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MERCHANT MINERS
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- In 1831, a man digging into a Scottish sandbank found carved ivory figures that rewrote medieval historyIn 1831, a man on the Isle of Lewis unearthed the remarkable Lewis Chessmen, carved from walrus ivory. These pieces reveal a sophisticated ...
- GMDC shares rocket 18% to new 52-week high. What’s triggering the sharp surge?Gujarat Mineral Development Corporation (GMDC) share price surged 18% to a new 52-week high of Rs 736, driven by robust trading volumes exc...
- Global growth needs unconstricted energy markets: Jaishankar on Hormuz disruptionIndia is pushing for safe passage for ships. Attacks on merchant vessels are unacceptable. Global growth needs open energy markets. India w...
- Miners and steelmakers lock horns over mines ministry's proposal to amend MMDR ActThe ministry has proposed amending Sections 10A(2)(b) and 10A(2)(c) of the Mines and Minerals (Development and Regulation) Act, 1957 to pav...
- CII seeks clarification on computation of average sale price of auctioned mines by IBM“On an average, additional amount to the extent of about 20% is being charged over and above the applicable charges on account of premium, ...
- Tata Sons chairman pitches for coal exchange; Vedanta's Anil Agarwal advocates 'self certification'Speaking during the launch of auction of coal mines for commercial mining here, Chandrasekaran said, "The government should consider the co...
- Steel companies to pay more for ore as mines get costlyJSW Steel, which has been more aggressive in the auctions than the likes of Tata Steel and Arcelor-Mittal and has bagged four mines, is exp...
- Steel makers may see up to 20% rise in cost: CrisilIn March 2020, leases for more than 30 iron ore mines, which account for nearly 62 million tonnes (mt) of ore — comprising 50-55% of Odisha...
- Steel makers without captive mines are likely to face up to 20% hike in costsIn FY2019, domestic production of ore is estimated at around 207 mt, 65-70% of which was by merchant miners and the rest by captive steelma...
- There will be no iron ore scarcity in country post 2020: PMAIMerchant miners have cited possible shortage of iron in the market post expiry of mining leases and have appealed for extension of leases u...
- Surge in international iron ore prices post Brazil supply disruption cheers local minersIndia Ratings & Research (Ind-Ra) also said revocation of the licence at the Brazilian mine would be favourable for Indian miners and steel...
- Karnataka steelmakers protest against state government's decision to lease mine to MSPLIndian steelmakers have struggled to feed their growing steelmaking capacity in the country after the SC banned iron ore mining in Karnatak...
- Government creating artificial iron ore shortage: FIMIFederation representing merchant miners in the country claims stocks at mine heads reveal that there is no real shortage of iron ore.
- Government creating artificial iron ore shortage, alleges Federation of Indian Mineral IndustriesThe federation representing merchant miners in the country claims stocks at mine heads reveal that there is no real shortage of iron ore.
- Miners to add 20 million tons steel capacity in five yearsMerchant miners plan to add 20 million tons of steel capacity in the country within five years at an investment of about Rs 80,000 crore.
- Steel ministry may get involved in iron ore mine allotmentThe steel ministry may soon get involved in the allocation of mining leases for iron ore blocks.
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