SEPL

Steel Plant , adjacent to the National Highway ted as a single compartment storage reservoir of 24 m depth with a capacity of 12.32 million cubic metres. The facility is meant to meet the additional requirement for the plant which is being expanded and modernised taking the overall capacity to 7.3 million tonnes per annum.

Mine safety is a broad term referring to the practice of controlling and managing a wide range of hazards associated with the life cycle of mining-related activities. Mine safety practice involves the implementation of recognised hazard controls and/or reduction of risks associated with mining activities to legally, socially and morally acceptable levels. While the fundamental principle of mine safety is to remove health and safety risks to mine workers, mining safety practice may also focus on the reduction of risks to plant (machinery) together with the structure and orebody of the mine.

Jindal Steel and Power Ltd (JSPL) bagged the Kasia iron ore & dolomite block at 118% premium.The Kassia iron ore mine was earlier operated by Aditya Birla Group owned Essel Mining.
According to sources, as many as 13 companies had submitted bids for the Kasia block while seven companies cleared the technical bidding round and participated in the financial bidding for the block, spread over 194.19 hectares.
The financial bidding for 11 mineral blocks has started from Saturday.
Total 123 bids have been received by the state for the 11 mineral deposits.
The blocks which are up for grabs in the auction process include Kasia, Nadidih (Bico), Nadidih (Feegrade), Teherai, Pureibahal,Chandiposhi, Jumka, Dholtapahar, Netrabandha Pahar (West), Gandhalpada and Karlapat.

Pellets are small balls of iron ore used in the production of steel. They are made with technology that uses the powder that is generated during the ore extraction process, once considered waste.

Iron ore price rose again on Thursday despite recent moves from top consumer China to crack down on the soaring prices.Benchmark 62% Fe fines imported into Northern China (CFR Qingdao) were up 1%, changing hands for $210.99 a tonne, according to Fastmarkets MB.Last month, China’s National Development and Reform Commission vowed to severely punish “excessive speculation, price gouging, and other violations” that it said helped lift prices.
The official measures did have some initial success in lowering prices, with spot iron ore retreating from an all-time high of $235.55 a tonne, reached on May 12.
Iron ore has surged through a combination of strong demand from China, which buys about 70% of the global seaborne volume, and constraints in supply, mainly from adverse weather in top shipper Australia and coronavirus-related disruptions in number two shipper Brazil.
China’s steel output hit a record 97.85 million tonnes in April, up 4.1% from March and some 15% higher than the 85.03 million from April 2020.
“As long as demand globally remains strong (including China) and markets are tight, we think it is unlikely China’s authorities will be able to push prices down on a sustained basis,” Bank of America said in a note.
The bank forecasts iron ore will average $172.2 a tonne this year; then $143.8 a tonne in 2022.

The value of iron ore exported from India amounted to nearly 186 billion rupees in finscal year 2020. This export value was significantly higher than the previous financial year's value of about 92 billion rupees.

On Thursday, Prime Minister Shri Narendra Modi commenced the auction for 41 coal mines for commercial mining. Estimates suggest that these coal mines will require an investment of around ₹33,000 crore and will account for around 15% of India’s total coal production in 2025-26. This will formalize the Cabinet Committee on Economic Affairs’ (CCEA) decision to award coal and lignite blocks on revenue sharing basis.