Chief Correspondent, Commodities, India
Krishna's Feed
May 13, 2013

Interview: Goa sees iron ore mining resuming by December

NEW DELHI (Reuters) – Goa expects court approval to resume by year-end the production and export of iron ore from mines with a capacity of about 40 million tonnes as it has taken steps to rectify problems that led to a mining ban eight months ago, a state bureaucrat said.

Allowing Goa, India’s No.1 iron ore exporting state, to resume overseas shipments, will boost available supplies to top market China and further pressure spot prices already reeling from the mainland’s slower steel demand growth.

May 13, 2013

Top India iron ore exporting state sees mining resuming by December

NEW DELHI, May 13 (Reuters) – India’s Goa state expects
court approval to resume by year-end the production and export
of iron ore from mines with a capacity of about 40 million
tonnes as it has taken steps to rectify problems that led to a
mining ban eight months ago, a state bureaucrat said.

Allowing Goa, the country’s No.1 iron ore exporting state,
to resume overseas shipments, will boost available supplies to
top market China and further pressure spot prices already
reeling from the mainland’s slower steel demand growth.

May 10, 2013

Sterlite copper smelter’s emissions within limits – test report

NEW DELHI (Reuters) – Sulphur dioxide emissions from India’s top copper smelter were within limits during an inspection by a court panel, according to a report seen by Reuters, which could help lead to a ruling in favour of reopening the plant.

The Sterlite Industries’ (STRL.NS: Quote, Profile, Research) plant, which produces 30,000 tonnes of refined copper a month – or more than half of India’s total production, was shut on March 30 after complaints about emissions. The shutdown is squeezing local supplies of refined copper and boosting prices in India.

May 10, 2013

Top Indian copper smelter’s emissions within limits -test report

NEW DELHI, May 10 (Reuters) – Sulphur dioxide emissions from
India’s top copper smelter were within limits during an
inspection by a court panel, according to a report seen by
Reuters, which could help lead to a ruling in favour of
reopening the plant.

The Sterlite Industries’ plant, which produces
30,000 tonnes of refined copper a month – or more than half of
India’s total production, was shut on March 30 after complaints
about emissions. The shutdown is squeezing local supplies of
refined copper and boosting prices in India.

May 10, 2013

POSCO moves closer to iron ore access for $12 billion India steel plant

NEW DELHI (Reuters) – POSCO’s (005490.KS: Quote, Profile, Research) planned $12 billion (8 billion pounds) steel project in India moved a step forward on Friday after a court handed a decision on a mining licence to the federal government, raising the South Korean firm’s chances of getting preferential access to iron ore.

The world’s fourth-largest steel producer has waited eight years to get necessary clearances, land and an iron ore mining licence to start work on the project, billed as India’s largest foreign direct investment.

May 10, 2013

POSCO’s $12 billion India steel project boosted by court order

NEW DELHI (Reuters) – POSCO’s (005490.KS: Quote, Profile, Research, Stock Buzz) planned $12 billion project in India got a boost on Friday after a top court said the federal government will decide on giving the South Korean steelmaker’s long-delayed plant preferential access to iron ore.

POSCO, the world’s fourth-largest steel producer, has waited eight years to get necessary clearances, land and an iron ore mining license to start work on the project, billed as India’s largest foreign direct investment. The plant in eastern Odisha state is slated to have a capacity of 12 million metric tons (13.2 million tons) a year.

May 10, 2013

POSCO’s $12 billion Odisha project boosted by SC order

NEW DELHI (Reuters) – POSCO’s(005490.KS: Quote, Profile, Research) planned $12 billion project in India got a boost on Friday after the Supreme Court said the government will decide on giving the South Korean steelmaker’s long-delayed plant preferential access to iron ore.

POSCO, the world’s fourth-largest steel producer, has waited eight years to get necessary clearances, land and an iron ore mining licence to start work on the project, billed as India’s largest foreign direct investment. The plant in eastern Odisha is slated to have a capacity of 12 million tonnes a year.

May 8, 2013

Sterlite copper smelter stays shut until at least May 14

NEW DELHI (Reuters) – India’s biggest copper smelter will stay shut until at least May 14 when a court will review an environmental case again, prolonging a six-week shutdown which is squeezing local supplies and boosting copper concentrate processing fees in Asia.

The Sterlite Industries’ (STRL.NS: Quote, Profile, Research) plant, which meets half of India’s copper demand, was closed on March 30 after residents complained of emissions that led to breathing problems.

May 8, 2013

India’s top copper smelter stays shut until at least May 14

NEW DELHI, May 8 (Reuters) – India’s biggest copper smelter
will stay shut until at least May 14 when a court will review an
environmental case again, prolonging a six-week shutdown which
is squeezing local supplies and boosting copper concentrate
processing fees in Asia.

The Sterlite Industries’ plant, which meets half
of India’s copper demand, was closed on March 30 after residents
complained of emissions that led to breathing problems.

Apr 29, 2013

Sterlite smelter to stay shut until at least May 8

CHENNAI/NEW DELHI (Reuters) – A month-long shutdown at India’s largest copper smelter was extended for at least another week after a state tribunal unexpectedly said it would not rule on complaints about emissions.

The case was transferred to an environmental fast track court in Delhi from a regional branch in Tamil Nadu, where the smelter is located. Two court officials in Delhi told Reuters a hearing will take place on May 8.

    • About Krishna

      "I lead the India commodities team for Reuters in New Delhi. I cover the coal, metals and mining industries with a focus on government policy. Before coming to the capital in April 2013, I headed two teams of reporters covering small-and-medium-sized U.S./Canada-listed energy and resources companies."
      Joined Reuters:
      August, 2009
      Languages:
      Assamese
    • More from Krishna

    • Contact Krishna

    • Follow Krishna