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Metals & Mining

Coal imports in India saw a surge of 6.7 per cent to 171.81 million tonne (MT) in the April-December period of the ongoing financial year. This comes at a time when the government is mulling relaxing the timeline for achieving the 1 billion tonne coal production target for Coal India. https://www.business-standard.com/article/economy-policy/coal-imports-up-6-7-to-172-mn-tonnes-in-apr-dec-may-decline-going-ahead-119012000176_1.html

Bhubaneswar: Tata Steel is ready to invest in a downstream park on 400 acres next to its Kalinganagar steel plant in Jajpur district of Odisha. Its recent in-principle nod for the downstream steel park, adding to commitments made by Jindal Steel and Power, Vedanta Resource, Jindal Stainless and Nalco, is a result of the Odisha […]

State-owned Hindustan Copper (HCL) has chalked out a strategy, which includes reopening of closed mines, to augment production capacity to up to 20 million tonne per annum by 2024. The company’s current capacity of copper ore is 3.8 million tonne per annum (MTPA). https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/hindustan-copper-chalks-out-strategy-to-ramp-up-output-to-20-mt-by-2024/articleshow/67527194.cms

Coal India (CIL) is expected to put another 25-30 million tonnes (mt) of coal under the hammer in the ongoing quarter. This comes after e-auction volumes dipped following the decision to pump more coal into the coal-starved power sector through fuel-supply agreements (FSAs). https://www.business-standard.com/article/companies/coal-india-likely-to-auction-30-million-tonnes-of-coal-in-jan-mar-quarter-119011100057_1.html

Tata Steel standalone production was marginally up in Q3 FY19 to 3.3 million tonne (mt) against 3.27 mt in Q3FY18 with steady plant utilization though sales volume was lower at 2.97 mt compared to 3.3 mt in Q3FY18 due to seasonal headwinds, like softer automotive demand and inventory replenishment. https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/tata-steel-production-marginally-up-in-fy19-to-3-3-million-tonne/articleshow/67440730.cms

Karnataka will soon conduct drone-based differential geographic positioning systems (DGPS) survey to get accurate data on minor mineral deposits. Such a survey is a first of its kind in the country. The survey will begin soon and the results will be scientifically analysed. https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/karnataka-to-conduct-drone-based-survey-to-get-data-on-minerals/articleshow/67441538.cms

Domestic steel consumption is poised to grow at around 7% in FY 2019 and FY2020, ratings agency ICRA has said, led by the government’s thrust on infrastructure, affordable housing, power transmission and the Railways. This prompted the agency to give a stable outlook for the steel industry, in its year end assessment of the sector. […]