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...

GOVERNMENT has set up a special purpose vehicle (SPV) to assist small scale chrome miners export the mineral.

THE government’s decision to lift a four-year ban on exporting raw chrome mid-last year gave hope to a sector that was on the verge of collapsing. It was sweet music to the ears of most artisanal chrome miners and companies who were stuck with piles of chrome...

Dual-listed Afarak Group subsidiary Turk Maadin Sirketi (TMS) has been granted the exploitation mining licence for its Turkey-based Eagle Field chrome project. TMS would now investigate the most appropriate time to bring the mine into production to ensure that...

Burdened with huge volume of loans and hostile macroeconomic factors, steel producers have sought a financial package from the Centre that allows debt restructuring.

Deputy Mines and Mining Development Minister Fred Moyo yesterday said chrome ore exports are moving at a "very slow" pace due to continued fall in global prices.

Project developer KWG Resources is looking towards the Far East to secure funding for its proposed 340 km rail corridor that it believes holds the key to unlocking the vast mineral wealth of the James Bay Lowlands of Northern Ontario. “The reason why KWG is l...

The Sukinda Chromite Mine (SCM) of Tata Steel at Jajpur in Odisha has become the first mine in India to roll out a pilot project on Sustainable Development Framework (SDF), a concept proposed and promoted by Union mines ministry for the development of culture ...