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Sandur Manganese trades higher on getting consent for expansion to increase iron ore production Sandur Manganese & Iron Ores is currently trading at Rs. 1636.55, up by 32.60 points or 2.03% from its previous closing of Rs. 1603.95 on the BSE. The scrip opened at Rs. 1642.00 and has touched a high and low of Rs. 1675.00 and Rs. 1611.15 respectively. So far 63015 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1675.00 on 06-Sep-2023 and a 52 week low of Rs. 655.00 on 31-Oct-2022. Last one week high and ...
Sandur Manganese trades higher on getting consent for expansion to increase iron ore production
Sandur Manganese trades higher on getting consent for expansion to increase iron ore production
Source: Accord Fintech
6/09/2023 12:16:20 PM
South Korea to offer $5.3 bn in financing to EV battery firms South Korea will extend 7 trillion won ($5.31 billion) in financial support to domestic battery makers over the next five years to help them respond to the United States' Inflation Reduction Act (IRA) and to boost their competitiveness in the sector, the industry ministry said. The government will extend the financing at lower rates and insurance premiums, among other things, to support battery firms' facility investment in North America. The IRA calls for giving up to $7,500 in...
South Korea to offer $5.3 bn in financing to EV battery firms
South Korea to offer $5.3 bn in financing to EV battery firms
Source: IANS
9/04/2023 8:53:58 AM
India scraps export tax on low grade iron ore, some steel intermediates India scrapped an export tax levied on low grade iron ore lumps and fines with below 58% iron content, in a notification late on Friday, reversing an earlier order from May when it had raised the tax to a steep 50% to rein-in inflation. In the notification, which takes effect on Saturday, the government also removed export tax on some steel intermediates from 15%, also imposed in May. New Delhi also lowered the export tax on iron ore and concentrates other than roasted iron pyrites to 3...
India scraps export tax on low grade iron ore, some steel intermediates
India scraps export tax on low grade iron ore, some steel intermediates
Source: Reuters
19/11/2022 9:23:04 AM
Indian mining body seeks higher import tax on aluminium, zinc, copper products India's top mining industry body has sought higher import taxes on a slew of metals such as zinc, copper and aluminium to help halt the tide of cheaper imports, especially from China, according to a note sent to the government and seen by Reuters. The government should raise import taxes to 10%-15% on several aluminium products, including scrap to 10% from 2.5%, the Federation of Indian Mineral Industries (FIMI) said in the note addressed to India's Ministry of Finance. India...
Indian mining body seeks higher import tax on aluminium, zinc, copper products
Indian mining body seeks higher import tax on aluminium, zinc, copper products
Source: Reuters
11/11/2022 4:07:51 PM
India`s October iron ore exports `nearly zero` - mining body official India's iron ore exports dropped to "nearly zero" in October, and overseas shipments of the steelmaking raw material are expected to continue to languish due to higher export taxes and lower demand from China, a senior industry official said on Thursday. India in May raised the export tax on low-grade iron ore lumps and fines - with iron content below 58% - to 50% from zero, and hiked the duties on pellets to 45% from zero, as part of efforts to meet rising local demand. &...
India`s October iron ore exports `nearly zero` - mining body official
India`s October iron ore exports `nearly zero` - mining body official
Source: Reuters
3/11/2022 4:53:01 PM
RHI Magnesita India surges on executing business transfer agreement with Hi-Tech Chemicals RHI Magnesita India is currently trading at Rs. 723.75, up by 4.70 points or 0.65% from its previous closing of Rs. 719.05 on the BSE. The scrip opened at Rs. 726.35 and has touched a high and low of Rs. 732.20 and Rs. 715.30 respectively. So far 50302 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 732.20 on 19-Oct-2022 and a 52 week low of Rs. 322.70 on 15-Nov-2021. Last one week high and low of the scrip stoo...
RHI Magnesita India surges on executing business transfer agreement with Hi-Tech Chemicals
RHI Magnesita India surges on executing business transfer agreement with Hi-Tech Chemicals
Source: Accord Fintech
19/10/2022 2:59:27 PM
Karnataka sees boom in iron ore production With the ease of restrictions on the sale of iron ore, the Karnataka is witnessing new iron and steel establishments, additional production, and expansion units. The same is quite evident with nine steel units being approved in the last one year. These companies have a total investment of Rs 17,291.42 crore, providing employment to 5,811 people. Dr. Murugesh R. Nirani, Minister for Large and Medium Industries said on Friday that with the ease of restrictions on the sale of iron ore, ind...
Karnataka sees boom in iron ore production
Karnataka sees boom in iron ore production
Source: IANS
8/10/2022 9:08:13 AM
Rubies are a girls` best friend  Good things come in small packages, especially when it comes to gemstones. Rubies, commonly known as the Manik, is a naturally occurring gemstone that is a type of aluminium oxide. It is chemically composed of aluminium, iron, chromium, and oxygen. The value of this gemstone is determined first by its colour, then by its cut and carat. There are different reasons and benefits why people prefer to wear ruby gemstones according to Milind Mathur, Creative Director, and Partner of Kohino...
Rubies are a girls` best friend
Rubies are a girls` best friend
Source: IANS
22/09/2022 4:40:32 PM
CII seeks withdrawal of export duty on low grade iron ore CII has said that the circular by the Ministry of Finance regarding imposition of 45 per cent export duty on low grade iron ore and enhancement of export duty on iron ore from 30 per cent to 50 per cent (all grades) will have cascading and adverse impact over Indian Iron Ore mining industry. CII said the earlier regime (NIL duty on below 58Fe and 30 per cent duty on above 58Fe) was apt for India. The 30 per cent duty on above 58Fe ensured domestic need was given priority, including that of...
CII seeks withdrawal of export duty on low grade iron ore
CII seeks withdrawal of export duty on low grade iron ore
Source: IANS
23/08/2022 3:56:49 PM
Dalian iron ore futures claw back on falling shipments from miners BEIJING - Benchmark iron ore futures on China's Dalian Commodity Exchange recovered from four consecutive sessions of losses on Tuesday, gaining over 1% on falling shipments from major suppliers. Iron ore shipments that departed from Australia and Brazil stood at 23.54 million tonnes in the week ended Oct.17, down 589,000 tonnes from the previous week, data from Mysteel consultancy showed. The world's largest miner BHP Group posted a near 5% decline in first-quarter iron ore out...
Dalian iron ore futures claw back on falling shipments from miners
Dalian iron ore futures claw back on falling shipments from miners
Source: Reuters
19/10/2021 8:54:17 AM
Iron ore miners want Karnataka to lift trade barriers Iron ore miners have urged the Karnataka government to remove the trade barriers, which are preventing them from doing business and export the raw material, an industry body official said on Monday. "The state government should file an affidavit in the Supreme Court to lift the ban on exports of iron ore and abolish e-auction in the state for level-playing field," G. Santesh, Chairman (southern region), Federation of Indian Mineral Industries (Fimi), told IANS here. In respons...
Iron ore miners want Karnataka to lift trade barriers
Iron ore miners want Karnataka to lift trade barriers
Source: IANS
6/04/2021 9:27:46 AM