Mining Industries Correspondent
Krishna's Feed
Nov 15, 2013

Indian steelmakers look to bid for low-quality Goan iron ore

NEW DELHI, Nov 15 (Reuters) – Indian steelmakers are looking
to bid for much of the 11.46 million tonnes of low-quality iron
ore that the state of Goa will auction, after court-ordered
restrictions on mining have cut off supplies.

The domestic steel mills have traditionally preferred ores
with higher iron content but are now developing technology to
use whatever ore they can lay their hands on.

Nov 13, 2013

Tata Steel Q2 profit $144 million, beats estimates

NEW DELHI (Reuters) – Tata Steel Ltd(TISC.NS: Quote, Profile, Research) reported a sharply higher-than-expected second-quarter profit, helped by a rise in prices and market share at home but it said Europe was still challenging despite an improving performance there.

Europe is Tata Steel’s top market and production centre, but it has struggled there since gaining an entry through its $13 billion acquisition of Corus in 2007.

Nov 13, 2013

Tata Steel says Europe remains challenging despite uptick

NEW DELHI, Nov 13 (Reuters) – India’s Tata Steel Ltd
reported a sharply higher-than-expected second-quarter
profit, helped by a rise in prices and market share at home but
it said Europe was still challenging despite an improving
performance there.

Europe is Tata Steel’s top market and production centre, but
it has struggled there since gaining an entry through its $13
billion acquisition of Corus in 2007.

Nov 12, 2013

Hindalco says coal mining delays to hit profitability; results miss estimates

NEW DELHI (Reuters) – India’s second largest aluminium and copper producer Hindalco Industries(HALC.NS: Quote, Profile, Research) said on Tuesday delays in obtaining coal mining rights would weigh on its profit growth, as the company will now be forced to buy the costly fuel.

Hindalco and its chairman, billionaire Kumar Mangalam Birla, are being investigated by India’s federal police as part of a probe into possible irregularities in the allocation of coal blocks to several companies over the past two decades.

Nov 12, 2013

India’s Hindalco says coal mining delays to hit profitability

NEW DELHI, Nov 12 (Reuters) – India’s second largest
aluminium and copper producer Hindalco Industries said
on Tuesday delays in obtaining coal mining rights would weigh on
its profit growth, as the company will now be forced to buy the
costly fuel.

Hindalco and its chairman, billionaire Kumar Mangalam Birla,
are being investigated by India’s federal police as part of a
probe into possible irregularities in the allocation of coal
blocks to several companies over the past two decades.

Nov 12, 2013

Supreme Court keeps ban on Goa iron ore mining, allows inventory sales

NEW DELHI (Reuters) – The Supreme Court of India has maintained a 14-month ban on iron ore mining in top producing state Goa but allowed the sale of more than 11 million tonnes of material that sat in stockpiles.

Restrictions aimed at clamping down on illegal mining have slashed output and shipments from India, previously the world’s third-largest exporter with over $7 billion a year of iron ore supplied mostly to China’s steelmakers.

Nov 12, 2013

India keeps ban on Goa iron ore mining, allows inventory sales

NEW DELHI, Nov 12 (Reuters) – India’s Supreme Court has
maintained a 14-month ban on iron ore mining in top producing
state Goa but allowed the sale of more than 11 million tonnes of
material that sat in stockpiles.

Restrictions aimed at clamping down on illegal mining have
slashed output and shipments from India, previously the world’s
third-largest exporter with over $7 billion a year of iron ore
supplied mostly to China’s steelmakers.

Nov 11, 2013

Supreme Court lets sales of iron ore resume in Goa

NEW DELHI (Reuters) – The Supreme Court gave the go-ahead on Monday for the auction of around 11.46 million tonnes of iron ore already mined in Goa, potentially doubling the country’s exports this year to top market China if overseas sales are allowed.

The court also said it would set up a panel to decide on a cap for Goa’s iron ore output and this should submit an interim report by February 15, 2014, leaving mining still on hold.

Nov 11, 2013

Indian court lets sales of iron ore resume in Goa state

NEW DELHI, Nov 11 (Reuters) – India’s Supreme Court gave the
go-ahead on Monday for the auction of around 11.46 million
tonnes of iron ore already mined in Goa state, potentially
doubling the country’s exports this year to top market China if
overseas sales are allowed.

The court also said it would set up a panel to decide on a
cap for Goa’s iron ore output and this should submit an interim
report by Feb. 15, 2014, leaving mining still on hold.

Nov 10, 2013

Biting the hand that feeds: India’s small towns favor opposition

KASBA BONLI, India (Reuters) – Kasba Bonli is a newly prosperous market town in the northern Indian state of Rajasthan and it should be a perfect advertisement for the ruling Congress party’s pro-farmer policies. Instead the buzz in the bazaar is for the opposition.

In just a few years, handouts for farmers by Congress have helped turn the once-deprived village into a thriving retail centre, selling everything from glittery bangles to satellite dishes.

    • 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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