Search Result for : Minerals Metallurgy

Source: PIB, Government of India Indigenous crude oil production (including condensate) during June, 2015 was 3101.005 TMT which is 2.99% higher than the target for the month and 0.67% lower than the production during corresponding period of last year. Cumulative crude oil production during April-June, 2015 was 9305.507 TMT which is 2.66% higher than target for the period and 0.86% lower than the production during corresponding period of last year. Unit-wise and state-wise crude oil production is given at annexure-I. Unit-wise crude oil production (including condensate) for the month of June, 2015 and cumulatively for the period April-June, 2015 vis-à-vis same period of last year has been shown in table-1.1 and month-wise in figure-1.1 Table 1.1: Crude Oil Production (TMT) ...

Source: PIB, Government of India The Union Minister for Mines and Steel, Narendra Singh Tomar chairing the Consultative Committee meeting of the Ministry of Steel and Mines, in Bengaluru, Karnataka on July 07, 2015. Source: PIB, Government of India   Union Minister of Steel and Mines Narendra Singh Tomar said that, so far India was the 4th largest steel producer in the world only after China, Japan and the US. However, during the first five months of this calendar year, India has achieved the 3rd position in the global steel production. The minister was speaking at the meeting of the Parliamentary Consultative Committee attached to the Ministry of Steel and Mines on July 7, 2015. He elaborated that Indian steel industry is ...

The Dollar Business Bureau India’s iron ore exports fell in March to 804,233 tonnes, down by 56.7% when compared with the exports during the same month in 2014. According to Ministry of Commerce, the country had exported 857 million tonnes of iron ore during March last year while, during this year, India exported 804,233 tonnes of iron ore worth $27.22 million. Moreover, the export prices have dipped by 25.8% over the year. The iron ore export prices averaged at $71.4 per tonne in March 2015 as against $96.20 per tonne in March 2014. Japan is the largest destination of Indian iron ore, the country totaled to 289,813 tonnes. China with 287,238 tonnes and Iran 198,159 tonnes are important destinations for Indian ...

Source: PIB, Government of India The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its approval to renew Long Term Agreement with Japanese and South Korean Steel Mills for supply of high grade Indian iron ore, during the three year period from April, 2015 to March, 2018. The quantities covered under the agreement will be in the range of 3.8 million tonnes to 5.5 million tonnes per year, and will be supplied primarily from the mines of the National Mineral Development Corporation (NMDC). The contract will be executed by the Metals and Minerals Trading Corporation of India Limited (MMTC) under the Department of Commerce. Iron ore of higher grade have been supplied by India to Japan and ...

Source: PIB, Government of India Source: PIB, Government of India   The Union Minister of Steel & Mines Narendra Singh Tomar will be the Chief Guest at the “4th India Minerals & Metals Forum 2015- Ferrous & Non Ferrous” on Wednesday June 24, 2015 to be held at Hotel Le Meridien, New Delhi. The resurgence in domestic economic growth will increase the metal consumption. The formation of new stable government at the Centre has reassured the corporate and consumer sentiment significantly. Moreover, adoption of various structural and pro-business reforms is likely to put the economic growth back on track in a phased manner. Expected improvement in domestic gross domestic product (GDP) growth is likely to improve both domestic demand for the various ...

Sai Nikesh | The Dollar Business Government of India, on Monday, was urged to repeal the proposed ‘Quality Control Order (QCO)’ on imports of steel products into the country. Under the proposed Steel and Steel Products (Quality Control) Order, 2015, Indian government intends to bring various steel products under a mandatory Bureau of Indian Standards (BIS) registration. Raising objection to government’s supposed move, the Federation of Industries of India (FII), said the proposed QCO 2015, if not withdrawn by the Steel Ministry, would have a massive adverse impact on India’s international trade relations. No foreign country or their companies would go for cumbersome BIS registration procedure for the sake of exporting small quantities of steel, occasionally to a few engineering companies in ...

Sai Nikesh | The Dollar Business Amidst concerns from domestic industry over raising steel imports into the country, Government of India on Wednesday, increased basic customs duty on imports of steel products. Under this move, customs duty on imports of more than 400 steel products (a majority of them falling under the 8-digit HS Code levels) have been increased from 5%-to-7.5%-to-10%. The products include,  Iron and non-alloy steel ingots; Semi-finished products of iron or non-alloy steel; Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, cold-rolled, plated or coated; Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or less, cold-rolled, plated or coated; Bars or rods, hot-rolled, in irregularly wound ...

Source: PIB, Government of India. A delegation from Kazakhstan meeting the Union Minister for Mines and Steel, Narendra Singh Tomar, in New Delhi on June 15, 2015. The Secretary, Ministry of Mines, Dr. Anup K. Pujari is also seen. Source: PIB, Government of India.   One month ahead of Indian Prime Minister’s scheduled visit to the Republic of Kazakhastan, Union Minister of Steel and Mines Narendra Singh Tomar met a delegation from Kazakhstan, led by Minister of Investment and Development of Kazakhastan, Asset Issekeshev, at Udyog Bhawan in New Delhi on June 15, 2015. The meeting witnessed high level deliberation regarding areas of mutual collaboration between the two countries, particularly in the mining sector. Welcoming prospective partnership with Kazakhastan, Tomar said, ...