Mining Industries Correspondent
Krishna's Feed
Jan 1, 2014

India agrees to arbitration on scrapped AgustaWestland helicopter deal

NEW DELHI (Reuters) – India agreed to take its $770 million helicopter deal with Italian defense group Finmeccanica’s (SIFI.MI: Quote, Profile, Research, Stock Buzz) AgustaWestland unit to arbitration while formally cancelling the agreement on Wednesday over what it termed a breach of integrity.

India’s Defense Ministry appointed a former judge as its arbitrator on Wednesday but said in a statement it believed “integrity-related issues are not subject to arbitration”.

Dec 31, 2013

Steel consortium slashes Afghan ore plant plan

NEW DELHI/KABUL (Reuters) – An Indian consortium has slashed a planned $10.8 billion iron ore investment in Afghanistan by 80 percent because it has been unable to get funding for the project.

The consortium has proposed new terms which would see just 130.57 billion rupees invested, according to figures released on Tuesday in India’s steel ministry year-end report.

Dec 31, 2013

Indian steel group slashes Afghan ore plant plan

NEW DELHI/KABUL, Dec 31 (Reuters) – An Indian consortium has
slashed a planned $10.8 billion iron ore investment in
Afghanistan by 80 percent because it has been unable to get
funding for the project.

The consortium has proposed new terms which would see just
130.57 billion rupees ($2 billion) invested, according to
figures released on Tuesday in India’s steel ministry year-end
report.

Dec 18, 2013

JSW Steel’s main plant battling iron ore shortage

NEW DELHI (Reuters) – JSW Steel Ltd(JSTL.NS: Quote, Profile, Research) said its 10 million-tonne-per-year plant in Karnataka will not operate at more than 80 percent capacity in the near future as mining restrictions have stifled the supply of iron ore, a key feedstock.

Difficulty in sourcing iron ore has forced the company to go slow on plans to nearly triple annual capacity to 40 million tonnes in the next decade, which, along with ArcelorMittal SA (ISPA.AS: Quote, Profile, Research) and Posco (005490.KS: Quote, Profile, Research) recently pulling out of projects, could derail India’s steel production ambitions.

Dec 18, 2013

India JSW Steel’s main plant battling iron ore shortage

NEW DELHI, Dec 18 (Reuters) – India’s JSW Steel Ltd
said its 10 million-tonne-per-year plant in Karnataka
state will not operate at more than 80 percent capacity in the
near future as mining restrictions have stifled the supply of
iron ore, a key feedstock.

Difficulty in sourcing iron ore has forced the company to go
slow on plans to nearly triple annual capacity to 40 million
tonnes in the next decade, which, along with ArcelorMittal SA
and Posco recently pulling out of
projects, could derail India’s steel production ambitions.

Dec 3, 2013

Coal India to resume output at big field shut by labour protest

BHUBANESWAR/NEW DELHI, India, Dec 3 (Reuters) – Coal India
Ltd said it would resume full production on Wednesday
from a major coal field that was closed on Friday due to a
labour protest, cutting off a supply of about 200,000 tonnes a
day to power producers and others.

The Talcher field, comprising seven open cast mines, is run
by the Mahanadi Coalfields unit, which last fiscal year acounted
for nearly a quarter of the output from state-owned Coal India,
the world’s biggest coal producer.

Nov 30, 2013

Tarun Tejpal arrested on sexual assault charges

NEW DELHI (Reuters) – Police arrested Tehelka magazine editor-in-chief Tarun Tejpal on Saturday over allegations that he had sexually assaulted a woman colleague, in a case that has turned the focus back on sexual violence after the fatal gang rape of a woman last year.

The journalist told a superior that Tejpal, 50-year-old founder of the award-winning weekly magazine, had assaulted her twice in a hotel elevator during a conference in the resort state of Goa this month.

Nov 30, 2013

Indian magazine editor arrested on sexual assault charges

NEW DELHI (Reuters) – Police arrested the editor-in-chief of an Indian magazine on Saturday over allegations that he had sexually assaulted a woman colleague, in a case that has turned the focus back on sexual violence after the fatal gang rape of a woman last year.

The journalist told a superior that Tarun Tejpal, 50-year-old founder of the award-winning weekly Tehelka, had assaulted her twice in a hotel elevator during a conference in the resort state of Goa this month.

Nov 25, 2013

Coking coal imports to jump as steelmakers shift to low-grade iron ore

NEW DELHI (Reuters) – India’s coking coal imports could see a double-digit percentage increase this fiscal year as a scarcity of high-quality iron ore after a mining ban is forcing steelmakers to use inferior grades that need more coal to process into steel.

The world’s third-largest importer of coking coal shipped in 32.2 million tonnes last year. The use of low-grade iron ore would mean more coal purchases from traditional suppliers such as Australia, South Africa and the United States – helping support prices even if demand from China tapers.

Nov 25, 2013

India coking coal imports to jump as steelmakers shift to low-grade iron ore

NEW DELHI, Nov 25 (Reuters) – India’s coking coal imports
could see a double-digit percentage increase this fiscal year as
a scarcity of high-quality iron ore after a mining ban is
forcing steelmakers to use inferior grades that need more coal
to process into steel.

The world’s third-largest importer of coking coal shipped in
32.2 million tonnes last year. The use of low-grade iron ore
would mean more coal purchases from traditional suppliers such
as Australia, South Africa and the United States – helping
support prices even if demand from China tapers.

    • 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
    • More from Krishna

    • Contact Krishna

    • Follow Krishna