Iron Ore

Unraveling Odisha Iron Ore Mining

Unraveling Odisha Iron Ore Mining

In an exclusive report From the eye of the storm, Steel-360 uncovers the Odisha Iron ore mining controversy. A team of Steel-360 traveled down...
Iran Iron Ore exporters anxious over falling prices

Iran Iron Ore exporters anxious over falling prices

Iran is one of the major iron ore producers in the world and is estimated to have produced 32.59 mnt iron ore concentrate in...

SC order: Odisha miners face challenge to restart ops

The Supreme Court order in a case related to rampant, illegal mining in Odisha has come as a shocker for iron and manganese ore...

Government on Capping Iron Ore Prices

After a series of sops offered to the domestic Steel- makers last fiscal, government is now keen on ensuring that any fluctuations in the...

Mines Auctions Prove Challenging

On 20th of April, Odisha government issued a letter of intent to develop the Ghorhaburhani-Sagasahi iron ore block - the only iron ore block...

Maximizing high Alumina Iron Ore fines consumption in Sinter Plant

The main objective of this project is to maximize the available Low Grade high alumina Iron Ore fines at economical price in Pig iron...

India’s Top 5 Iron Ore Producers in FY17

Significant improvement in iron ore production from states of Odisha, Chhattisgarh and Goa resulted in  sharp increase in India’s iron ore production in FY17. Country’s iron ore production is anticipated to have touched 190 mnt in FY17 against 155.9 mnt in FY16. Thus last fiscal witnessed a growth of 22%          Y-o-Y in nations’ iron ore output. FY17-34.03 mnt FY16-28.58 mnt Y-o-Y- +19% Iron ore production by India’s single largest iron ore producer National Mineral Development Corporation (NMDC) was recorded at 34.03 mnt in FY17 against 28.58  mnt in FY16. On yearly premises, production figure has moved up by 19%. Output from its Chhattisgarh mines increased considerably from 16.6 mnt in FY16 to 22.03 mnt in FY17. Iron ore production from  Karnataka mines remained mostly stable on yearly premises and stood at 12 mnt in FY17.   FY17-26.57 mnt* FY16-24.83 mnt Y-o-Y-+7% Aiming at security of raw material supplies from captive mines, SAIL targeted highest ever iron ore output last fiscal. SAIL has its captive mines in Odisha, Jharkhand and Chhattisgarh. The capacity of existing mines at Barsuan, Kalta, Kiriburu, Meghahatuburu, Bolani & Gua are being ramped up to meet the  requirement of iron ore for post ongoing phase of expansion. Captive iron ore production from SAIL’s Odisha mines increased marginally from  6.45 mnt in FY16 to 6.96 mnt in FY17.   FY17- 19 mnt* FY16- 16.43 mnt Y-o-Y- +16% Tata Steel produced 16.43 mnt iron ore from its captive mines located in Jharkhand and Odisha in FY16. Steel maker’s iron ore output increased from its Odisha mines in FY17. Its’ production from Odisha mines increased by 28% Y-o-Y from 9.29 mnt in FY16 to 11.85 mnt in FY17. Thus as per Steel 360 analysis, the steelmaker must have witnessed growth of 16% Y-o-Y in its iron ore output in FY17. FY17- 23.4 mnt FY16- 18.1 mnt Y-o-Y- +30% Odisha’s largest merchant iron ore producer - Rungta Mines recorded an increase of 30% Y-o-Y in its yearly iron ore production from Odisha. It produced 22.8 mnt iron ore from its Odisha mines in FY17 compared to 17.58 mnt in FY16. State govt’s push to raise production to match up with the laid limits resulted in increased outputs. Also, sharp hike in exports boosted miner’s output in last fiscal. Miner ’s exports moved up from nil in FY16 to 2.51 mnt in FY17.   FY17-10.89 mnt FY16-10.15 mnt Y-o-Y- +7% Serajuddin and Co. - Odisha’s 2nd largest merchant iron ore miner produced 10.89 mnt iron ore from its Balda block iron ore mines in FY17 compared to 10.15 mnt in FY16.

Will Iron Ore Prices fall Below USD 50/t in 2018 ?

Iron ore prices swirled down and hit almost a six-month low on Apr, 18th 2017 at USD 62/mnt as speculators evaluated the signs in the...
Is Iron Bubble About To Burst?

Is Iron Bubble About To Burst?

World's largest exporter of finished goods, China is on top in gross value of industrial output and iron ore consumption. There are various factors...

Indian Mining Industry – Achievements & Challenges

The Ministry of Mines, Government of India in the current fiscal has come up with many new reforms for the betterment of the mining...

PR and Awards

RINL conducts its 37th AGM in Vizag

The 37th Annual General Meeting (AGM) of Rashtriya Ispat Nigam Limited, the Navratna PSU, was held on 13th September, 2019 at its Registered Office...
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