India federal govt to decide on giving iron-ore license to POSCO – court

India's federal government will decide if South Korean steelmaker POSCO can have preferential access to an iron ore mine for its planned $12 billion steel plant, a top court said, providing a boost to the troubled project billed as the country's...

India’s JSW Steel project stalled from lack of iron-ore

The absence of iron-ore linkage has forced India’s JSW Steel to mothball its $6.43-billion, 10-million-ton-a-year steel project in the east province of West Bengal. According to a company official, the project had been stalled since there was...

India’s SAIL seeks coal blocks on preferential allotment basis

The Steel Authority of India Limited (SAIL) has approached the Indian government for the allotment of at least three coal blocks on a preferential basis under the government dispensation route, rather than through competitive bids. SAIL, the...

Afferro, Posco sign MoU for Cameroon project development

TSX- and Aim-listed Afferro Mining has signed a memorandum of understanding (MoU) with Korean steel producer Posco Africa to negotiate a definitive agreement in relation to Afferro's Nkout, Ntem and Akonolinga iron-ore projects, in Cameroon. The...

Strategic partner financing the key to projects’ fortunes

Lack of access to capital is often the culprit for worthy projects going undeveloped. But this is not likely to be the fate of two Canadian projects being advanced by Fortune Minerals, which is pursuing a project financing strategy for both its...

N Cape iron-ore drilling campaign at advanced stage - Mittal

Steel producer ArcelorMittal South Africa is moving ahead with iron-ore exploration on three Northern Cape farms in the coming few months and expects to be in a position to provide a reserve estimate in the coming months. The company, which is...

Mittal cuts capacity as power surges, takes buy-back knock

JSE-listed steel producer ArcelorMittal South Africa (Mittal) has again warned that further sharp increases in South Africa’s electricity prices could be “catastrophic” for both its operations, as well as the downstream industries that it...

Tough conditions delay Indian consortium’s Afghan project

The signing of a mining contract agreement by a consortium of Indian companies hoping to develop the Hajigak iron-ore reserve, some 180 km from Kabul, was being delayed by the conditions proposed by the Afghan government. The Afghan government...

Indian companies hunt for iron-ore in Brazil

Stung by the crisis in iron-ore mining at home, the Indian Steel Ministry has initiated bilateral talks with Brazil in an effort to seek ore resources in the Amapá province for Indian companies. Iron-ore miner, NMDC, steel producer Rashtriya...

Palabora sale to China-led consortium seen as part of SA’s steel ambitions

Mining majors Rio Tinto and Anglo American announced on Tuesday that they would sell a 74.5% shareholding in the Palabora Mining Company to a consortium of South African and Chinese entities in a deal valuing the JSE-listed copper and magnetite...

NSL secures offtake partner for Indian project

Perth-based NSL Consolidated has executed an iron-ore offtake agreement for product produced at its Kurnool dry separation plant, in India. A domestic steel producer has agreed to purchase up to 5 000 t/m of iron-ore with a view to using the...

Trade union threaten action against divestment of India’s Neyveli Lignite

All 14 trade unions active at India’s Neyveli Lignite Corporation’s (NLC's) operations have issued notices to go on an indefinite strike to protest the government’s decision to divest 5% of the company’s equity to private investors. The...