After almost a three-month lull of iron ore mine auctions in the country, the Karnataka government is set to auction 14 mines in June. These mines, referred to as category C mines, are primarily located in Bellary and Chitradurga districts with an estimated reserve of 127 million tonnes (MT) of iron ore.
With sale of iron ore from Karnataka mines, including state-owned NMDC, having fallen sharply, miners may have to cut prices of the raw material in order to clamp down the glut situation, industry officials and brokerages said on Monday.
Public sector mining major NMDC's suspension of iron ore mining at Donimalai, Karnataka could result in an increase of 10-15 per cent in iron ore prices, say industry sources. Current prices of the mineral in Karnataka are Rs 1,500-Rs 2,500 per tonne, …
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2018-11-16· By: Reuters 16th November 2018 The government of India's Karnataka state on Friday warned NMDC that it will cancel the lease of its Donimalai iron-ore mine …
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The miner's production and sale of iron ore declined more than 25 percent year-on-year in the April-August period, according to data compiled by BloombergQuint. "The volumes remained weak mainly due to issues in Karnataka and heavy rainfall in Chhattisgarh," Rao said.
2013-06-08· ISO 9001: 2008 – QMS Certification for all its iron ore mines and R&D Centre … Khetri Copper deposit in Rajasthan, Kudremukh Iron Ore Mine in Karnataka, … ore NMDC is developing Magnesite mine in Jammu and Arki Lime Stone Project in …
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