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A 30 per cent export duty is levied currently on iron ore having Fe (iron) content above 58 per cent. Sources said this may be increased 5-10 per cent or more to prevent its export to markets that are willing to pay more to hoard the ore for future use and maximise their gains.
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Despite challenging conditions in the iron-ore market, including the sharpest fall in iron-ore price in history, MinRes shipped a record 19.2-million tonnes in the 2022 financial year.
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The first export consignment is to the tune of 3 lakh tons. There was slight hitches in getting ore, as it had to be transported by railways from Chhattisgarh to Vishakapatnam on the eastern coast. The Distance-Based Charges levied by railways proved costlier. The ore now comes from Vishakapatnam to Mangalore port by ship.
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The state had also sought the permission from the court to transport and export 11 million tonnes of already excavated iron ores, lying unused following the ban on mining in the state. The mined iron ore is "lying idle" and its transportation and export, if permitted, will be under the new rules that entail its electronic monitoring from mines ...
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May 21, 2022The Supreme Court on Friday permitted mining firms to sell outside the state and export already excavated iron ore from mines in the districts of Ballari, Chitradurga, and Tumakuru in Karnataka ...
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In terms of value, Ukraine's iron ore exports in 2020 rose by 24.8% year on year to $4.24 billion. China with its 60% share of the total value of Ukrainian iron ore exports in 2020 remained the leading consumer. Meanwhile, Poland and the Czech Republic accounted for 8.9% and 7% of the total value, respectively.
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Vedanta to restart iron ore mining operations in Goa. Press Trust of India | August 10, 2015 5:20 PM IST. New Delhi, Aug 10 : Anil Agarwal-led mining firm Vedanta today said it has received necessary.
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There are four main types of iron ore deposit: massive hematite, which is the most commonly mined, magnetite, titanomagnetite, and pisolitic ironstone. These ores vary in colour from dark grey, bright yellow, or deep purple to rusty red. Iron is responsible for the red colour in many of our rocks and the deep red sands of the Australian deserts.
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Jun 29, 2022The Mines Ministry has written to the Finance Ministry to propose scrapping a 5 per cent export duty on iron ore pellets, Mines Secretary Balvinder Kumar told Reuters, adding that the government...
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The Supreme Court on Monday sought the steel ministry's response on pleas to lift the ban on the export of iron ore from Karnataka, after the mines ministry responded favourably to requests by ...
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A bench, headed by Chief Justice N.V. Ramana, said: "We are inclined to favourably consider the prayer made by the applicants and grant them permission to sell the already excavated iron ore stock-pile at various mines and stock yards located in the districts of Bellary, Tumkur, and Chitradurga in the state of Karnataka, without having to resort to the process of e-auction.
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Photos. Videos; SUBSCRIBE TO E-PAPER ... they claimed.Since the DRI prices have further dropped to Rs 32,000 per tonne and export duty is levied on iron ore, pellets, pig iron etc, it is ...
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It referred to the May 20 this year order passed by the apex court which had granted certain reliefs relating to the sale and export of iron ore in these three districts in Karnataka and had left...
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The Supreme Court on Friday increased the annual iron ore output quota for the districts of Ballari, Chitradurga, and Tumakuru in Karnataka. The yearly iron ore production quota for Chitradurga and Tumakuru districts was raised from 7 MMT to 15 MMT, while the limit for Ballari was increased from 28 MMT to 35 MMT.
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Zee News brings latest news from India and World on breaking news, today news headlines, politics, business, technology, bollywood, entertainment, sports and others. ... VIDEOS; PHOTOS Live TV. Latest News. India. CWG 2022. Entertainment. Sports. Lifestyle. Business. World. Mobility ... Iron ore miners in Goa are hoping to sell 20 million ...
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China exported 490,000 tonnes of unwrought aluminium and products in August, according to customs data, up from July's 470,000 tonnes. However, over the first eight months of the year, aluminium exports slipped 10.3%, ET Bureau, Engineering, petrol products, gems drive exports up 50.45 per cent in August first week,
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Last month, Goa's mining industry body GMOEA wrote to the Prime Minister's Office, seeking to remove 10 percent export duty on iron ore fines with Fe content below 58 percent and 30 percent export ...
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A sudden shortage in supply from Brazil and rise in demand from China has resulted in the upward movement of iron ore prices. Currently, the prices for 57-58% Fe grade iron ore are hovering around ...
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Iron ore will come from Karnataka and it will be consumed in Goa. We have had discussions with the (Indian) Railway also who have expressed support," Rai said. Amid a dip in iron ore exports in Goa...
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A ban on export of iron ore and transport permits for moving iron ore from Karnataka imposed by the BJP government on July 26 and 28 respectively was on Friday upheld by a division bench of the Karnataka high court.
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the association highlighted that imposition of export duty to the tune of 50 per cent has made iron ore export unviable and is as good as export ban.this has already led to significant drop in iron ore prices across the country and has also reduced revenues accruing to state governments in the form of auction premium, royalty, dmf and nmet.lower .
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ore export duty hiked to 50%, may hit Goa mining restart, TNN / May 23, 2022, 04:11 (IST) The Centre's move to increase export duty on iron ore below 58 grade from zero to 50% could hit the state government's plan to restart mining activities in Goa through auctioning, as the low-grade iron ore export from Goa would not be financially viable.
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Brazil's iron-ore exports reached 33.68-million tonnes in June, the highest volume in nine months, as major producers like Vale shipped more in response to higher international prices, official ...
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January 15, 2021 / 08:52 PM IST. Steel and user industries in India are in for more price shocks as iron ore rose to a near 10-year-high on January 14, with Chinese customs data showing record ...
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Iron Ore: Get Iron Ore latest news and headlines, top stories, live updates, speech highlights, special reports, articles, videos, photos and complete coverage at Oneindia.
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Jun 29, 2022Shares in Indian steel and iron ore groups including Tata Steel and JSW Steel slid on Monday at the steepest pace since early 2020 after the government imposed heavy export taxes on the sector,...
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The port, which saw a negative growth of 10%, fared better than other major ports in the country An increase in export of iron ore and steel products like billets to China is helping the...
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NEWS. COVID-19; VIDEOS; PHOTOS Live TV. Latest News. India. Asia Cup 22. Entertainment. Sports. Lifestyle. Business. World ... Govt hikes export duty on iron ore, waives import tax on some raw materials . The import duty on ferronickel, coking coal, PCI coal has been cut from 2.5 per cent, in a move that will bring cheer to the steel industry. ...
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May 21, 2022The Supreme Court on Friday allowed export of already-extracted iron ore from Karnataka's three districts - Bellary, Chitradurga and Tumkar - subject to conditions set by the central government.
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An old building seen at the Bukit Besi mining site that was used to dry and process iron ore before the export-ready load was sent to the nearest port. Photo: Bernama. The history of mining in ...
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Jun 18, 2021Japan and Korea are the only two geographies where NMDC exports the key steel-making raw material while the rest is consumed domestically. In 2019-20, NMDC exported 2.44 million tonne (MT) iron ore...
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Edited by Victor Dasgupta Email Follow Petroleum Minister Dharmendra Pradhan (File Photo) Kolkata: Union Steel Minister Dharmendra Pradhan on Thursday said there were supply constraints of iron ore...
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The Supreme Court on Friday permitted mining firms to sell outside the state and export already excavated iron ore from mines in the districts of Ballari, Chitradurga, and Tumakuru in Karnataka...
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Jun 29, 2022The government has scrapped a 5 per cent duty on exports of iron ore pellets to make overseas shipments competitive amid a sharp fall in the world price of the steelmaking raw material, a...
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Jul 14, 2022Mining body calls iron ore export duty hike "self-defeating" On Saturday, the government announced that with effect from Sunday export tariffs on new iron ores and concentrates would be raised to 50% from 30%, and duties on pellets would be hiked to 45% from zero. The government also removed import tariffs for coking coal and coke.
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Iron Ore - Find Iron Ore Latest News Headlines and Breaking News Today along with Photos and Videos at Hindustan Times. ... 61 firms' reply on PIL alleging duty evasion in iron ore exports
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IANS. Published: 02 Jan 2022, 9:26 AM. Engagement: 22. Massive mountains of low grade iron ore, many of them several hundred feet high, have now emerged as the latest flash point between the establishment and activists in Goa. Referred to colloquially as dumps -- on account of the fact that the uneconomical, low grade ore is dumped alongside ...
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China, the largest consumer of iron ore in the world, imported a record of 743.6 million tonnes of iron ore in 2012, up 8.4% in the year. Trade between the India and China declined by 10.1% to $66 ...
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