Essar Group today said it has commissioned the country's largest iron ore handling complex at Vizag port which was built at a cost of Rs 830 crore.
State-owned NMDC today said it produced 6.87 million tonne (MT) iron ore in the month of June.
NMDC said the prices of its lump ore and fines will continue to be at Rs 3,050 a tonne and Rs 2,660 a tonne, respectively, for about a month.
Manohar Parrikar today called the current crisis in the state's mining sector a "complicated issue" and added that a remedy for it would have to be "carefully" thought of.
Vedanta Resources is considering options including lay-offs for some of the 2,000 employees of iron ore biz in southwest India that was shut down by a court, sources said.
China’s yuan-denominated exports yuan rose 3.2 in May percent from a year earlier, customs data showed.
NMDC said today that it produced 4.53 million tonne (MT) iron ore in the first two months of the ongoing fiscal, 2018-19.
NMDC Limited and NLC India Limited (formerly Neyveli Lignite Corporation) may invest over USD 26 million for setting up an R&D facility for developing innovative technologies in iron and steel making.
Country's largest iron ore miner NMDC today said it has raised the price of lump ore by Rs 150 to Rs 3,050 per tonne.
It said VPT will pay penalty @0.25 per cent of Penal Interest as on date of approval of waiver of Penal Interest.