh Iron Ore Co Ltd), a leading pellet manufacturer in the country, has said it’s opposed to any move to impose export duty on iron ore pellets. The c...