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Over 60% of auctioned blocks in Odisha, Karnataka since the MMDR Amendment Act, 2015 Average auction premium at over 100% Production to increase as many auctioned mines may come onstream Around 100 iron ore mine blocks have been successfully auctioned...
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State-run miner Coal India Ltd (CIL) has floated a calendar outlining the proposed coal volume to be offered under e-auctions during FY’24. The company is planning to sell 97.43 million tonnes (mnt) of coal, which is around 81% higher than...
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Global demand for coking coal in steelmaking is expected to increase by around 2.25% y-o-y in 2023. World Steel Association’s (WSA) short-range outlook published in April this year predicts that world crude steel production is expected to increase by 2.3%...
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In a recent development, certain Indian steel mills have started importing Australian iron ore fines in place of mainstream Brazilian iron ore concentrates. SteelMint has heard that Australian miners have started supplying low- to medium-grade iron ore fines (Fe57%-60.5%) to...
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India recorded highest-ever coal production of over 890 million tonnes (mnt) in financial year 2022-2023 (FY’23), while Coal Ministry projections show that coal supply (domestic + imports) may rise to 1,692 mnt by FY’30. State-owned Coal India Ltd. (CIL) is...
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