Mining Industries Correspondent
Krishna's Feed
Jul 29, 2013

India tribal community set to block Vedanta bauxite project

BHUBANESWAR, India/NEW DELHI (Reuters) – Vedanta Resources Plc’s plans to mine bauxite to feed its alumina refinery in the eastern Indian state of Odisha have suffered a blow after a majority of local residents voted against mining around the hills they consider sacred.

Failure to source bauxite from within the state might force the London-listed company to reconsider its 1-million-tonne-per-year plant, which has already been shut several times due to a shortage of the raw material.

Jul 24, 2013

Steelmaker JSW joins race to buy Stemcor’s iron assets

NEW DELHI/LONDON (Reuters) – JSW Steel (JSTL.NS: Quote, Profile, Research), India’s third-largest steelmaker, has expressed interest in buying British steel trader Stemcor’s Indian iron ore assets, joining at least three other interested parties, two sources at the companies said.

Among the other firms interested, is steelmaker Jindal Steel and Power (JNSP.NS: Quote, Profile, Research), a firm run by Member of Parliament Naveen Jindal, brother of JSW Steel’s boss Sajjan Jindal.

Jul 24, 2013

Indian steelmaker JSW joins race to buy Stemcor’s iron assets

NEW DELHI/LONDON, July 24 (Reuters) – JSW Steel,
India’s third-largest steelmaker, has expressed interest in
buying British steel trader Stemcor’s Indian iron ore assets,
joining at least three other interested parties, two sources at
the companies said.

Among the other firms interested, is steelmaker Jindal Steel
and Power, a firm run by Indian member of parliament
Naveen Jindal, brother of JSW Steel’s boss Sajjan Jindal.

Jul 23, 2013

Jindal Steel sees iron ore needs trebling

NEW DELHI (Reuters) – Jindal Steel and Power Ltd (JNSP.NS: Quote, Profile, Research) will consume 25-30 million tonnes of iron ore a year by 2015, three times current volumes, and source most of the raw material from abroad, the company’s chief executive told Reuters.

The increased demand for iron ore is in line with Jindal Steel’s plans to expand its production capacity to 11.5 million tonnes in two years from 3.5 million tonnes at present.

Jul 23, 2013

India’s Jindal Steel sees iron ore needs trebling

NEW DELHI, July 23 (Reuters) – India’s Jindal Steel and
Power Ltd will consume 25-30 million tonnes of iron
ore a year by 2015, three times current volumes, and source most
of the raw material from abroad, the company’s chief executive
told Reuters.

The increased demand for iron ore is in line with Jindal
Steel’s plans to expand its production capacity to 11.5 million
tonnes in two years from 3.5 million tonnes at present.

Jul 17, 2013

ArcelorMittal abandons dormant Indian project

NEW DELHI, July 17 (Reuters) – ArcelorMittal, the
world’s top steelmaker, said it would scrap a planned steel
plant in India due to delays in acquiring land and an iron ore
mine, obstacles that have also caused South Korea’s POSCO
to abandon plans.

The decision to scrap the planned 12 million-tonnes-a-year
(MTA) plant in the eastern state of Odisha, comes a day after
the world’s fifth biggest steelmaker, POSCO, said it was
ditching a 6 MTA plant in the southern Karnataka state because
of delays in receiving iron ore mining rights and opposition
from residents which had held back land acquisition.

Jul 15, 2013

Court rules Sterlite copper smelter can stay open

NEW DELHI (Reuters) – India’s top copper smelter can stay open, but should take extra steps to prevent pollution, an environmental court said on Monday, ensuring that over half of the country’s output of the metal stays on stream.

The Sterlite Industries (STRL.NS: Quote, Profile, Research) plant, which produces 30,000 tonnes of copper per month, was shut for more than two months from March 30 after complaints from residents over emissions, forcing India to increase imports of copper.

Jul 15, 2013

Indian court rules Sterlite copper smelter can stay open

NEW DELHI, July 15 (Reuters) – India’s top copper smelter
can stay open, but should take extra steps to prevent pollution,
an environmental court said on Monday, ensuring that over half
of the country’s output of the metal stays on stream.

The Sterlite Industries plant, which produces
30,000 tonnes of copper per month, was shut for more than two
months from March 30 after complaints from residents over
emissions, forcing India to increase imports of copper.

Jul 15, 2013

Iron ore imports sink 78 percent in April-June

NEW DELHI (Reuters) – India’s iron ore imports plunged 78 percent in the April to June quarter from a year earlier, according to provisional data from government sources, as domestic supply rose and exports fell.

The shipment data, coupled with a 9.1 percent drop in iron ore imports by top buyer China in June, is expected to drag on global prices of the steel-making raw material that have already shed more than 12 percent so far this year.

Jul 15, 2013

India iron ore imports sink 78 pct in April-June on high local supply

NEW DELHI, July 15 (Reuters) – India’s iron ore imports
plunged 78 percent in the April to June quarter from a year
earlier, according to provisional data from government sources,
as domestic supply rose and exports fell.

The shipment data, coupled with a 9.1 percent drop in iron
ore imports by top buyer China in June, is expected to drag on
global prices of the steel-making raw material .IO62-CNI=SI
that have already shed more than 12 percent so far this year.

    • About Krishna

      "I have been covering India's metals and mining industries from New Delhi since April Fool’s Day, 2013. Before that I led two teams of reporters covering small-and-medium-sized U.S./Canada-listed energy and resources companies. I have closely followed the solar and shipping industries and love to write on cricket whenever I can."
      Joined Reuters:
      August, 2009
      Languages:
      Assamese
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