New Delhi, April 14 (IANS) In a move to reduce wastage and promote utilisation of low-grade iron ore, the government has amended rules to revise pricing norms for such ore, the Ministry of Mines said on Tuesday.The amendment provides a framework for pricing iron ore with iron (Fe) content below the threshold level of 45 per cent, including Banded Haematite Quartzite (BHQ) and Banded Haematite Jasper (BHJ), it said.Under the revised rules, the average selling price (ASP) for iron ore, with 35 per…
Latest Iron ore News & Updates
New Delhi, April 2 (IANS) India’s largest iron ore producer and miner, NMDC achieved a production of 53.15 MT of iron ore in FY26, becoming the first company in India’s mining history to surpass the 50 MT annual production mark, the government said on Thursday.The company produced 5.35 MT and sold 5.90 MT of iron ore in the month of March 2026, marking exceptional growth of 51 per cent and 40 per cent, respectively over the previous year, an official statement said.The total production durin…
New Delhi, March 19 (IANS) India’s mineral sector has achieved a significant milestone in the financial year 2025–26 with the successful auction of 200 mineral blocks, the highest ever in a single year, according to a statement issued by the Ministry of Mines on Thursday. The auctions covered a wide range of minerals. Limestone accounted for 76 blocks, making it the most auctioned mineral, followed by iron ore with 40 blocks. Bauxite accounted for 30 blocks, underscoring their importance for k…
New Delhi, March 14 (IANS) India’s largest iron ore producer NMDC has become the first mining company in the country to produce 50 million tonnes (MT) of iron ore in a single financial year, ahead of the close of FY 2025–26.Established in 1958 to develop India’s iron ore resources, the Navratna CPSE, under the Ministry of Steel, produced around 10 MT in 1978. “Over the decades, output has expanded fivefold to reach a historic 50 MT in FY 2025–26, reflecting the company’s steady trans…
New Delhi, March 6 (IANS) Indian Railways’ freight revenue rose 2.97 per cent year-on-year to Rs 14,571.99 crore in February, the government said on Friday.In the corresponding month last year, freight revenue stood at Rs 14,151.96 crore.According to Railways Ministry, freight loading increased 3.96 per cent YoY to 137.72 million tonnes (MT) during the month, compared with 132.48 MT in February last year.While transport output measured by Net Tonne Kilometres (NTKM) rose 4.18 per cent to 76,00…
Ahmedabad, Feb 21 (IANS) Adani Ports and Special Economic Zone (APSEZ), through its subsidiary Adani Gangavaram Port Limited (AGPL), has signed a strategic memorandum of understanding (MoU) with government-run NMDC Limited and Vale Brazil, it was announced here on Saturday.The MoU, signed at the India–Brazil Business Forum Summit, establishes a strategic framework for the development of an iron ore blending facility and a dedicated Special Economic Zone (SEZ) at Gangavaram Port.The agreement w…
New Delhi, Dec 29 (IANS) The growth rate of India’s industrial production surged to 6.7 per cent in November this year compared to the same month of the previous year after having slowed to 0.4 per cent in October due to the long holiday season in the festive month, according to figures released by the Ministry of Statistics on Monday.The strong industrial growth was driven by an 8 per cent surge in the manufacturing sector, led by a robust performance in basic metals and fabricated metal prod…