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NMDC targets three-fold increase in production by 2022

The state-owned iron ore mining major, NMDC Ltd , has set ambitious production and sales targets for 2015-’16. Also, it plans to increase the iron ore production by three-folds by 2021-2022. NMDC has set production target of 35 million tonnes and sales ...

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Indian Ministry quashes state ban on iron ore mining

The Ministry of Environment, Forest and Climate Change in India has decided to revoke the ban on mining in the South Indian state of Goa. Removal of the three-year old ban will pave way to resumption of iron ore mining activities in ...

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India iron ore mining hopes to be resumed soon enough

India, once used to be the third largest iron ore exporter in the world, and Goa used to be the largest iron ore exporting unit of the country. The coming back of the iron ore export units in Goa, could also pressure ...

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Merger of Itochu asset related to iron ore mining business in Brazil

ITOCHU Corporation agreed to merge asset possessed by iron ore production and sales company; NAMISA and asset related to iron ore mining business such as Casa de Pedra Mine and logistics asset (MRS railway company’s shares and port facility) which ...

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Trafigura Postpones its Brazilian Iron Ore Port Opening to 2015

Trafigura postponed the opening of its iron ore export terminal Porto Sudeste in Brazil to next year 2015. The company has got a contract to trade ore through the port. In June, the company said that it would open the port in ...

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Vale to Buy More Ships to Increase Iron Ore Exports

Iron Ore Producer of Brazil, Vale has planned to increase its shipping fleet so as to double the iron ore shipment to China over the next five years.    Vale’s head of Iron ore, Mr. Jose Carlos Martin said that with the ...

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Iron Ore Production in Western Australia on the Rise

Large amount of iron ore is flowing out of Western Australia due to the increased production rate by the major iron ore producers including BHP Billiton. During Thursday, Atlas Iron, one of the majors reported their big iron ore volume increase over ...

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Rio Tinto says: Iron Ore Output Increased11% by Australia Expansion

The world’s second largest mining company Rio Tinto Group said that its Q2 iron ore production surged by 11 pct followed by the expansion of operations in the Pilbara region, Western Australia. The company said that the output was about ...

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BHP Is Planning To Slash More Jobs At Australian Iron Ore Unit

Due to the declined iron ore prices , BHP billion, Mining giant is planning to slash more jobs at its Australian iron ore unit, in a view to reduce costs. It is estimated that number of job cuts will reach up to ...

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Baosteel of China to Buy Large Iron Ore Holdings In Western Australia

Baosteel of China agreed to buy a massive iron ore reserves in Western Australia after Mineral Resources denied to take over the control of Aquila Resources. This move made the way for Baosteel to hold up new iron ore supply ...

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