HEADLINES

    • JSW Cement to invest Rs 2,200 cr to raise capacity to 20 mt in 3 yrs
      India | Steel | 2nd July 2015

      In order to increase its all India presence, JSW Cement part of Sajjan Jindal led JSW group is expanding its slag based cement capacity from 6.4 million tonne per annum (mtpa) to 20 mtpa in next three years. The company plans a total investment of Rs 2,200 crore for the incremental expansions.

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    • Atlas Iron back in action at all three of its Pilbara mines
      Iron ore | Others | 2nd July 2015

      Atlas Iron has reopened its Mount Webber mine, meaning all three of its Pilbara mines are running again less than three months after shutting them. Atlas suspended all mining and trading in its shares in April, when it was losing money and the iron ore price plunged to decade lows below $US50 a...

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    • Gopal Singh named as new CMD of NMDC Limited
      India | Iron ore | 2nd July 2015

      Public Enterprises Selection Board (PSEB) today recommended the name of Central Coalfields (CCL) chairman cum managing director Gopal Singh for the post of CMD ofNMDC Limited. In a statement putout on its website, PSEB said it had interviewed 13 persons for the selection process earlier in the day...

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    • China spot iron ore prices at 6-week low as demand weakens
      Iron ore | China | 2nd July 2015

      Chinese spot iron ore prices fell to a six-week low as purchases by steel mills in the world’s top producer stalled due to bleak demand prospects, hitting appetite for the raw material. Iron ore for immediate delivery to China’s Tianjin port fell for the fourth straight day on Tuesday,...

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    • Iron ore price back below $US60
      Iron ore | China | 2nd July 2015

      The price of iron ore is in another downward spiral, trading at below $US60 per tonne. Benchmark iron ore for immediate delivery to the port of Tianjin in China was last trading at $US58.90 per tonne. The falls comes just weeks after the commodity hit a four-month high of $US63.60 per tonne. ANZ...

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    • China-owned valemax anchored off Qingdao, set to call at port
      China | Freight | 2nd July 2015

      A 400,000-dwt valemax, owned by China Ore Shipping, has arrived off the coast of China’s Qingdao on Tuesday and is expected to call at Dongjiakou port, local reports said, signalling an end to earlier opposition voices from China to disallow valemaxes into the country. The valemax Yuan Zhuo...

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    • Adani's Aussie coal project runs into controversy
      Others | Coal/Coke | 2nd July 2015

      Mining giant Adani Group's 16.5-billion dollar coal mine project in Australia's Queensland has run into another controversy after reports that senior bureaucrats were sidelined over key decisions on the deal for the venture which was red-flagged by many officials. Documents obtained by the ABC News...

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    • Coal India hits record high
      India | Coal/Coke | 2nd July 2015

      Shares of Coal India have moved higher by 2% at Rs 429, also their record high on the National Stock Exchange (NSE). In the past two trading sessions, the stock was up 5% compared to a 1% rise in the CNX Nifty. Sanjay Jain & Dhruv Muchhal, analysts at Motilal Oswal Securities, have recommended...

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    • Fresh duty hike soon to cut cheap steel imports
      Others | Steel | 1st July 2015

      The government may jack up import duty on different grades of steel to up to 15 per cent to provide a cushion to the domestic industry, which is fast losing market share to cheaper steel coming in from China, Japan and Korea. Sources in the government said the finance ministry has started a fresh...

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    • Demand for handing over mining to Co-ops rises in Goa
      India | Iron ore | 1st July 2015

      The mining sector in Goa is in the eye of the storm with the public refusing to accept the way the state govt intends managing the sector. Villagers, intellectuals and environmentalists have joined together to ask the govt not to allow any players except cooperatives to take up mining in the state...

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