China’s reopening and the Indian government’s removal of export duties on steel, iron ore and pellets is set to benefit domestic iron ore producers like NMDC, allowing them to align domestic prices with global market trends and increase exports. China’s revival from COVID-led lockdowns will boost demand for imported iron ore in 2023. This bodes […]
NMDC, which has hitherto focused on mining minerals like iron ore, copper, dolomite, magnesite and so on, has got a major boost to its efforts to diversify into coal with the government allocating two coal mines to it. The Rohne and Tokisud North mines are are located at Hazaribagh District of Jharkhand. “The Rohne coal […]
India’s largest iron ore producer NMDC has reported a 39% increase in its revenue for the September quarter compared to the same period last year. Net profit increased 10%. The increase in revenue and profit was mainly due to increase in pricing and volume, the company said. Total iron ore production for the second quarter […]
India’s premier public sector miner has auctioned rough diamonds worth over Rs 110 cr via e-auction, beating a slowdown in India’s gems and jewellery sector. It is “a significant development amidst the global slowdown in diamond industry,” said mjunction, an e-auction company that also helped with India’s spectrum sales. “The e-auction process has successfully overcome […]
