09
Dec
14:20
KIOCL signs exploration agreement with Indian government
KIOCL has signed an agreement with the Indian government to carry out exploration work for manganese and iron ores in nine blocks in the Bellary and Chitradurga districts of Karnataka. The estimated cost of the work is INR 81.53 crores ($11.5 million) plus goods and services tax, Kallanish learns from the state-owned iron ore pellet producer.
KIOCL increased pellet sales 13% on-year in the six months through September to 1.11 million tonnes (see Kallanish passim…
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Very good overview of the weekly steel market.
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