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Steel Producers

India’s Coal Ministry to overhaul coal block auction policy

India’s Coal Ministry is working to overhaul the coal block auction policy to overcome a lack of interest from prospective bidders. According to an official involved in the rejig, one of the proposals tabled was securing all mandatory approvals...
29th July 2014

Indian steel producers seek rollback of import duty on coking coal

Indian steel producers were imploring the government to roll back the 2.5% duty imposed on imported coking coal. Leading domestic steel companies would make a concerted effort to approach the federal Finance Ministry seeking a scrapping of the...
22nd July 2014

Indian chamber opposes hike in mineral royalty rate

Indian industry representative body, the Associated Chamber of Commerce and Industry (Assocham), has opposed government’s move to hike royalty rates to 15% from 10% at present. Assocham has claimed that an increase in royalty rates would be...
21st July 2014

Indian province seek relaxation in iron-ore production cap set by courts

India’s provincial government of Karnataka has sought an increase to the court-imposed cap on iron-ore mining from 30-million to 40-million tonnes a year. According to an official in the provincial government, the number of miners seeking to...
15th July 2014

Indian iron-ore price spikes trend, steel producers in quandary

Indian domestic iron-ore prices were moving in the opposite direction to global trends with steel producers facing a double whammy of shortages and high raw material costs. NMDC Limited, the country’s largest iron-ore miner, has announced that...
4th July 2014

Indian Steel Ministry claims discrimination

The Indian Steel Ministry has raised the issues of competitiveness of domestic steel producers or rather the erosion of it, with the Prime Minister, claiming discrimination against the industry. In a presentation to Prime Minister Narendra Modi,...
30th June 2014

India’s SAIL to invite MDOs to develop captive iron-ore mines

The Steel Authority of India Limited (SAIL) would start inviting mine developers and operators (MDOs) to start project development at two of its prized iron-ore reserves by mid-July. The decision to outsource mining at the two reserves had been...
24th June 2014

India's miners sharply divided over iron-ore export tax

The Indian mining industry is sharply divided on government policy on an export tax for iron-ore. A section of the industry has called on the government to reduce the 30% export tax on iron-ore, justifying it on the grounds that there is...
18th June 2014

Indian iron pellet manufacturers want to liquidate waste dumps

ndian iron-ore pellet manufacturers have sought government incentives to maximise the usage of low-grade iron-ore dumps to help mitigate the shortage of raw materials currently being experienced by steel producers. “The government should...
16th June 2014

Indian steel producers request a halt in iron ore exports by NMDC

The Indian government might direct iron-ore miner NMDC Limited to suspend exports to mitigate the shortage of raw material being faced by domestic steel producers. The move to get NMDC to halt exports comes in the wake of 26 mines in the eastern...
27th May 2014

Posco’s India project again hit by delays in allocation of iron-ore reserves

South Korean steel producer Posco’s $10-billion Indian project, which has already been delayed by over a decade, was likely to suffer fresh setbacks following a tussle between the federal and provincial governments over the allocation of captive...
9th April 2014

NGO-led initiative to develop critical artisanal skills for eMalahleni mining, engineering sectors

The Job Shop Project, based at Facon Engineering in the eMalahleni industrial zone, in Klarinet, aims to prioritise the upskilling in scarce and critical skills to influence the mining and manufacturing sectors
Nonprofit organisation Vukani-Ubuntu Community Development Projects is moving into the second phase of its skills development initiative, The Job Shop Project, which aims to develop scarce and critical artisanal skills for the mining and...
21st March 2014
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