India to auction only G2 level iron ore blocks

Tuesday, 19 April 2016 15:23:52 (GMT+3)   |   Kolkata
       

Turning down requests from several Indian state governments, India’s Ministry of Steel and Mines has directed that only iron ore reserved with the G2 level of exploration will be put up for auction and not blocks with the G3 level, a ministry official said on Tuesday, April 19.
 
The official said that several iron ore-producing states like Odisha and Jharkhand had approached the ministry seeking relaxations to enable the states to add iron ore blocks with G3 level exploration to the list of reserves to be put up for auction to user industries by September this year.

Similar articles

Daily iron ore prices CFR China - April 29, 2024

29 Apr | Scrap & Raw Materials

India’s SMIOL to ramp up manganese and iron ore mining capacities

29 Apr | Steel News

India’s NMDC hikes prices of iron ore lumps and fines with immediate effect

29 Apr | Scrap & Raw Materials

Brazilian high-grade iron price increases

26 Apr | Scrap & Raw Materials

Daily iron ore prices CFR China - April 26, 2024

26 Apr | Scrap & Raw Materials

Major steel and raw material futures prices in China - Apr 26, 2024

26 Apr | Longs and Billet

Kumba Iron Ore’s output and sales down in Q1

26 Apr | Steel News

Net profit declines at Vale in Q1 2024

25 Apr | Steel News

Iron ore imports to Mexico grow 110 percent in February

25 Apr | Steel News

Iron ore prices edge up week on week, further movement awaited after May Day holiday

25 Apr | Scrap & Raw Materials