Mining Industries Correspondent
Krishna's Feed
Jun 12, 2014

India’s holy men to advise on Modi’s Ganges river cleanup

NEW DELHI, June 12 (Reuters) – India’s new government will
seek the advice of holy men on how best to carry out an
ambitious plan by Prime Minister Narendra Modi to clean up the
Ganges, a river that is sacred to the majority Hindu population.

Hindus bathe in the Ganges in an act of ritual purification,
yet the 2,500 km (1,600 mile) river stretching from the
Himalayas to the Bay of Bengal is full of industrial effluent
and untreated sewage, its banks strewn with garbage.

Jun 4, 2014

JSW Steel imports iron ore as local supply falls

NEW DELHI (Reuters) – Importing iron ore, buying low-quality ore and operating mills below capacity are the new normal for JSW Steel Ltd, the third-largest steelmaker in India where illegal mining of minerals has been choked by court orders.

JSW, run by billionaire Sajjan Jindal, is importing 500,000 tonnes of iron ore of Australian and South African origin by end-June or July to make up for a domestic shortfall, its joint managing director Seshagiri Rao told Reuters on Wednesday.

Jun 4, 2014

India’s JSW Steel imports iron ore as local supply falls

NEW DELHI, June 4 (Reuters) – Importing iron ore, buying
low-quality ore and operating mills below capacity are the new
normal for JSW Steel Ltd, the third-largest steelmaker
in India where illegal mining of minerals has been choked by
court orders.

JSW, run by billionaire Sajjan Jindal, is importing 500,000
tonnes of iron ore of Australian and South African origin by
end-June or July to make up for a domestic shortfall, its joint
managing director Seshagiri Rao told Reuters on Wednesday.

Jun 4, 2014

NMDC ups iron ore prices after Odisha mine closures

NEW DELHI (Reuters) – India’s biggest iron ore producer NMDC Ltd has raised ore prices by up to 9 percent in June, two officials said on Wednesday, the first increase in five months as supply has been cut by a temporary ban on some mines in Odisha state.

The price hike will add to the problems of steelmakers such as JSW Steel Ltd, which has been forced to try out low-quality ore from Goa state to cope with lower supply of higher grades from Odisha.

Jun 4, 2014

India’s NMDC ups iron ore prices after Odisha mine closures

NEW DELHI, June 4 (Reuters) – India’s biggest iron ore
producer NMDC Ltd has raised ore prices by up to 9
percent in June, two officials said on Wednesday, the first
increase in five months as supply has been cut by a temporary
ban on some mines in Odisha state.

The price hike will add to the problems of steelmakers such
as JSW Steel Ltd, which has been forced to try out
low-quality ore from Goa state to cope with lower supply of
higher grades from Odisha.

May 23, 2014

Odisha to renew some iron ore mining licences in about two months

NEW DELHI/BHUBANESWAR (Reuters) – India’s top iron ore producing state Odisha will renew in about two months licences of 10 of the 26 mines that were shut by the Supreme Court last week, a government official said, allaying fears of steelmakers the shutdown would lead to heavy imports.

The top court had ordered the closure of nearly half of the 56 mines in Odisha due to non-renewal of years-old leases. The closed mines accounted for about half of the state’s output of more than 70 million tonnes last fiscal year.

May 23, 2014

India’s Odisha to renew some iron ore mining licences in about 2 months

NEW DELHI/BHUBANESWAR, May 23 (Reuters) – India’s top iron
ore producing state Odisha will renew in about two months
licences of 10 of the 26 mines that were shut by the Supreme
Court last week, a government official said, allaying fears of
steelmakers the shutdown would lead to heavy imports.

The top court had ordered the closure of nearly half of the
56 mines in Odisha due to non-renewal of years-old leases. The
closed mines accounted for about half of the state’s output of
more than 70 million tonnes last fiscal year.

May 22, 2014

Coal India shares hit near three-year high as Modi explores breakup

NEW DELHI/MUMBAI (Reuters) – Coal India Ltd shares jumped to a near three-year high on Thursday after Reuters reported that prime minister-designate Narendra Modi was exploring an overhaul of the state behemoth, a step that an investor said would unlock more value in the firm.

One of Modi’s key election planks was to step-up supply of power, more than half of which is generated by coal. But red tape, protests against land acquisition and delays in obtaining environmental approvals have kept output far below demand.

May 21, 2014

Modi exploring breakup of Coal India, opening up sector-sources

NEW DELHI, May 21 (Reuters) – Newly elected Indian premier
Narendra Modi is exploring breaking up state behemoth Coal India
Ltd and opening up the sector to foreign investment to
boost output and cut imports, said two sources with knowledge of
the matter.

Red tape, strikes, protests against land acquisition and
delays in obtaining environmental approvals have kept coal
output far below demand, making India the world’s No.3 importer
even though it sits on the fifth-largest reserves.

May 19, 2014

JSW Steel tries out low-quality iron ore from Goa

NEW DELHI (Reuters) – JSW Steel Ltd(JSTL.NS: Quote, Profile, Research) has bought 11,484 tonnes of low-quality iron ore from Goa, government data showed, a sign that steelmakers are exploring other options after the temporary closure of some mines in Odisha.

Goa has traditionally exported most of its iron ore to China as local steel mills preferred using higher-quality ores. Mining bans in some states, however, have forced them to use grades with less iron, which might now help them cope with the mine closures in top iron-ore producer Odisha.

    • 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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