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Steel Producers

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
Ferrous Metals

Asian steel giants flexing muscle in Canada’s Labrador Trough

The booming commodity prices of the last decade have sparked considerable interest in the Labrador Trough – Canada’s main iron-ore district which extends through northern Quebec and Labrador – and while dozens of the junior developers that...
28th February 2014

Regulator proposal, e-auction put Indian miners, steel firms on collision course

India’s iron-ore e-auction trial runs in Karnataka and Goa and a proposal for an iron-ore regulator have placed miners and steel producers on a collision course. Mining companies say existing mining and mineral legislation does not permit the...
25th February 2014

India’s plan for e-auction of iron-ore flounders

India’s plan to introduce a nationwide iron-ore e-auction was floundering amidst opposition from provinces and steel producers and allegations of price manipulation at the trial run. The Mines Ministry has proposed implementing an e-auction for...
13th February 2014

Indian steel producers seek duty on overseas pellet shipments

Indian steel producers have sought an export duty of 30% on overseas shipments of iron-ore pellets, on par with the duties on exports of iron-ore fines and lumps. In a communication to various government departments, steel producers maintained...
10th January 2014

Indian court rejects plea for increase in iron-ore mining cap

India’s Supreme Court on Monday rejected the Steel Ministry’s plea to increase the limits to iron-ore mining from mines currently operational in the southern Indian province of Karnataka. The Steel Ministry had moved the apex court to seek...
7th January 2014

India’s SAIL, ONGC to collaborate in CBM development

India’s oil exploration and production (E&P) major ONGC and Steel Authority of India Limited (SAIL) were planning a collaboration to explore coalbed methane (CBM) gas in captive coal blocks allocated to the steel producer. According to an ONGC...
6th January 2014

India taps closed iron-ore mines for a restart

In an incremental move toward getting Indian iron-ore mining back on track, a number of mines previously closed due to illegal mining would be put up for auction for captive consumption, the Steel Ministry said. The government of the southern...
13th December 2013

Indian iron-ore imports to keep rising - Steel Ministry

India’s iron-ore import dependency would see a quantum jump if the country’s steel production target of 300-million tonnes a year was achieved by 2025, an assessment report prepared by the Steel Ministry said. With several brownfield steel...
11th December 2013
Ferrous Metals

Keep an eye on India and China, says Standard Bank

Global iron-ore producers should be cognisant of several key issues prevalent in the industry, such as establishing what China’s long-term demand for new iron-ore supplies will be, what India will do with its current iron-ore reserves and the...
6th December 2013

India’s ICVL bolsters overseas plans by teaming up with transportation firm

India’s International Coal Ventures Limited (ICVL) has teamed up with Rail India Technical Economic Services (RITES) to back its overseas coal asset acquisition plans by offering mining logistics and evacuation services to host countries....
29th October 2013
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