It was a boom for five years. With high profit margins, easy availability of iron ore and coal, and better logistics, Odisha became a hot seat for sponge iron industry in India during 2005-2010, leading to mushrooming of sponge iron units – 95 of them. Howeve...

THE government has placed a cap of 200,000 metric tonnes on raw chrome exports to end of December this year in a move aimed at enhancing viability of local smelting firms.

Government has identified four potential international buyers of chrome ore while issuance of export licences to local producers has started, a senior official has said.

Chrome ore mining companies are yet to benefit from the lifting of a ban on exports of chrome ore of up to 30 million tonnes amid indications that little will be exported this year pending finalisation of export licences.

Dosman Mangisi Mining Correspondent SCORES of small scale chrome miners are in a fix as they cannot sell their produce at competitive prices four months after the government lifted the ban on the raw export of the mineral.

MINES and Mining Development Minister, Walter Chidhakwa, who has been under fire for failing to put in place measures to resume chrome ore exports, this week set up a special purpose vehicle (SPV) for small scale miners to use for export of the mineral.

Government has created a special purpose vehicle to facilitate buying and selling of chrome ore from small-scale miners following the lifting of export ban on the mineral.

DAGGERS have been drawn against Mines and Mining Development Minister Walter Chidhakwa for abetting the unending cash crunch by failing to put in place measures that will allow licensed chrome producers to resume chrome ore exports, undermining a potentially p...