Mining Industries Correspondent
Krishna's Feed
Jul 9, 2014

JSW Steel raises iron ore imports to six mln tonnes in a year

NEW DELHI (Reuters) – JSW Steel, led by billionaire Sajjan Jindal and India’s third-largest maker of the alloy, will import 6 million tonnes of iron ore this fiscal year compared with no shipments a year earlier due to production cutbacks at home.

JSW’s return to the sea-borne iron ore market after a gap of more than a year could further support prices that seem to be recovering after sliding to 21-month lows in mid-June.

Jul 9, 2014

India’s JSW raises iron ore imports to 6 mln T in a year

NEW DELHI, July 9 (Reuters) – JSW Steel, led by
billionaire Sajjan Jindal and India’s third-largest maker of the
alloy, will import 6 million tonnes of iron ore this fiscal year
compared with no shipments a year earlier due to production
cutbacks at home.

JSW’s return to the sea-borne iron ore market after a gap of
more than a year could further support prices that seem to be
recovering after sliding to 21-month lows in mid-June.

Jul 8, 2014

Power plants running out of coal, imports to surge

NEW DELHI (Reuters) – Nearly half of India’s coal-fired power plants have only enough stocks to last a week or less, a shortage that could become critical and drive up thermal coal imports by 14 percent as weak monsoon rains are expected to cut output from hydropower.

State behemoth Coal India (COAL.NS: Quote, Profile, Research), the world’s largest coal miner, has failed to raise its output fast enough to meet demand, and millions of Indians still go without power.

Jul 8, 2014

Indian power plants running out of coal, imports to surge

NEW DELHI, July 8 (Reuters) – Nearly half of India’s
coal-fired power plants have only enough stocks to last a week
or less, a shortage that could become critical and drive up
thermal coal imports by 14 percent as weak monsoon rains are
expected to cut output from hydropower.

State behemoth Coal India, the world’s largest
coal miner, has failed to raise its output fast enough to meet
demand, and millions of Indians still go without power.

Jul 7, 2014

Nearly half of India’s coal power plants have one week of stocks

NEW DELHI (Reuters) – Nearly half of India’s coal-fired power stations only have enough stocks to last a week, the power minister said, as the country struggles to connect millions to the grid and wrestles with a growing coal import bill.

Coal imports equate to about one percent of India’s economy as state behemoth Coal India, the world’s largest coal miner, has failed to raise output fast enough to meet demand.

Jul 3, 2014

India’s Sesa sees 6-fold jump in iron ore output, Goa mining set to resume

NEW DELHI, July 3 (Reuters) – India’s Sesa Sterlite Ltd
expects its iron ore output to surge six fold this
fiscal year as it resumes production in Goa in September after a
19-month mining ban in the state, an executive of the country’s
top private iron ore miner said.

A pick up in production as mines in India’s biggest iron
ore-exporting state restart could hurt global prices of the
steelmaking raw material .IO62-CNI=SI that have already lost
almost 30 percent this year in an amply supplied world market.

Jul 3, 2014

Sesa expects to resume iron ore production in Goa in Sept

NEW DELHI (Reuters) – Sesa Sterlite Ltd (SESA.NS: Quote, Profile, Research), India’s largest private iron ore miner, expects to resume production in Goa in September following a court-imposed ban of nearly two years.

A pick up in supplies from the country’s top iron ore exporting state could drag on prices of the steelmaking raw material in an amply supplied world market.

Jul 3, 2014

India’s Sesa expects to resume iron ore production in Goa in Sept

NEW DELHI, July 3 (Reuters) – Sesa Sterlite Ltd,
India’s largest private iron ore miner, expects to resume
production in the state of Goa in September following a
court-imposed ban of nearly two years.

A pick up in supplies from the country’s top iron ore
exporting state could drag on prices of the steelmaking raw
material .IO62-CNI=SI in an amply supplied world market.

Jun 20, 2014

India moves to raise coal output from old mines in push for power

NEW DELHI, June 20 (Reuters) – India’s coal and power
minister said he will seek environment ministry approval next
week to raise output from coal mines as an interim step to
augment supply for power generation, a focus area for new Prime
Minister Narendra Modi.

Coal India, which accounts for 80 percent of the
country’s output of 562.6 million tonnes, has failed to meet its
output target and made India a big importer, partly due to
delays in securing environmental clearances.

Jun 17, 2014

Government may sell 5 percent stake in SAIL – sources

NEW DELHI (Reuters) – India’s new government could sell a 5 percent stake in state-run Steel Authority of India Ltd(SAIL.NS: Quote, Profile, Research), with a final decision expected next week, two sources directly involved in the process told Reuters.

Prime Minister Narendra Modi, who won a landslide election victory last month largely on his promise of economic growth, is expected to speed divestments to bolster revenue generation at a time of weak economic growth.

    • 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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