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Nine of Allotted 12 Coal Blocks Idle in Odisha

29 Jul, 2021, 4:30 am Express News Service reported that expressing concern over the delay in commissioning production of the auctioned coal blocks, the Federation of Indian Chambers of Commerce and Industry has urged the State government to set up a dedicated cell to monitor the progress and sort out issues relating to land acquisition and expeditious approval of statutory clearances. FICCI Secretary General Mr Dilip Chenoy wrote to Odisha’s Chief Secretary Mr Suresh Mahapatra “I would take this opportunity to bring to your kind notice that 12 coal mines have been allocated and auctioned in Odisha since 2015 having production capacity of 97 million tonne per annum which will generate revenue of over INR 7,000 crore every year for the State exchequer, creating over 1 lakh direct and indirect local jobs.”

Daily iron ore price update (risk cases)

MacroBusiness Access Subscriber Only Content at 9:30 am on June 29, 2021 | 2 comments The ferrous complex was firm on June 28, 2021 as spot, paper and steel rallied play Chinese port stocks fell 124mt: There are 1634 words left in this subscriber-only article. Levels are lowish but not alarming. Readers will know my base case is that we will see a few more months of strong prices before we start to fall away in Sep/Oct as both the US and Chinese economies slow and the global inventory supercycle comes off. There are risks around the timing of it being a bit sooner or later. Macquarie may be seeing the leading edge of it:

Iron ore shortage, soaring prices make steelmakers seek government help

Iron ore shortage, soaring prices make steelmakers seek government help
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