Nava Bharat Ventures Gains after Signing Pact with Tata Steel for Chrome Ore Conversion

Nava Bharat Ventures rose 1.66% at Rs 165 at 10:10 IST on BSE after the company said that it has entered into an agreement for renewal of conversion arrangement of chrome ore into ferro chrome with Tata Steel.

Monday, April 11, 2016

Zim Searches for High Chrome Niche Markets

ZIMBABWE is now looking for niche markets for high chrome grade to minimise the impact of subdued prices of the commodity on the international markets, an official has said. Zimbabwe’s chrome exports have remained subdued, since Government lifted the export b...

Wednesday, April 6, 2016

Bauba Platinum expects higher half year earnings

The start-up of Bauba Platinum’s Moeijelijk chrome project, in the North West, has contributed to an increase in earnings per share and headline earnings per share.

Wednesday, March 16, 2016

Labour Ministry to Abolish Four Levies

After finance minister Arun Jaitley's announcement during Budget speech that the government will abolish 13 cesses across ministries where collection is less than Rs 50 crore, the labour ministry has identified four of the six cesses levied to promote workers'...

Tuesday, March 8, 2016

Duty Waiver Fails to Cheer Iron Ore Exporters

The cut in export duty on low grade iron ore lumps and fines (Fe content less than 58%) has not perked up exporters. Federation of Indian Mineral Industries (Fimi), a premier body of the mining industry, feels the duty cut announced in the Budget would at best...

Tuesday, March 8, 2016

Jubilee on Track for Platinum Projects, Seeks Further Opportunities

Dual-listed Jubilee Platinum is on the hunt for further surface platinum opportunities following the success of its ASA Metals and Hernic tailings projects. The mine-to-metals specialist said in an update to shareholders on Monday that a study had been commiss...

Tuesday, February 23, 2016

Fimi Calls for Removal of Export Duty on Chrome Ore

The Federation of Indian Mineral Industries (Fimi) has called for the removal of 30 per cent export duty on chrome ore. Also, in view of the surging imports of both chrome and manganese ore, it demanded imposition of safeguards duty of 50 per cent on these two...

Sunday, February 14, 2016

Lack of raw materials pushes VISA Steel into SDR corner

VISA Steel announced last September that the Joint Lenders Forum had decided to invoke strategic debt restructuring (SDR) norms in accordance with the Reserve Bank of India circular dated June 8, 2015 after an earlier restructuring exercise failed to deliver t...

Wednesday, February 3, 2016
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