The price of iron ore is down by a quarter since its all-time high in 2011. Some of that fall is likely to be reversed fairly soon - the springtime construction season is beginning in China, which consumes about 60 per cent of the world's shipped ore. But even at the current price, efficient miners are running operating profit margins around 50 per cent. That should be too high for investors' comfort.
Despite a halt on iron ore mining in Karnataka since July last year, the state government has earned a royalty revenue of Rs270 crore, about 62 per cent of the total royalty earnings in the last
Due to higher prices of domestic chromite ore, Jindal Stainless Limited (JSL) has decided to increase import of chrome ore for use at its one-million-tonne stainless steel plant at Kalinga Nagar,
India’s iron ore exports are likely to hit a new low during the 2012-13 financial year and settle at about 40 million tonnes (mt), a drop of close to 35 per cent over the current year’s
Iron ore exports from Orissa, the country's biggest producer and third biggest exporter of this key steel making input, slipped significantly in January compared with December 2011 after the
Iron ore prices are likely to harden in the domestic market in the next few months owing to shortage of the commodity in Karnataka. The supply from Karnataka, about 25 per cent of the national
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