Since the beginning of 2014, the price for 62% Fe iron ore has declined more than 50% to approximately US$60 per tonne currently, compared to an average price of US$135 per tonne in 2013 (62% Fe fines on a CFR China basis).
Get latest iron ore market price updates of Rungta Mines, Essel Mining, Indrani Patnaik, Serajuddin, KJS Ahluwalia, Kaypee Enterprises and OMC in Odisha with price chart. Iron ore price per ton of Bailadila mines from NMDC, Chhattisgarh. In addition, e-auction price from Karnataka and Goa in India.
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On August 2, 2017, the apex court had said that mining companies in Odisha operating without environmental clearance will have to pay a 100 per cent penalty to the state on the price of illegally extracted iron and manganese ores with retrospective effect from 2000-01.
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Captive source of iron ore from the operating mine in Roida and future potential of coking coal from its allocation of a coal block in Chindwara provides self sufficiency in key raw materials. In addition Malangtoli iron ore mines have been allotted to group company Mesco Steel. Mesco has also been allotted limestone and dolomite mines in Madhya Pradesh . The steel plant is located on about ...
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Mesco is an associated company of Mesco Steel Ltd., which is a leading Indian, vertically-integrated iron and steel producer that has successfully diversified its operations into other raw materials and commodities including mining.