Connect with us

Metal

India’s AMNS inks MoU with Odisha government for greenfield mill project

India’s ArcelorMittal Nippon Steel Limited (AMNS) has firmed up plans to construct a 12 million mt per annum capacity greenfield steel mill in Odisha.

Republished by Plato

Published

on

India’s ArcelorMittal Nippon Steel Limited (AMNS) has firmed up plans to construct a 12 million mt per annum capacity greenfield steel mill in the eastern Indian state of Odisha, entailing an estimated investment of $7 billion, a company official said on Friday, March 5.

The official said that a memorandum of understanding (MoU) to undertake such a project was signed on Thursday by AMNS chairman Lakshmi Niwas Mittal and Odisha chief minister, Navin Patnaik.

The Odisha government has earmarked suitable land for the AMNS project in the Kendrapara district and the project will be subject to the condition of the government facilitating acquisition of an iron ore block linked to the steel mill, the official said.

It may be noted ArcelorMittal gained its maiden footprint in the Indian steel industry in 2019 acquiring the stressed assets of Essar Steel through the bankruptcy resolution process in collaboration with Japan’s Nippon Steel.

For ArcelorMittal, the latest planned Odisha project will be its fourth attempt to construct a greenfield steel mill project in India.

In 2005, ArcelorMittal had signed a memorandum of understanding (MoU) with the state government of Chhattisgarh and in 2010 it had signed a similar agreement with the government of the southern state of Karnataka for a similar greenfield steel project. In 2006, ArcelorMittal concluded an MoU with the Odisha government for a steel project. All these were never carried forward for various reasons.

The present land to be offered for AMNS’ latest plans at Kendrapara, a coastal district close to Paradip Port, had earlier been acquired for construction of a steel mill by South Korea’s POSCO, which was later abandoned. The land parcel has now been carved out and offered to AMNS along with JSW Limited which has also proposed constructing a greenfield steel mill project in Odisha.

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Source: https://www.steelorbis.com/steel-news/latest-news/indias-amns-inks-mou-with-odisha-government-for-greenfield-mill-project-1189097.htm

Metal

S. Africa’s iron ore output up by 24 percent in February from January

In February this year the seasonally adjusted index of iron ore mining production in South Africa increased by 24.0 percent.

Republished by Plato

Published

on

According to the preliminary data released by Statistics South Africa, in February this year the seasonally adjusted index of iron ore mining production in South Africa increased by 24.0 percent, while the country’s manganese ore production index rose by 11.5 percent, both month on month. In the given month, South Africa’s nickel production fell by 30.0 percent month on month.

On year-on-year basis, in February this year South African iron ore production was up by 65.7 percent, while manganese ore production increased by 21.6 percent. In February, the country’s nickel output rose by 7.8 percent compared to the same month of 2020.

Furthermore, the country’s seasonally adjusted iron ore sales at current prices in February this year fell by 5.9 percent compared to the previous month, to ZAR 9.72 billion ($670.40 million), while the seasonally adjusted nickel sales value at current prices was up by 109.5 percent in the same month compared to January, amounting to ZAR 1.31 billion ($90.48 million). South Africa’s seasonally adjusted manganese ore sales in February at current prices totaled ZAR 3.35 billion ($230.93 million), up by 57.3 percent month on month.

The year-on-year percentage change at current prices in the given month was up by 47.0 percent in iron ore sales, up by 39.7 percent in manganese ore sales and rose by 83.3 percent in nickel sales.

Invest w Mintos
Source: https://www.steelorbis.com/steel-news/latest-news/s-africas-iron-ore-output-up-by-24-percent-in-february-from-january-1195188.htm

Continue Reading

Metal

S. Africa’s iron ore output up by 24 percent in February from January

In February this year the seasonally adjusted index of iron ore mining production in South Africa increased by 24.0 percent.

Republished by Plato

Published

on

According to the preliminary data released by Statistics South Africa, in February this year the seasonally adjusted index of iron ore mining production in South Africa increased by 24.0 percent, while the country’s manganese ore production index rose by 11.5 percent, both month on month. In the given month, South Africa’s nickel production fell by 30.0 percent month on month.

On year-on-year basis, in February this year South African iron ore production was up by 65.7 percent, while manganese ore production increased by 21.6 percent. In February, the country’s nickel output rose by 7.8 percent compared to the same month of 2020.

Furthermore, the country’s seasonally adjusted iron ore sales at current prices in February this year fell by 5.9 percent compared to the previous month, to ZAR 9.72 billion ($670.40 million), while the seasonally adjusted nickel sales value at current prices was up by 109.5 percent in the same month compared to January, amounting to ZAR 1.31 billion ($90.48 million). South Africa’s seasonally adjusted manganese ore sales in February at current prices totaled ZAR 3.35 billion ($230.93 million), up by 57.3 percent month on month.

The year-on-year percentage change at current prices in the given month was up by 47.0 percent in iron ore sales, up by 39.7 percent in manganese ore sales and rose by 83.3 percent in nickel sales.

Invest w Mintos
Source: https://www.steelorbis.com/steel-news/latest-news/s-africas-iron-ore-output-up-by-24-percent-in-february-from-january-1195188.htm

Continue Reading

Metal

S. Africa’s iron ore output up by 24 percent in February from January

In February this year the seasonally adjusted index of iron ore mining production in South Africa increased by 24.0 percent.

Republished by Plato

Published

on

According to the preliminary data released by Statistics South Africa, in February this year the seasonally adjusted index of iron ore mining production in South Africa increased by 24.0 percent, while the country’s manganese ore production index rose by 11.5 percent, both month on month. In the given month, South Africa’s nickel production fell by 30.0 percent month on month.

On year-on-year basis, in February this year South African iron ore production was up by 65.7 percent, while manganese ore production increased by 21.6 percent. In February, the country’s nickel output rose by 7.8 percent compared to the same month of 2020.

Furthermore, the country’s seasonally adjusted iron ore sales at current prices in February this year fell by 5.9 percent compared to the previous month, to ZAR 9.72 billion ($670.40 million), while the seasonally adjusted nickel sales value at current prices was up by 109.5 percent in the same month compared to January, amounting to ZAR 1.31 billion ($90.48 million). South Africa’s seasonally adjusted manganese ore sales in February at current prices totaled ZAR 3.35 billion ($230.93 million), up by 57.3 percent month on month.

The year-on-year percentage change at current prices in the given month was up by 47.0 percent in iron ore sales, up by 39.7 percent in manganese ore sales and rose by 83.3 percent in nickel sales.

Invest w Mintos
Source: https://www.steelorbis.com/steel-news/latest-news/s-africas-iron-ore-output-up-by-24-percent-in-february-from-january-1195188.htm

Continue Reading
Uncategorized2 days ago

Halo Collective Announces New Appointment to Board of Directors and Completes Securities Issuance to Independent Consultants, Related Parties, and Suppliers

Metal2 days ago

Registration open for IHEA annual meeting

News5 days ago

CBD News Roundup: Canadian CBD Payment Processor Launches Platform in US

Heartland4 days ago

CBD Shopping Guide 2021

Heartland4 days ago

Heartland4 days ago

Heartland4 days ago

Day two on CBD.

Heartland4 days ago

Heartland4 days ago

Cannabis with a Conscience

Heartland4 days ago

Heartland4 days ago

Heartland5 days ago

Heartland4 days ago

Cultivation Of Hemp In Spain Increases Eightfold Since 2016

Heartland4 days ago

Heartland4 days ago

Hemp Seed Peptide Market Intelligence Study for Comprehensive Insights

Heartland4 days ago

Heartland4 days ago

Heartland4 days ago

Manufacturing5 days ago

Look at Mercedes-Benz manufacturing, EQA Electric Vehicle Production Line. The Mercedes-Benz EQA is an all-electric subcompact luxury crossover SUV produced by Mercedes-Benz. It is part of the EQ family, a range that will expand to include 10 new models by 2022.

Heartland5 days ago

Manufacturing5 days ago

The Shortages Continue to Mount

Heartland4 days ago

RAB arrests drug dealers, recovers yaba, hemp

Metal5 days ago

Carbon fiber wind turbine blades could reduce cost

Heartland4 days ago

Heartland4 days ago

Heartland5 days ago

Impact Of Covid 19 On Hemp Concrete Market 2021 Industry Challenges Business Overview And …

Heartland4 days ago

Heartland2 days ago

Asia Pacific IoT command centre to be established in Adelaide

Heartland4 days ago

Day two on CBD.

Heartland4 days ago

Trending

A Cloud Nine Capital Entity Copyright © 2020 – All Rights Reserved Proudly Made in America