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Iron ore miners in Karnataka are stuck with 6.5 million tonnes of unsold inventory as against 1.5 mt a year ago. And one of the reasons is that the steel companies are buying ore from other states .
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In 2018-19, approximately 6.67 million tonnes of iron ore was imported into the state, as a substitute for locally produced iron ore, thereby leaving the unsold stock in mines and causing loss of revenue to Karnataka. These imports have also affected the sale of 8 million tonnes of old stocks.
Even CEC had recommended long-term contracts for Karnataka iron ore sale. As on date, 32 mines have been allowed to operate in Bellary and Chitradurga, with an annual production capacity of 29.198 .
The restrictions on sale of iron ore in Karnataka were imposed by the Supreme Court keeping in mind the situation prevailing in 2011-12, when mining operations had come to a complete halt in view of prohibitory orders of the apex court. As per estimates, the gross loss over a 10-year period to the state of Karnataka due to the ban on iron ore exports is estimated at Rs 29,058.8 crore.
Even CEC had recommended long-term contracts for Karnataka iron ore sale. As on date, 32 mines have been allowed to operate in Bellary and Chitradurga, with an annual production capacity of 29.198 million tonnes (MT) of iron ore and 0.2614 MT of manganese.-(NAV, Inputs: Agencies) Leave a .
NMDC Limited has suspended iron ore-mining from its Donimalai mine in Karnataka following the decision of the State government to impose 80 per cent premium on the iron ore sales from the mine, according to a regulatory filing by the public sector undertaking. The mining company said it has requested the government to reconsider its decision and the Karnataka Chief Minister Kumaraswamy .
bauxite mines in karnataka ukwufoundation The Indian State of Karnataka is loed 11 North and 18 North latitudes and 74 East and 78 East longitude It is situated on a tableland where the Western and Eastern Ghat ranges converge into the complex in the western part .
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Old stocks In 2018-19, approximately 6.67 MMT of iron ore was imported into Karnataka as a substitute for locally produced iron ore, thereby leaving unsold stock in mines and causing a loss of .
Iron ore miners in Karnataka are gearing up to resume exports of the key steel-making raw material, nine years after the imposition of a complete ban on exports from the state.
The Karnataka government has deferred the auction of the Donimalai iron ore mine.The development comes soon after the Centres Mines Tribunal .
E-auction of Iron ore in Karnataka Supreme Court (SC) vide its order 2nd September 2011 has appointed Central Empowered Committee (CEC) to oversee E-auction of Iron ore from Karnataka. CEC in turn has formed a Monitoring Committee to carry out the order of SC.
IRON ORE Indian Minerals Yearbook 2012 IBM. 2 each in Jharkhand and Karnataka each producing more than one million tonnes annually accounted for 934 of the total output in public sector and 311 of the total production in the country during 201112 Out of 260 iron ore mines and 24 associated mines in private sector 30 iron ore mines 17 in Odisha 9 in Goa.
The development comes soon after the Centres Mines Tribunal kept in abeyance the cancellation of mining lease of the block by the state government extended to NMDC Ltd. The government of Karnataka has identified one iron ore mine for electronic auction for grant of mining lease and accordingly NIT (Notice Inviting Tender) was issued dated .
Iron Ore in Jharkhand. 25 per cent of reserves. First mine in Singhbhum district in 1904. Iron ore of here is of highest quality and will last for hundreds of years. Noamandi mines in Singhbhum are the richest. Magnetite ores occur near Daltenganj in Palamu district. Iron Ore in Karnataka. Iron ores are widely distributed.
As a result of unfair policy-level restrictions, the sale of iron ore from Karnataka mines has fallen sharply, with domestic steel producers buying the commodity from Chhattisgarh and Odisha instead of sourcing iron ore from within Karnataka. Due to this, there is a huge pile-up of unsold stock of iron ore in Karnataka causing another major .
As a result of unfair policy-level restrictions, the sale of iron ore from Karnataka mines has fallen sharply, with domestic steel producers buying the commodity from Chhattisgarh and Odisha .
C-category iron ore mines were last allowed to resume operations after mining operations were banned a few years ago and a cap was subsequently imposed on mining activity in the region.
Earlier, the firm was in a legal battle with the state government over the issue of imposition of 80 per cent premium on the sale price of the iron ore extracted from the Donimalai mines.
New Delhi: The Karnataka government has deferred the auction of the Donimalai iron ore mine. The development comes soon after the Centre's Mines Tribunal kept in abeyance the cancellation of .
The development comes soon after the Centre's Mines Tribunal kept in abeyance the cancellation of mining lease of the block by the state government extended to NMDC Ltd.
For the quarter ended June, NMDC produced 2.16 mt of iron ore at its Donimalai complex in Bellary district, a rise of two per cent over the same quarter last year. Currently, there is a supply of 13.73 mt of iron ore in Karnataka, which includes nine mt from NMDC, 4.73 mt from eight Category-A mines and one Category-B mine.